Teaspressa Shark Tank Update | Teaspressa after the Shark Tank
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What is Teaspressa?
Teaspressa is a coffee-inspired tea that has a patent on generating tea shots, similar to espresso, with which they make coffee preparations such as tea lattes, cappuccinos, macchiatos, and so on.
This novel, improved tea beverage combines the consistency and caffeine of coffee with the versatility and health benefits of tea.
Teaspressa also provides a whole range of flavor enhancers, including LUXE Sugar Cubes and LUXE Elixirs, which allow you to rapidly transform any tea or coffee beverage into a speciality flavored beverage.
When you want a quality produced adult beverage without the fuss, their quick mimosa, bubbles, and spirit cocktail cubes are tremendous hits.
Teaspressa was founded and is owned by Allison DeVane in 2015. She started her coffee-inspired tea firm from a bicycle-mounted tea cart in Phoenix, Arizona.
Within her first year of company, Allison launched her first physical shop, featured on Shark Tank, and was named a Tory Burch Foundation Fellow.
DeVane presented her firm to ABC’s Shark Tank in 2016, and while she made the show, she was unable to negotiate a contract with the sharks.
Who founded Teaspressa?
Teaspressa is a beverage company featuring a hybrid of tea and coffee that was founded by Allison DeVane.
Allison DeVane, a Phoenix native and alum of Arizona State University, founded Teaspressa in 2015 on a bicycle cart.
The following year, the concept was showcased on “Shark Tank,” where it received a lot of attention but no deal.
She created a pressure-extraction process for tea utilizing speciality coffee techniques.
As a results, consumers get a concentrated tea with the same amount of caffeine as a shot of espresso, but with the added bonus of tea’s health benefits.
Teaspressa after the Shark Tank
Teaspressa made an appearance on Shark Tank Season 7 with their concentrated tea that can be served like coffee in beverages such as lattes, macchiatos, and cappuccinos.
Allison went to the show seeking $50K for 10% of her business which had $26,000 in total sales in just 5 months.
Although the fact that she did not land a deal in the Tank, her business profited from the show’s exposure.
Teaspressa’s sales jumped 20 times after the show, and she was able to open her first storefront in Old Town Scottsdale.
Today,Teaspressa is growing and expanding by the day, with various locations and an expanding product offerings
The company is growing in 2021, despite the fact that they still have about 3 location.
They still selling on her website and on Amazon. The company’s annual revenue is $1 million.
Teaspressa after the Shark Tank
Allison went to the show seeking $50K for 10% of her business. That was a valuation of about $500,000 net worth.
The company has grown a lot and the net worth as of 2021 should be in millions of dollars.
What are the products of Teaspressa?
Among the distinctive cocktails available at Teaspressa are the London Fog ($5), which is created with “Charles Grey” tea or espresso, steamed milk, vanilla, and lavender, and may be made with a powerful tea shot or espresso.
Teaspressa FAQs
What exactly is Teaspressa?
Teaspressa is a line of concentrated teas that rival the quality of certain luxury coffees.
As a result, you get a concentrated tea with the same amount of caffeine as a shot of espresso, but with the added bonus of tea’s health benefits.
What inspired the creation of Teaspressa?
Allison came up with this concept after her love of coffee and regular use of the hot beverage caused her to suffer from excruciating headaches.
How is DeVane’s background?
DeVane, a marketing and public relations professional, said that she had wanted to run a cafe.
When DeVane was looking to start a new business, she found the coffee industry was saturated and turned to tea.
DeVane teamed up with an espresso machine designer to patent and market her own espresso-style tea press.
Allison approaches the shark tank, presents her product, and asks for $50,000 in exchange for a 10% ownership stake in her firm, Teaspressa.
DeVane stated her participation on Shark Tank strengthened Teaspressa’s name recognition. She said the firm still receives orders and emails after her Shark Tank appearance.
What’s the best way to save money on your favourite teas?
Subscriptions allow you to have your favorite teas, LUXE Sugar Cubes, and LUXE Elixirs sent to your home on your schedule, so you never run out of supplies!
What was the reaction to Allison’s appearance on Shark Tank?
Even though Allison and her firm Teaspressa did not receive a deal as a consequence of their presence on Shark Tank, the product has received a lot of media attention as a result of the appearance.
What happens on Shark Tank?
Allison approaches the shark tank, presents Teaspressa to the sharks, and informs them that she is seeking a $50,000 investment in exchange for a 10% stake in her firm, Teaspressa.
What exactly is Teaspressa?
Allison continues by informing the sharks that Teaspressa is a combination of intense tea shots.
Which episode of shark tank featured Teaspressa?
In Shark Tank episode 720, Allison DeVane pitches Teaspressa, her concentrated, espresso-like tea shots, to the Sharks.
What products do they sell?
Teaspressa primarily offers her numerous prepared coffee-like concoctions in several bakeries and upscale food establishments in the Phoenix region.
It is the world’s first coffee-inspired tea latte cafe, having its headquarters in downtown Phoenix, Arizona.
What’s the best way to make tea shots?
She brews it in the same manner as espresso.
Where is the location?
Teaspressa now runs three physical stores in Arizona and Michigan and sells her items wholesale, through licensing, and online.
