Frescos Naturales Shark Tank Net Worth
What Is Frescos Naturales Shark Tank And Who Founded Frescos Naturales Shark Tank?
Frescos Naturales is a line of Latino-inspired sparkling drinks founded by Juan Stewart in 2018.
The idea for the company came from Stewart’s childhood memories of drinking rosa de jamaica in La Antigua, Guatemala.
In 2018, after selling rosa de jamaica at local farmers’ markets, he decided to create a line of sparkling drinks inspired by his Latin American culture.
The Frescos Naturales lineup includes six flavors: Sparkling Hibiscus Drink, Sparkling Tamarind Drink, Sparkling Passion Fruit Drink, Sparkling Pineapple Drink, Sparkling Guava Drink, and Sparkling Mango Drink.
Juan Stewart appeared on Shark Tank in season 14 to pitch his business and its prospects for growth. He asked for $130,000 for 8% equity and received an offer of $130,000 for 25% equity from the Sharks.
The Shark Tank Blog provides updates on entrepreneurs who have appeared on the show. As of March 2023, there is no update on the progress of Frescos Naturales since its appearance on Shark Tank.
What Happened to Frescos Naturales At Shark Tank?
Frescos Naturales is a company founded by Juan Ignacio Stewart in December 2020. They offer natural Latin American special drinks and were seeking a $130,000 investment for 8% equity (estimated valuation of $1.625 million) on Shark Tank USA Season 14 Episode 12, which aired on January 20, 2023.
The Shark, Daniel Lubetzky, made a counteroffer of $130,000 for 25% equity (estimated valuation of $520,000) which the founder accepted. The business is currently still in operation and the deal was successfully closed.
What Happened to Frescos Naturales After Shark Tank?
Frescos Naturales is a Latin American-inspired sparkling water company that appeared on Shark Tank Season 14 and made a deal with guest shark Daniel Lubetzky. There is no information available on what happened to the company after Shark Tank.
On January 20, 2023, after the airing of the Shark Tank episode featuring Frescos Naturales, the website drinkfrescos.com experienced a crash, potentially due to a high volume of traffic. It is estimated that thousands of visitors may have attempted to access the website at the same time, causing it to crash.
Frescos Naturales Shark Tank Net Worth
Frescos Naturales” had a net worth of around $520,000 as of 2023. The company appeared on Shark Tank show in January 2023 and secured additional funding and partnerships, leading to its estimated net worth.
The founder of Frescos Naturales, Juan Ignacio Stewart, has a net worth of 375,000 USD as of 2023.
As per, the market size of Frescos Naturales is not mentioned but it is estimated to be worth $520K. During the Shark Tank pitch, Juan Ignacio Stewart asked for $130k for 8% equity in his Latin American-inspired sparkling water business.
Daniel Lubetzky invested $130k in exchange for 25% equity in “Frescos Naturales”. After the episode aired, the drinkfrescos.com website crashed due to heavy traffic.
Is Frescos Naturales Still In Business?
Yes, Frescos Naturales is still in business as of January 2023. The company is a Latino-owned beverage company that specializes in making refreshing and healthy Aguas Frescas using fruits, grains, seeds, flowers, and water.
The brand offers various flavors such as Sparkling Rosa de Jamaica, Sparkling Tamarindo, Sparkling Maracuya, Sparkling Piña, Guayaba, and Sparkling Mango. The products are available on the Frescos Naturales website and at Boulder area cafés, restaurants, and delis.
Frescos Naturales reached an all-time annual high in gross revenue sales for 2022 and is expected to reach an even higher milestone in 2023.
Juan Ignacio Stewart moved to America from Guatemala and created a line of fruity sparkling water to offer a better product than what was available in the Latin American beverage market.
Juan runs the Frescos Naturales business very well along with his sauce company Green Belly Foods. He has been exploring the food and beverage industry for many years and is his brother-in-law’s partner in a new beverage business.
In conclusion, Frescos Naturales is still in business as of January 2023. The company offers healthy beverages with various flavors that are available on its website and at Boulder area cafés, restaurants, and delis.
