Dollop Gourmet Shark Tank Net Worth 2023
Heather Saffer, the founder of Dollop Gourmet, made an appearance on Season 7 Episode 27 of Shark Tank. Her objective was to secure a $75,000 investment in exchange for a 20% stake in her firm, which implied a valuation of $375,000 for her company.
During her presentation, Heather explained that her firm specializes in producing gourmet frosting spreads, and she has already secured a few deals with some well-known retailers. However, in order to scale up her operations, she needed additional funds and strategic guidance.
After hearing her pitch, Barbara Corcoran offered to invest $75,000 in exchange for a 25% stake in the company, which would value the company at $300,000. Heather accepted the offer and they shook hands, sealing the deal.
With the additional funds and guidance from Barbara, Heather was able to scale up her operations and take her business to new heights.
The exposure from the show also helped to increase the visibility of her brand, leading to even more success in the future.
What is Dollop Gourmet? Who is the Founder of Dollop Gourmet?
Dollop Gourmet is a frosting that is made entirely from natural ingredients and is free of gluten and dairy. It was created in the United States and comes in four different flavors: Hot Chocolate, Madagascar Vanilla, Peanut Butter Cookie Dough, and Sea Salted Caramel.
This frosting is not only delicious but also much healthier than the sugary and artificial alternatives that are commonly used in desserts. Dollop has removed the unnecessary ingredients from its frosting and uses only half the amount of sugar that traditional brands do.
You can purchase each flavor in a 12 oz. jar for less than $8.
Heather Saffer, the founder of Dollop Gourmet, has a degree in psychology from The College at Brockport in Clarkson, New York. She has always had a passion for sweets and cupcakes, and as a child, she began experimenting with frosting after being given some by one of her mother’s coworkers.
She developed frosting recipes that were lower in calories than the typical butter and sugar varieties, after struggling with eating issues. Despite losing her life savings of $20,000, she decided to start a new bakery.
Heather borrowed $4,000 from her parents, which helped her bakery become a success. After an unsuccessful attempt to capitalize on the cupcake trend with a cupcake catering company in 2008, she established Dollop Gourmet Cupcake Creations in Rochester, NY, and set her sights on Cupcake Wars.
Her success on the show eventually led her to close down her business and focus solely on Dollop Gourmet. By 2015, her products were available in three Whole Foods Market locations.
Dollop Gourmet Shark Tank Pitch
Heather Saffer made an appearance on Shark Tank Season 7 Episode 27 seeking a $75,000 investment in exchange for a 20% stake in her company, which valued it at $375,000. During her pitch, she handed out frosting samples and cupcakes featuring a variety of her flavors.
One of the Sharks, Mark Cuban, described himself as a “frosting freak” and was impressed with the tastes of Vanilla, Peanut Butter Cookie Dough, Sea Salted Caramel, and Hot Chocolate.
Kevin O’Leary expressed interest in how Dollop Gourmet’s frostings were sold and was impressed to learn that the product line was introduced in 85 Wegmans locations and 215 Meijer shops.
Heather also shared the story of her first failed bakery and her second successful one, which led to her Cupcake Wars victory.
Lori Greiner recognized Heather from the program and mentioned that sales had totaled $170,000 since November, with a predicted total of $200,000 for the year. Despite a 40% profit margin, the product retailed for $6.99, which might be a problem for the Sharks.
Robert Herjavec, who dislikes icing, was not enthusiastic about the product and went out. Kevin O’Leary, on the other hand, thought that Dollop Gourmet would be a great match for his Wicked Good Cupcakes business and offered $75,000 in exchange for 33 1/3% ownership.
Barbara Corcoran countered with an offer that included Lori Greiner, who would give $75,000 for a 30% stake in the company, citing her success with Daisy Cakes. However, Lori was not interested in partnering with Barbara as she did not think it was a QVC item.
Mark Cuban left the deal, claiming that he would become overweight if he owned Dollop Gourmet. Eventually, Heather and Barbara agreed on a deal for a 25% stake in the company.
Although the deal with Barbara did not materialize, the famous Shark Tank effect helped Dollop Gourmet exceed its estimated revenues for the year.
Today, Heather’s products are available at Wegmans, HEB, Meijer, Whole Foods, Metropolitan Market, Town & Country Markets, De Cicco Family Markets, Nooch Vegan Market, and online retailers like Amazon.
In June 2019, Mimac, a Canadian company, acquired Dollop Gourmet. Heather has since launched a new venture, Donald, a pet-inspired apparel company, and her cookbook is still available for purchase on Amazon.
Dollop Gourmet Net Worth
Heather Saffer appears on Shark Tank Season 7 Episode 27 in search of a $75,000 investment in exchange for a 20% stake in her firm. This equates to a $375,000 valuation.
On accepting an offer from Barbara of $75,000 for 25% stake which valuation to be $300,000.
Dollop Gourmet Competitors
There are no competitors identified for Dollop Gourmet.
Dollop Gourmet FAQS
What is Dollop Gourmet?
Dollop Gourmet is an all-natural, gluten-free, dairy-free frosting created in the United States.
Hot Chocolate, Madagascar Vanilla, Peanut Butter Cookie Dough, and Sea Salted Caramel are the four flavours available.
Who is the founder of Dollop Gourmet?
Heather Saffer is the founder of Dollop Gourmet.
How much was she seeking in the Shark Tank?
Heather was seeking a $75,000 investment for 20% equity in the company.
Did she get the deal?
She gets an offer from Barbara Corcoran at $75,000 for 25% equity.
Is Dollop Gourmet still in business?
The firm was bought by worldwide frosting producer Mimac, a Canadian company, in June 2019.
Where can they buy Dollop Gourmet?
They can find Dollop Gourmet in Wegmans, Metropolitan Market, Whole Foods and other stores.
How much does it cost?
Different flavours cost, $8.99 for 12 oz jar.
Where did the idea come from?
The idea to make frosting came to Heather Saffer while she tried to make cupcakes with her mom’s co-worker in their home at age 15.
When was Dollop Gourmet featured on Shark Tank?
Heather Saffer appeared on Shark Tank Season 7 Episode 27 on May 6th, 2016.
Who purchased the dollop frosting?
The biggest news is that Dollop Gourmet was bought less than six months ago by a fantastic Canadian firm.
They’ve been manufacturing frostings and glazes for almost forty years and are industry professionals.
Why do they use clear jars?
They believe in openness. They have the right to examine exactly what they are purchasing. It’s all a mystery with other frostings.
The only surprise with Dollop Gourmet is what delectable delicacy they’ll be creating.
Are dollop gourmet jars recyclable?
Yes! Put them in their garbage can or, even better, prepare some snacks and keep them in their empty jars. The screw-off lid is ideal for snack storage and transportation.
Where is dollop gourmet manufactured?
They are dedicated to keeping their products created in the United States.
Is dollop gourmet kosher?
Their goods are not presently certified Kosher, but they are working hard to obtain the necessary certification, so please stay tuned.
If they sign up for their email list, they’ll be the first to know when it happens!
Why is their jar not full to the top?
Their jars hold 12 oz. of frosting, which is a very healthy average.
They chose 16 oz. jars so that there is enough room in the jar for they to add all of their favourite ingredients and stir them up right in the jar. (They’re talking about them, sprinkles, chocolate chips, and coconut.)
What is net worth of Heather Saffer?
Heather Saffer’s net worth is unavailable.