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SubZero Ice Cream Net Worth 2023 Update (Before & After Shark Tank)

"SubZero Ice Cream Net Worth 2023 Update

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
FoundersJerry 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 nameSubZero Ice Cream
ProductFlash-frozen liquid nitrogen ice cream
EpisodeSeason 04 Episode 13
FoundersJerry Hancock and Naomi Hancock
Asked for$300,000 for 12% equity
Final dealNo deal 
Shark No shark 
LocationProvo, Utah

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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

YearAccomplishment
2013SubZero Ice Cream appeared on Shark Tank 
2023Currently, 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.

What do you think?

Written by GAG Team

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