Teaspressa, a Concentrated, espresso-inspired tea shot, was started by Allison DeVane in 2015. As of November 2023, Teaspressa’s net worth is $500,000 and they’re pulling in a whopping $1 Million in annual revenue.
On February 26, 2016, they appeared on Season 7 of Shark Tank USA seeking $50,000 for 10% equity valuing the company at $500,000. However, the Sharks were not interested in investing in Teaspressa. Sharks stated that she lacked focus that’s why the founder had to empty-handed.
Teaspressa is still in business. Their products are available on the official website and Amazon.
Teaspressa Net Worth
| Net worth | $500,000 (Business Valuation) |
| Annual Sales Revenue | $1 Million (2022) |
| Profits | – |
| Lifetime sales | – |
| Investor | – |
| Founder | Allison DeVane |
| Employees | 100 + |
Teaspressa Net Worth Timeline
| Net Worth 2023 | $500,000 |
| Net Worth 2022 | $400,000 |
| Net Worth 2021 | $300,000 |
| Net Worth 2020 | $200,000 |
| Net worth valuation in 2016 before appearing on Shark Tank | $1 Million |
Teaspressa Pitch on Shark Tank
| Company name | Teaspressa |
| Product | Concentrated, espresso-inspired tea shots |
| Episode | Season 07 Episode 20 |
| Founder | Allison DeVane |
| Asked for | $50,000 for 10% equity |
| Final deal | No deal |
| Sharks | None |
| Location | Indian School Rd, Phoenix, Arizona |
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Teaspressa Founder
Teaspressa was founded by Allison DeVane in 2015. DeVane’s entrepreneurial journey began in 2015. He is very smart and committed to his work. Teaspressa’s founder, Allison DeVane, has a net worth of USD 500,000 as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Teaspressa appeared on Shark Tank |
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 Teaspressa and its continued success.