Magic Dates Shark Tank Net Worth | What Happen To Magic Dates After To Shark Tank
Magic Dates Shark Tank Net Worth
Magic Dates is a snack company that produces healthy snacks made from walnuts, coconut, dates, and other nutritional ingredients. The founder of Magic Dates is Diana Jarrar, who appeared on Shark Tank in season 13 seeking $150,000 for a 10% equity stake valuing the company at $1.5 Million.
She received a deal with Kevin O’Leary for $150,000 for 33.3% of her company reducing the net worth valuation of Magic Dates to about $450,000. After appearing on Shark Tank, the sales of Magic Dates increased significantly and they started receiving orders from all over the United States.
As of 2022, the estimated net worth of Magic Dates is around $450k to $600k. The business initially started in 2016 but didn’t officially launch until two years later.
In 2018, the business made $30,000 in revenue and grew that to $130,000 by 2020. The standard snack bites have an average rating of 3.9 stars from 314 reviews on Amazon.
What Is A Magic Dates? Who Is The Founder Of Magic Dates?
Magic Dates are a type of snack bite made primarily from dates. They were created by Diana Jarrar, who was inspired by the fruit she enjoyed with her family in Syria.
The snack bites are designed to be a healthy alternative to indulging in sweet treats, as they contain no added sugar and are high in fiber, antioxidants, and other nutrients. Magic Dates have been featured on ABC’s Shark Tank, but it is unclear whether or not Diana Jarrar received a deal.
Magic Dates come in various flavors and can be purchased online. They are free of dairy and gluten, non-GMO, and Kosher. The founder of Magic Dates is an Arab American woman who aims to help rewrite the current narrative surrounding Middle Eastern culture.
Diana Jarrar is the founder of Magic Dates, an LA-based company that creates snacks made from simple and nourishing ingredients. She grew up eating dates and was given them by her mother in place of candy.
Jarrar immigrated to Toronto, Canada, with her family when she was 11 years old. She then lived in Saudi Arabia before settling down in Los Angeles, California, at the age of 19. In September 2016, she started the snack business Magic Dates.
Magic Dates offers guilt-free bites that are Kosher certified and do not contain gluten, dairy, or GMOs. The website offers three combo packs: bestsellers four-pack sampler, variety eight-pack sampler, and a twelve-pack sampler. The cost varies depending on the pack selected.
What Happen To Magic Dates At The Shark Tank Pitch?
Diana Jarrar, the founder of Magic Dates, appeared on Shark Tank seeking $150,000 for 10% of her business. She explains her products to the shark.
At the shark tanks, Mark believes that the alterations in the packaging suggest a decline in sales, prompting him to withdraw his interest. Robert, in his capacity as an investor, does not perceive any growth prospects and decides to exit.
Daymond believes that the venture does not align with his expertise and chooses to pass. Lori considers returning to law school but concludes that the market is saturated and opts out.
Kevin acknowledges Diana’s impressive abilities but expresses dissatisfaction with the sales figures.
He proposes to invest $150,000 for a 33.3% stake, which Diana counteroffers with 20%. Despite Kevin’s refusal to budge on his terms, Diana eventually accepts his offer.
She ended up making a deal with Kevin O’Leary for $150,000 in exchange for a 33.3% stake in the company. However, as of November 2022, it appears that the deal has not closed.
Magic Dates is a snack food company that produces all-natural date-based snacks. The dates are gluten-free, sugar-free, and dairy-free and are nutrient-dense with each serving containing 15-20% of dietary fiber. The dates also contain antioxidants and heart-healthy omega-3 fats.
What Happen To Magic Dates After The Shark Tank Pitch?
Diana Jarrar, the founder of Magic Dates, appeared on Shark Tank in March 2022 and made a deal with Kevin O’Leary for $150,000 in exchange for a 33.3% stake in the company. After the episode aired, there was a significant increase in sales for Magic Dates. However, as of November 2022, the deal with Kevin has not closed.
Magic Dates is an all-natural date-based snack that contains antioxidants and heart-healthy omega-3 fats. Before appearing on Shark Tank, Magic Dates had listed their products in a few offline stores in Los Angeles and received positive feedback from customers who liked the taste of the snack.
The appearance on Shark Tank led to an increase in demand for Magic Dates across the United States.
While it is unclear whether or not the deal with Kevin O’Leary has closed yet, it is known that Magic Dates experienced a rapid increase in sales after appearing on Shark Tank. The challenge for Diana Jarrar will be to maintain strong sales after the hype dies down and to get repeat orders from customers.
Is Magic Dates At Still In Business?
Yes, Magic Dates is still in business as of March 2023. The company was founded in 2016 and produces a snack made from a nutritional coconut and walnut mix.
Magic Dates appeared on Shark Tank in March 2022, where Diana Jarrar pitched her product and received an investment from Kevin O’Leary. Since then, the company has continued to operate and serve across the market, generating most of its sales through social media marketing.
Magic Dates has also received positive reviews from consumers and is gaining popularity and growth over the years.
Magic Dates can be purchased directly from their official website or through Amazon, Walmart, and some other offline stores.
The product is sold at a price of $40 per pack on their website, which works on a one-time payment or subscription basis.
The brand has kept the new packaging that Diana showed on Shark Tank and now offers several flavors of Magic Dates covered in rich dark chocolate.