Zookies Cookies Shark Tank Net Worth 2023
Justin and Tom are the owners of a company called Zookies Cookies. They are currently looking for an investment of $50,000 in their company and are willing to give away a 20% ownership stake in exchange for the investment.
Based on this deal, the implied value of their company is $250,000 (which is calculated by dividing $50,000 by 0.20).
Later, they received an offer from Alli Webb to invest $50,000 in their company, but in exchange for a 30% ownership stake.
If they were to accept this offer, the implied value of their company would be $166,666.67 (which is calculated by dividing $50,000 by 0.30).
What is Zookies Cookies? Who Founded Zookies Cookies?
Zookies Cookies is a line of dog treats that uses only natural ingredients such as peanut butter, coconut flour, and sweet potato.
The biscuits can be easily made by adding water to the mix, preheating the oven, and baking for just 30 minutes.
These treats are so delicious that you might even consider trying them yourself. They can last for up to two weeks after baking.
In 2017, Zookies Cookies was founded by Justin Miller and Tom Simon. Justin earned a bachelor’s degree in graphic design from North Carolina University and worked at IBM before launching WedPics. Tom, on the other hand, has a degree in Communications and Political Science from Muhlenberg College and previously worked in marketing.
Despite starting other businesses, both men remain stockholders and board members of Zookies Cookies. The idea for the dog treats came about after Hurricane Harvey hit in 2017.
Justin noticed a shortage of dog treats and decided to bake and sell them online, with all profits going to disaster relief efforts. This initiative raised $1600 and received excellent feedback.
Justin then teamed up with Tom, who is also a dog lover, to start Zookies Cookies. They raised over $26,000 on Kickstarter to launch the company.
Their aim was to create a healthy and nutritious dog biscuit that could be easily baked at home.
After experimenting with different recipes and ingredients, they started selling their ready-to-bake mixes online for $11 per jar or $25 for a three-jar combo pack. They gained a following and received positive feedback from customers.
Zookies Cookies Shark Tank Pitch
After successfully funding their Kickstarter campaign, Justin and Tom were able to expand their snack mix production by moving into a larger commercial kitchen.
Seeking to develop larger, automated equipment that could increase production even further, they approached the Sharks for assistance. In exchange for a 20% stake in their firm, they were seeking $50,000, which valued their company at $250,000.
To prove that their snack mix was appealing to consumers, they handed out samples to the Sharks, who tried them but ultimately did not invest.
However, the duo managed to make $40,000 in sales in just nine months, with a jar costing less than $2 to produce and selling for $10.
Tom emphasized that their snack mix was a great gift idea and projected that they would reach the mid-six figure mark by the end of the year.
Despite Lori’s decision not to invest and Robert Herjavec’s early withdrawal, Alli Webb saw the potential in the product and offered the owners $50,000 for a 30% stake in exchange for reworking the label.
Kevin also made an offer of $50,000 for 33.3 percent, but the entrepreneurs ultimately accepted Alli’s offer.
After striking a deal with Alli, Zookies Cookies received over 1000 orders in less than 24 hours after the episode aired. They began selling on Amazon and launched a new label.
They now use a co-packer to manufacture their product and are actively promoted by Webb in pet specialty retailers.
The men continue to sell their goods at all 17 of the west coast’s convenience stores, and in less than a year after making their deal with Webb, they were selling at a sampling event at one of the Healthy Spot pet stores in season 11. As of June 2021, the company generates $4 million in revenue each year.
Zookies Cookies Net Worth
Justin and Tom are seeking $50,000 in exchange for a 20% stake in their firm. This indicates a value of $250.000.
They accepted an offer from Alli Webb of $50,000 for 30% stake which imply a valuation of $166,666.67.
Zookies Cookies Competitors
Zookies Cookies competes against brands like Raw Dog Chews, Chippin and Shameless Pets.
Zookies Cookies FAQS
Who is the owner of Zookies Cookies?
Justin Miller and Tom Simon of Raleigh, North Carolina are the two dog-loving entrepreneurs behind Zookies Cookies.
How is Zookies Cookies doing?
They received over 1000 orders in less than 24 hours after the program aired.
They’ve started selling on Amazon and launched a new label after the episode aired.
They have grossed $124,000 in the five months since the show aired. As of June 2021, they generate $4 million in revenue each year.
What exactly is a Zookies?
Zookies is a hybrid cannabis strain derived from the cross of Animals Cookies and Original Glue.
As a consequence, a balanced strain that is as delectable as it is strong has been created.
This strain’s terpene profile, fragrance, and taste are all distinct, like sweet nutty cookies with a dash of diesel.
Is Zookies Cookies still in business?
Miller claimed that following his appearance on Shark Tank, “they did ten times the volume they did the entire year prior” and that Zookies Cookies are now available not just in all 17 Healthy Spot boutiques in California, but also in almost 60 retail locations across the country.
Who invested in Zookies Cookies?
Justin Miller and Tom Simon, co-founders of Zookies cookies made their debut appearance on the show on March 3, securing a $50,000 investment from investor Alli Webb in exchange for a 30% stock stake.
How much does it cost to make homemade dog cookies?
It costs under $2 to make a jar and they sell it for $10.
Are Zookies Cookies vegan?
Zookies Cookies are neither vegan nor vegetarian.
Where can they buy Zookies Cookies?
Zookies cookies can be purchased directly from their website, Amazon and west coast stores.
Are Zookies Cookies gluten free?
Zookies products are Gluten Free. GMO Free. Corn & Meat Free. They are also all Natural and Certified Organic by Oregon Tilth.
How many calories are in Zookies Cookies?
Every 2″ treat has less than 20 calories.
What is the business email of Zookies Cookies?
zookiescookies.com.
Who is Alli on Shark Tank?
Alli Webb is an entrepreneur and novelist based in the United States. She co-founded Drybar.
What is the business model for Zookies Cookies?
Zookies Cookies are sold directly to consumers online, through their website and Amazon.
Are Zookies Cookies safe for my dog?
Zookies Cookies are a healthy snack that deliver all the same vitamins and nutritional value as its commercial counterparts.
What is the net worth of Justin Miller?
Unknown.
What is the net worth of Tom Simon?
Unknown.
