Teaspressa Shark Tank Update | Teaspressa after the Shark Tank

What is Teaspressa? Who founded Teaspressa?

Teaspressa is a beverage company that was founded in 2015 by Allison DeVane. It specializes in creating coffee-inspired tea using a patent pending pressure-extraction process, which allows for the creation of tea shots similar to espresso.

This allows for the creation of various coffee preparations such as tea lattes, cappuccinos, and macchiatos. The company also provides a range of flavor enhancers, quick mimosa and spirit cocktail cubes for adult beverages.

Allison DeVane started the company on a bicycle-mounted tea cart in Phoenix, Arizona and was featured on the TV show Shark Tank in 2016, but did not secure a deal.

Teaspressa after the Shark Tank

Despite not securing a deal on Shark Tank, Teaspressa’s exposure on the show led to a significant increase in sales.

Following the episode, the company’s sales grew 20-fold, and Allison was able to open her first storefront in Old Town Scottsdale.

Today, Teaspressa continues to expand with multiple locations and a growing range of products. Despite the fact that the company still only has a few locations, they are still growing and generating an annual revenue of $1 million by selling on the company’s website and on Amazon.

Teaspressa after the Shark Tank

After appearing on Shark Tank, Teaspressa has experienced significant growth. Allison had sought $50,000 for a 10% stake in the company, which would have valued the business at $500,000.

However, as of 2021, the company’s net worth has likely risen to millions of dollars due to its continued expansion.

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.