The Kombucha Shop, Kombucha tea, was started by Kate Field in 2013. As of November 2023, The Kombucha Shop’s net worth is $5 million and they’re pulling in a whopping 2 million in annual revenue.
On November 18, 2018, they appeared on season 10 of Shark Tank USA and made a deal with Barbara Corcoran and Sara Blakely, for $200,000 cash + $150,000 line of credit for 10% equity. The final valuation was $3.5 Million, the Same as the founder’s initial estimate.
In 2021, the company was acquired by Habib Bakshi, With the goal of Brewing and providing the finest organic brewing kit for the people, The Kombucha Shop is still in business. Their products are available on the official website.
The Kombucha Shop’s Net Worth
|Net worth||$5 million (2023)|
|Annual Sales Revenue||2 million (2022)|
|Lifetime sales||$3.2 million (2022)|
|Investors||Barbara Corcoran and Sara Blakely|
|Employees||20 to 30|
The Kombucha Shop Net Worth Timeline
|Net Worth 2023||$5 million|
|Net Worth 2022||$3.6 Million|
|Net Worth 2021||$2.9 Million|
|Net Worth 2020||$2 Million|
|Net worth valuation in 2018 after appearing on Shark Tank||$2 Million|
|Net worth valuation in 2018 before appearing on Shark Tank||$3.5 Million|
The Kombucha Shop Pitch on Shark Tank
|Episode||Season 10 Episode 05|
|Asked for||$350,000 for 10% equity|
|Company name||The Kombucha Shop|
|Final deal||$200,000 cash + $150,000 line of credit for 10% equity|
|Sharks||Barbara Corcoran and Sara Blakely|
Don’t miss these products from Season 10
The Kombucha Shop Founder
The Kombucha Shop was founded by Kate Field in 2013. She is a culinary and nutrition educator. She is very passionate about the business. The Kombucha Shop’s founder, Kate Fields net worth is unknown as of 2023.
|2021||In 2021, the company was acquired by Habib Bakshi.|
|2018||The Kombucha Shop 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 of Sand Cloud and its continued success.