Spoonful of Comfort Shark Tank Net Worth 2023
Marti and Scott, the owners of Spoonful of Comfort, went on the television show Shark Tank to pitch their company and ask for an investment of $400,000 in exchange for a 10% ownership stake in their business. This means that they valued their company at $4 million at that time.
However, since then, their company has grown and become more valuable. This means that their current valuation is higher than $4 million, although the exact amount is not specified.
What is Spoonful of Comfort? Who are the Founders of Spoonful of Comfort?
Spoonful of Comfort is a thoughtful care package that can be sent to loved ones to show that they are being thought of or to convey warm wishes.
Initially designed to be a care package for loved ones who are unwell, it has now expanded to include other care packages such as the Pregnancy Care Package and the Birthday Care Package.
The care package contains three different varieties of soups, which include chicken soup, tomato basil soup, and potato leek soup.
Each gourmet care box includes 64 ounces of soup, six buns, six cookies (chocolate chip, oatmeal raisin, or sugar), a serving ladle, and a hand-written message card.
Customers also have the option to add other items such as tea, inspirational literature, blankets, and more for an additional fee to the $69 bundle.
To ensure that the soup stays fresh, flash-frozen gel ice packs are included in the package. The recipient can choose to refrigerate or freeze the soup upon receiving it to keep it fresh for a few days.
Spoonful of Comfort was founded by Marti Wymer, the CEO and creator of the company. The idea for the company came about in October 2007 when Wymer’s mother was diagnosed with cancer, and she was unable to visit her due to the distance.
She decided to send her mother some homemade chicken soup as a way to console her. Unfortunately, Wymer’s mother passed away only six weeks later.
In memory of her mother, Wymer started Spoonful of Comfort to make it easy for people to send delicious gift baskets to their loved ones who live far away.
Scott Gustafson, an investor, later joined Wymer to help expand the business. Spoonful of Comfort continues to be a heartwarming way to show someone that they are loved and cared for, no matter the distance between them.
Spoonful of Comfort Shark Tank Pitch
In season 8, episode 1 of Shark Tank, Marti and Scott pitched their business seeking $400,000 in exchange for a 10% stake, which values their company at $4 million.
During the pitch, they shared their story and offered the Sharks samples of their chicken and tomato soups. However, the Sharks were not impressed with the high cost of $69.99 plus $14.99 delivery for each care package.
Marti and Scott disclosed that it cost them $18 to acquire each customer and $31 to manufacture their products. When they sold their soup for $35, they were not making any profit. Despite these challenges, they had made $100,000 in sales in the previous year.
Barbara left the deal after learning that another investor had already invested $1.3 million in the company. Mark also declined to invest, stating that he believed the company was in the marketing business but lacked marketing skills.
Daymond liked the idea but felt that the target market was too limited, while Lori enjoyed the soup but did not see the company as scalable.
Robert felt that the company had not sorted out its issues after five years of operation, while Kevin recognized the issue with customer acquisition costs but did not have a solution to address it.
Following the show, Spoonful of Comfort made some changes to their business.
They expanded their soup selection, introduced occasion-based bundles and baskets for children, and announced new cookie-only packaging with free shipping. They also included handwritten letters in their boxes.
The company has seen success, particularly during the COVID-19 pandemic, earning $68 million in total revenue as of May 20, 2021.
What is Net Worth of Spoonful of Comfort?
Marti and Scott appeared on Shark Tank seeking $400,000 for a 10% stake in their firm. This equates to a $4 million valuation.
Current valuation is evidently higher since the Company has grown.
Who are the Competitors of Spoonful of Comfort?
Spoonful of Comfort’s main competitors include Delfoo, Delivery Hero AG., Eat24 LLC, and Doordash.
Spoonful of Comfort Shark Tank Updates
Spoonful of Comfort is a gourmet soup delivery business that appeared on Shark Tank in Season 8 Episode 1. The founders, Marti Wymer and Scott Gustafson, were seeking $400,000 for 10% of their company. Although Daymond John liked the concept, he saw no way to expand and exited the deal.
The Sharks were mortified that each care package cost $69.99 plus $14.99 for shipping. Ultimately, Spoonful of Comfort did not receive a deal from the Sharks.
Despite not receiving an investment from the Sharks, Spoonful of Comfort continues to operate and has expanded its soup flavors. The company has also worked with UPS to establish a better shipping system.
The need for care packages has exploded in the years since Spoonful of Comfort appeared on Shark Tank, particularly in the aftermath of the COVID-19 pandemic.
The company’s revenues have tripled since their appearance on Shark Tank, and they have heard from a number of investors hoping to put money into the business.
Spoonful of Comfort has become a household name and is all over the internet. It is hard to type in a phrase like “care package” on Google and not receive an ad for Spoonful of Comfort. The company has not advertised its exact revenues, but it continues to operate and grow.
Spoonful of Comfort Shark Tank Table Summary:
| TOPIC | INFORMATION |
| Company Name | Spoonful of Comfort |
| Founders | Marti Wymer (CEO and creator) and Scott Gustafson |
| Product | Gourmet care package with three different varieties of soups, buns, cookies, a serving ladle, and a hand-written message card |
| Additional Items | Tea, inspirational literature, blankets, and more (for an additional fee) |
| Shark Tank Pitch | Seeking $400,000 for a 10% stake, valuing the company at $4 million |
| Competitors | Delfoo, Delivery Hero AG., Eat24 LLC, and Doordash |
| Updates | Expanded soup selection, introduced occasion-based bundles and baskets for children, and new cookie-only packaging with free shipping; revenues have tripled since appearance on Shark Tank, earning $68 million in total revenue as of May 20, 2021 |
Spoonful of Comfort FAQS
What Is Spoonful Of Comfort And How Does It Work?
Spoonful of Comfort is a gourmet soup delivery and care package service that offers soup gift baskets and care packages for various occasions.
Originally designed to send comfort food to sick loved ones, it has since evolved to offer packages of gourmet soups and personal care items. The company was created to send people a package that is thoughtful, meaningful, and sincere.
To order from Spoonful of Comfort, customers can visit their website and choose from a variety of soup gift baskets and care packages. The packages include a shiny ladle, a notecard from the sender, and a full meal.
The company offers a range of soup flavors, including chicken noodle, tomato basil, and butternut squash. The packages can be sent to friends and family members for any reason or no reason at all.
Spoonful of Comfort also offers vegan and gluten-free options, which are labeled on the packaging. The company has received positive reviews from customers, with over 50,000 reviews and a 5-star rating on their website.
Overall, Spoonful of Comfort provides a thoughtful and convenient way to send love and comfort to friends and family members through their gourmet soup delivery and care package service.
Who founded Spoonful of Comfort?
Marti Wymer is the founder and CEO of Spoonful of Comfort.
What Was The Outcome Of The Spoonful Of Comfort Shark Tank Pitch?
Spoonful of Comfort did not receive an investment from the Sharks during their pitch on Shark Tank. The Sharks were mortified by the high cost of each care package, which was $69.99 plus $14.99 for shipping. Daymond liked the concept but saw no way to expand, so he exited.
Despite not receiving an investment, Spoonful of Comfort continues to operate and has expanded their product line to include new items such as Butternut Squash.
The company has also worked with UPS to establish a better shipping system. The exposure from appearing on Shark Tank has helped the company grow, and they have an annual revenue of $1 million and eight employees.
Did Spoonful Of Comfort Get A Deal On Shark Tank?
No, Spoonful of Comfort did not get a deal on Shark Tank. Founder Marti Wymer and Scott Gustafson pitched their comfort food delivery service in Season 8 Episode 1, seeking $400,000 for 10% of their company.
However, none of the Sharks were interested in investing due to the high cost of each care package and shipping. Despite not receiving an investment, Spoonful of Comfort continued to operate and has expanded its product line to include new items such as Butternut Squash.
The company has benefited from the exposure on the show and has continued to grow, with annual revenue of $1 million and eight employees.
What Happened To Spoonful Of Comfort After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Spoonful of Comfort did not receive an investment from the Sharks due to its current business model. However, the company continued to operate and expanded its product line to include new items such as Butternut Squash.
The exposure on the show helped the company grow, and it was valued at around $4 million at the time of its appearance on the show.
Spoonful of Comfort has continued to grow significantly since appearing on Shark Tank, and the company attributes its success to hard work, remembering its people, and continuing to swim forward every day.
The company offers a gourmet soup delivery service along with get-well gift care packages. Customers can choose from a variety of soups and add-ons, such as rolls, cookies, and tea, to create a personalized care package.
Despite not receiving a deal on Shark Tank, Spoonful of Comfort has continued to operate and grow its business.
How much does a Spoonful of Comfort Gifts set you back?
Spoonful of Comfort care packages and presents with soup begin at $69.99, cookie-only packages begin at $24.99, and seasonal gifts begin at roughly $29.99.
How much were they seeking in the Shark Tank?
They sought $400,000 for a 10% stake in their company. This equates to a $4 million valuation.
Did they get the deal from the Sharks?
No, the Sharks did not invest in their Company.
Where is Spoonful of Comfort located?
Spoonful of Comfort is in the Restaurants and Other Eating Places industry and is located in West Valley City, Utah.
Is Spoonful of Comfort still in operation?
Customers have overwhelmingly good reviews for Spoonful of Comfort, praising its excellent meals and high-quality gifts.
The firm is still doing well now, and it was definitely a source of comfort for many people throughout the pandemic.
Spoonful of Comfort’s success rate?
With $68.6 million in revenue, the firm is a fantastic success story that has definitely provided solace to many throughout the epidemic to treat with “Love by the Spoonful.”
When was Spoonful of Comfort aired on Shark Tank?
Spoonful of Comfort was aired on Shark Tank son September 23, 2016.
Where do they currently ship?
They presently ship to any location in the United States of America. They are currently unable to ship outside of the United States, but hope to be able to do so in the future!
Where do the packages ship from?
The shipments are dispatched from Salt Lake City, Utah.
How soon will their order ship?
Orders with Standard Shipping will ship Monday through Wednesday and arrive Wednesday through Friday during the warmer summer months.
Express shipping is offered for a speedier delivery and is available Monday through Friday.
Orders received after 4:00 p.m. Eastern Standard Time will be sent the next business day.
What is the shelf life of their soup?
Soup is sent cold, and the receiver is advised to refrigerate it immediately and consume it within 3-5 days.
They are also invited to freeze the soup and eat it later.
Do their cookies have nuts?
Although the cookies do not include nuts, they are made at a facility that does.
Are they gluten-free?
Gluten-free soups, as well as gluten-free and vegan cookies, are available. Please keep in mind that, while the components are gluten-free, the soups and cookies are made in the same kitchens as their other goods.
What kind of plastic is used for their soup containers?
Polypropylene, an FDA-approved, food-safe material, is used to make their 32-ounce plastic containers.
It is regarded as the industry’s flagship material in terms of safety.
This plastic is BPA-free and devoid of phthalates. It may be utilized in microwaves and is even employed in some surgical and medical instruments.
What is the net worth of Marti Wymer?
Marti Wymer’s net worth is unavailable.
What is the website address of Spoonful of Comfort?
The website address of Spoonful of Comfort is www.Spoonfulofcomfort.com
