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 Net Worth
|Net worth||$500,000 (Business Valuation)|
|Annual Sales Revenue||$1 Million (2022)|
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
|Product||Concentrated, espresso-inspired tea shots|
|Episode||Season 07 Episode 20|
|Asked for||$50,000 for 10% equity|
|Final deal||No deal|
|Location||Indian School Rd, Phoenix, Arizona|
Don’t miss these products from Season 7
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.
|2016||Teaspressa appeared on Shark Tank|
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.