SubZero Ice Cream is a flash-frozen liquid nitrogen ice cream. This instant ice cream business was started by Jerry Hancock and Naomi Hancock in 2004. As of October 2023, SubZero Ice Cream’s estimated net worth is around $15 million. Furthermore, they’re pulling in a whopping $15 million in annual revenue.
In 2013 they appeared on Season 4 of Shark Tank USA seeking $300,000 for 12% of equity valuing the company at $2.5 million. But the Sharks were not interested in investing in SubZero Ice Cream.
Although SubZero Ice Cream couldn’t secure a deal, the company saw progress after the Shark Tank pitch. By 2013, SubZero Ice Cream had 18 franchises; now, they have expanded to over 34. SubZero Ice Cream comes in a wide range of mouthwatering flavors. You can buy their ice cream through the closest outlet or order online through their website.
SubZero Ice Cream Net Worth
| Net worth | $15 million *estimated (2023) |
| Annual Sales Revenue | $15 million (2023) |
| Profits | – |
| Lifetime sales | $2 million (2012) |
| Investor | – |
| Founders | Jerry Hancock and Naomi Hancock |
| Employees | <25 |
SubZero Ice Cream Net Worth Timeline
| Net Worth 2023 | $15 million |
| Net Worth 2022 | – |
| Net Worth 2021 | – |
| Net Worth 2020 | – |
| Net worth valuation in 2013 before appearing on Shark Tank | $2.5 million (business valuation) |
SubZero Ice Cream Pitch on Shark Tank
| Company name | SubZero Ice Cream |
| Product | Flash-frozen liquid nitrogen ice cream |
| Episode | Season 04 Episode 13 |
| Founders | Jerry Hancock and Naomi Hancock |
| Asked for | $300,000 for 12% equity |
| Final deal | No deal |
| Shark | No shark |
| Location | Provo, Utah |
Don’t miss these products from Season 4
SubZero Ice Cream Founders
Jerry Hancock and Naomi Hancock founded SubZero Ice Cream in 2004. Jerry has a background in chemistry, and his wife Naomi has experience in the food and beverage industry. Along with their professional backgrounds, innovativeness, and entrepreneurial skills, they created a successful business. SubZero Ice Cream’s founders Jerry Hancock and Naomi Hancock’s net worth is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2013 | SubZero Ice Cream appeared on Shark Tank |
| 2023 | Currently, the company has over 34 franchises |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for SubZero Ice Cream and its continued success.
