Sweet Ballz Shark Tank Net Worth

James McDonald and Cole Egger appeared on Shark Tank, a television show where entrepreneurs pitch their business ideas to a panel of investors, seeking an investment of $250,000 in exchange for a 10% equity stake in their startup, Sweet Ballz.

This implies that the company was valued at $2.5 million at the time of the pitch. After receiving multiple offers from the Sharks, the founders decided to accept a deal from Mark Cuban and Barbara Corcoran, who offered $250,000 in exchange for a 25% stake in the company.

This offer was based on a valuation of $1 million, which is a significant decrease from the initial valuation of $2.5 million.

What is Sweet Ballz and Who Founded Sweet Ballz?

Sweet Ballz is a type of thick, fudgy ball covered in icing.

It was created by James McDonald and Cole Egger, two young men from Dallas. McDonald’s had been making cake balls for friends and family for several years, and they eventually expanded their distribution to over 5,000 retail stores nationwide.

In June 2013, Sweet Ballz held a fundraiser for testicular cancer, which prompted some Dallas-area news sites to speculate if it was a hoax. However, the company has a robust business strategy and distributes its products through thousands of 7-11 locations.

Although Sweet Ballz’s website does not have an online purchasing system, it was announced in March 2013 that the products are available at 7-11 stores. James McDonald and Cole Egger founded Sweet Ballz.

Sweet Ballz Shark Tank Pitch

James McDonald and Cole Egger appeared on Shark Tank in Season 5, Episode 1, seeking a $250,000 investment in exchange for 10% equity in their start-up, Sweet Ballz, based in Dallas, Texas.

The Sharks were intrigued when they learned that the product had already generated $700,000 in sales over the previous three months, primarily through a distribution agreement with over 5,000 7-11 stores throughout the United States.

The Sharks made several investment offers, including a $250,000 offer from Barbara for 40% of the company, a $250,000 offer from Kevin for 30% with a monthly dividend, a $250,000 offer from Lori for 36%, a $250,000 offer from Robert for 25% with the potential for Costco distribution, and a joint offer from Robert, Lori, and Kevin for $250,000 in exchange for 30% equity.

In the end, James and Cole chose to accept an offer from Mark and Barbara, but their partnership quickly fell apart following the episode’s airing. James sued Cole for control of the Sweet Balls website, which Cole had redirected to a competing site.

Despite the legal drama, Sweet Ballz continued to operate and expanded into food service distribution and co-packing, with an estimated annual revenue of $5 million as of August 2021. They currently offer three flavors of cookie cake balls and recommend consuming them within three weeks or freezing them for up to a year.

Sweet Ballz Net Worth

James McDonald and Cole Egger approached the Sharks seeking a $250,000 investment in return for 10% stock.

This indicates a valuation of $2.5 million. They accepted an offer from Mark and Barbara of $ 250,000 for 25% stake which is valuation to be $1 million.

Sweet Ballz Competitors

Sweet Ballz’s top competitors include Amazeballz, Porch Swing Desserts, and Cake Ball.

Sweet Ballz Shark Tank Update

Sweet Ballz is a cake pop company that appeared on Shark Tank in 2013. The company was valued at around $1 million at the time of its appearance on the show. Sweet Ballz received a deal from Mark Cuban and Barbara Corcoran, who invested a combined $250,000 in the company.

Despite a rough start, Sweet Ballz is still in business and selling its original “Sweet Ballz” in a variety of flavors via its online store. As of 2022, Sweet Ballz is mostly focused on foodservice distribution. The company generated revenue of around $5 million in 2021.

There was a legal dispute between Sweet Ballz and another cake ball company called Cake Ballz. James McDonald, the founder of Cake Ballz, filed a temporary restraining order and permanent injunction to stop Sweet Ballz from selling cake balls that he claimed infringed on his patent.

However, it is unclear how this dispute was resolved or if it had any significant impact on Sweet Ballz’s business.

Summary Table: Sweet Ballz Shark Tank

ITEM	DESCRIPTION
Company name	Sweet Ballz
Product	Thick, fudgy ball covered in icing
Founders	James McDonald and Cole Egger
Shark Tank	Appeared in Season 5, seeking $250,000 for 10% equity
Valuation	Initially $2.5 million, but accepted $250,000 for a 25% stake
Competitors	Amazeballz, Porch Swing Desserts, Cake Ball
Annual revenue	Estimated to be $5 million as of August 2021
Legal dispute	Filed by James McDonald against Sweet Ballz

Sweet Ballz FAQS

What Is Sweet Ballz Shark Tank?

Sweet Ballz is a cake ball company that appeared on Shark Tank in season 5. The company was founded by James McDonald, who has been making cake balls for years and went from baking them for friends and family to nationwide distribution in over 5,000 retail locations.

During the Shark Tank pitch, all five Sharks were interested in investing in the business, and in the end, Mark Cuban and Barbara Corcoran teamed up to invest a combined $250,000.

Sweet Ballz focuses on food service distribution and also runs a co-packing type operation. As of December 2022, the estimated annual revenue is $5 million. The company sells its original “Sweet Ballz” in a variety of flavors via its online store.

Despite the success of Shark Tank, the company faced some challenges after the show. However, Sweet Ballz is still in business and continues to sell its cake balls.

How Does Sweet Ballz Shark Tank Work?

Sweet Ballz is a cake ball company that appeared on Shark Tank in season 5. The company was founded by James McDonald, who started making cake balls for friends and family before expanding to nationwide distribution in over 5,000 retail locations.

During the Shark Tank episode, all five sharks were interested in investing in Sweet Ballz, but Mark Cuban and Barbara Corcoran teamed up to invest a combined $250,000.

After appearing on Shark Tank, Sweet Ballz continued to operate and sell its original cake balls in a variety of flavors through its online store.

As of December 2022, the company’s estimated annual revenue is $5 million. Sweet Ballz focuses on food service distribution and also runs a co-packing operation.

In addition to its cake ball business, Sweet Ballz conducted a fundraiser for testicular cancer in June 2013.

The company’s appearance on Shark Tank brought national attention to the brand and helped to skyrocket its success. While Sweet Ballz is still in business, Cake Ballz, a similar company, has closed its doors.

What Happened To The Sweet Ballz After Shark Tank?

Sweet Ballz is a cake ball business that appeared on Shark Tank in season 5. The company was founded by James McDonald, who had been making cake balls for years and went from baking them for friends and family to nationwide distribution in over 5,000 retail locations.

During the Shark Tank episode, all five sharks were interested in investing in the business, but Mark Cuban and Barbara Corcoran teamed up together and invested a combined $250,000.

After the Shark Tank episode, Sweet Ballz faced some legal issues. McDonald filed a temporary restraining order and permanent injunction to stop another company from selling cake balls that were similar to Sweet Ballz.

McDonald won the case, and Sweet Ballz is still in business today. As of August 2021, Sweet Ballz is still in business, but Cake Ballz, another cake ball business that appeared on Shark Tank, is gone.

Sweet Ballz focuses on food service distribution and runs a co-packing type operation. As of December 2022, the estimated annual revenue of Sweet Ballz is $5 million.

Despite the legal issues, Sweet Ballz is still in business and selling its original “Sweet Ballz” in a variety of flavors via its online store.

The company has a dynamic business model and distribution through thousands of 7-11 stores. Sweet Ballz hopes to be to cake balls what Wicked Good Cupcakes is to cupcakes.

Is Sweet Ballz Shark Tank Still In Business?

Yes, Sweet Ballz is still in business as of December 2022. Sweet Ballz is a company that sells cake balls in a variety of flavors. The company was featured on Shark Tank in season 5, and since then, it has expanded its menu to offer more flavors and sports ball-shaped cake balls.

Sweet Ballz focuses on food service distribution and runs a co-packing type operation. The company’s estimated annual revenue as of December 2022 is $5 million.

There was a legal battle between Sweet Ballz and Cake Ballz, but Sweet Ballz is still in business, and its website is functional. Sweet Ballz has an online store where customers can purchase its cake balls.

The company has nationwide distribution in over 5,000 retail locations, including 7-11 stores. Although Sweet Ballz experienced a loss of website traffic, it is still in business and selling cake balls to each of the 48 continental US states.

What Is The Current Valuation Of Sweet Ballz Shark Tank?

Sweet Ballz appeared on Shark Tank in 2013, seeking an investment of $250,000 in exchange for a 10% equity stake in their startup. The company was valued at $2.5 million at the time of the pitch.

Mark Cuban and Barbara Corcoran offered $250,000 in exchange for 10% equity, which the founders accepted.

As of 2021, Sweet Ballz generated revenue of around $5 million. According to one source, the company’s net worth is around $5 million as of 2023.

Another source reports that Sweet Ballz generated over $700,000 in sales from 7-11 stores in the past three months and just scored a quarter-million-dollar deal.

In summary, Sweet Ballz was valued at $2.5 million at the time of its Shark Tank appearance in 2013, and as of 2021, it generated revenue of around $5 million.

The company’s current net worth is estimated to be around $5 million, and it has recently secured additional funding and partnerships.

What are shark tank’s Sweet balls?

Sweet Ballz is a brand of “thick, fudgy spheres coated in icing” developed by two young Dallas men, James McDonald, and Cole Egger.

They collaborated on a Shark Tank proposal. Mark Cuban and Barbara Corcoran, investors, stated that they would pay them $250k for a 25% stake in the firm.

Who owns Sweet Ballz?

Sweet Ballz is a brand of “thick, fudgy spheres coated in icing” developed by two young Dallas men, James McDonald, and Cole Egger.

They collaborated to offer their business to Shark Tan.

What happened to Sweet Ballz?

Two firms survived once the dust settled: The Cake Ball Company and Sweet Balls.

The company is still operating as of August 2021.

They specialize in food service distribution and also operate a co-packing facility.

Where is Sweet Ballz located?

The company is based in Dallas, Texas.

How much did Sweet Ballz cost?

A variety six-pack (that’s 24 cake balls) sells for $33.

Is Sweet Ballz gluten-free?

It appears that Sweet Ballz is in fact gluten-free. But, they should always check with the company first.

Is Sweet Ballz Kosher?

Sweet Ballz does not appear to be Kosher certified.

My Sweet Ballz just arrived, how many days of shelf life do they have?

Their Sweet Ballz has a one-year shelf life when stored frozen. When customers receive their shipment, they should consume it within three weeks of receipt for the optimum taste effects.

Can they put the Sweet Ballz in the freezer when they arrive?

Sweet Ballz will deliver itself to their doorstep at around room temperature. It is acceptable to refreeze the Sweet Ballz, however, the product may dry out and the flavor profile may vary.

How do they ship their product?

Their product is shipped in a thermal cooler. Occasionally, their shipments will include dry ice to keep the goods chilled.

Where do they make their money?

Sweet Ballz makes money through the sale of its goods, which it can sell wholesale to foodservice operators and retail outlet owners.

Why James McDonald did sue Cole Egger?

According to the complaint, Egger seized control of the Sweet Balls website, then redirected visitors from there (Sweetballz.net) to a new domain Cakeballz.com (now defunct).

McDonald also sought a temporary restraining order and permanent injunction against Egger’s sale of “dessert balls that directly compete with product SweetBallz.”

What is the net worth of James McDonald?

Unknown.

What is the net worth of Cole Egger?

Unknown.

How does the Sweet Ballz business model work?