Snarky Tea Shark Tank Net Worth 2023
Jenni-Lyn’s business, Snarky Tea, has experienced incredible success since she initially sought $150,000 for a 25% stake.
Kevin and Bethenny saw something special in Jenni-Lyn’s business and ended up offering her double the amount for a 50% stake – valuing the company at an impressive $300,000.
As of August 2022, Snarky Tea is still thriving with revenues around $1 million and a net worth of $2 million. Her hard work and dedication is certainly paying off!
What is Snarky Tea?
Snarky Tea is a tea brand that focuses on providing a bold and sassy tea-drinking experience. Their teas have edgy names like The Fk Up, Get Your Sh*t Together, Namaste Mother Fker, Calm The Fk Down, Fierce B*tch, and Get Your A In Bed.
The company was founded by Jenni-Lyn Williams in 2016, who is known as the Chief Snark Officer. Williams, a native of Philadelphia, struggled with stress and anxiety while completing her MBA and raising her children. She consumed more coffee as she became more agitated, which only worsened her symptoms.
After consulting her doctor, she was advised to switch to tea to reduce her caffeine intake. However, she found that most tea brands in stores did not cater to her personality and were not suitable for real women.
This inspired her to create Snarky Tea, which offers a wide range of tea blends that are tailored to various needs and personalities. Williams sources her tea from an FDA-registered importer in China and blends it in a USDA-licensed facility in Philadelphia.
Snarky Tea products can be purchased from independent tea stores across the country, with most of the dealers located in the northeast. They are also available on Amazon and the company’s website, with each tin costing $12.99 and containing 15 sachets of full leaf tea.
The blends vary in taste, caffeine levels, and health benefits, including teas that help with calming or hangovers.
What happen to Snarky Tea at the Shark Tank Pitch?
Jenni-Lyn, who is heavily pregnant, arrives and demands $150,000 in exchange for a 25% share in her business, which values it at $300,000. The Sharks are amused when she explains her products and she offers them samples.
Mr. Wonderful notes that the tea is designed for women only after they have taken a calming supplement called Calm. Down with the F**k. Jenni-Lyn claims it’s intentional, but Kevin is concerned about alienating half the market.
Bethenny points out that women purchase most of the tea in households, but Robert and Mark buy tea regularly as well. Jenni-Lyn responds that she is selling both tea and attitude.
The discussion becomes more interesting when they talk about sales statistics. Jenni-Lyn has made over $200,000 in sales in the past eight months, with 85% of sales coming from her website and 15% from about forty physical locations.
When Kevin asks about customer acquisition costs, Jenni-Lyn reveals that it costs $11 per customer. Bethenny questions the retail price of Snarky Tea, which is $12.99 for a package of 15 sachets, and deems it too expensive.
Mark asks about the cost of producing one box, which Jenni-Lyn says is $4.34. Lori doesn’t think the gimmicky branding is sustainable in the long term, so she passes. Robert says the business is too specialized for him, while Mark believes Amazon will create its own tea brand and outcompete Jenni-Lyn, so he also declines.
Only Kevin and Bethenny are left, and they both offer to invest $150,000 for a 50% stake. Jenni-Lyn proposes they settle for a 42% share, but they decline. After some hesitation, Jenni-Lyn agrees to the original deal, and they make the trade.
Snarky Tea after the Shark Tank Pitch
Snarky Tea has completed their transaction with Kevin and Bethenny, although they have yet to make a public announcement about it. Despite Bethenny’s reservations, Jenni-Lyn has stayed true to her message and is selling mugs with the phrase “It’s Mutherf**cking Tea Time!” printed on them.
In addition to this, the company has introduced a monthly membership service. In April of 2020, Snarky Tea acquired BRUW, a cold coffee filter device that was featured in season 10. Jenni-Lyn repurposed the device into an iced tea maker.
Kevin O’Leary has been actively promoting Snarky Tea, while Mark invested $50,000 for a 25% stake in BRUW, although the purchase price was not disclosed.
Around the time of the acquisition, Snarky Tea released their “Feel Good” teas, which include varieties such as “Cleanse” and “Detox”, which are similar to the original Snark teas.
As of June 2021, the company is still operating and has generated approximately $1 million in revenue.
Snarky Tea Net Worth.
Jenni-Lyn arrives Tank seeking $150,000 for 25% of her business. This shows a valuation of $300,000.She accepted an offer from Kevin and Bethenny of $150,000 for 50% stake thus a $300,000 valuation.
Snarky Tea Competitors
Unknown.
Snarky Tea FAQS
What happened to snarky tea after shark tank?
Since its appearance on Shark Tank, Snarky Tea has expanded its offerings to include a subscription program for repeat customers called the Snarkbucks Loyalty Program and is currently recruiting female representatives to sell Snarky Tea to friends and family from their homes (like Tupperware parties).
How do they use snarky tea?
Instructions for brewing: Steep one biodegradable tea pyramid for 4-6 minutes in 8 oz. of hot water, sip, and enjoy.
Usage: Intended for sporadic use only. Consume 2-3 times each week in the afternoon/evening.
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Did snarky tea get a deal on Shark Tank?
Jenni-Lyn Williams, founder of Snarky Tea, signed a $150,000 agreement for a 50% ownership in the successful ABC show with Mr. Wonderful (Kevin O’ Leary) of Shark’s Tank and guest shark reality star Bethenny Frankel.
Does snarky tea have caffeine?
It has no caffeine.
Is snarky tea still in business?
They continue to sell tea and it seems as though the firm is doing well. Despite Bethenny’s reservations, Jenni-Lyn has not diluted her message.
Who owns snarky tea?
Snarky Tea was launched in 2016 by Jenni-Lyn Williams, our Chief Snark Officer.
Is snarky tea vegan?
Snarky Tea | Cleanse Tea | Fenugreek, Licorice Root, and Senna Pu’erh Tea | 15 Pyramid Sachets|All-Natural, Vegan, Gluten-Free, Slimming Way to Release Toxins for Weight Loss, Reduce Bloating, and Boost Metabolism
Is snarky tea Loose Leaf?
Their teas are conveniently packed in high-quality tea sachets. The sachet helps them to preserve the complete leaf of their teas, resulting in the best cup of tea conceivable.
Each tin contains 15 sachets of full leaf tea. Their Snarky BRUW teas are loose leaf, with each bag containing 60 grams of whole leaf tea.
Are their teas safe for diabetics?
While the majority of their teas are naturally sugar-free, they recommend seeing their physician prior to ingestion if they have any concerns.
If they’re trying to avoid sugar, avoid Sweet As F**k & Energize.
What is in detox tea?
A detox tea is often a blend of herbs that act as a kidney and liver stimulant and promote urination. Fennel seed, coriander, milk thistle, and dandelion root are just a few of the well-known herbs and spices utilized.
What are the strengths of Snarky Tea?
Each Snarky Tea snarky tea pyramid includes 15 sachets of herbal herbs.
These are made from only the finest quality herbs to ensure a strong immune system, cleanse of toxins and desire for weight loss.
What are snarky tea ingredients?
Snarky Tea contains no sugar, no stimulants such as caffeine and no artificial flavours.
Snarky Tea is also gluten-free and suitable for vegans. It’s made by hand in small batches to ensure that they’re fresh.
What is the purpose of sarcastic tea?
Snarky Tea-Get Fit Starter Kit, 6-Week Detox Tea -Program to Restore Gut Health, 60 Pyramid Sachets- All-Natural Toxin Release for Weight Loss, Reduce Bloating, Boost Metabolism.
Is Snarky a real word?
Sarcastic. Some have questioned whether the term “snarky” is a legitimate term. There can be no dispute; the adjective first appeared in English in 1906.
What is the net worth of Jenni-Lyn Williams?
Unknown.
What is the difference between Cleanse & Detox?
Detox is a daily tea that covers the stomach, improves intestinal health, and eliminates bloating!
Cleanse is a 2-3 times a week tea that jumpstarts their metabolism and contains a trace of Senna (a natural BM stimulant) to assist their body in regaining its equilibrium!
