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 of around $1 million and a net worth of $2 million. Her hard work and dedication are 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 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 happens 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 its 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 Shark Tank Updates
Snarky Tea is a woman-owned tea company founded by Jenni-Lyn Williams in 2016. The company appeared on Shark Tank in 2017, where Williams pitched her functional tea blends that are blended specifically to help power women through their busy lives.
Williams asked for $150,000 for 25% equity, but Kevin O’Leary and Bethenny Frankel offered $150,000 for 50% equity, which Williams accepted.
As of August 2022, Snarky Tea reported $1 million in revenue and has nearly 50,000 followers on Instagram. The company continues to sell tea and appears to be doing well. Despite Bethenny’s concerns, Jenni-Lyn hasn’t toned down the message.
Snarky Tea offers a range of teas spanning every need from gut health to skin support. The company continues to launch new items, with its most recent release being fall teas.
Snarky Tea Shark Tank Pitch and Net Worth 2023
| DESCRIPTION | DETAILS |
| Founder | Jenni-Lyn Williams |
| Pitched | Shark Tank in 2017 |
| Offered | $150k for 50% by Kevin & Beth |
| Valuation | $300k |
| Revenues (Aug 2022) | $1 million |
| Net Worth (Aug 2022) | $2 million |
| Product | Bold and sassy tea blends |
| Price | $12.99 per 15 sachets |
| Distribution | Independent stores, Amazon |
| Monthly Membership | Service |
| Acquisitions | BRUW, cold coffee filter |
| Investors | Kevin O’Leary and Bethenny |
| Frankel | |
| Updates | “Feel Good” teas released |
Snarky Tea Net Worth.
Jenni-Lyn arrives at 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 a 50% stake thus a $300,000 valuation.
Snarky Tea Competitors
Unknown.
Snarky Tea FAQS
What Is Snarky Tea Shark Tank?
Snarky Tea is a tea company founded by Jenni-Lyn Williams in 2016 that seeks to empower women while delivering delicious tea.
The teas are blended specifically to help power women through their busy lives, with different blends having different flavors, caffeine levels, and benefits.
Each tin costs $12.99 and comes with 15 whole leaf tea sachets. The company has a loyal fan base, with nearly 50,000 followers on Instagram and $1 million in revenue as of August.
Snarky Tea appeared on Shark Tank in season 9, episode 8, where Williams sought a $150,000 investment in exchange for a 25% share of her company. The Sharks appeared amused by the product, but some of them questioned the marketing approach of the brand.
However, Kevin O’Leary and Bethenny Frankel offered Snarky Tea a deal of $150,000 for 50% of the company, which Williams accepted after some deliberation. The investors saw that the teas were not only funny but functional.
Since appearing on Shark Tank, Snarky Tea has continued to launch new items, with its most recent release being fall teas. The company has also received national distribution deals with large grocery chains, which was one of Williams’ goals in seeking a Shark’s help.
How Does Snarky Tea Shark Tank Work?
Snarky Tea is a tea company that was founded in 2016 by Jenni-Lyn Williams, the Chief Snark Officer. The company offers different blends of tea with different flavors, caffeine levels, and benefits, such as a soothing tea or a tea that’s good for hangovers.
Williams started the business at the suggestion of her daughter and hoped to secure a $150,000 investment in exchange for a 25% share of her company on Shark Tank.
During her pitch, Williams explained her products in a snarky way and handed out samples to the Sharks. Kevin O’Leary and Bethenny Frankel offered her a deal of $150,000 for 50% of the company, which Williams accepted after some deliberation.
Since appearing on Shark Tank, Snarky Tea has been successful. The company’s current annual revenue is around $1 million.
Snarky Tea offers a variety of teas with inventive titles for each flavor, such as Get Your Sh*t Together and Wake the F**k Up. The company seeks to empower women while delivering delicious tea.
Is Snarky Tea Shark Tank Still In Business?
Yes, Snarky Tea from Shark Tank is still in business as of April 2023. The company was founded by Jenni-Lyn Williams in 2016 and appeared on Shark Tank in 2017.
During the show, Williams asked for $150,000 for 25% equity in her business, and eventually made a deal with Kevin O’Leary and Bethenny Frankel for $150,000 for 50% equity. Since then, the company has continued to grow and expand its product line, with revenues around $1 million as of August 2022.
Snarky Tea offers a range of teas that address everyday problems for women, such as “Cleanse” and “Detox” teas. The company also offers teas that help with gut health, skin support, and more. Each tea is blended specifically to help power women through their busy lives.
Snarky Tea has a loyal fan base, with nearly 50,000 followers on Instagram. The company continues to launch new items, with its most recent release being fall teas.
In summary, Snarky Tea from Shark Tank is still in business and has been successful since its appearance on the show in 2017. The company offers a range of teas that address everyday problems for women and has a loyal fan base.
What Is The Current Valuation Of Snarky Tea After Shark Tank?
Snarky Tea is a woman-owned tea company founded by Jenni-Lyn Williams in 2016. Williams appeared on Shark Tank in November 2017, seeking $150,000 for 25% of her business, which valued the company at $300,000.
Kevin O’Leary and Bethenny Frankel offered her $150,000 for 50% of the business, valuing it at $300,000. Williams had already sold roughly $270,000 worth of product before appearing on the show.
As of 2022, Snarky Tea’s net worth is $2 million, and Williams has a net worth of $2 million. Snarky Tea has expanded its offerings to include a subscription program for repeat customers called the Snarkbucks Loyalty Program.
The company has many different tea items available on its website, including detox kits, sampler packs, cold brew teas, and more. Snarky Tea continues to launch new items, with its most recent release being fall teas.
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.
[maxbutton id=”18″]
Did snarky tea get a deal on Shark Tank?
Jenni-Lyn Williams, the 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.
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 flavors.
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!
