Chill Soda Shark Tank Update | Chill Soda after the Shark Tank

What is Chill Soda?

Chill Soda is believed to be a healthier alternative beverage line that tastes great, has half the calories of conventional sodas, and is also nutritional.

Dan Mackey launched Chill Soda in 2009 in Stellenbosch, Western Cape. Dan Mackey introduced Chill soda to the market as a self-described marketer and avowed rookie entrepreneur.

Chill Soda is a low-glycemic organic beverage that is sweetened but does not include corn syrup.

Dan Mackey launched Chill Soda when he saw an opportunity to produce a beverage that would benefit both children and adults.

Chill Soda is available in four flavors: Chill Kola, Chill Pome, Chill Guava, and Chill Limon.

Who is the Founder of Chill Soda?

Dan Mackey developed the recipes for each flavor of Chill Soda and then developed a production facility that is located in Stellenbosch.

Dan Mackey spent two years developing the recipe and production process for Chill Soda before he was ready to launch it.

Dan Mackey launched Chill Soda in 2009 in Stellenbosch, Western Cape. Dan Mackey introduced Chill soda to the market because he, too, was a self-described marketer and acknowledged to being a beginner entrepreneur.

Dan Mackey launched Chill Soda after recognizing an opportunity to produce a drink that would benefit both children and adults. Chill Soda is available in four flavors/varieties: Chill Kola, Chill Pome, Chill Guava, and Chill Limon.

Dan Mackey was inspired to establish Chill Soda after hearing about it from a family member who happened to be a teacher.

Dan Mackey was informed that conventional soda had been prohibited in the schools. The schools substituted these beverages with even more unhealthy alternatives.

Chill Soda was designed to give a healthier choice without sacrificing taste.

Chill Soda was manufactured in four distinct variations, demonstrating that the market needs this healthful beverage. Chill Soda was able to generate $175,000 in sales.

 

What Happened to Chill Soda at Shark Tank Pitch?

Dan Mackey appeared on Shark Tank pitch seeking for $50,000 for 10% equity shares of his company.

He added the company was able to sell 250,000 cans in California through multiple distributors, earning $175,000 in sales.

Daymond John, Kevin O’ Leary, Robert Herjavec and Lori Greiner were all out of the deal due to the poor presentation skills and lack of marketing strategy from the entrepreneur Dan Mackey.

Barbara Corcoran being the only investor makes her offer of $50,000 for 20% ownership of the company. Dan Mackey without wasting much time accepts the offer and they both close the deal.

What Happened to Chill Soda after the Shark Tank?

Following the success for funding of the Chill Soda Shark Tank transaction. Chill Soda was last valued at $250,000 before ceasing operations following an investment from Barbara Corcoran.

Even after its debut on the show, the firm never took off, and it was a complete disaster for Barbara because both the company and its creator struggled to generate money.

However, the firm is no longer in business and merely maintains a website where clients can place purchases.

Competitors of Chill Soda

Currently, the firm is unable to compete with other beverage makers. PepsiCo, Coca-Cola, Red Bull, Nestle, and Parle are some of Chill Soda’s main competitors.

Net worth of Chill Soda

The company net worth initially after the investment made by Barbara was valued to $2.5 million, but currently the net worth of the company is unknown.

Chill Soda FAQs

What is Chill Soda?

Chill Soda is believed to be a healthier alternative beverage line that tastes great, has half the calories of conventional sodas, and is also nutritional.

Who owns?

The company is owned by Dan Mackey, the founder.

What is their offer on Shark Tank?

Looking for $50,000 for 10% equity shares.

Did they get an offer?

Yes. Barbara made an offer of $50,000 for 20% ownership of the company.

Where are they located?

Chill Soda has its main office in Stellenbosch, Western Cape.

Is still in business?

No, the company is no longer in operation.

What happened after Shark Tank?

They was last valued at $250,000 before ceasing operations following an investment from Barbara Corcoran. Dan Mackey, the founder of the firm will never get involved with this company ever again.

What is the value of the company after the Shark Tank?

After the successful funding of the Shark Tank transaction, Chill Soda was valued at $250,000 before ceasing operations following an investment from Barbara Corcoran.

Who are the competitors of Chill Soda?

PepsiCo, Coca-Cola, Red Bull, Nestle, and Parle are some of Chill Soda’s main competitors.

How did Chill Soda get on Shark Tank?

Chill Soda got on Shark Tank after winning a contest on YouTube which allowed it to be one of the few selected companies to appear on the show.

What is Chill Soda’s phone number?

There is no phone number for this company since it is not operating at the moment.

Has Chill Soda thought about franchising?

The company has not thought about franchising until now.

How is the business model?

The company operates using a franchise model, but it has no plans to franchise at this time.

Is a company private or public?

The company has ceased operating, so it cannot be public at the moment.

How many employees does Chill Soda have?

There are no employees at Chill Soda since it has ceased operation.

Is Chill Soda hiring?

Chill Soda is not hiring at the moment.

When was Chill Soda founded?

The company was founded in 2009.

What is the address for Chill Soda?

The address is not available at this time.

What is the revenue source for Chill Soda?

The revenue source for the firm is unknown at this time.

How many hours are there in a week?

There are no employees working at Chill Soda since it ceased operations. There are no records of how many hours are worked by employees.

Does the company accept online orders?

Chill Soda does not accept online orders at this time.

Where can you find Chill Soda’s website?

The website for the company is not available at this time.

Does Chill Soda offer discounts?

There are no discounts currently set by the company itself.

Is there a store locator for Chill Soda?

There is no store locator available at this time.

What is the weakness?

The weakness of the firm is that it has no background or history.

What are the advantages?

The advantages of the firm are that it is healthy and also great tasting.

Does Chill Soda make money?

Chill Soda does not make any profits at the moment.