Frozen Farmer Shark Tank Net Worth 2023
The estimated net worth of Frozen Farmer is $5 million as of 2022. The company has expanded its ice cream business to 169 shops and supplies vegetables to retailers.
All Kroger stores and Shop & Stop stores have signed a deal with Frozen Farmer, and the company is available in more than 8,000 stores. Before entering Shark Tank, revenue earned by Frozen Farmer every year was $300,000.
Now, after appearing on Shark Tank, Frozen Farmer earns around $1 million every year. They have purchase orders of $15 million currently.
Frozen Farmer’s valuation during the show was $625,000 which got updated to $416,666.6 on the show. Lori Greiner signed a contract with Frozen Farmer after the show.
The company capitalized on its relationship with Giant Food Stores throughout the six months from recording to transmission. In 2022, they also raised $2.5 million from WSFS bank on a line of credit.
What is Frozen Farmer? Who is the Founder of Frozen Farmer?
Frozen Farmer is a specialized restaurant and retail business that provides a wonderful option for health-conscious individuals who enjoy ice cream. Their ingredients are always 100% fresh and free from any artificial additives or sweeteners.
Founded by Katey Evans and her family, Frozen Farmer is a registered Women Owned Small Business with a license from the Women’s Business Enterprise National Council.
The inspiration for their business came from their family farm, where they strive to reduce wastage by using mismatched vegetables to create delicious frozen treats. They are committed to promoting sustainability in the food system.
Frozen Farmer offers a range of products for all occasions, and their ingredients are always fresh and organic. They do not use any preservatives or artificial additives, making their products a healthy choice for consumers.
Katey Evans and her family own both the farm and the ice cream shop, and they consider themselves to be both farmers and chefs. They grow many of the ingredients used in their products on their family farm.
Frozen Farmer’s seven flavors include Strawberry-Rhubarb-Calamansi Frozen Yogurt, Banana-Peanut Butter Frozen Yogurt, Strawberry-Blueberry Frozen Yogurt, Mango Frozen Dessert, Assorted Fruit Frozen Desserts, and Assorted Fruit Iced Tea.
Frozen Farmer’s products are available at their roadside stand in Bridgeville, Delaware, as well as on their website and mobile ice cream truck.
They can also be found in around 200 local grocery stores and a dozen eateries. Customers are invited to watch the Frozen Farmer team transform farm-grown food into delicious ice cream in their open kitchen.
Many customers have encouraged the Evans to try out for Shark Tank since they first opened their doors.
Table Summary: Frozen Farmer Shark Tank
| INFORMATION | DESCRIPTION |
| Net worth (2022) | $5 million |
| Business expansion | Expanded to 169 ice cream shops and supplies vegetables to retailers |
| Store deals | All Kroger stores and Shop & Stop stores signed a deal with Frozen Farmer, available in more than 8,000 stores |
| Revenue before Shark Tank | $300,000 per year |
| Revenue after Shark Tank | $1 million per year |
| Purchase orders | $15 million |
| Valuation during pitch | $625,000 |
| Updated valuation on show | $416,666.6 |
| Investor on Shark Tank | Lori Greiner |
| Fundraising | Raised $2.5 million from WSFS bank on a line of credit in 2022 |
| Founders | Katey Evans and family |
| Flavors | Strawberry-Rhubarb-Calamansi Frozen Yogurt, Banana-Peanut Butter Frozen Yogurt, Strawberry-Blueberry Frozen Yogurt, Mango Frozen Dessert, Assorted Fruit Frozen Desserts, and Assorted Fruit Iced Tea |
| Competitors | Ruth’s Chris Steak House, Dairy Queen, El Pollo Loco, Oberto’s Sandwich Shop, Frozen Pizzeria & Gourmet Pizza Company, Auntie Anne’s Pretzels and Mojo Fresh Foods |
| Partners | Kroger, Walmart, STOP &SHOP, Giant, City Market, FredMeyer, fru’s, Baker’s |
Frozen Farmer Shark Tank Pitch
Katey Evans developed a product called Frozen Farmer and took action to market it to investors on Shark Tank to scale her business.
She sought the assistance of a Shark to find a co-packer that would enable her to sell her products nationally. During her pitch, she asked for $125,000 for a 20% stake in her company, which was valued at $625,000.
Katey provided samples of her product and explained that she had goods in 70 Delaware stores, generating $300,000 in sales in 2019. 15% of the revenue came from Delaware grocery stores, and the rest came from wholesale and farm stand sales.
Some Sharks, including Mark, Robert, Daymond, and Kevin, enjoyed the ice cream but were concerned about the brand’s ability to expand beyond the local level.
Lori and Bethenny remained on the pitch, and Katey urged Lori to make an offer. Lori liked the product but not the packaging or marketing plan, so she offered to help Katey improve them.
Lori then offered $125,000 for 30% ownership of the firm at a valuation of $416,667, which Katey accepted, and they closed the deal.
After the pitch, the company signed a contract with Lori and used its relationship with Giant Food Stores to sell its products in all 169 locations in Pennsylvania, Maryland, Virginia, West Virginia, and Washington, D.C.
The firm also began selling directly to customers online and increased manufacturing for countrywide distribution. The company’s yearly revenue in 2021 was estimated to be $1 million.
The firm rebranded its frozen yogurt and sorbet hybrid, Frobet, and it is now available in 4300 Walmart stores. The company is also available at Stop & Shop and every Kroger location.
Prior to Shark Tank, the firm had around $300,000 in revenue. Currently, the firm earns more than $1 million per year and has $15 million in committed purchase orders. The deal went smoothly, and the firm is expanding on its own.
Competitors of Frozen Farmer
The company competes with Frozen Farmer is like; Ruth’s Chris Steak House, Dairy Queen, El Pollo Loco, Oberto’s Sandwich Shop, Frozen Pizzeria & Gourmet Pizza Company, Auntie Anne’s Pretzels and Mojo Fresh Foods.
Partners of Frozen Farmer
Frozen Farmer have partners that are doing business together as like; Kroger, Walmart, STOP &SHOP, Giant, City Market, FredMeyer, fru’s, Baker’s among others.
Net Worth of Frozen Farmer
The company was valued at $625,000 during the pitch and after the Lori investment the company valued at $416,667, alongside the company have made several sales which it has make the company valuation to rise in 2021.
Frozen Farmer Shark Tank Updates
Frozen Farmer is a brand that sells healthy and tasty ice creams, sorbet, and “nice creams” made from 20% of unsold farmers’ produce that is not sold due to aesthetic reasons.
The company was founded by Katey Evans, a farmer’s wife from Delaware, who wanted to avoid food waste by transforming misfit produce into delicious frozen desserts.
Frozen Farmer’s ice cream comes in 31 different flavors, sorbet in 8 flavors, and nice creams, a product made from sorbet and ice cream combined, in 4 flavors.
Frozen Farmer appeared on Shark Tank in Season 11 and made a deal with Lori Greiner for $125,000 for 30% equity.
After partnering with Lori Greiner, Frozen Farmer made some changes to its product. Instead of “nice cream,” the frozen dessert name was changed to frobert and the packaging was changed.
The company expanded to Walmart, Kroger, Giant, and other retailers, and the brand sells online, which was a lifeline during the pandemic.
In addition, Frozen Farmer leveraged its Kroger partnership by sponsoring JTG Daugherty Racing’s No. 47 Camaro ZL1 for the 2022 NASCAR Cup Series, increasing the brand’s exposure.
As of 2023, Frozen Farmer is still in business and has expanded to more than 8,000 stores. The company has also started selling different flavors online and raised $2.5 million from WSFS bank on a line of credit in 2022.
Lori Greiner forecasted that they would be touching the target of $20 million by the year-end of 2022. Frozen Farmer has moved toward direct-to-consumer sales through the Frozen Farmer website but has not shifted away from grocery stores.
The company’s ice cream is now available in all 169 Giant Foods stores.
Frozen Farmer FAQs
What Is Frozen Farmer Shark Tank?
The Frozen Farmer is a line of ice cream and “nice cream” made from misfit fruits that would otherwise go to waste. The company was founded in 2015 by Katey Evans, who wanted to avoid food waste on her third-generation family farm in Bridgeville, Delaware.
The Frozen Farmer offers 31 ice cream flavors, 8 sorbet flavors, and 4 “nice cream” flavors. The company’s products are made from premium, locally sourced ingredients, many of which come from the family farm.
The Frozen Farmer sells its products from a roadside stand at the farm, on the company website, and from a mobile ice cream truck. The company is also in about 200 area grocery stores and a dozen or so area restaurants.
The Frozen Farmer appeared on Shark Tank in March 2021 and made a deal with Lori Greiner for $125,000 in exchange for 30% equity. Following the show’s air date, the company experienced a quick rise in popularity and needed capital to meet growing inventory needs.
The company struck a deal with WSFS to secure funding to focus on inventory build and stay ahead of production. The Frozen Farmer’s mission is to create delicious, decadent frozen desserts using recipes from the third-generation family farm and to build a more sustainable food system by using misfit fruits.
How Does Frozen Farmer Shark Tank Works?
Frozen Farmer is a farm-to-table ice cream company that uses misfit fruits to create its products. The company was founded by Katey Evans and her husband Kevin in 2015 to reduce waste on their third-generation family farm in Bridgeville, Delaware.
They started turning 20% of their produce that did not make it to market due to aesthetic reasons into super-premium ice cream and sorbet.
Frozen Farmer has 31 ice cream flavors, 8 sorbet flavors, and 4 “nice cream” flavors, all made from premium, locally sourced ingredients, many of which come from the family farm.
Frozen Farmer appeared on Shark Tank in March 2021 and secured a deal with Lori Grenier. The company was in need of capital to meet growing inventory needs after a quick rise to popularity following the show’s air date.
The company sells its products from a roadside stand at their farm, on the company website, and from their mobile ice cream truck. They are also in about 200 area grocery stores and a dozen or so area restaurants. Katey likely wants a Shark to help her expand retail distribution.
Frozen Farmer petitioned for $125,000 in exchange for 20% equity on Shark Tank. The company’s goal was to get help with a “copacker”. After securing a deal with Lori Grenier, the company struck a deal with WSFS Share to secure funding to focus on inventory build and stay ahead of production.
What Happened To Frozen Farmer After Shark Tank?
Frozen Farmer is a Delaware-based creamery that creates frozen desserts from misfit fruits. The company was founded by Katey Evans and her husband, Kevin, in 2015.
The couple came up with the idea of using misfit fruits to make ice cream as a way to reduce food waste on their third-generation family farm. Frozen Farmer’s ice cream comes in 31 different flavors, sorbet in 8 flavors, and nice creams, a product made from sorbet and ice cream combined, in 4 flavors.
Frozen Farmer appeared on Shark Tank in 2020 and made a deal with Lori Greiner for $125,000 for 30% equity. After partnering with Lori Greiner, Frozen Farmer made some changes to its product. Instead of “nice cream,” the frozen dessert name was changed to frobert and the packaging was changed.
The company expanded to Walmart, Kroger, Giant, and other retailers. In addition, the brand sells online, which was a lifeline during the pandemic. Frozen Farmer leveraged its Kroger partnership by sponsoring JTG Daugherty Racing’s No. 47 Camaro ZL1 for the 2022 NASCAR Cup Series.
In a 2021 episode of Shark Tank, Lori Grenier made a deal with Katey Evans of The Frozen Farmer. After a quick rise to popularity following the show’s air date, the woman-owned company was in need of capital to meet growing inventory needs.
Frozen Farmer partnered up with Giant Food Stores and blew up. However, due to the COVID-19 pandemic, they were unable to get the ice cream from their warehouse to the grocery stores, resulting in tons of inventory.
In a Season 12 update, it was revealed that Katey has moved toward direct-to-consumer sales through the Frozen Farmer website, but has not shifted away from grocery stores.
What Is The Current Valuation Of Frozen Farmer Shark Tank?
The current valuation of Frozen Farmer Shark Tank is $5 million as of 2022. During the show, the valuation was $625,000, which was later updated to $416,666.6.
Frozen Farmer is a Delaware-based third-generation family farm that creates ice cream, sorbets, and Froberts from their fruits and vegetables. The company uses 20% of the unsold farmers’ produce that is not sold because of aesthetic reasons.
Frozen Farmer’s ice cream comes in 31 different flavors, sorbet in 8 flavors, and nice creams, a product made from sorbet and ice cream combined, in 4 flavors. The company has expanded its ice cream business to 169 shops and supplies vegetables to retailers.
Frozen Farmer is available for sale at the official farm in Bridgeville, Delaware, on the company’s website, and fill ice cream trucks. It is also available at 200 area grocery stores and over a dozen restaurants.
Is Frozen Farmer Shark Tank Still In Business?
Yes, Frozen Farmer from Shark Tank is still in business and has expanded its sales nationwide. Frozen Farmer is now stocked at Walmart and Kroger stores, and 8,000 stores total in all 50 states and Puerto Rico.
The company has experienced unbelievable success and has had an amazing year since appearing on Shark Tank. Frozen Farmer has also partnered with JTG Daugherty Racing’s No. 47 Camaro ZL1 for the 2022 NASCAR Cup Series, which increases the brand’s exposure.
Shark Tank Recap also confirms that Frozen Farmer is still in business and has moved towards direct-to-consumer sales through the Frozen Farmer website, but has not shifted away from grocery stores. The company’s ice cream is now in all 169 Giant Foods stores.
After partnering with Lori Greiner, Frozen Farmer made some changes to its product. Instead of “nice cream,” the frozen dessert name was changed to frobert, and the packaging was changed.
The company has expanded to Walmart, Kroger, Giant, and other retailers, and the brand sells online, which was a lifeline during the pandemic.
What is Frozen Farmer?
Frozen Farmer is a Delaware-based family ice cream company that features ultra-premium, artisanal frozen treats.
Who founded Frozen Farmer?
Katey Evans, Katey Evans’ mother, takes care of the farm. Her brother helps with the business and production.
Katey Evans started working in the family business in 2010, before starting her own business in 2015. The firm was formally incorporated in 2016.
What is her offer on Shark Tank?
Katey Evans was asking for $125,000 for 20% of her company, which is valued at $625,000.
What was the outcome of the pitch?
Katey accepted Lori Greiner’s offer of $125,000 for 30% ownership of the firm at a valuation of $416,667.
Is still in business?
Yes, the firm is still operating.
How much revenue does she have?
The firm has been growing, and the company will have sales of $1 million in 2021. The firm has already begun selling directly to customers online and is increasing manufacturing for countrywide distribution.
Is her product featured on Shark Tank?
Yes, right after the commercial aired, Lori introduced them on The Dream Carpets Hour.
What is the daily revenue of Frozen Farmer?
There are no official statistics yet about their revenue but there are rumors that they are earning high figures each year.
The company has its products available in around 200 local grocery stores and several restaurant chains.
How is the business model?
The company’s primary business is frozen treats sold at their production facility. They also sell their goods online, through major retailers like Walmart and Kroger, and directly to consumers.
What is their website?
Their website is frozenfarmer.com.
Who are their customers?
The customers are mainly families, restaurants, grocers, and restaurateurs.
The company offers ice cream flavors like pralines & crème, pistachio nutella, cookies & cream, mint chocolate chip, waffle cones, cones topped with fresh fruits or yogurt-based sorbets.
What is their product line?
Frozen Farmer makes frozen dairy treats out of yogurt and uses seasonal fruit flavors to create unique combinations.
Is safe to buy online?
Yes, the company offers their products both online and through retail channels.
What is their license?
Their license is to sell food items.
Who are their competitors?
Ruth’s Chris Steak House, Dairy Queen, El Pollo Loco, Oberto’s Sandwich Shop, Frozen Pizzeria & Gourmet Pizza Company, Auntie Anne’s Pretzels, Mojo Fresh Foods.
Is Frozen Farmer able to ship internationally?
Yes, they can ship internationally if they have a valid license to do so.
What is the net worth of Katey Evans?
The net worth of Katey Evans is estimated at $ 200 million.
