Wanna Date Shark Tank Net Worth
Wanna Date is a company that appeared on Shark Tank. The company’s net worth has increased since its appearance on the show, and as of 2023, it is valued at $4 million.
According to various sources, Wanna Date has made close to $5 million in lifetime sales, and as of 2022, they had made $4.7 million in sales. The valuation of the company was initially $500,000 when it appeared on Shark Tank but was later justified by Mark Cuban to be $303,030.3.
What is Wanna Date?
Wanna Date is a range of vegan spreads that are oil-free, dairy-free, and have zero added sugar. They provide a variety of low-calorie, nutritious, and vegan-friendly spreads with dates being the primary ingredient.
Melissa Bartow founded Wanna Date in 2017 when she was still a college student. She is a former New York University graduate with a Bachelor’s Degree in Entrepreneurship, and she previously worked part-time internships as a magazine photographer, food vendor waiter, and brand ambassador.
Bartow started mixing dates in her dorm room to create delicious spreads that could be spread on toast, drizzled on ice cream, or eaten straight from the jar. She then experimented with combining dates with various ingredients to create flavors such as chocolate, cinnamon, vanilla, and pumpkin spice.
In January 2020, Bartow entered Shark Tank seeking an investment of $100,000 in exchange for 20% equity, valuing her business at $500,000. Wanna Date products cost $2.40 per unit to manufacture, but Bartow believes she can reduce this cost to $1.70-1.80 per unit.
Each product is sold for $12 on the internet, and Bartow claims that no one has ever complained about the pricing. She left Shark Tank with a deal from recently converted vegan billionaire Mark Cuban, who invested $100k for 33% equity in the company.
Wanna Date after the Shark Tank
Melissa Bartow appeared on Shark Tank seeking a $100,000 investment in exchange for a 20% stake in Wanna Date. According to Bartow, Wanna Date generated $31,000 in sales in its first 10 months of operation.
The company’s sales have been divided into three categories: 10% direct-to-consumer sales through their website, 35% through special events such as Christmas markets, and the remainder through wholesale channels.
Although the Sharks debated the investment opportunity, Mark Cuban agreed to invest $100,000 for 33% equity in the company, along with improvements that could help enhance business operations.
Wanna Date also gained viral traction after appearing on Shark Tank and receiving positive feedback from consumers and reviewers.
Wanna Date is still in business, with its headquarters located in the New York metropolitan area. Customers can purchase their products online via e-commerce platforms like Amazon or at storefronts in seven states across the United States.
The company has reportedly struck a deal with retail giant Whole Foods to stock their products on their shelves. The show was re-aired just before the COVID-19 outbreak, which helped increase online sales.
Mark Cuban’s investment helped fund research and development and allowed Bartow to expand the company’s distribution. In July, Wanna Date debuted at Whole Foods Market stores in the Midwest, and Bartow plans to expand to the Northeast in the fourth quarter.
Wanna Date FAQs
What is Wanna Date?
Wanna Date? is a vegan alternative to dessert spreads that has captivated the interest of the show’s other investors.
Melissa Bartow, the company’s founder and CEO, stated that the investment has enabled her to grow her operations and cease relying on family members for financial assistance.
What became of Wanna Date from Shark Tank?
Wanna Date is still in operation, with headquarters in the New York metropolitan region. You may buy their items online, via e-commerce sites like Amazon, or in storefronts situated in seven states around the United States.
Mark Cuban, did you invest in Wanna Date?
Whereas the Sharks debated whether or not to invest in the company, Mark Cuban agreed to put up $100,000 in return for 33 percent stock and some improvements that may improve business operations. Melissa agreed to the deal.
What flavours are available?
The product is available in five different flavors: original, vanilla, pumpkin spice, chocolate, and cinnamon.
With only 30 calories per serving, it’s an excellent way to satisfy a sweet need without resorting to manufactured sugar.
Dates are a “super food,” containing a high concentration of vitamins, minerals, and fiber.
Melissa wants to spread the word about the goodness of dates around the world, and she would welcome the participation of a Shark.
What is the cost of Wanna Date?
Each jar has a price tag of $12.
What are some applications of Wanna Date?
Wanna Date? is just a blend of natural components that blend together to create a nut butter-like substance without the nuts.
The vegan, allergen-free, and all-natural spread has a variety of applications. You may spread it over your favorite brown bread and consume it whenever you have a sweet urge.
Is Wanna Date still in business?
Yes, it is still in business.
Wanna Date? has been available in retail stores throughout the United States
Where can I buy Wanna Date?
You may order the product directly from their website or by visiting them at one of their stores.
Is Wanna Date available in stores?
Yes, it is available in about 400 retail stores across the United States.
Wanna Date at a Glance
Founded: 2017 by Melissa Bartow
Product: Vegan alternative to dessert spreads
Headquarters: New York, NY, United States
Company Size: 1-10 employees
Industry: Food & Beverage