Souper Cubes Net Worth
Founded by Michelle Sendowski and Jake Sendowski in 2017, Souper Cubes is a company that makes food-grade silicone trays to help consumers organize, store, and portion food. The company’s product is dishwasher safe and BPA-free. It was first introduced as a line of freezer trays, but the founders have since expanded their product line to include a variety of other food-related products. They sell a variety of products in retail stores, but the majority of their sales come from the Souper Cubes official website. The company shares recipes and food hacks on its website. It offers free shipping when you spend over $50. The company has a five-star rating on Amazon and has earned over 3,000 five-star reviews on its website.
Souper Cubes was featured on Shark Tank Season 13 Episode 21. The company was originally valued at around $3 million, but after appearing on the show, the value of the company increased three-fold. The founders’ pitch had Sharks intrigued. They told Mark Cuban that they’d like to invest in the company. The investors agreed that it was a good investment. The founders were able to secure a deal for $400k for a 5% stake in the company.
Currently, Souper Cubes has a value of $8 million. The company has made over $14 million in lifetime sales. Before their appearance on Shark Tank, the couple had generated more than $1.6 million in sales. They sold the product to online retailers such as Amazon and Williams Sonoma. They also had a successful retail presence. They stocked their product at Sur La Table and Bed Bath & Beyond stores. As a result of their Shark Tank appearance, Souper Cubes was able to expand their retail presence and increase their sales.
The founders have a combined net worth of $3 million. During their appearance on Shark Tank, they sought out a partner for a 5% stake in the company. In the beginning, the couple used their own money to fund the startup. During their first year of business, they were able to secure nearly a million dollars in sales.
Souper Cubes is currently looking for a new partner to help them promote their products and market them. The couple is interested in a deal for $400,000 for a 5% stake in the company. They also hope to receive a royalty of 40 cents per unit sold. Kevin O’Leary also made several offers to the Sendowskis. He offered two different types of offers. One offer was for a 15% stake with a royalty. The other offer was for a 3% stake plus a royalty of 40 cents per unit.
Souper Cubes continues to be a growing company. The couple has expanded their product line, which now includes a stoneware baking dish, breastmilk tray, and cookie tray. They have also expanded their retail presence to Walmart, Walmart Canada, and Bed Bath & Beyond. In the past year, Souper Cubes made $940,000 in sales. They are aiming for more than $1.6 million in sales in 2020.
