The Ice Cream Canteen is a container made using advanced thermos technology, designed to keep ice cream frozen for up to 4 hours and in a cooler for up to 8 hours. It can comfortably accommodate both 16oz and 14oz pint-sized ice creams. For optimal performance, pre-chilling the container is recommended to enhance its ability to maintain the ice cream’s frozen state.
If a pint of ice cream doesn’t fit, you can still add ice cream directly to the container without any issues. The Ice Cream Canteen features a stainless steel cap with a watertight seal, ensuring that no liquid escapes.
Available in five different designs, the Ice Cream Canteen can also be customized for branding purposes. It is priced at $44.99 and can be purchased on Amazon.
Company Name | Ice Cream Canteen | |
Founder | Jordan Stern | |
Founded | Dec 2018 | |
Product | Air-tight container that keeps ice cream frozen | |
Asked For | $100k for 5% equity | |
Final Deal | $100k cash for 20% equity + $200k line of credit | |
Shark | Lori Greiner | Mark Cuban |
Episode (Shark Tank USA) | S14 E18 | |
Air Date | Mar 31, 2023 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | San Francisco Bay Area, California, United States | |
Lifetime Worth (Sales) | $700k *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Ice Cream Canteen?
The Ice Cream Canteen Company was founded in December 2018 by Jordan Stern, who completed his education at California Polytechnic State University, San Luis Obispo, in 2012.
How Was The Shark Tank Pitch Of The Ice Cream Canteen?
Jordan Stern entered Shark Tank seeking $100,000 for 5% equity, valuing The Ice Cream Canteen at $2 million. He demonstrated how the canteen keeps ice cream frozen for an extended period, even after being subjected to heat. During the pitch, he performed a test with Mark Cuban, showing that the ice cream remained frozen despite the canteen being burned.
The design is patent-pending, and the product has three registered trademarks. It retails for $44.99, with a landed cost of $7.50. The company generates revenue through direct-to-consumer sales and the retail ice cream industry.
In 2021, revenue was $98,000, with $185,000 in sales reported so far in 2022. The company expects to reach $400,000 in revenue for 2022, maintaining a net margin above 50%.
Jordan launched this business with $15,000, funded through credit card debt. Kevin O’Leary offered $100,000 for 30% equity, while Lori Greiner and Mark Cuban proposed $100,000 cash for 25% equity plus a $100,000 line of credit.
Jordan countered with an offer of 15% equity, and Mark responded with a counteroffer of a $200,000 line of credit for 20% equity.
Finalize: Lori Greiner and Mark Cuban invested $100k cash + $200k line of credit for 20% equity in “The Ice Cream Canteen”.
Ice Cream Canteen Shark Tank Update
After appearing on Shark Tank, Jordan Stern experienced a surge in sales, leading to all products selling out within months. The Ice Cream Canteen was back in stock on June 22, 2023, and is currently available for purchase.
During his pitch, Jordan explained the features of his vacuum-insulated container and discussed various aspects of the business with the sharks before securing funding. He also shared the company’s sales reports, highlighting its rapid growth.
We’ll continue to follow Jordan Stern and The Ice Cream Canteen for further updates.
What Is The Net Worth of Ice Cream Canteen?
The current worth of The Ice Cream Canteen is estimated at $0.5 million. According to LinkedIn, the company has been operating since 2018. This product has become a trending item, gaining popularity among consumers.
Ice cream is a beloved treat, but one common issue is that it melts quickly when left outside for an extended period. The Ice Cream Canteen addresses this problem by significantly prolonging the time before melting occurs, allowing people to enjoy their ice cream for longer.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2023 | TBD |
2022 | $400k *estimated |
2021 | $98k *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
March 2023 | $100k | Lori Greiner & Mark Cuban |
The current headquarters of The Ice Cream Canteen is located in the San Francisco Bay Area, California, United States. The company employs approximately 1 to 5 people.
Yes, The Ice Cream Canteen is still in business as of July 2023.