Sweet Ballz Shark Tank Update

Sweet Ballz Shark Tank Update 2023

The Sweet Ballz food company focuses on making cake balls, small cake pop-sized spheres created from cake, frosting, and various ingredients. They made their debut on the Shark Tank in 2013.

Based on the Sweet Ballz shark tank update, James McDonald alongside Cole Egger is the owner of the Sweet Ballz company, which appeared on Shark Tank’s Season 5, Episode 1. The entrepreneurs solicited $250,000 in exchange for a 10% share, valuing their business at 2.5 million USD. Finally, Barbara Corcoran and Mark Cuban invested 250,000 USD for a 25% piece of Sweet Ballz.

In this article, we’ll discuss more on the Sweet Ballz shark tank update and Sweet Ballz today as regards sales data and their net worth.

Sweet Ballz Shark Tank Profile

In 2013, Sweet Ballz started making Cake Ballz, which they sold in sets of four. They had flavors like chocolate, red velvet, and cookies ‘n’ cream. Besides selling on their own, Sweet Ballz was also available in certain 7-Eleven stores when it appeared on the “Shark Tank.

Sweet Ballz Shark Tank Profile

Here is an overview of the Sweet Ballz update. 

Name of the company Sweet Ballz
FoundedJune 16, 2012,
FounderCole Egger and James McDonald
ProductSmall, round treats crafted from cake, frosting, and various ingredients, similar in size to cake pops.
Asked for250,000 USD in exchange for a 10% share in the company.
Final deal250,000 USD for a 25% share of the business.
SharksBarbara Corcoran and Mark Cuban
Episode (Shark Tank America)S5 E1 
Air dateSeptember 20, 2013
Status of the BusinessStill doing business
HeadquartersMansfield, Texas, US
Networth$5 million
WebsiteSweet Ballz
Buy NowAmazon
Watch onAmazon Prime

How Was Sweet Ballz on Shark Tank?

Sweet Ballz company appeared on Shark Tank’s S5 E1, and presented their special cake balls to the Sharks. Cole Egger and James McDonald, the owners, asked for 250,000 USD for a 10% share, valuing their business at 2.5 million USD. Eventually, Barbara Corcoran and Mark Cuban invested 250,000 USD for a 25% piece of Sweet Ballz. 

During the Sweet Ballz Shark Stank episode, the founder’s goal was to accelerate production for wider product distribution. Initially, the Sharks were fond of the delicious Sweet Ballz cake pops and were also impressed by the company’s strong sales history. 

How Was Sweet Ballz on Shark Tank

The Sharks were amazed by the company’s sales, which had reached over $700,000 in just 90 days, primarily from sales in 7-Eleven stores. All five Sharks extended offers. Their offers are

  • Barbara Corcoran proposed 250,000 USD for a 40% stake.
  • Kevin O’Leary suggested 250,000 USD for a 30% stake, along with monthly distribution tied to the entrepreneurs’ compensation.
  • Lori Greiner proposed investing 250,000 USD for a 36% stake, with the idea of featuring the product on QVC.
  • Robert Herjavec made an offer of 250,000 USD for a 25% ownership share.
  • Mark Cuban decided to team up with Barbara’s proposal and put forward his offer of 250,000 USD in exchange for a 25% ownership stake.

However, James and Cole ultimately chose to accept the combined offer from Barbara Corcoran and Mark Cuban. This amounted to 250,000 USD in exchange for 25% equity stake.

However, after the show, their website was so overwhelmed by orders that it temporarily crashed. Despite post-show challenges, Sweet Ballz persists, offering diverse flavors and focusing on food service distribution. 

Sweet Ballz Company Update After Their Appearance on Shark Tank?

Sweet Ballz went through both good and tough times following their Shark Tank pitch. While the company’s website was flooded with orders after the Shark Tank episode, there was a legal dispute between co-founders Cole Egger and James McDonald. 

This dispute kept McDonald’s too busy to make the most of the positive impact of their Shark Tank appearance. As a result, the loss of website visitors affected Sweet Ballz’s sales. 

Nevertheless, the company is still running, providing various flavors, and concentrating on distributing its products to food services.

Sweet Ballz Company Update After Their Appearance on Shark Tank

This is what went down at Sweet Ballz after their appearance on the Shark Tank show

  • The Sweet Ballz website got swamped with orders after they aired on the Shark Tank show, so much so that they had to close it.
  • In September 2013, McDonald sued Egger, saying he shut down the Sweet Ballz website to start a new brand called “Cakeballz” and tried to take over the company.
  • The legal fight kept McDonald too busy to make the most of the good things that came from the Shark Tank appearance. As a result, there was a drop in website visitors, which hurt Sweet Ballz’s sales.
  • In 2023, their website is still operational, although they mention that online orders are not available during the summer.
  • Sweet Ballz is still in business, while Cake Ballz is no longer around. Sweet Ballz’s worth has risen, with earnings hitting roughly $5 million

Sweet Ballz’s Net Worth

The precise details about Sweet Ballz’s net worth aren’t publicly disclosed. It’s suggested the business is valued at over $5 million. The founders, Cole Egger and James McDonald, are reported to have a combined net worth of $3.75 million in 2023. 

While the exact figure remains undisclosed, Sweet Ballz seems to have achieved considerable financial success.

Sweet Ballz's Net Worth

Sweet Ballz Sales Data

Sales information Sales/price per one
Sweet Ballz sales after 3 months of shark tank appearance$700,000
Price per one pack of sweet ballz$1.99 – $2.49

Sweet Ballz spends $0.86 to produce one pack. 95% of their sales come from more than 5000 7-Eleven stores throughout the USA. 

Is Sweet Ballz Still Profitable?

In December 2022, Sweet Ballz was reported to generate an annual revenue of $5 million, but it’s crucial to emphasize that the context does not explicitly address its profitability. While the Sweet Ballz website remains operational, their social media profiles have not seen any recent activity. This leaves us in the dark about the business’s current operation and any future strategies. Thus, making it impossible to determine if Sweet Ballz is currently making a profit.

Is Sweet Ballz Still Profitable

Final Words

In 2013, Sweet Ballz struck a deal with Barbara Corcoran and Mark Cuban on Shark Tank, securing $250,000 for a 25% stake. Their TV appearance triggered a surge in orders, but they struggled to meet demand. Facing internal conflicts and legal disputes, Sweet Ballz pressed on. 

Today, they focus on food service distribution and co-packing, and they continue selling cake balls nationwide. While Shark Tank brought national attention and investment, it also posed post-show challenges. This emphasizes the significance of thoughtful business planning. Sweet Ballz perseveres in the market.

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