Frozen Farmers, the ice cream and dessert brand founded by Katey and Kevin Evans, has experienced remarkable growth since its inception in 2015.
As of 2024, Frozen Farmers is valued at an impressive $15 million, with annual revenue reaching $3 million.
The company’s success has been fueled by its innovative frozen desserts, which are now available in over 8,000 stores worldwide.
The brand gained national attention when it appeared on Season 11 of Shark Tank in March 2020. During the episode, the Evans family pitched their frozen ice cream and dessert business to the sharks, seeking $125,000 for 20% equity.
Lori Greiner, one of the sharks, agreed to invest in their business, but the final deal was modified to $125,000 for 30% equity. The valuation at the time of the deal was $416,000, which was lower than the initial estimate of $625,000 by the founders.
Frozen Farmers has since proven its business model and product appeal, growing significantly from its pre-Shark Tank valuation.
Their lifetime sales have reached $20 million, and the company’s net worth skyrocketed to $15 million by 2023.
This growth reflects the strong demand for their innovative and delicious desserts, and their products continue to make an impact in the frozen food industry.
Frozen Farmers’ Financial Timeline
2023: Net worth of $15 million, annual sales of $3 million, and profits of $1.8 million.
2022: The company’s net worth was $9 million.
2021: Frozen Farmers’ net worth was estimated at $4 million.
2020: Pre-Shark Tank, Frozen Farmers had a valuation of $625,000, which was later revised to $416,000 after the deal with Lori Greiner.
Founders’ Background and Achievements
Frozen Farmers was founded by Katey Evans and Kevin Evans, a married couple from Bridgeville, Delaware. Katey, who started her entrepreneurial journey at just 12 years old, has successfully turned Frozen Farmers into a family business.
With her background and dedication, along with Kevin’s support, the duo has created a brand that resonates with consumers seeking high-quality, innovative frozen desserts.
Key milestones for Frozen Farmers
2020: Appearance on Shark Tank.
2022: Their products were available in over 8,000 stores worldwide.
Frozen Farmers Today
Frozen Farmers continues to thrive under the guidance of Lori Greiner and their ever-expanding team, which now includes 28 employees.
Their products are available both on their official website and in a wide range of retail locations.
Frozen Farmers is poised for even more success, as their innovative products appeal to a growing market that values quality, convenience, and uniqueness in their frozen treats.
Frozen Farmers’ journey from Shark Tank to becoming a successful business with a $15 million net worth is an inspiring story of entrepreneurial perseverance and strategic growth.
With continued dedication to their craft and the support of key partners like Lori Greiner, Frozen Farmers is set to continue its upward trajectory in the frozen dessert industry.
