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In Season 14, Episode 18 ofShark Tank, Jordan Stern walked into the tank asking for $100,000 to fund his business, The Ice Cream Canteen, offering just 5% equity in return. What followed was one of the most dramatic showdowns the show has ever seen!
Lori Greiner and Daymond John locked horns in a heated battle for the deal. It quickly became one of those“sit on the edge of your seat”moments as the two sharks went head-to-head, here is what happened!
Inside one of the most intenseShark Tankshowdowns!
In Season 14, Episode 18 ofShark Tank,Jordan Stern pitched his business, The Ice Cream Canteen, asking for $100,000 in exchange for 5% equity. To show off the canteen’s impressive ability to keep ice cream frozen, Stern hadMark Cubanblast it with a blowtorch until the surface hit 425°F. Inside, the pint of ice cream stayed perfectly cold!
With a retail price of $44.99 and a cost of only $7.50, his business was on track for $400,000 in revenue that year, with a solid 50% net margin.
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But things heated up when it came to the offers. Kevin O’Leary offered $100,000 for a whopping 30% stake, which Stern very sternly rejected.Daymond Johnwasn’t happy with the low equity being offered for such a big investment and quickly bowed out. Then came the real showdown,Lori Greinerand Mark Cuban teamed up, offering $100,000 with a $100,000 line of credit for 25% equity.
Greiner, who had a successful history with frozen treats and Cuban’s Ice Shaker, was confident that they were the perfect fit. But John wasn’t done yet, he wasn’t a fan of the deal and made it clear, to which Greiner said,
You know what… you making an offer right now?
In the end, Stern countered the offer, asking for 15%, but Cuban hit back with 20% and a bigger line of credit.
After a brief attempt by guest shark Daniel Lubetzky to swoop in, Stern decided to call it and accepted Cuban and Greiner’s deal, leaving Daymond and Lubetzky with their jaws on the floor.
Where is The Ice Cream Canteen now?
The Ice Cream Canteen has managed to carve out a strong presence in the market and remains popular, still offering its sleek, functional design in a variety of colors. Available for purchase through the company’s own website, it’s also sold on platforms like Amazon and Uncommon Goods, making it easily accessible to ice cream lovers everywhere.
Lori Greiner, who invested in the company, has been a key part of its continued success, regularly promoting the product. In fact, she even held a holiday giveaway on herInstagramin 2023, where lucky followers could win an Ice Cream Canteen, further boosting its visibility.
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The Ice Cream Canteen has also gone beyond its original offering by partnering with some well-known brands like Salt & Straw and Weston Table. These collaborations have allowed them to create customized canteens, laser-engraved or printed with the logos of these artisanal ice cream companies, adding a personal touch that appeals to both fans and collectors.
To make the product more appealing, the company often offers sales and promotions on its website, providing discounts and even free shipping offers. And for customers looking for peace of mind, every order comes with a lifetime warranty, showing just how much the company believes in the quality and longevity of their product.
Although the steep price tag initially raised some concerns for the Sharks as well as the people in general, The Ice Cream Canteen has proven that with the right promotion, partnerships, and deals, it’s become an essential item for ice cream enthusiasts everywhere.
Watch the full segment here:
Sampurna Banerjee
Articles Published :1803
Sampurna Banerjee is an Entertainment Writer at FandomWire, and she’s written over 1,700 articles! She covers everything from celebrity news to the latest superhero buzz, streaming shows, and fan theories. If it’s trending in pop culture, Sampurna’s probably already on it.When she’s not working, you’ll probably find her rewatching The Office (again), getting into debates about Marvel’s timeline, or diving deep into Christopher Nolan movies for the hundredth time. She’s not just writing about entertainment, she’s living it.
