Cave Shake is a gluten, dairy, grain-free paleo, and vegan nutritional diet with low carbs and fat. Cave Shake’s Net worth is 10 million USD and is successfully still in business as of 2023. It was featured on Shark Tank Episode 4 Season 10. Billie Cavallaro and Holly Heath were able to secure a deal with Mr Barkley in 2023.
Cave Shake Net worth & How is doing now
As per the latest updates, Cave Shake’s net worth is $10 million. The company is still in business with a growing social media fan base, with 18,000 Instagram followers and more than 2,600 Facebook likes. Also, they have 260 Twitter followers.
The success of the business has delivered the original deal to the founders.
Read Cave Shake Net worth Update (Before & After Shark Tank) in brief here.
|Cave Shake’s Net worth before appearing in Shark Tank
|$1.25 million (business valuation)
|Cave Shake’s Current Net Worth (2023)
|Episode 4 Season 10
|Paleo or Keto diet as a meal replacement
|Billie Cavallaro and Holly Heath
|$250,000 as the investment for 10% equity of the company
|$250,000 as the investment for 20% equity of the company
|Los Angeles, California, United States
What is Cave Shake?
Cave Shake is a nutritional diet with low carbs and fat. This gluten, dairy, grain-free paleo, vegan product is made of organic coconut milk which is rich with triglycerides.
The fat-free keto diet comes in three different flavors; Chocolate, Vanilla & Coffee.
Founders of Cave Shake
Once they have heard eating paleo–keto is good for human health and recovering from fatal wounds they have initiated the business.
What happened at the shark tank
Billie, Holly came into Shark Tank seeking $250,000 for 10% equity of the company.
As per Billie, the cost of making a shake is $1.86 and the retail price is $7.99.
Even though their presentation was exciting some sharks weren’t look so inspired. Okay, let’s jump into the stats. The company’s 2017 sales were $270,000 and in 2018 they have made over $182,000.
They were expecting to bring up the company’s sales to $750,000 however, Kevin and Robert were seems upset due to the third-party agreement of Cave Shake and Lori wasn’t so inspired by the nature of the product. Hence all three of them have stated “out”.
Three sharks are out, one is remaining.
“I enjoyed your company and you two”Charles Barkley at shark tank pitch
Once Charles Barkley had offered $250,000 for 20% equity of the company, Billie and Holly asked for a customer offer in favor.
However, Mr. Barkley find the Product interesting and made a custom offer of $250,000 for 20% equity and Holly said” Yes”.
What happened to Cave Shake after the shark tank
After the Shark Tank show, the company’s appearance on social media has risen and they have changed its product name to “Space Shake”.
Due to the high demand, LA Libations supported winning the Southern California market and now they are available on Amazon.
New flavors and packaging were introduced with low calories per serving.
Cave Shake Review
Below are a few reviews extracted from Amazon.com:
A few reviews on Amazon are generally good, and the company’s Website Reviews are very positive.
According to multiple Cave Shake Reviews, the product does really work well.
Competitors of the company
- Detour Bar
- Chil Frozen
- Yoghurt Bar
- Yo3 Metro LLC