What Happened to A Perfect Pear after Shark Tank? Perfect Pear Shark Tank Update
What is A Perfect Pear? Who is the founder of A Perfect Pear?
A Perfect Pear is a gourmet food company founded by Susan Knapp, who wanted to create a unique food “gift set” that focused on the pear as the main ingredient.
She called upon her friends at The Distillery in Hawaii to help with production as they are experts at turning fruit into perfectly-aged booze.
Susan started the company in the late 1990s, and through her passion for cooking and her award-winning Cinnamon Pear Jelly, she was able to expand her business in the early 2000s.
She took a break from her jelly-making activities to care for her mother who was ill with cancer, and it was only then that she realized the popularity of her jelly and the potential for it to be a commercial product.
What Happened to A Perfect Pear at Shark Tank pitch?
Susan Knapp, the founder of A Perfect Pear, appeared on Shark Tank seeking $500,000 in exchange for a 15% stake in her company, which was valued at $3.3 million.
The Sharks were impressed with her sales figures of almost $700,000 and her 650 locations, but were concerned about her 2% profit margin.
Kevin O’Leary offered $500,000 for 70% of the company, but she declined. Daymond John offered $500,000 for 51% of the company and Kevin Harrington offered $500,000 for 50% of the company.
Robert Herjavec joined Harrington’s deal and offered $500,000 for 50% of the company with the understanding that she would retain control.
Susan ultimately accepted Herjavec and Harrington’s offer for $500,000 for 50% equity shares, and exited the pitch with a deal.
What Happened to A Perfect Pear after Shark Tank?
After her appearance on Shark Tank, Susan Knapp, the founder of A Perfect Pear, was unable to finalize a deal with Robert Herjavec and Kevin Harrington.
Despite this, her company continued to grow with a healthy backlog of sales and orders. The products were available in various retail locations and through her direct-sales website. However, despite its success, the company went out of business in February 2010.
Net Worth of A Perfect Pear
The net worth of A Perfect Pear is not available as the company went out of business in February 2010. During the Shark Tank pitch, the company was valued at $3.3 million.
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.
