Proper Good Soup Shark Tank Update| What Happened to Proper Good Soup after Shark Tank?
What is Proper Good Soup?
Proper Good is a firm that manufactures 90-second microwavable heat-and-eat food pouches that are designed to give greater convenience and higher quality ingredients than other microwavable goods.
Proper good business food pouches are constructed of clear plastic that shows off their (said) superior quality contents, and the pouches do not need to be refrigerated.
Chris and Jennifer Jane, siblings, created (and still own) Proper Good. Chris and Jennifer both have a business background, with Chris attending Stanford Business School and Jennifer holding a marketing degree.
The siblings were previously involved in a “clean condiment” firm that was subsequently dissolved before establishing Proper Good Food Company.
Who is the founder of Proper Good Soup?
Chris and Jennifer Jane are the siblings, founded Proper Good. They started the company to solve an issue. They’re both very busy folks who don’t always have time to prepare good meals. They want an easy-to-prepare nutritious supper alternative, so they devised their own.
They created delectable soups in environmentally responsible packaging. They are shelf stable, yet contain no preservatives or additives, only pure, natural ingredients.
Proper Good soups are available in a range of diet alternatives, including keto, dairy-free, gluten-free, and plant-based.
Bone broth, which is believed to help enhance immunity, is a crucial ingredient in all except the plant-based soups. You may also buy bone broth on your own.
There are also four types of oats offered for breakfast. Soups come in a variety of tastes. Red Pepper and Meat Ball, Broccoli Cheddar, Southwest Chili, Chicken Noodle, Meat Ball Minestrone, and Butternut Squash are the top sellers.
You may purchase them in pre-packaged bundles or create your own soup box. If you sign up for their subscription scheme, each packet of soup costs roughly $7 – 15% cheaper.
While $7 may appear to be a lot for soup, they are essentially whole dinners. Buying an all-natural, balanced meal will undoubtedly cost extra. They now sell on their website and on Amazon.
What Happened to Proper Good Soup at Shark Tank pitch?
In Shark Tank episode 1302, Chris and Jennifer Jane, brothers and sisters, give the Sharks a sample of Proper Good, their home-delivered soup business. They want a Shark to assist them in entering food stores.
Chris and Jennifer entered the Shark Tank decked out in full Victorian regalia. They were seeking for $400,000 for a 10% stake in their company, which was worth $4 million.
They describe their business and offer the soups, which have an 8-month shelf life. They address Peter, saying they grew up watching Dragon’s Den and were thrilled to discover they’d be pitching to him.
The Sharks test their samples as they are addressing Peter. They all like the soup.
The soups range in price from $7 to $8, with free shipping. A carton of 12 soups costs $30 to manufacture and $72 to sell. In its first year of operation, they made $556,000 in sales.
They had “slightly over a million” in sales at the time of filming, which was midway through 2021. They distinguish themselves from the competition by being the only shelf stable food delivery service. The soups can even be eaten cold.
Daymond like the soup, but he isn’t enthusiastic about the business, so he’s out. Lori feels it’s too early, so she’s out too.
They state that they are losing money. The firm funded $2 million but will only make $300,000 on sales of $1.1 million. The cost of acquiring a new client is $32.
Kevin states that he has no means of understanding a customer’s lifetime worth and he also goes out. Peter Jones says that he’s previously invested in food companies, and the founders get squeezed out by all the investors; he’s out.
Mark claims that to know how to grow the firm to enormous proportions. He claims that they can reach $25 million in a few years and offers $400,000 for 25% equity shares.
The Jane counters with $400,000 for a 20% ownership of the firm, which Mark accepts, and they walk away from the presentation with a deal.
What Happened to Proper Good Soup after Shark Tank?
The deal with Mark has not been completed one month after the scheduled air date. They might not need the money: they sold three and a half months’ supply of soup in the week after their first appearance.
The company had $2 million in income for 2021 as a result of the Shark Tank influence on sales. The firm is still in business with entirely direct to consumer, with desire in retail as of January 2022.
Net Worth of Proper Good Soup
The company valuation was $4 million during the pitch, since then the company is still in business with annual revenue of $2 million as of January 2022 and hence the company net worth might have gone up.
Proper Good Soup FAQs
What is Proper Good Soup?
Proper Good Soup is a company that manufactures 90-second microwavable heat-and-eat food pouches that are designed to give greater convenience and higher quality ingredients than other microwavable goods.
Who is he founder?
The founders are Chris and Jennifer Jane, brother and sister.
How much were they seeking on Shark Tank?
They were seeking for $400,000 for 10% of the company, which was worth $4 million.
Did they have the deal?
Yes, but the deal from Mark Cuban.
How much was the deal?
Mark Cuban invested $400,000 for 20% equity shares, worth $2 million.
Is Proper Good Soup still in business?
Yes, they still in business as of January 2022.
Where is Proper Good Soup located?
Proper Good Soup is located in Pittsburgh, Pennsylvania.
Where did they source their product?
They source ingredients from all over the world such as Italy, Ukraine, Scotland and China.
What are the ingredients in their product?
The ingredients are 99% organic, sourced from all over the world. They use only 5% local produce and 11% British produce to comply with British regulations because of their presence on the UK market. The other ingredients for the products include: Pollock oil –oil extracted from ground up Pollock fish.
How much does Proper Good Soup cost?
The soups range from $7 to $8, with free shipping. A carton of 12 pouches costs $30 to manufacture and $72 to sell.
How to contact Proper Good Soup?
Where can I buy Proper Good Soup?
Pouches of Proper Good soup are available to purchase online and in grocery retailers. They are ready-to-eat, 100% vegan, and manufactured without the use of additives or preservatives.
How can I prepare Proper Good Soup?
The pouches can be microwaved for one minute, and a complete meal is served in less than two minutes. In addition to soups, Proper Good produces bone broth and instant oats for customers who prefer single-serve convenience.
The business also offers subscription services to save customers money on their purchases, but this service isn’t available everywhere.
Is Proper Good Soup appropriate nutrition healthy?
Proper Good is a terrific place to get nutritious soups that are large enough to serve as a whole meal. Proper Good’s soups are all produced with nutritious ingredients, and with a variety of distinct tastes and alternatives to suit most dietary demands, you’ll never get tired of them.
Is Proper Good Soup Delicious?
They started looking for flaws to point out, but they’re hard to come by. These soups are delectable and made with high-quality ingredients.
The soups keep for a long time and are shelf-stable, making them ideal for a fast last-minute supper. Very favorable to the environment.
How long does nice Proper Good Soup keep?
Because all of their goods are meant to be single-serve amounts, customers won’t need much time to enjoy them!
If they open it and do not eat it in one sitting, please preserve it in the refrigerator for up to three days.
Anyone can store it without refrigeration before opening it, but please maintain it at room temperature.
What is the net worth of Chris Jane?
The net worth of Chris Jane is not available.
What is the net worth of Jennifer Jane?
The net worth of Jennifer Jane is estimated at $950,000.