Wanna Date Shark Tank Update
Wanna Date is a unique and innovative company that made waves on the popular television show Shark Tank. Their mission was to create a healthier and tastier alternative to traditional sweet spreads. Their all-natural, date-based spreads quickly captured the attention of Sharks and viewers alike.
So, what exactly is wanna date shark tank update now? As per reports, Wanna Date is going strong till today. It has a net worth of $4.7 million.
In this study, we will take a closer look at what happened to Wanna Date after their Shark Tank appearance. We will have a look at their current net worth, sales data, and whether the company has become profitable.
Wanna Date Shark Tank Profile
We will have a look at wanna date in the shark tank profile in a nutshell.
| Company | Wanna Date |
| Founder | Melissa Bartow |
| Founding Year | 2017 |
| Product | Snickerdoodle, chocolate brownie, and birthday cake |
| Asked for | $100k for 20% equity |
| Final Deal | $100k for 33% equity |
| Shark | Mark Cuban |
| Business Status | Currently operating and expanding |
| Shark Tank episode | Season 11, Episode 12 |
| On Air Date | January 12, 2020 |
| Website | Visit the Website |
| Headquarters | Brooklyn, New York, USA |
| Lifetime Net Worth | $4.7 million |
| Watch on | Amazon Prime |
| Buy on Amazon | Wanna Date Original Date Spread, Cinnamon Date Spread |
Wanna Date Takes a Bite on Shark Tank
Wanna Date, the date-based spread company, made its appearance on ABC’s Shark Tank during Season 11, specifically in Episode 11. This popular television show provided Wanna Date with a valuable platform to showcase their innovative product.
In this reality show, they pitch their business to a panel of experienced investors, known as the Sharks.
The specific Wanna Date Shark Tank episode on-air date of Wanna Date’s feature on Shark Tank is 12th January 2020. Nonetheless, the exposure and opportunity provided by the show undoubtedly played a significant role in the company’s subsequent growth and success.
What Happened to Wanna Date After Shark Tank?
When Wanna Date presented its product on Shark Tank, some of the Sharks had doubts about the company’s value of $500,000. Considering their sales were around $30,000, it was quite fair.
Barbara Corcoran also had concerns about Melissa Bartow relying on her father’s support. But despite the skepticism, Bartow remained determined to prove her business’s worth.
Fortunately, Mark Cuban saw potential in Wanna Date and connected with Bartow. Although Bartow initially asked for $100,000 for a 20% stake, she agreed to Cuban’s offer of a higher stake of 33%. Cuban’s involvement brought valuable expertise and resources to the table, leading to significant growth and success for Wanna Date.
After the Shark Tank appearance and teaming up with Mark Cuban, Wanna Date’s brand gained more visibility. Also, they expanded their distribution channels.
The show’s platform combined with Cuban’s guidance propelled the company forward. Wanna Date formed strategic partnerships with retailers, expanded their online presence, and attracted more customers, which boosted sales.
In a nutshell, despite initial doubts, Wanna Date’s partnership with Mark Cuban proved to be a game-changer. The company gained exposure, secured collaborations, and experienced growth, all thanks to the show and Cuban’s support.
Wanna Date Net Worth
As of the latest available information, Wanna Date’s net worth stands at an estimated $5 million. This valuation reflects the company’s strong growth trajectory and success in capturing a significant share of the healthy spreads market.
The partnership with Mark Cuban and subsequent strategic collaborations have undoubtedly contributed to Wanna Date’s impressive financial standing.
Wanna Date Today: Expanding Opportunities and Future Outlook
Wanna Date’s success on Shark Tank and subsequent growth have opened up several exciting opportunities for the company. Their commitment to innovation has led to the introduction of new flavors, product lines, and collaborations.
The company continues to explore strategic partnerships with retailers, both online and offline, to broaden their distribution channels.
Additionally, Wanna Date is actively engaged in social responsibility initiatives, focusing on sustainability and giving back to the community. Such efforts have further enhanced their brand image and appeal to environmentally conscious consumers.
Wanna Date Update: Is it Profitable Now?
Wanna Date’s manufacturing cost per jar is $2.9, and Melissa sells each jar on the market for $12. This indicates a gross profit margin of $9.1 per jar. However, it is important to note that other expenses, such as marketing, distribution, and operational costs, would impact the overall profitability of the business.
Additionally, it is mentioned that Melissa is actively working on reducing the production cost to $1.8 per jar after the show. This cost-reduction effort indicates a strategic focus on optimizing expenses and increasing potential profitability.
In terms of sales, as of 2022, Wanna Date has achieved a total sales figure of $4.7 million. This revenue demonstrates the market demand for their product and suggests positive financial performance. Hence, you can call it profitable.
Additionally, the combination of a healthy gross profit margin and significant sales indicates the potential for Wanna Date to be profitable.
If you’re interested in more Shark Tank updates, be sure to check out our articles on Kronos and Slice of Sauce. Our Kronos Shark Tank update features the innovative time management tool that impressed the investors. Additionally, our Slice of Sauce Shark Tank update showcases the unique ketchup slice invention that caught the attention of the Sharks. Discover the stories behind these entrepreneurs and their experiences on Shark Tank.FAQs
Don’t move your eyes away! You have something more to learn!
Q: What makes Wanna Date spreads a healthier alternative to other spreads?
Wanna Date spreads are a healthier alternative due to their focus on natural ingredients and minimal additives. By blending dried fruit with water and seasonings only, without oil, sweeteners, or fillers, Wanna Date offers a nutritious and flavorful option for spread enthusiasts.
Q: Can Wanna Date products be used as a direct substitute for sugar in recipes?
Absolutely! Wanna Date products can be used as a one-to-one replacement for sugar in most recipes. They add natural sweetness and a unique flavor profile to your favorite dishes, without the negative health effects of processed sugars.
Q: What makes Wanna Date spreads a healthier alternative to other spreads?
Wanna Date spreads are a healthier alternative due to their focus on natural ingredients and minimal additives. By blending dried fruit with water and seasonings only, Wanna Date offers a nutritious option for spread enthusiasts.
Q: Are there any allergens in Wanna Date products?
While Wanna Date products are generally allergen-friendly, some varieties may contain nuts. Please refer to the product labels or our website for detailed allergen information.
Q: What was the Sharks’ reaction to Wanna Date’s pitch?
To be frank, the Sharks had conflicting feelings about Wanna Date during the pitch. Some questioned if a $500,000 valuation for a firm with revenues of roughly $30,000 was overly ambitious. They were concerned to know that Bartow’s father was financially supporting her. However, Mark Cuban noticed something about them and offered a deal.
Final Words
Wanna Date’s journey from Shark Tank to a thriving business is a testament to entrepreneurship, innovation, and strategic partnerships. With impressive net worth, sales growth, and a commitment to healthier options, Wanna Date leads the spread market.
Expanding offerings and reaching new horizons, Wanna Date aims to spread sweet, nutritious influence. Indulge your taste buds while prioritizing health with Wanna Date spreads. Swipe right on flavor, and savor the natural sweetness of dates. Exciting surprises await as Wanna Date continues to create mouthwatering creations.
