MobCraft Beer Shark Tank Net Worth 2023
Mobcraft Beer’s net worth was estimated to be $6 million in 2021. Since appearing on Shark Tank, MobCraft has expanded its range of distribution and now sells its beer at retailers across the country.
However, there is no information available on Mobcraft Beer’s net worth in 2023. It is important to note that predicting a company’s net worth three years into the future is difficult and subject to many variables such as market conditions, competition, and consumer demand.
Therefore, it is impossible to accurately predict Mobcraft Beer’s net worth in 2023.
What is MobCraft Beer? Who is the founder of MobCraft Beer?
MobCraft Beer is a microbrewery that allows individuals to submit their own recipes for new beers. Every month, the recipe with the most votes or pre-orders will be created.
Customers have the option to either pick up their new beer at the brewery or have it delivered once it’s ready.
Henry Schwartz established MobCraft Beer in 2011 with the idea of creating a brewery that was sourced from the crowd.
He started his entrepreneurial journey in 2005 when he co-owned and managed a skateboard store in Wisconsin. During his time in college, Henry started brewing as a hobby.
As his brewing creations became more popular, he decided to turn it into a business. Henry is now in charge of MobCraft operations, with Andrew serving as a consultant.
In 2012, on a cold winter day in Madison, Wisconsin, Henry and Andrew sat in Henry’s basement and came up with the idea of being a people’s brewer, allowing locals to create all of their recipes.
MobCraft began making beers such as Eggnostic, Arabian Date Night, and Ball & Chain Imperial IPA when it was created.
When Wisconsin’s new Crowdfunding law came into effect in 2014, MobCraft was the first business to take advantage of it.
Although they received funds via Craft fund, a Wisconsin-based Crowdfunding company, MobCraft is the most successful crowd-funded beer in history.
Wisconsin was a pioneer in enacting an investment crowdfunding law that allows investors to become equity partners in the enterprises they finance. MobCraft Beer was founded with a $75,000 investment by 52 “co-owners.”
The first three weeks of each month are dedicated to voting on a selection of recipes. Most beers are available for delivery within four weeks, although some may take longer.
The winning brew is sold in four-packs for approximately $25, and MobCraft Beer is also available across the state of Wisconsin and at two locations in Illinois.
MobCraft Beer at Shark Tank Pitch
Henry Schwartz, who is a co-owner of MobCraft Beer, appears on Shark Tank episode 727 seeking funding for his Crowdfunding/beer platform and microbrewery. Schwartz wants to expand his geographical reach and is looking for a Shark’s assistance in achieving this goal.
Schwartz enters the Shark Tank and requests $400,000 for a 16% stake in his company, which is valued at $2.5 million.
He talks about how MobCraft Beer combines crowdsourcing and craft beer and then offers the Sharks six sample brews to try. The Sharks have mixed reactions to the taste of the beer.
Mark Cuban thinks that he could get votes from his social media followers for the “sardines and chocolate chips” beer, but Schwartz clarifies that the “votes” are actually pre-orders. Gag votes seem improbable at $25 for four 20-ounce bottles of beer.
Since its inception in 2013, MobCraft Beer has sold $280,000 of the $350,000 in total sales. Schwartz anticipates sales of $500,000 this year, but he predicts a loss of $28,000 due to the construction of a new building.
However, Kevin O’Leary is opposed to the concept of constructing a new facility, arguing that MobCraft could use existing equipment by renting or leasing brewery space or outsourcing production entirely.
Despite the Sharks’ lack of enthusiasm for Schwartz’s proposal, he proceeds with the construction, which was scheduled to be completed in January 2017.
In a 2021 check-in, the brewery building is a huge success, providing pizza, sandwiches, and other pub cuisine in their taproom. The firm is still operating as of February 2022 and generates $2.5 million in annual income from the crowd funded beer.
Competitors of MobCraft Beer
A couple of competitors of MobCraft Beer include Locavore Beerworks and New Realm Brewing.
Net Worth of MobCraft Beer
The company valuation was $2.5 million during and after the pitch. Since then the company has an estimate net worth of $6 million.
MobCraft Beer FAQs
What is MobCraft Beer?
MobCraft Beer is a microbrewery that invites fresh beer recipe submissions. Each month, it make the recipe with the most votes or pre-orders.
Anyone ordering a new recipe has the option of picking it up in person at the MobCraft brewery or having it sent once it is complete.
Who is the founder?
Henry Schwartz is MobCraft co-founder, who is a keen fan of craft beer. He started brewing beer with his friends after learning the process from an online course.
How much was seeking on Shark Tank?
He was seeking for $400,000 for a 16% equity share of the company.
Did he have deal?
No, he didn’t have a deal with the sharks.
Is MobCraft Beer is still in business?
Yes, MobCraft Beer is still in business.
How much is MobCraft Beer worth?
The company has an estimated net worth of $6 million as of February 2022.
What are the ingredients of MobCraft Beer?
The ingredients consist of malted barley, hops and yeast.
How much do they cost to purchase?
The brew costs $28 and $48 in retail
Where does MobCraft Beer get its ingredients?
Their ingredients come from Wisconsin suppliers like farmers and other local businesses.
How does MobCraft work?
After user creates an account on the site, they can enter new recipes in the contest section and follow along with other beers in development.
The most popular recipe is brewed each month by MobCraft and additions are automatically added to their cart when the beer it complete and becomes available for shipping.
Is MobCraft Beer safe to drink?
The beer is safe to drink. Some of the ingredients are organic and high in nutrition value.
Is MobCraft Beer shipping?
They are shipping.
What is the shipping cost of MobCraft Beer?
Customers will have to pay $5.99 flat shipping cost.
What is MobCraft Beer website?
MobCraft Beer website address is www.mobcraftbeer.com.
How do I pay for MobCraft Beer?
Customers can pay using PayPal, credit card, debit or check.
What is MobCraft Beer email address?
MobCraft Beer email address is [email protected]mobcraftbeer.com.
What is the net worth of Henry Schwartz?
Henry Schwartz has an estimated net worth of $2 million.