Ice Chips Xylitol Candy Shark Tank Net Worth.
Ice Chips is a candy company that appeared on Shark Tank and made a deal with Mark Cuban and Barbara Corcoran. The company was valued at $1.66 million during the show, but its net worth has since grown to $5 million as of 2022.
According to another source, their net worth has reached $6.25 million after accepting a deal from Barbara and Mark. The founders are two grandmothers who have 41 grandchildren between them, and the company has generated $6 million in revenue.
What is Ice Chips Xylitol Candy and Who are the Founders of Ice Chips Xylitol Candy?
Ice Chips Xylitol Candy is a type of sugar-free snack made with Birchwood Xylitol, a natural sweetener found in fruit, vegetable fiber, and even in the human body.
This candy is specifically designed to help restore damaged enamel and eliminate germs and bacteria, leaving your breath feeling fresh. It’s also a great option for diabetics, but pet owners should be cautious as xylitol can be toxic to dogs.
The company was founded by Beverly Vines-Haines and Charlotte Clary, two entrepreneurial grandmothers who met in 1986. Beverly, a long-time romantic novelist, and celebrity ghost-writer has seven children and twenty-three grandchildren.
Charlotte, on the other hand, spent much of her youth raising her four children and dabbling in various small business operations on the side. She has 15 grandchildren.
Their first successful business venture was a line of products for treating tough skin diseases. But in 2009, they hit the jackpot with the idea for xylitol candy, and Ice Chips was born. They wanted to create a candy that was sugar-free and safe for diabetics, something that their grandchildren could enjoy.
Despite having little experience in candy-making, they started producing Ice Chips, and customers were soon clamoring for more.
Initially, only a few dozen retailers carried Ice Chips. But they engaged “the finest salesman,” and he helped them grow from 24 accounts to over 1,000. Ice Chips has become a popular and well-loved brand, but it’s worth noting that the company is not currently in operation.
Ice Chips Xylitol Candy Shark Tank Pitch
Bev and Charlotte presented their product on Season 4, Episode 9 of Shark Tank, with a request for $250,000 in exchange for a 15% stake in their company, giving a $1,666,666.66 valuation.
They showcased all 17 flavors of their sugar-free candy made with Birchwood Xylitol, a natural sweetener that is good for teeth and safe for diabetics.
The Sharks loved the product, and Bev and Charlotte were thrilled with their business venture. Barbara offered $125,000 for a 33% stake, promising to bring Ice Chips into over 3,000 big-box stores, while Mark and Barbara offered $250K for a 40% stake.
Daymond also joined the bidding war and offered $250K for 35% of the candy, stating that he would locate a manufacturer.
After careful consideration, Bev and Charlotte chose to accept Mark and Barbara’s offer, and the duo was able to sell $300,000 worth of Ice Chips after the episode aired. Though the deal with Mark and Barbara fell through, the grandmothers were unfazed as their sales continued to soar.
They invested in specialized candy production equipment to streamline their manufacturing process, and their success on Shark Tank led to an update segment in the season 4 finale, where they showcased their new capabilities.
Today, Ice Chips Xylitol Candy continues to thrive with more than double the number of wholesale clients and an annual revenue of $5 million as of November 2021.
Ice Chips Xylitol Candy Net Worth
Bev and Charlotte appeared on Shark Tank season 4 episode 9 in search of $250,000 in exchange for a 15% stake in their company. This equates to a $1,666,666.66 valuation.
They accepted an offer from Mark and Barbara of $250,000 for a 40% stake in the business which brings the valuation to $625,000.
Ice Chips Xylitol Candy Competitors
Ice Chips Candy’s main rivals are uCoffee, Bocca, Zweifel.
Ice Chips Xylitol Candy FAQS
What is Ice Chips Xylitol Candy?
Ice Chips is a sugar-free snack created with Birchwood Xylitol, a natural sweetener found in fruit and vegetable fibre and even in the human body.
Dentists presumably prescribe xylitol because it can restore damaged enamel. Another fascinating aspect of xylitol is that it eliminates germs and bacteria while leaving your breath fresh.
Who is the founder of ice Chips Xylitol Candy?
Ice Chips Xylitol Candy was founded by Bev Vines-Haines and Charlotte Clary.
How much was they seeking in the Shark Tank?
They were looking for $250,000 for 15% of the company.
Did they get the deal from the Shark Tank?
They accepted an offer from Mark and Barbara of $250,000 for 40% stake in business which brings valuation to be $625,000
Is Ice Chips Xylitol Candy still in business?
They’re still in business and Fast forward to November 2021, and they’re still in business with a $5 million yearly revenue.
What makes ice chips candy cold?
The simple solutions are: Xylitol is a sugar alcohol and a polyol. Ice Chips Candy makes use of Xylitol (produced in the United States) to gain access to health benefits, including dental and diabetes benefits.
Are Ice Chips Candy good for them?
Product Information. Ice Chips sweets, while nutritious, sugar-free, and diabetic-friendly, are nothing like the healthful candy they’ve had in the past.
Allow the Ice Chips to slowly dissolve in their mouth, covering their teeth. Dentists recommend four to eight doses of Xylitol per day to reap the maximum dental health advantages.
What are ice chips made of?
Ice Chips are sugar-free flavoured candy shards manufactured with xylitol, a natural sweetener that has no effect on blood sugar levels and is not hazardous to teeth.
When was Ice Chips Candy aired on Shark Tank?
Ice Chips Candy aired on November, 9th 2012.
Where is Ice Chips Candy located?
Ice Chips Candy, based in Tumwater, and sells its products through independent retailers, small chains, and direct-to-consumer sales.
When was Ice Chips Candy founded?
Ice Chips Candy was founded in 2009 by Bev Vines-Haines.
What are the methods of payment?
Ice Chips Candy accepts major credit cards.
What are the benefits of the product?
Ice Chips candy is a sugar-free snack with no calories and virtually no sugar, made with xylitol. Ice Chips brings dental benefits through dental health and gum health.
Why is Ice Chips Candy cold?
The simple solutions are: Xylitol is a sugar alcohol and a polyol. Ice Chips Candy makes use of Xylitol (produced in the United States) to gain access to health benefits, including dental and diabetes benefits.
Does Ice Chips Candy shipped?
Yes, Ice Chips Candy ships to US domestic residences for a flat rate of $6.95 for orders less than $75 and free shipping when they order more than $75.
What is the net worth of Bev Vines-Haines?
Bev Vines-Haines’s net worth is unavailable.
What is the net worth of Charlotte Clary?
Charlotte Clary’s net worth is unavailable.
