Jones Scones Shark Tank Net Worth 2023
Jones Scones appeared on Shark Tank in May 2013, where founder J. Jones pitched his cream scones to the Sharks. He was seeking a $100,000 investment in exchange for 25% equity in his company, giving a valuation of $400,000.
Although Daymond John liked Jones as a person, he did not like the scones and was out of the deal. Robert Herjavec was unimpressed by the decline in sales over the past three years and wanted to know how Jones would turn things around. Mark Cuban called Jones’s response “bull crap” and also declined to invest.
Despite not securing an investment from the Sharks, Jones Scones experienced tremendous growth and success after appearing on Shark Tank.
They secured additional funding and partnerships, leading to an estimated net worth of $5 million USD as of 2023.
However, it is unclear why Jones Scones shut its doors as there doesn’t appear to be any reliable information available.
What is Jones Scones? Who is the Founder of Jones Scones?
Jones Scones is a brand that specializes in scones with a rich, creamy texture, almost like a cake. The brand is based in Denver and offers a variety of flavors, including blueberry, cranberry cream, and chocolate chip.
These scones are made with natural ingredients and can be found in Whole Foods stores and small shops in Colorado, New Mexico, and Kansas. A pack of four scones is priced at $9.99.
The founder of Jones Scones is J. Jones, a Denver native and entrepreneur. Although he initially pursued a law degree, he eventually decided to focus on his passion for creating delicious scones full-time as the brand’s popularity grew. Jones takes pride in his company and hopes to embody his values of love and kindness in his products.
Jones Scones originated from J. Jones’ love for scones during his time living in England and Scotland. While he enjoyed the taste, he found the texture to be too biscuit-like for his liking.
To create an alternative, he developed a scone with a creamy, cake-like feel. After receiving positive feedback from friends and family in Denver, he decided to launch the brand.
Jones is committed to the success of Jones Scones, and after overcoming colon cancer, he is even more dedicated to sharing his passion and hard work with the world.
Jones Scones Shark Tank Pitch
Jones made an appearance on Season 4 Episode 26 of Shark Tank, seeking a $100,000 investment in exchange for a 25% stake in his company, which valued the company at $400,000.
Jones discovered English scones during a trip to England and was so inspired by them that he dropped out of law school to pursue a career in baking.
His scones became well-known and were distributed through six Whole Foods stores, generating a monthly revenue of $5,000.
However, a mistake made by a co-packer caused a significant drop in revenue, reducing it from $113,000 per month. Although Whole Foods is willing to reintroduce the product line, Jones needs funding to restore the brand.
During the Shark Tank pitch, Daymond John described Jones as a pleasant person but did not like the scones and dropped out.
Robert Herjavec was unimpressed with the three-year drop and asked Jones about his plan to turn things around. Jones responded that he had an excellent team, which Mark Cuban and Herjavec disagreed with, calling it “bull crap.”
Lori Greiner also expressed concern about the lack of progress in the company over ten years and dropped out. Herjavec also declined to invest due to a lack of time.
Kevin O’Leary argued that the investment opportunity was not about the scones, but about money, and he could not see a way to make any, so he dropped out too.
In the end, only Mark Cuban remained interested in investing, but Jones left the Shark Tank without securing any investment. Later, Jones found a new co-packer closer to him and continued to sell his scones, gaining traction in the market.
However, in the second half of 2018, Jones closed his business after 20 years and returned to practicing law.
What is Net Worth of Jones Scones?
J. Jones appeared on Shark Tank in search of a $100,000 investment in exchange for a 25% stake in his company. This equates to a $400,000 valuation.
Who are the Competitors of Jones Scones?
There are competitors identified for Jones Scones.
Jones Scones Shark Tank Updates
Jones Scones is a company that appeared on Shark Tank in 2012134. The founder, J. Jones, pitched his cream scones to the Sharks and asked for an investment of $100,000 in exchange for 25% of his business.
Jones had been making scones while living in England and Scotland and started his own cream scone business in the United States. The Sharks were not impressed with the business and did not invest.
After the show, Jones Scones experienced setbacks due to a poor choice of co-packer and Jones’ battle with colon cancer.
Despite these setbacks, Jones Scones remained in business1. However, according to Shark Tank Blog and Mashed, Jones Scones appears to have gone out of business in 2018. The brand does not have a website and its Facebook page is inaccessible.
Jones Scones expanded and went from Denver to California, where they picked a new manufacturer. Unfortunately, this turned out to be a terrible mistake, as Jones was not able to oversee the production and the quality took a huge drop off.
Jones Scones was not able to fix the quality issue with the capital they had, and sales dropped significantly. Despite this setback, Jones Scones went from selling $37,000 worth of scones to selling $60.5 thousand to $113 thousand within a few short years of the product.
Jones Scones Shark Tank Net Worth and Pitch Details
| DETAILS | VALUES |
| Company Name | Jones Scones |
| Founder | J. Jones |
| Product | Cream Scones |
| Appearance on Shark Tank | May 2013, Season 4, Episode 26 |
| Investment Sought | $100,000 |
| Equity Offered | 25% |
| Company Valuation | $400,000 |
| Sharks’ Deals | No deals |
| Estimated Net Worth (2023) | $5 million |
| Competitors | Not specified |
| Status | Closed (2018) |
Jones Scones FAQS
What Is Jones Scones And How Does It Work?
Jones Scones is a cream scone company founded by J. Jones, who started making scones while living in England and Scotland. He was not a fan of the dry, lumpy scones that were the norm, so he started making his own cream scones with a moist, cake-like texture.
Jones Scones appeared on Shark Tank seeking an investment of $100,000 in exchange for 25% of the business. The Sharks were not impressed with the scones and did not invest in the company.
Despite the setback, Jones Scones continued to operate and expanded from Denver to California, where they picked a new manufacturer. However, this turned out to be a terrible mistake as Jones was not able to oversee the production and the quality took a huge drop off.
He was not able to fix it with the capital that they had, so they had to rebuild the brand. Jones Scones faced further setbacks when Jones was diagnosed with colon cancer and the company’s sales plummeted to $5,000 a month.
As of January 2023, Jones Scones is no longer an active company.
Who is the founder behind Jones Scones?
Jones is the man behind Jones Scones.
What Is The Story Behind Jones Scones?
Jones Scones is a company that sells cream scones. The founder, J. Jones, started making scones while living in England and Scotland and developed a taste for this traditional pastry.
He wasn’t a fan of the dry, lumpy scones that were the norm, so he started making his own cream scones with a unique recipe.
Jones Scones entered Shark Tank seeking an investment of $100,000 in exchange for 25% of the business. The Sharks were not impressed with the scones and declined to invest.
Jones Scones faced setbacks due to a poor choice of co-packer and the founder’s battle with colon cancer. The company’s sales were $113,000 per month before the setbacks, but they plummeted to $5,000 per month.
Despite the setbacks, Jones Scones continued to operate for a few years after appearing on Shark Tank. However, as of January 2023, Jones Scones is no longer an active company.
What Was The Outcome Of The Jones Scones Shark Tank Pitch?
Jones Scones founder J. Jones pitched his cream scones to the Sharks in episode 423 of Shark Tank. He asked for $100,000 for 25% of the business and stated that he had been working and perfecting the recipe for a very long time, and the products were selling like hotcakes.
However, Kevin O’Leary said “there’s nothing proprietary about making scones,” adding “this is all about money. I can’t see how I can make any.” He was out. All the other Sharks also declined to invest, but Whole Foods was still backing the scones up as long as Jones could deliver.
The Sharks were quite apprehensive due to a significant dent in sales caused by miscommunication with a co-packer. As of January 2023, Jones Scones is no longer an active company.
Did Jones Scones Receive An Investment From The Sharks?
Jones Scones founder J. Jones pitched his cream scones to the Sharks in episode 423 of Shark Tank1. Jones asked for $100,000 for 25% of the business.
The Sharks were not impressed with the scones, but Whole Foods was still backing the scones up as long as Jones could deliver. Kevin O’Leary said “there’s nothing proprietary about making scones,” adding “this is all about money. I can’t see how I can make any.” He’s out.
Jones Scones did not receive an investment from the Sharks. Jones Scones experienced tremendous growth and success after appearing on Shark Tank, securing additional funding and partnerships, leading to an estimated net worth of $5 million USD as of 2023.
However, in the second half of 2018, Jones closed his business after 20 years and returned to practicing law.
What Happened To Jones Scones After Its Appearance At The Shark Tank?
Jones Scones appeared on Shark Tank seeking a $100,000 investment in exchange for 25% of the business. The Sharks were not impressed with the scones, and Kevin O’Leary said “there’s nothing proprietary about making scones,” adding “this is all about money.
I can’t see how I can make any.” He’s out. Jones Scones did not receive an investment from the Sharks. Whole Foods was still backing the scones up as long as Jones could deliver, but the company faced setbacks due to a poor choice of co-packer and the founder’s battle with colon cancer.
Jones Scones sales plummeted to $5,000 a month after the cancer diagnosis and a slip with his packer.
How much was he seeking in the Shark Tank?
Jones was seeking $100,000 in exchange for a 25% stake in the company. This equates to a $400,000 valuation.
Is Jones Scones still in business?
J returned to his law practice. He originally planned to do “scones by day, law by night,” but we don’t know what he’s up to today. Jones Scones is no longer in operation.
How much was Jones Scones sold for?
A four-pack of scones costs $9.99 online and at retailers like Whole Foods.
When was Is Jones Scones aired on Shark Tank?
- Jones appeared on Shark Tank Season 4 Episode 26 on May 17th, 2013.
When did Jones Scones go out of business?
Jones Scones closed in 2018.
Where is J. Jones now?
J returned to his law practice. He originally planned to do “scones by day, law by night,” but they don’t know what he’s up to today.
Where was Jones Scones located?
Jones Scones was located in Denver, Colorado.
What was ingredients of Jones Scones?
The ingredients of Jones Scones included wheat flour, butter, eggs, cream cheese, and a starch.
Where can they learn more about Jones Scones today?
They can visit Shark Tank season 4 episode 26.
Were Jones Scones ingredients natural?
Yes. The ingredients were entirely natural and safe.
What was Jones Scones’s revenue?
Jones Scones had a monthly revenue of $113,000 when they appeared on Shark Tank. This number has dropped by almost 50% after making a mistake with their co-packer.
What were the flavours Jones Scones?
The flavours of Jones Scones included blueberry, cranberry cream, and chocolate chip.
What is the net worth of J. Jones?
- Jones’s net worth is unavailable.
Where was J. Jones sold?
Jones Scones were sold online and in Whole Foods.
Are Jones Scones still available today?
No. Jones Scones are no longer available. J returned to his legal career, and the company has been closed.
