What Happened to Spoonful of Comfort after the Shark Tank Pitch? Spoonful of Comfort Shark Tank Update
What is Spoonful of Comfort?
Spoonful of Comfort is a care package that they may give to a loved one to let them know they’re thinking of them or to convey their best wishes.
It was originally designed as a care package to deliver to loved ones who were ill. It has gradually evolved to include new packages, such as the Pregnancy Care Package and the Birthday Care Package.
Soups are provided in three varieties: chicken soup, tomato basil soup, and potato leek soup.
Each gourmet care box includes 64 ounces of soup, six buns, six cookies (chocolate chip, oatmeal raisin, or sugar), a serving ladle, and a hand-written message card.
Customers may add tea, inspirational literature, blankets, and other items for an extra fee to the $69 bundle.
There are flash-frozen gel ice packs in the soup. When they receive it, they may refrigerate or freeze it to keep it fresh for a few days.
Who are the Founders of Spoonful of Comfort?
Marti Wymer is the CEO and creator of Spoonful of Comfort. Scott Gustafson, an investor, eventually joined her.
Wymer developed the concept for the company in October 2007, after learning that her mother had been stricken with cancer.
She couldn’t go see her mother since she was in Florida with little children and had just returned from seeing her mother in New Brunswick, Canada.
She pondered how she might console her mother and decided to send her some homemade chicken soup.
Her mother had always soothed her in this manner, so she returned the favour. Unfortunately, her mother died only 6 weeks afterwards.
Wymer founded Spoonful of Comfort to remember her mother by making it simple for people to send delicious gift baskets to loved ones who live far away.
What Happened to Spoonful of Comfort at the Shark Tank Pitch?
Marti and Scott appeared on Shark Tank season 8 episode 1 seeking $400,000 for a 10% stake in their firm. This equates to a $4 million valuation.
They deliver their pitch and convey their tale before giving the Sharks tastes of chicken soup and tomato soup.
The Sharks are appalled that each care package costs $69.99 plus $14.99 delivery.
When they first started, it cost them $18 to attract a customer and $31 to manufacture the goods. When they sold it for $35, they plainly lost all of their margins.
Despite this, they made $100,000 in sales the prior year.
Barbara leaves after she discovers that another investor has placed $1.3 million into the company.
Mark also left, noting that he thought they were in the marketing business, but that they were lousy at marketing and expected the Sharks to take up the slack.
Daymond expressed his enthusiasm for the idea. However, he believed that their target market was too limited and that it would not increase at the existing valuation. He went out grudgingly.
Lori enjoys the soup, but she doesn’t envision a Spoonful of Comfort growing to the point where she can recoup her investment. She believed Marty and her buddy may be able to make it work, but it wasn’t scalable. She went outside.
Robert claims they’ve been in business for five years and still haven’t sorted out the kinks; he’s leaving.
Kevin was well aware that the client acquisition cost was the crux of the problem, but he had no idea how to assist them in lowering it. As a result, he decided not to invest.
The entrepreneurs exited the stage after thanking the Sharks for their time.
What Happened to Spoonful of Comfort after the Shark Tank Pitch?
This company saw some adjustments following the Tank. They have increased their soup selections as well as occasion-based bundles (Get Well, Sympathy, New Parent etc.).
They also have baskets for children.
The two entrepreneurs appear to have taken the Sharks’ advice regarding scalability to heart.
As of August 29, 2017, they announced new cookie-only packaging.
According to their blog, the cookies come with free two to three day shipping, and buyers may order two to four dozen of any of the four various varieties.
Spoonful of comfort also includes a handwritten letter on which you put an advance in addition to the box.
The price for two packets of the cookies is a modest $19.99.
The 2020 Covid-19 pandemic was beneficial to this industry. Since Shark Tank, they’ve earned $68 million in total revenue as of May 20, 2021.
What is Net Worth of Spoonful of Comfort?
Marti and Scott appeared on Shark Tank seeking $400,000 for a 10% stake in their firm. This equates to a $4 million valuation.
Current valuation is evidently higher since the Company has grown.
Who are the Competitors of Spoonful of Comfort?
Spoonful of Comfort’s main competitors include Delfoo, Delivery Hero AG., Eat24 LLC, and Doordash.
Spoonful of Comfort FAQS
What is Spoonful of Comfort?
Spoonful of Comfort is a care package that they may give to a loved one to let them know you’re thinking of them.
How much does a Spoonful of Comfort Gifts set you back?
Spoonful of Comfort care packages and presents with soup begin at $69.99, cookie-only packages begin at $24.99, and seasonal gifts begin at roughly $29.99.
Who founded Spoonful of Comfort?
Marti Wymer is the founder and CEO of Spoonful of Comfort.
How much were they seeking in the Shark Tank?
They sought $400,000 for a 10% stake in their company. This equates to a $4 million valuation.
Did they get the deal from the Sharks?
No, the Sharks did not invest in their Company.
Where is Spoonful of Comfort located?
Spoonful of Comfort is in the Restaurants and Other Eating Places industry and is located in West Valley City, Utah.
Is Spoonful of Comfort still in operation?
Customers have overwhelmingly good reviews for Spoonful of Comfort, praising its excellent meals and high-quality gifts.
The firm is still doing well now, and it was definitely a source of comfort for many people throughout the pandemic.
Spoonful of Comfort’s success rate?
With $68.6 million in revenue, the firm is a fantastic success story that has definitely provided solace to many throughout the epidemic to treat with “Love by the Spoonful.”
When was Spoonful of Comfort aired on Shark Tank?
Spoonful of Comfort was aired on Shark Tank son September 23, 2016.
Where do they currently ship?
They presently ship to any location in the United States of America. They are currently unable to ship outside of the United States, but hope to be able to do so in the future!
Where do the packages ship from?
The shipments are dispatched from Salt Lake City, Utah.
How soon will their order ship?
Orders with Standard Shipping will ship Monday through Wednesday and arrive Wednesday through Friday during the warmer summer months.
Express shipping is offered for a speedier delivery and is available Monday through Friday.
Orders received after 4:00 p.m. Eastern Standard Time will be sent the next business day.
What is the shelf life of their soup?
Soup is sent cold, and the receiver is advised to refrigerate it immediately and consume it within 3-5 days.
They are also invited to freeze the soup and eat it later.
Do their cookies have nuts?
Although the cookies do not include nuts, they are made at a facility that does.
Are they gluten-free?
Gluten-free soups, as well as gluten-free and vegan cookies, are available. Please keep in mind that, while the components are gluten-free, the soups and cookies are made in the same kitchens as their other goods.
What kind of plastic is used for their soup containers?
Polypropylene, an FDA-approved, food-safe material, is used to make their 32-ounce plastic containers.
It is regarded as the industry’s flagship material in terms of safety.
This plastic is BPA-free and devoid of phthalates. It may be utilized in microwaves and is even employed in some surgical and medical instruments.
What is the net worth of Marti Wymer?
Marti Wymer’s net worth is unavailable.
What is the website address of Spoonful of Comfort?
The website address of Spoonful of Comfort is www.Spoonfulofcomfort.com