Saavy Naturals Shark Tank Net Worth 2023
Saavy Naturals is a line of artisan body care products that are all-natural, vegan, and made entirely from food-grade ingredients. The founders, Hugo and Debra Saavedra, appeared on Shark Tank in season 7 and asked for $200,000 for 10% of the company.
Barbara Corcoran offered them a deal of $100,000 in exchange for 40% of the firm plus $100,000 for purchase orders. They accepted the deal.
As of 2022-2023, Saavy Naturals’ net worth is estimated to be around $1.2 million. The company has been successful since its appearance on Shark Tank and has expanded its retail presence.
In 2018, they opened their first retail store in California. They also sell their products online through their own shop on Amazon. It is important to note that the net worths of the founders, Hugo and Debra Saavedra, are unknown.
What Is Saavy Naturals?
Saavy Naturals is a body care brand that exclusively uses natural, food-grade ingredients. They also follow a strict policy of not testing on animals and avoid using any ingredients that contain gluten, soy, or genetically modified organisms.
Furthermore, their products are vegan and do not contain parabens, phthalates, artificial colors, or synthetic fragrances.
The company was founded by Hugo and Debra Saavedra, who are experienced chefs and former restaurant owners. They are also passionate gardeners who value the purity and healthfulness of the ingredients they use on their bodies. Before starting Saavy Naturals, they enjoyed making their own natural soaps and lotions.
Who Is The founder Of Saavy Naturals?
Saavy Naturals was founded by Hugo and Debra Saavedra, who are expert chefs and former restaurateurs. Their passion for nourishing the body with healthy food led them to believe that the products applied to the skin should be just as beneficial.
They believe that every element that the skin absorbs should be nourishing, especially for individuals with sensitive skin.
The Saavedras are also avid gardeners who have always used herbs and flowers in their cuisine. A few years ago, they began making soaps and lotions with their home-grown herbs and flowers, and this led to the creation of Saavy Naturals.
All Saavy Naturals products are made entirely from natural, vegan, gluten-free, soy-free, palm-free, non-GMO, and ethically sourced ingredients. The soaps and lotions are made with food-grade ingredients, which means they are safe to eat.
The Saavedras believe that what happens on the inside of the body is just as important as what happens on the outside, which is why they are committed to providing products that are beneficial for the skin.
Saavy Naturals started as a popular vendor at farmers’ markets in the wider Los Angeles area before expanding to online sales via their website. Today, Saavy Naturals products can be found on Amazon and in select Whole Foods Markets, Clark’s, Lassen’s, and California Fresh Markets locations.
What Happened To Saavy Naturals At Shark Tank Pitch?
Hugo and Debra Saavedra, who used to own a restaurant and work as personal chefs, presented their line of all-natural, food-grade soaps and personal care products called Saavy Naturals on Shark Tank episode 708.
They sought a Shark to invest in their business and help them expand their manufacturing and distribution capacities.
In their introduction, Hugo and Debra welcomed viewers to their home and spoke about their shared passion for cooking and soap making.
They had previously grown another business to $10 million in revenue but lost control of it. With Saavy Naturals, they aimed to spread their enthusiasm for cuisine and beauty care worldwide.
During their pitch, they requested $200,000 in exchange for a 10% stake in their company, which was valued at $2 million. They highlighted that their products were unique as they were made from food-grade ingredients and produced in their kitchen factory.
The Sharks were given samples of their products, and Barbara complimented the soap’s flavor, describing it as “perfume and candy.” Saavy Naturals had already sold $750,000 worth of products in one year, with margins ranging from 30% to 40% and established retail relationships in Southern California, New York, and Boston.
However, the Sharks had mixed reactions. Mr. Wonderful was unimpressed with their valuation, believing the product was only worth around $400,000.
Mark withdrew his offer, stating that he believed the company was competitive with Simple Sugars, while Lori decided to leave the soap industry because of the intense competition.
Barbara asked if they would consider changing the company name, and Robert offered $200,000 for 45% equity. Mr. Wonderful reiterated his valuation, suggesting that Barbara could assist with running the business. Ultimately, Barbara offered $200,000 for 40% equity and funding for purchase orders, which Hugo and Debra accepted, securing a deal.
What Happened To Saavy Naturals After Shark Tank?
Barbara’s deal was never completed. Following the show’s airing, Saavy Naturals expanded its retail presence in Pacific City, California. They hired Cousins Maine Lobster to serve their airing party! Arcadia Biosciences acquired the firm in June 2021 for an unknown sum.
Competitors of Saavy Naturals
The following list contains the brands that are most similar to Saavy Naturals. These brands either compete with or complement Saavy Naturals in various ways.
Saavy Naturals’ primary competitors are: Simple Sugars (organic and non-organic products) and Mint Creek Farm
Net Worth of Saavy Naturals
The company valuation was $2 million during the pitch. Since the company have been acquired by Arcadia Biosciences with unknown amount and hence the company net worth is unknown.
Saavy Naturals FAQs
What is Saavy Naturals?
Saavy Naturals is a company that makes natural, vegan, non-GMO and organic soaps, lotions and beauty products. They offer these items online or at select retailers in the United States.
Who is the founder?
Saavy Naturals is co-founded by Hugo and Debra Saavedra. Hugo, a previous restaurateur and personal chef, founded the company with Debra.
How much were they seeking on Shark Tank?
They were seeking for $200,000 for 10% equity of their company.
Is Saavy Naturals in business?
Saavy Naturals is in business. The company was acquired by Arcadia Biosciences in June 2021.
Where is Saavy Naturals located?
Saavy Naturals is located in Pacific City, California.
What markets does Saavy Naturals sell to?
Saavy Naturals is sold online and at select retailers in the United States. The following are some of their retailers:
What types of products does Saavy Naturals produce?
Saavy Naturals produces soaps, lotions and beauty products.
Who is the target audience?
The target audiences of Saavy Naturals are customers who are concerned about the ingredients in their skin care products. The brand’s items are made of 100% all-natural ingredients that are certified organic, vegan and non-GMO.
What is “Food-Grade”?
“Food-grade” implies that the product contains ingredients that are safe for human consumption. This means that they are safe to eat and safe to drink.
Are Saavy Naturals eco-friendly?
Saavy Naturals claims to be “eco-friendly”. Their products are made of 100% all-natural ingredients that are certified organic, vegan and non-GMO.
These ingredients were sourced from regions such as the United States, Canada and Colombia. All of the items were made in their own manufacturing facility.
Where do I buy Saavy Naturals?
Customers can make their purchase on their website. They may also find them on Amazon, eBay or other third-party sellers.
Is Saavy Naturals cruelty-free?
Saavy Naturals is cruelty-free. The brand makes its product from 100% all-natural ingredients that are certified organic, vegan and non-GMO.
Is Saavy Naturals vegan?
Saavy Naturals claims to be vegan. Their items are made of 100% all-natural ingredients that are certified organic, vegan and non-GMO. These ingredients were sourced from regions such as the United States, Canada and Colombia. All of the items were made in their own manufacturing facility.
How do I pay for Saavy Naturals?
Saavy Naturals accepts payment from all major credit cards. Customers may also pay via PayPal and Amazon Pay.
How is the customer service department?
Saavy Naturals has a customer service department that responds to customers’ inquiries via email.
What is Saavy Naturals’ return policy?
Customers can return the item within 14 days of receiving it. They have to ship the product back and provide them with a receipt of their purchase.
What is the net worth of Hugo Saavedra?
The net worth of Hugo Saavedra is unknown.
What is the net worth of Debra Saavedra?
The net worth of Debra Saavedra is unknown.