Sanaia Applesauce Shark Tank Net Worth 2023
As of 2023, the net worth of Sanaia Applesauce is unknown. However, at the time of its appearance on Shark Tank, Sanaia Applesauce was valued at around $600,000 after a deal with Mark Cuban. Another source states that the valuation was $1 million when it appeared on Shark Tank.
During Season 10 of Shark Tank, Keisha Smith-Jeremie sought a $150,000 investment in exchange for a 15% equity stake in her company. Mark Cuban offered her $150,000 for a 25% share in the business.
However, the deal was never finalized. After Shark Tank, Keisha raised $750,000 and took notes to fund her business.
What is Sanaia Applesauce? Who is the founder of Sanaia Applesauce?
Sanaia Applesauce is a premium apple sauce that takes inspiration from the fruits of the Old World, offering a perfect combination of tartness, sweetness, and tanginess that tantalizes the taste buds.
Using only organic ingredients, including sulfur dioxide, Sanaia Applesauce is processed in an FDA-registered facility to ensure its safety for consumption by you and your loved ones.
Keisha Smith-Jeremie founded Sanaia Applesauce, building upon her success as a professional in human resources for a Fortune 500 company while pursuing her entrepreneurial dreams.
The idea for the applesauce was sparked during her time as a homesick college student at the University of Virginia, where she infused her recipe with the tastes of her childhood in the Bahamas, incorporating guava and tamarind fruits.
Today, Sanaia Applesauce offers a unique and mature twist on traditional apple sauce, featuring flavors like guava and lavender pear that appeal to grown-up tastes.
With a texture reminiscent of apple pie and a commitment to plant-based, dairy-free, and nutritious snack options, Sanaia Applesauce is poised to disrupt the $900 million apple sauce industry.
While it may come at a premium price of $19.99 for a four-pack of 7.75 ounce jars, Sanaia Applesauce is a delicious and wholesome choice for those seeking a more elevated snack experience.
Sanaia Applesauce Shark Tank Pitch
After completing the invention of her product, Keisha decided to pitch the Shark Tank investors in order to expand distribution and increase production runs.
During the pitch, Keisha offered a 15% stake in her company for $150,000, valuing the company at $1 million.
She shared her story and pitch with the investors, mentioning that she had conducted extensive research and run a successful six-month proof-of-concept test that generated $40,000 in revenue.
Keisha planned to sell her product on Amazon and had received interest from large corporations. She intended to use glass jars or plastic cups similar to foil-topped yogurt containers as packaging.
Barbara offered Keisha $150,000 for 75% ownership of the company, which Keisha declined. Kevin expressed concern about Keisha’s full-time job, but she explained that she wouldn’t risk her family’s security.
Mark made an offer of $150,000 for 25% equity in the company, which Keisha accepted.
However, Keisha’s contract with Mark didn’t come to fruition because she celebrated too early during the pitch.
Keisha went ahead with the yogurt cup-style packaging and successfully got her product into Walmart, Aldi, and other supermarkets.
Due to the COVID-19 pandemic, Keisha stopped production of her product in 2020, but she hopes to make it again someday.
Her products are no longer available at Aldi or Walmart, Amazon, or her website. Nonetheless, the company is still operational as of November 2021 and generates an annual revenue of $4.5 million.
Net Worth of Sanaia Applesauce
The company was valued at $1 million during the pitch. Since the pitch the company has been selling their product with revenue of $4.5 million in 2021, this shows that the company net worth has elevate.
Sanaia Applesauce FAQs
What is Sanaia Applesauce?
Sanaia is a wholesome apple sauce that is blended with guava and tamarind to make it tangy, sweet, and tart all at the same time. The product is easy to eat and use as a snack or a side dish.
Who is the founder?
Keisha Smith-Jeremie is the founder of Sanaia Applesauce. She was a successful professional woman prior to her foray into business.
How much was asking on Shark Tank?
Keisha was seeking for $150,000 for 15% equity stake of her company for a $1 million valuation.
Did she get the deal?
Yes, she got the deal of $150,000 for 25% equity in the company from Mark Cuban, but they never finalized their deal.
Is Sanaia Applesauce still in business?
Sanaia Applesauce is still in business as of November 2021, with revenue of $4.5 million.
What are the ingredients of Sanaia Applesauce?
The main ingredients in Sanaia Applesauce are apples, honey, guava, tamarind fruit and spices like clove, cinnamon and nutmeg.
How much does it cost?
Sanaia Applesauce is priced at $19.99 for four packs of 7.75 ounce jars.
Where can you purchase this apple sauce?
Sanaia Applesauce is sold in major grocery stores such as Walmart, Aldi and other supermarkets nationwide. Customers can purchase them online on Amazon as well as through their website.
What does Sanaia Applesauce do?
Sanaia Applesauce can be used as a snack for kids or an adult alike. Sanaia Applesauce has an orange-tangerine flavor that appeals to both young and old.
How do I pay?
Customers can pay through credit cards and PayPal on their website.
How are they different from other brands?
While most apple sauces focus on the apple, Sanaia Applesauce focuses on the adult palate while retaining the simplicity of childhood nostalgia.
As it combines various flavors like tangy, sweet and spicy at the same time, it is unlike any other apple sauce available in the market today.
Is Sanaia Applesauce safe?
Sanaia Applesauce is entirely free from artificial colors, artificial flavors, gluten and preservatives. Sanaia has been tested by the most professional laboratories and is certified organic, kosher and vegan.
Is Sanaia Applesauce verified?
Sanaia Applesauce has received its official certification from the USDA. The product is also registered with the FDA food safety system in accordance with the standards set forth by California Department of Health Services.
What is the net worth of Keisha Smith-Jeremie?
The net worth of Keisha Smith-Jeremie is unknown.
