Milk and Brookies Shark Tank Net Worth 2023
The company initially had a valuation of $500,000 at the time of its pitch and has since grown to a net worth of $2 million.
As of December 2022, the company is still active with products available in Oregon and New York, as well as a Deli Chain on the West Coast.
The annual revenue for the company is now up to $3 million dollars. This impressive growth shows that this organization has significant potential in continuing to develop its presence and offerings into the future.
What is Milk and Brookies?
Milk and Brookies is a distinctive twist on the classic brownie-cookie combination, resembling the cronut, and baked in a muffin tin.
The Los Angeles-based company quickly gained popularity with its selection of six flavors, including OG, Blondie, Turtle, Peanut Butter, Snickerdoodle, and Sugar.
Interestingly, the owners and partners of Milk and Brookies, Jovon English, Marques Brooks, Naimah Harris, and Tisa Smart-Washington, were friends before starting the business.
Jovon previously worked in private banking and then transitioned to a non-profit organization that aided homeless and mentally ill individuals who were incarcerated. Naimah had experience in healthcare, while Marques had a background in property management.
Tisa was previously employed as a deputy tax commissioner in Georgia. None of them initially pursued Milk and Brookies as a full-time career.
Currently, Jovon works in the non-profit sector during the day and manages the Milk and Brookies business at night. Marques works as a vice president of business development for a staffing agency and also runs the Milk and Brookies business. Tisa was elected as the tax commissioner and presently holds the position.
Who is the Founder of Milk and Brookies?
Milk and Brookies is a business founded by Jovon English, Naimah Harris, and Marcus Brookes in Los Angeles. The idea for the business originated from Jovon’s desire to have both a brownie and a cookie, but not being able to control the portion sizes. Jovon decided to combine the two treats and created the “Brookie”.
At the time, Jovon and her sister shared an apartment, and they were struggling with expenses. Jovon thought that if they could sell their Brookies, it would be beneficial for them to cover at least one payment.
In 2014, they began mass-producing their Brookies at a commissary bakery in Los Angeles and started selling them online. They also sold their products at festivals and pop-up stores in the greater Los Angeles area. The feedback from consumers has been overwhelmingly positive, with some even stating that the Brookies are better than adult relationships.
As a result, Milk and Brookies has gained thousands of devoted followers and is currently facing difficulties keeping up with demand.
What Happened to Milk and Brookies at Shark Tank pitch?
Marques Brooks, Jovon English, and Naimah Harris are hoping to satisfy the Sharks’ sweet tooth as they present their successful dessert business, Milk and Brookies, based in the Los Angeles area, in the sixth episode of Shark Tank.
Their aim is to secure a deal with a Shark who can provide them with the necessary capital to establish a physical location and expand their online sales capabilities.
During their pitch, Marques, Jovon, and Naimah sought a $100,000 investment in exchange for a 20% stake in their company, which is valued at $500,000.
Jovon proudly introduces the Sharks to “Brookies,” the latest dessert craze in Los Angeles, following the cronut in New York City and the cuffing in San Francisco. She describes the process of creating Brookies while offering milk samples to the Sharks.
Despite Mr. Wonderful’s initial skepticism about their wealth, the Sharks enjoyed the Brookies. The team currently only sells their products online and works part-time to fulfill orders.
Naimah shares that they manage to find time to run the business and have generated $14,000 in revenue by baking everything to order. The Brookies sell for between $14 and $17 for a six-pack and cost between 75 and 91 cents to produce.
Mr. Wonderful suggests that they should expand their offerings to include four different products and sell them at $20 for a half-dozen. Mark, on the other hand, believes they should lower their prices to $9.95 per item or $30 per dozen. He questions whether they are a business or a mere bake-sale.
Ultimately, Robert decides it’s too early for him to invest, while Barbara and Lori also pass on the opportunity. Though impressed with their enthusiasm and work ethic, the Sharks don’t see a good fit for their portfolios, and the three entrepreneurs leave the show without a deal.
What Happened to Milk and Brookies after Shark Tank?
After their first appearance, sales surged by 3000 percent despite the pitch’s failure. As of August 2021, the company was still in business and was selling its products through the Orleans and York deli chain on the west coast. As of February 2022, the company is still operational and generating $3 million in revenue annually.
Competitors of Milk and Brookies
The Los Angeles-based company that competes with Milk and Brookies are; Sweet Stuff and Full Cake Bakeshop.
Milk and Brookies FAQs
What is Milk and Brookies?
Milk and Brookies is a Los Angeles-based company that specializes in baking brownies and cookies and devouring them, too.
Who is the founder?
Jovon English is the founder of Milk and Brookies. The business began as an inability to choose between a brownie and a cookie: Jovon desired both but lacked the knowledge necessary to satisfy his appetite in a portion-controlled manner.
How much did they ask for?
They asked for $100,000 for 20% of the business, which was worth $500,000 at the time.
Did they have the deal?
No, they did not get the deal.
Is Milk and Brookies still in business?
Yes, Milk and Brookies is still in business and manufacturing homemade milk bread and cookies.
How much is the revenue of Milk and Brookies?
Milk and Brookies has $3 million revenue as of February 2022.
Where is Milk and Brookies located?
Milk and Brookies is located in Los Angeles.
What is Milk and Brookies website?
Milk and Brookies website is https://milkandbrookies.com
What is Milk and Brookies shipping policy?
Milk and Brookies is offering free shipping on all orders over $40.
What are Milk and Brookies ingredients?
Milk and Brookies is using milk bread and cookies.
What is Milk and Brookies price range?
Milk and Brookies offers its customers the following range of price: milk bread $6-$8, brownies $9-$11, and cookies $16-$20.
Is Milk and Brookies vegan?
Milk and Brookies is plant-based because they use plant-based ingredients in their cooking process.
Is Milk and Brookies kosher?
Yes, Milk and Brookies is kosher.
Is Milk and Brookies gluten-free?
Milk and Brookies is using gluten-free ingredients in its products.
Does Milk and Brookies accept credit cards?
Yes, Milk and Brookies accepts payment through all major credit card brands.
Is Milk and Brookies good?
Yes, Milk and Brookies is good.
What is the best time to contact Milk and Brookies?
The best time of the day to contact Milk and Brookies is between 10am and 5pm PT.
What is the email of Milk and Brookies?
Customers can use the following email address to send an email to Milk and Brookies: [email protected]milkandbrookies.com
How did Milk and Brookies begin?
Milk and Brookies began after Jovon English, Naimah Harris, Marques Brooks, and Tisa Smart-Washington became tired of choosing between brownies or cookies.
As a result of the expenses building up between their sibling apartments at the time, they decided to combine the two desserts into one product to save money.
Where are the founders now?
As of February 2022, Jovon English and Marques Brooks are still running Milk and Brookies as a Los Angeles-based firm.
What is the net worth of Jovon English?
The net worth of Jovon English is unknown.
What is the net worth of Marques Brooks?
The net worth of Marques Brooks is $7 million as of February 2022.
What is the net worth of Tisa Smart-Washington?
The net worth of Tisa Smart-Washington is unknown.
