Coffee Joulies Net Worth 2023 Update (Before & After Shark Tank)
Coffee Joulies, a coffee heat product, was started by Dave Petrillo and Dave Jackson in 2011. As of 2023, Coffee Joulie’s net worth is $5 million, and they’re pulling in a whopping annual revenue is <$5 million. However, as of September 2023, the company’s current status is not clear.
In February 2013, they appeared on Season 04 of Shark Tank USA and made a deal with Kevin O’Leary, Lori Greiner, Robert Herjavec, and Daymond John. The deal was $150,000 in exchange for a $6 royalty for retail, $3 royalty for wholesale, and $1 in perpetuity after an investment is recouped.
As of September 2023, their website is not working, but you can still buy their products on Amazon, which include Coffee Joulies, Booze Joulies, and glass mugs. Their Facebook page hasn’t seen updates since September 2017, and their Instagram account has been removed. In September 2023, it’s unclear whether the company is still operating.
Coffee Joulies Net Worth
| Net worth | $5 million (As of July 2023) |
| Annual Sales Revenue | <$5 million |
| Profits | – |
| Lifetime Sales | – |
| Shark Tank Investor | Kevin O’Leary, Lori Greiner, Robert Herjavec, and Daymond John |
| Founder | Dave Petrillo and Dave Jacksonin |
| Employees | – |
Coffee Joulies Net Worth Timeline
| Net Worth 2023 | $5 million (As of July 2023) |
| Net Worth 2022 | $5 million |
| Net Worth 2021 | $3 million |
| Net worth valuation 2013 before appearing on Shark Tank | $3 million |
Coffee Joulies Pitch on Shark Tank
| Company name | Coffee Joulies |
| Product | Stainless Steen Beans That Absorb Heat To Keep Coffee At The Perfect Temperature |
| Episode | Season 04 Episode 13 |
| Founders | Dave Petrillo and Dave Jackson |
| Asked for | $150,000 for 5% equity |
| Final deal | $150,000 in exchange for a $6 royalty for retail, $3 royalty for wholesale, and $1 in perpetuity after investment is recouped |
| Sharks | Kevin O’Leary, Lori Greiner, Robert Herjavec, and Daymond John |
| Location | Brick, New Jersey, USA |
Coffee Joulies Founders
Coffee Joulies was founded by Dave Petrillo and Dave Jackson in 2011. They are mechanical engineers by profession. Their work with Sherrill Manufacturing began in 2011, and this experience motivated them to develop the initial version of Coffee Joulies. This inspiration stemmed from a previous experiment they had conducted to open their own business. Coffee Joulies’s founders, Dave Petrillo and Dave Jackson have a net worth of 4.3 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Back in 2016, the company’s worth was estimated to be $5 million |
| 2013 | The company appeared on Shark Tank Season 04 and got deals from four Sharks |
Conclusion
From their beginnings on Shark Tank and its status as a thriving business, they have proven that with the right idea and execution, anything is possible. But as of September 2023, the company still in business is unclear, and their website is not working now. Perhaps their website domain expired. We are waiting for the update about Coffee Joulies company’s future.
