Captain Ice Cream, an ice cream business , was started by Tim Gavern in 2009. Captain Ice Cream net worth was $192,000 at the time of their pitch in 2010 based on the $48,000 offer for an 25% of equity of the company.
They appeared on season 01 of Shark Tank USA in 2010. But the Sharks were not interested in investing in Captain Ice Cream. Captain Ice Cream was only a year old when Tim Gavern appeared on Shark Tank. And The sharks felt that this was too much money for a business that was so early-stage and had so many challenges.
Captain Ice Cream is no longer in business. The company filed for bankruptcy in 2019 and was unable to reorganize. The company’s website and social media accounts are no longer active.
Captain Ice Cream Net Worth
|Net worth||$192,000 (2010)|
|Annual Sales Revenue||–|
Captain Ice Cream Net Worth Timeline
|Net Worth 2023||–|
|Net Worth 2022||–|
|Net worth valuation 2010 after appearing on Shark Tank||$192,000|
|Net worth valuation 2010 before appearing on Shark Tank||$192,000|
Captain Ice Cream Pitch on Shark Tank
|Company name||Captain Ice Cream|
|Product||Ice cream business|
|Episode||Season 01 Episode 13|
|Asked for||$48,000 for 25% Equity|
Don’t miss these product from Season 01
Captain Ice Cream Founder
Captain Ice Cream was founded by Tim Gavern in 2009. Gavern is a serial entrepreneur with a passion for ice cream. He grew up in a family of ice cream entrepreneurs, and he started working in the ice cream business at a young age. The net worth of Captain Ice Cream’s founder, Tim Gavern, is unknown as of 2023.
|2010||Appeared on Shark Tank season 01|
|2016||Captain Ice Cream had over 100 franchise locations in operation|
Some companies that appear on the show have not achieved great success, and Captain Ice Cream was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Captain Ice Cream went out of business in 2019. And the product is no longer available in the market.