What Happened to A Perfect Pear after Shark Tank? Perfect Pear Shark Tank Update
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What is A Perfect Pear?
The Perfect Pear features many well-known pairings: gin and elderflower liqueur (most usually St-Germain, but other brands are available), a time-honored combination, and champagne is frequently mixed with both.
Susan Knapp was the creator of A Perfect Pear, a gourmet food company. She wanted to create a food “gift set” that featured a single ingredient, the pear.
However production of the Perfect Pear was difficult and time-consuming, therefore she called on her friends at The Distillery in Hawaii where they are experts at turning fruit into perfectly-aged booze.
Who is the founder of A Perfect Pear?
Susan Knapp founded The Perfect Pear out of her passion for cooking and a single product, Cinnamon Pear Jelly.
Susan recognized a market for pear goods in the late 1990’s and decided to build a range of items in addition to her jelly.
Susan earned multiple medals at events such as the California State Fair in Sacramento as a consequence.
These accolades, together with Susan’s consumers’ enthusiasm for her high-quality food items, enabled Susan to develop her concept and make it into a viable business. Susan’s work and enthusiasm enabled her to expand her firm in early 2000.
Although she had won medals at County Fairs and other local events, Knapp was unaware of the popularity of her Cinnamon Pear Jelly until her mother was ill with cancer the following year.
Knapp put her typical jelly-making activities on hold that year to care for her mother. She was taken aback by her coworkers’ and friends’ dismay when her jelly failed to appear around the holidays. Knapp recognized for the first time that she could have stumbled across a commercial product.
What Happened to A Perfect Pear at Shark Tank pitch?
The Sharks get a taste of Susan Knapp and her product line, A Perfect Pear, in episode 102. Her business requires a Shark deal in order to continue developing.
Knapp entered the Shark Tank in seeking $500,000 in exchange for a 15% stake in her firm, which worth $3.3 million.
Kevin O’Leary displays surprise with Knapp’s stats and inquires, “But, do you have sales?” Knapp says that they had sold almost $700,000 worth of merchandise. O’Leary was taken aback.
Kevin Harrington inquires about profit margins. Knapp responds that net profit was 2%, but she anticipates earnings to increase to above 10% in a year.
The items were sold in over 650 locations, and Knapp had over $100,000 in unfilled orders due to a lack of funding to support her manufacturing.
She says that the country’s credit freeze has restricted her financial options. The Sharks agreed that the loan crisis has produced difficulties for a large number of businesses.
Kevin O’Leary reduces the debate to numbers. He offers Knapp $500,000 in exchange for 70% of the company’s stake.
She respectfully declines him instantly. Daymond John offers $500,000 in exchange for a 51% stake in the business. Kevin Harrington takes a stand. He offered $500,000 for a 50% stake.
Robert Herjavec proposes to partner with Harrington in his deal. The 50% equity would leave Knapp with an equal ownership in her business.
“He would not give up the 70% ownership,” O’Leary explains, “since it would mean you would get to work with him, Mr. Wonderful.”
The Sharks were on a feeding frenzy, with everyone vying for a piece of Knapp’s company.
Knapp was weighing the offers. Each would make her an offer of $500,000. O’Leary was seeking a 70% ownership. John was seeking a 51%, while Herjavec and Harrington are seeking a 50% stake.
Knapp wishes to keep control and offers Herjavec and Harrington a 49% ownership in her firm, but they decline, citing that she wishes to retain control.
She hesitates briefly before accepting Herjavec and Harrington’s offer of $500,000 for 50% equity shares and exited the pitch with a deal.
What Happened to A Perfect Pear after Shark Tank?
The deal between Robert and Kevin was never finalized. The firm has a healthy backlog of sales and orders. Knapp continues to build her business as a result of the Shark Tank investment.
The items were always available at a variety of retail locations as well as through her direct-sales website.
The company went out of business in February 2010 after a successful run.
Net Worth of A Perfect Pear
The company valuation was $3.3 million during the pitch. In February 2010 the company went out of business and hence the company net worth is not available.
A Perfect Pear FAQs
What is A Perfect Pear?
The Perfect Pear features many well-known pairings: gin and elderflower liqueur (most usually St-Germain, but other brands are available), a time-honored combination, and champagne is frequently mixed with both.
Who is the founder?
Susan Knapp created A Perfect Pear Food Company in 2002. She is a gourmet cook who realized she could make a living from her passion for cooking and selling her Cinnamon Pear Jelly.
How much was seeking on Shark Tank?
She was seeking for $500,000 for 15% equity shares in the business.
How much did she get from Shark Tank investment?
She got $500,000 for a 50% equity shares in the business from Kevin Harrington and Robert Herjavec.
Is A Perfect Pear still in business?
A Perfect Pear is no longer in business.
Can I still buy A Perfect Pear products?
Customers can’t buy it in stores but they are available on Amazon.com.
How to contact A Perfect Pear?
There is no contact information available.
Where was A Perfect Pear based?
They were based in Los Angeles, California.
How to contact A Perfect Pear?
The company website is now defunct. The company can be contacted via Twitter at @APerfectPear
Did A Perfect Pear offer online ordering?
The company website was taken down in February 2010 due to the demise of the firm.
Was A Perfect Pear a scam?
No, A Perfect Pear was not a scam. The business went out of business in 2010 due to the credit freeze.
What was A Perfect Pear made of?
A Perfect Pear was jelly made from pears, elderflower liqueur, champagne and a splash of gin.
What type of products did A Perfect Pear carry?
The A Perfect Pear has a variety of flavors and ingredients. These included: Cinnamon Pear Jelly – Bakery-quality jellies made from real pears (in flavor variations) and combining 3 great tastes: cinnamon, elderflower, and champagne.
Was A Perfect Pear good foe health?
The company was good for people who want to improve their health and boost their immune system.
How many flavors did A Perfect Pear carry?
It carried 9 varieties of jellies made from real pears, elderflower liqueur, champagne and a splash of gin.
Was A Perfect Pear approved by FDA?
A Perfect Pear was not approved by the Food and Drug Administration.
Did A Perfect Pear carry kosher jellies?
Yes, since the Elderflower Liqueur is Kosher as per Orthodox Rabbinical Agencies.
Was A Perfect Pear gluten-free?
Yes it was gluten-free.
What was the retail price of A Perfect Pear?
The retail price of the products ranged from $8 to $12.
What were the payment methods accepted by A Perfect Pear?
The company accepted payment via PayPal and credit cards like Visa, MasterCard and American Express.
What was the frequency of shipment by A Perfect Pear?
A Perfect Pear ships to continue business in Los Angeles, California. All orders are dispatched within 2-3 days from the date of order. The company does not do pickups or drop-offs.
What is the net worth of Susan Knapp?
The net worth of Susan Knapp is estimated $1.5 million.
