The Frozen Farmer is an ice cream brand that makes delicious ice creams of different flavors from fresh fruits and veggies. This business was started in 2015 by Katey Evans and Kevin Evans, both of them are farmers and chefs.
Before starting this business, they used to work on their third-generation family farm and they noticed that 20% of their fruits are being wasted. To reduce fruit wastage, they started the frozen farming business.
The customer feedback on The Frozen Farmer’s Ice Cream was positive and they suggested to the founders to go to ABC Shark Tank.
Katey Evans appeared on Shark Tank Season 11 Episode 17 for funding and asked the sharks for $125,000 for 20% equity at a $625k Valuation. They will try to make ice cream available at retail chain stores with this funding.
What Is The Frozen Farmer?
The Frozen Farmer is a food and beverage manufacturing company that primarily deals in ice creams made from fresh fruits.
They make frozen desserts from the recipes of their third-generation family farm. Whatever fruits and veggies ingredients are used to make desserts, all come from their farm.
They have some Sorbet and Frobert dessert which is completely gluten-free. Their different desserts contain calories from 70 to 370. You can buy all their flavors from the company website, Kroger, Walmart, Bakers, etc. retail stores.
|The Frozen Farmer
|Katey Evans and Kevin Evans
|Frozen Ice cream and Dessert
|$125k for 20% equity
|$125k for 30% equity
|Episode (Shark Tank USA)
|Mar 27, 2020
|Bridgeville, Delaware, United States
|Lifetime Worth (Sales)
|Buy and Watch
Another Shark Tank Pitch
Who Is The Founder Of The Frozen Farmer?
The Founder and CEO of The Frozen Farmer Company are Katy Evans and Kevin Evans they are both wife and husband. Initially, both of them used to work on their third-generation farm, but in 2015 they started their own company.
How Was The Shark Tank Pitch Of The Frozen Farmer?
Katy Evans enters Shark Tank to seek funding, and asks sharks for $125k for 20% equity, with a better pitch. She told Shark their products are available in 70+ Delaware stores and have sold $300,000 so far in 2019.
15% of their sales come from Delaware grocery stores and the rest from wholesale sales. Mark Cuban said there are 10,000 people doing the same things, he doesn’t want to be the 10,001 so he’s out.
Kevin O’Leary and Daymond John refused to invest in this business. Lori Greiner offered $125k for a 30% equity, contingent upon a deal with National China. Katy accepted this offer without delay.
What Happened To The Frozen Farmer After Shark Tank?
To get funding from Lori, they entered into the first relationship with Giant Food Store, their products became available in 170+ stores in Pennsylvania, Maryland, Virginia, Washington, D.C., and more.
By 2021, their sales had reached $1 million and by 2022 they had touched sales of $20 million. In July 2022, they got a $2.5 million line of credit from WSFS Bank and by the end of the year, their products were available at 8,000 stores.
The Frozen Farmer brand has sponsored JTG Daugherty Racing’s No. 47 Camaro ZL1 driven by Ricky Stenhouse in the 2022 NASCAR Cup Series.
What’s new on The Frozen Farmer
Last Update: August 1, 2023
By August 2023, their products have become available nationwide at Kroger, Walmart, City Market, Giant, Bakers, and Stop and Shop Retail Stores. In April 2023, their product was featured on “The Sesh” podcast channel.
On February 2023, they made their product available at Fry’s Food Stores. By August 2023, their annual revenue has been $25 million.
The Frozen Farmer Shark Tank Update
The progress report of The Frozen Farmer business was shared in Shark Tank Season 12 Episode 20. Their business was completely shut down due to the COVID-19 pandemic, after the opening of Lokdavan, they got a huge offer from Walmart.
A deal was signed with Walmart after which their products became available at 4300 Walmart stores. Their sales were $300,000 before Shark Tank but later their sales have become more than $1 million annually and $15 Million in committed purchase orders. By 2022, Lori predicted that sales could top $20 million.
What Is the Net Worth of The Frozen Farmer?
The Frozen Farmer’s current net worth is an estimated $10 million. In 2019, this company had annual sales of $300k and in 2023, annual sales have reached $25 million.
The market size of frozen desserts in the United States alone is more than $32.37 billion and is estimated to reach $46.39 billion by 2030.
Is The Frozen Farmer Still In Business?
The Frozen Farmer business was started in 2015 and in 2023 this business has reached a very good position.
All the sharks did not invest in this business but Lori Griener invested in this business and with their guidance the business was valued at more than $10 million.
This Food and Beverage Manufacturing company is headquartered in Bridgeville, Delaware, United States, and employs 11-50 employees, according to LinkedIn.
Yes, The Frozen Farmer is still in business as of August 2023.