“Magic Dates ” got featured on Shark Tank USA in 2022 March. It was founded by Diana Jarrar.
Magic Dates net worth in 2022
Here is an update on Magic Dates’s net worth so far.
|Magic Dates’s Net worth before appearing on Shark Tank||1.5 Million USD (business valuation)|
|Magic Dates’s Current Net worth (2022)||650,000 USD|
Magic Dates’s founder Diana Jarrar has a net worth of 500,000 USD as of 2022.
Walnut is a healthy natural food with many beneficial medicinal properties for the human body. And there are many health benefits from coconut as well. Everything a palm tree produces has some beneficial qualities, and many businesses use it to make their products.
Using its unique recipe, the Magic Dates brand also produces these sweets using coconut and walnuts. So, let’s see details about What happened to Magic Dates after Shark Tank.
What is ‘Magic Dates’?
Shark Tank Season 13 Episode 17 featured a snack company called Magic Dates. Walnuts, coconut, dates, and other nutritional ingredients are used in this product. Dates are the primary ingredient in this Middle Eastern-inspired snack, made using traditional methods and ingredients from the Arab world. California, United States, is where they are based.
Who is the owner of Magic Dates?
Diana Jarrar is the founder and owner of Magic Dates. Diana is a child of Syrian and Palestinian parents in Damascus, Syria. Due to her preference for healthful foods, Diana has swapped out apples for walnuts in her diet. According to the founder, food is a big part of her life, and she often helps her mother in the kitchen.
What happened at the Shark Tank?
Diane asks for $150,000 in exchange for 10% of her company when she enters the Shark Tank. She describes how she came to love going on dates. They are free of dairy, sugar, and gluten. They are well-liked by the sharks. Diana reveals that she contributed to creating Coconut Girl, a business Mark backed in season 11. She didn’t attend law school to start her business because this gave her access to a new world.
Diana began in 2018 at a farmer’s market and made $30,000 that year in sales while being in 30 stores. She had $100,000 in 2019. She has a projected $175,000 for 2021 (the segment was recorded in September 2021), up from the 2020s $136,000 total. Retail accounted for the majority of sales.
They are sold for $4.99 to $5.99, and each package costs $1.60 to land. She wanted to do more direct-to-consumer business. She admits that her packaging is brand-new.
Mark claims that changes in packaging show a decline in sales, so he is out. Robert is out because he doesn’t see the growth as an investor. Daymond claims he’s out and that it’s not his place. Although Lori believes she should return to law school, the atmosphere there is too crowded for her. Although Kevin finds Diana impressive, he disapproves of the sales figures. He makes a $150,000 offer in exchange for 33.3% of the company. Diana raised her objection to 20%. Kevin is stuck at 33.3 percent. Diana agrees to Kevin’s proposal.
Magic dates Shark Tank update
Her sales increased significantly after she appeared on Shark Tank. Orders are coming in from all over the United States.
Also read: What happened to Hamdog after the shark tank
What happened to Magic Dates After the Shark Tank?
Their ‘Dates Nutrition Snack recorded’ double sales after Shark Tank. They were aware that the demand for their product would temporarily increase if they appeared on Shark Tank. However, there is no clear evidence about the close of the deal.
Competitors of Magic Dates
Many competitors appeared on Magic Dates after Shark Tank’s presence. However, no competitor has a secret recipe for Diana. So, there is no 100% alternative product.