Tim Gavern’s family has been involved in the ice cream business, and he started a mobile Captain Ice Cream business to bring happiness to kids. His goal is to franchise the business. Did Tim’s mobile ice cream business get a deal on Shark Tank, and how is his business doing now? Let’s find out.
| Company Name | Captain Ice Cream | |
| Founder/Co-Founder | Tim Gavern | |
| Founded | 2005 | |
| Product | Mobile Novelty Ice Cream | |
| Asked For | $48k for 25% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S1 E13 | |
| Air Date | Jan 29th, 2010 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | Los Angeles, California, United States | |
| Lifetime Sales | $0.3M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Tim came into Shark Tank and asked the Sharks for $48,000 in exchange for a 25% stake in his company. He explained his mobile novelty ice cream business to the Sharks and let them taste the ice cream. He also mentioned that he does not make the ice cream himself; instead, he buys it from third-party vendors.
The mini version of Captain Ice Cream costs around $7,000. Tim mentioned that in 4 hours, he can sell about $200 worth of ice cream, with a profit of $25 per hour. Annually, he expects to easily make between $25,000 and $50,000.
Daymond John said that selling ice cream is a crime for him, so he is out. Kevin O’Leary said that the business is not unique or patentable, so he is out.
Robert Herjavec believes that this business is not investable, so he is out. Kevin Harrington said that this is not a franchise company, so he is out.
Barbara Corcoran said that this business is still in its early stages, so she is out.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counters |
| Final Deals | No Deals |
Captain Ice Cream Shark Tank Update
Tim had to return from Shark Tank without a deal, although he initially didn’t give up and worked on growing his business for 4 to 5 years. He attempted to offer a franchise model but eventually had to shut down his Captain Ice Cream business.
This is our complete update on the Captain Ice Cream business.
You can see updates on more businesses from Season 1 by visiting the link provided below.
