Parker’s Real Maple Net Worth
Parker’s Real Maple Syrup was estimated to be worth $10 million in 2020. The company was acquired by The Forest Farmers in the same year for an undisclosed amount.
Its founder is Josh Parker, an American entrepreneur known for his innovative development of maple products.
What is Parker’s Real Maple and Who is the Founder of Parker’s Real Maple?
Parker’s Real Maple is a company that produces pure maple syrup, along with Maple Butter and Organic Maple Cotton Candy. The company uses wood pellet evaporators to produce the syrup, resulting in a pure and natural product.
While the entire syrup industry produces around 3 million gallons of pure maple syrup each year, it represents only a small fraction of the total sales of pancake syrup, as most store-bought syrups contain artificial flavors and corn syrup.
Joshua Parker, a young entrepreneur from Canton, New York, is the founder of Parker’s Maple Syrup. He developed his passion for creating maple syrup after attending a field trip to a maple farm when he was only 11 years old.
After years of experimentation, he established Parker’s Genuine Maple in 2013 to offer his unique and healthier real maple syrup to people all over the world.
Growing up in Upstate New York, Joshua’s family used genuine maple syrup to sweeten everything. He discovered that genuine maple syrup is not only delicious but also contains minerals, antioxidants, and polyphenols that make it a healthy sweetener option.
Joshua juggled his business expansion along with school and athletics. He is now 18 and looking to expand his business as he believes that the pure maple syrup industry has significant potential for growth.
Parker’s Maple Syrup Shark Tank Pitch
During his appearance on Shark Tank Season 8 Episode 5, Joshua sought $200,000 for a 20% stake in his company, which is valued at $1 million.
He presented his story and offered samples, hoping to partner with one of the Sharks to take his business to the next level. The Sharks were impressed with the product, with Kevin even sharing his own experience with making maple syrup in college.
At the time of his pitch, Joshua had generated $360,000 in sales since introducing Parker’s Maple three years prior. He expected total sales of $1.5 million by the end of 2016.
When asked what made his syrup unique, Joshua highlighted his brand’s focus on secondary products like maple cotton candy and revealed a recent $100,000 order from Costco.
However, things took a turn when the Sharks inquired about the product’s price and profit margin. Josh disclosed that it cost $8.46 to manufacture a product that sold for $11.99, prompting Robert and Kevin to criticize the narrow profit margins. Additionally, Mark Cuban was concerned about the company’s $300,000 in outstanding debt.
Despite the initial enthusiasm, all of the Sharks ultimately passed on investing in Parker’s Real Maple due to concerns about the company’s financial situation and overly optimistic sales projections.
Despite this setback, the company saw a surge in sales after the Shark Tank appearance, selling 7,000 units the week following the episode and landing deals with major retailers like Wal-Mart, Whole Foods, and Wegmans. Joshua also expanded his family, getting married and becoming a father.
In June 2020, Joshua announced that Parker’s Real Maple had been purchased by The Forest Farmers, a company that produces a range of tree syrups under the New Leaf Tree Syrups brand. Joshua remained employed by the organization as of January 2022.
What is the Net Worth of Parker’s Real Maple?
In a blog post, Joshua referred to the years after Shark Tank as “four years of rapid development.” Parker’s Real Maple Syrup was expected to be worth $10 million by 2020.
The Company was bought for an unknown sum in 2020.
Who are the Competitors of Parker’s Real Maple?
Parker’s Real Maple competes with top honey, syrup, and sweetener companies such as Pass The Honey, Zach & Zoe Sweet Bee Farm, and Savannah Bee Company.
Parker’s Real Maple FAQS
What is Parker’s Real Maple?
Parker’s Real Maple is a business whose flagship product is real maple syrup produced in small batches from organic maple trees of the United States.
Who is the founder of Parker’s Real Maple?
Joshua Parker is the founder of Parker’s Real Maple. He was an 11-year-old boy in 2009 when he decided to make real maple syrup. He has since been expanding his syrup business.
How much was he seeking in the Shark Tank?
Joshua was seeking $200,000 for a 20% stake in his company. This equates to a $1 million valuation.
Did he get the deal from the Sharks?
Joshua did not get a deal from the Sharks.
Is Parker’s Real Maple still in business?
Yes, Parker’s Real Maple is still in business but firm had been bought for an unknown sum by The Forest Farmers
How much was Parker’s Real Maple acquired for?
Joshua Parker has not disclosed the amount that his company Parker’s Real Maple was acquired for.
What is website of Parker’s Real Maple?
The website of Parker’s Real Maple is www.parkersmaple.com
Where is Parker’s Real Maple located?
Parker’s Real Maple is based in Canton, New York, United States.
What dietary restrictions apply to Parker’s Real Maple products?
Gluten-free, dairy-free, nut-free, and vegan items are available.
Are Parker’s Real Maple products kosher?
Yes! OK Kosher certification is available for all of their goods.
Which Parker’s Real Maple products are certified organic?
Parker’s Real Maple products are all organic!
What is the shelf life for Parker’s Real Maple products?
Real maple butter-2 years.
Organic Maple Cotton Candy – 2 years.
Real Maple Syrup- 3 years.
What is their average ship time?
They will pack their order as soon as feasible, which might take up to 1-3 days. From there, depending on their location, the USPS ship time is usually 3-5 days.
Do they ship to foreign countries?
They do ship to other nations, although shipping fees vary according upon location. For additional information, please contact [email protected]parkersmaple.com.
Why is their Maple Butter separated?
Because maple butter is a natural product, some separation is possible. When this occurs, simply swirl the Maple Butter and continue to enjoy as usual.
Should they refrigerate their Maple Syrup and Maple Butter?
Yes, after opening, Maple Syrup and Maple Butter should be refrigerated.
Remove Maple Butter from the refrigerator before to use for better spreading.
What is the net worth of Joshua Parker?
Joshua Parker’s net worth is unavailable.
