The Ice Cream Canteen is a simple thermos-like container that can keep pints of ice cream frozen for up to 4 hours. Ice cream can be taken anywhere through this container. This is the world’s first vacuum insulated container which can keep ice cream cold for a long time.
This company was started by Jordan Stern in 2018. Jordan has a story behind making this product. Jordan has told on his company website that when he went on a road trip in 2017, he took a coffee thermos with him.
He thought that the technology used in thermos works for coffee, so maybe it can work for ice cream as well. Jordan went ahead with this mission and after a lot of design and research, The Ice Cream Canteen was born.
Everyone likes ice cream but it does not feel good to eat after the ice cream melts. When this cream freezes, at the same time it looks tasty to eat ice cream.
If you are going for a road trip or picnic and want to take ice cream with you, then this water-tight container will help in keeping the ice cream frozen.
The founder of this company, Jordan Stern, appeared in Shark Tank Season 14 Episode 18 to expand his company and increase production. This is a great example of the use of technology.
What is The Ice Cream Canteen?
The Ice Cream Canteen is a container made using thermos technology. This container can keep ice cream frozen for up to 4 hours and in a cooler for up to 8 hours.
This container is designed in such a way that it can easily fit a 16oz pint and a 14oz pint size ice cream. If this container is pre-chilled beforehand, it will give better results in keeping the ice cream frozen.
If a pint of ice cream does not fit in it, then you can add ice cream to the container without a pint. You don’t need to worry about leakage because Ice Cream Canteen’s stainless steel Cap has a water-tight seal that prevents every liquid from coming out.
This ice cream canteen is available in 5 different designs and the company also offers custom branding. The cost of this product is $44.99 and this product is also available on Amazon.
|Company Name||Ice Cream Canteen|
|Product||Water 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||Mark Cuban and Lori Greiner|
|Episode (Shark Tank USA)||S14 E18|
|Air Date||Mar 31, 2023|
|Business Status||In Business|
|Headquarters||San Francisco Bay Area, California, United States|
|Lifetime Worth (Sales)||$700k *estimated|
|Go To Amazon||Buy Now|
|Watch On||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. He completed his education in 2012 from California Polytechnic State University-San Luis Obispo.
Ice Cream Canteen Before Shark Tank
Jordan executed his idea and created a product which has now turned into a business. To start the business, on Jul 23, 2019, he launched a crowdfunding campaign on Kickstarter.
Through the crowdfunding campaign, he raised $121,218 from 1,882 backers. After the end of the campaign, he had shipped the product to all the backers in August 2020.
Many people have bought this product on Kickstarter and their opinion is positive about this product. Jordan decides to go to Shark Tank to expand his business.
How Was The Shark Tank Pitch Of The Ice Cream Canteen?
Jordan asks sharks for $100k for 5% equity at $2 Million Valuation after entering Shark Tank. He explained to Shark about The Ice Cream Canteen, how ice cream can be kept frozen for a long time through this product.
Jordan called Mark and did a test in which Mark was burning the ice cream canteen but even after that the ice cream remained frozen.
His design is patent pending and has 3 registered trademarks. This product is currently sold for $44.99 and the landed cost is $7.50. The company’s sales come from the “direct to consumer” and retail ice cream industry.
Revenue was $98,000 in 2021, $185,000 in sales so far in 2022. His net is now above 50%. This 2022 year they are expecting to do $400,000 revenue and net more than 50%.
He started this business with $15,000 and that too by taking credit card debt. Kevin O’Leary offered $100k for 30% equity.
Lori Greiner and Mark Cuban offered $100k cash for 25% equity + $100k line of credit. Jordan counters 15% equity to Lori and Mark. Mark countered a $200k 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
Jordan explained his frozen container to the sharks after entering the shark tank. Many things were discussed between the founder and the shark before taking the funding. The founder also told about the sales report of the company.
We’re following Jordan Stern along with his company 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, this company has been running since 2018. According to us this is one kind of trending product which people are liking a lot.
Everyone likes to eat ice cream, but there is a problem that ice cream cannot be eaten by keeping it outside for a long time. After a few minutes, the ice cream starts melting on its own, but this melting through this container increases the time of the process.
Is The Ice Cream Canteen Still In Business?
The ice cream canteen business was started in December 2018. Jordan has been running this business since that time.
Very few people have reviewed this product on Amazon, but most of the people who have reviewed it are positive. This shows that buyer is satisfied with this product.
The current headquarter of this company is in San Francisco Bay Area, California, United States and may be employing 1-5 people.
Yes, The Ice Cream Canteen is still in business as of April 2023.
frequently asked questions
When Was the Ice Cream Canteen Established?
The Ice Cream Canteen was founded in December 2018 by Jordan Stern.
What Is the Cost of The Ice Cream Canteen?
The Ice Cream Canteen costs $44.99 and is available in 5 different colors.