'Brilliant but expensive': 'Shark Tank' fans scoff at The Ice Cream Canteen's steep pricing
LOS ANGELES, CALIFORNIA: Ice cream, oh sweet creamy goodness, has been tantalizing taste buds for centuries. And let's be honest, who doesn't love a scoop or two (or three) of this delicious dessert? With flavors ranging from classic vanilla to exotic lavender honey and matcha green tea, ice cream has truly evolved over time. However, there's one pesky problem that has plagued ice cream lovers since its inception - it melts way too fast! But fear not, dear dessert devotees, for The Ice Cream Canteen has come to the rescue on 'Shark Tank'! Which of the Sharks will take the bait?
Entrepreneur, Jordan Stern wowed Sharks Mark Cuban, Kevin O'Leary, Lori Greiner, Daymond John, and Daniel Lubetzky with his innovative invention. The Ice Cream Canteen is a portable cooler accessory designed to keep your ice cream frozen and intact, no matter where you go. This product taps into the trend of on-the-go eating and drinking, making it a must-have for anyone who loves a cold treat but hates the hassle of melted messes. During the pitch, Mark Cuban even joined Stern on set to put the product to the ultimate test. And to the amazement of everyone, the ice cream in the canteen stayed frozen solid, proving just how efficient and effective this product truly is. So, grab your favorite flavor, pack it in The Ice Cream Canteen, and enjoy your frozen treat without any fear of a meltdown!
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Picture this: it's a hot summer day, and you're out and about, craving a cold, refreshing scoop of ice cream. But as you wander down the street, you realize with dismay that your favorite dessert is quickly melting, turning into a sticky, unappetizing mess. Enter Jordan, the founder of Ice Cream Canteen, and his ingenious portable cooler accessory designed to preserve ice cream on the go.
Recently featured on 'Shark Tank,' Stern appeared seeking an investment in his innovative invention, which has been designed to tap into the booming market for convenient and portable food and drink products. And boy, did he impress the Sharks. During the pitch, Mark joined Stern on set to put the product to the ultimate test, using a blow torch that reached up to a scorching 425 degrees. To the amazement of everyone, the ice cream in the canteen remained frozen solid, highlighting just how efficient and effective this product truly is.
One Shark, in particular, Daniel, was blown away by Stern's creation, recognizing that it addressed a significant need in the market. While Stern had initially considered selling the canteen through e-commerce channels, Lubetzky encouraged him to explore retail as an alternative. Stern reported impressive sales of $90,000 in 2021, with a net profit of over 50%. Seeking a partner who could help him scale up the business and take it to the next level, Stern made his pitch to the Sharks, asking for a $100,000 investment in exchange for a 10% stake in the company. The Sharks were impressed with the product's potential, with many of them making offers to Stern. However, Stern was looking for more than just an investment; he wanted a partner who could help him bring Ice Cream Canteen to new heights.
Kevin O’Leary, also known as 'Mr Wonderful,' saw a lot of potential in the product and offered $100k for a 30% stake in the company. But Lori Greiner was also interested in the product and saw an opportunity for a joint venture with Mark Cuban. She offered $100k plus a $100k line of credit for a 25% stake in the company. Mark Cuban then countered with a $100k investment and a $200k line of credit for a 20% stake in the company, which Stern ultimately accepted. The partnership between Lori and Mark could prove to be invaluable for Stern and Ice Cream Canteen. With Lori's expertise in product development and marketing and Mark's eye for spotting emerging markets, the two could help bring the canteen to new heights and make it a household name. And with Ice Cream Canteen in hand, we can all enjoy our favorite frozen treats on the go, without fear of them melting into a sticky, unappetizing mess.
'Ice cream is cheaper than the canteen'
After the episode of 'Shark Tank' featuring The Ice Cream Canteen aired, fans of the show took to social media platforms like Twitter and Instagram to share their thoughts on the product. While many viewers were impressed by the portable cooler's ability to keep ice cream from melting, some expressed concerns over the price point. Tweets like, "That Ice Cream Canteen deal just stressed me all the way out #SharkTank" and "The ice cream canteen is brilliant but expensive!" were seen. Some even said, "The Ice Cream Canteen is $44.99. You have to invest in preserving your ice cream! #SharkTank." One tweet stood out. They said, "a triple paper bagged pint lasts long too...." Instagram was also flooded with the same concern. One user said, "Damn…. I thought about that forever ago. but would have made it cheaper," while another added, "Love ❤️ it but it hurts me." The Ice Cream Canteen is undoubtedly a unique and innovative product that solves a common problem for ice cream lovers on the go. However, the cost of the canteen is on the higher side, which may not be affordable for some consumers.
That Ice Cream Canteen deal just stressed me all the way out #SharkTank
— Alisa Reneé 🐢 (@the_alisa_renee) April 1, 2023
The ice cream canteen is brilliant but expensive! 🍨#SharkTank @ABCSharkTank
— Jamie Steinberg (@NotYerAvgChick) April 1, 2023
The Ice Cream Canteen is $44.99. You have to invest in preserving your ice cream! #SharkTank
— Ryan Bartholomee (@RyanBartholomee) April 1, 2023
'Shark Tank' Season 14 Episode 19 will air on ABC on Friday, April 7, at 8 pm ET. You can catch the latest episode the next day on demand, or on Hulu. You can also watch old seasons and episodes on Amazon Prime Video and iTunes.
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