In Season 10 Gwen and Christine Nguyen made an appearance on Shark Tank to make a pitch for their company, Maven’s Creamery.
They wanted to buy 10% of their business for $400,000. In order to grow their company and meet demand, they sought a strategic partner. They established a distinctive creamery that specializes in producing mouthwatering, premium ice cream.
Since their product was already well-liked, they wanted to make it even better. The sisters wished to expand their business with the aid of a shark. They had made over $1 million in sales and projected $2 million by the end of the year. The Sharks questioned them about their financials and the shelf life of their product during their pitch.
Will the entrepreneur get a deal on Shark Tank? Check out Mavens Creamery’s update to find out!
Mavens Creamery Net Worth Shark Tank Update 2025
Gwen and Christine Nguyen asked for a $400,000 investment in exchange for 10% equity in their company, Maven’s Creamery. This meant they valued their company at $4 million. They made a deal with Barbara for $400,000 in exchange for 25% of their company. This new deal valued their company at $1.6 million. After the show aired, Maven’s Creamery saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Maven’s Creamery is about $2.57 million.
In our Mavens Creamery update research, Gwen and Christine did not complete the agreement with Barbara Corcoran after the episode aired. But the business did keep growing and expanding. Maven’s Creamery’s annual sales have risen to $3 million since the show. Getting their products into Whole Foods stores in multiple regions allowed them to reach a wider audience.
Additionally, the business has kept up an active website. Customers were able to place their product orders online as a result. Despite failing to close the deal with Barbara, the sisters put a lot of effort into building their brand and expanding the company. The company is still operating and doing well as of 2024. In the ice cream industry, Maven’s Creamery is a well-known brand thanks to its increased distribution and product offerings.
In terms of a Mavens Creamery update, Mavens Creamery was able to get the deal they had hoped for. They had demanded 10% of their business in return for $400,000. The sisters had initially requested 10% equity, but Barbara Corcoran offered $400,000 for 25%. Gwen and Christine agreed to the terms of the agreement after a quick discussion. However, following the show’s airing the deal was never finalised.
The business kept expanding even though they were unable to secure the deal they requested. The sisters put a lot of effort into growing their company and as a result, their annual sales reached $3 million.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | $200k + a $200k line of credit for a 33.3% stake | #1 $200k + a $200k line of credit for a 20% stake #2 $200k + a $200k line of credit for a 25% stake | yes to 2nd offer |
| Kevin O’Leary | out | N/A | N/A |
| Daymond John | out | N/A | N/A |
| Mark Cuban | out | N/A | N/A |
| Lori Greiner | out | N/A | N/A |
Mavens Creamery Shark Tank pitch
The sisters, Gwen and Christine Nguyen, founded Maven’s Creamery because they both loved ice cream. Their passion for creating delectable frozen treats and their desire to make something unique gave rise to the business idea. Gwen and Christine wanted to provide a premium ice cream that was distinctive and suitable for all palates.
They desired that their goods be accessible to a large market and be manufactured using the finest ingredients. Their shared desire to create something that would have a lasting impact and their love of family served as the inspiration for their business.
Maven’s Creamery was difficult to develop in the beginning. The sisters put a lot of effort into honing their ice cream recipes and making sure they were providing a product that stood out from the competition. They encountered challenges in managing the production process and locating premium ingredients. The sisters were determined to realize their dream in spite of these obstacles.
They aimed to give their customers a product they would love and make each scoop an unforgettable experience.
Gwen and Christine gave the Sharks a presentation of their product and business plan when they first stepped into the Shark Tank. They had a similar love for ice cream and a similar ambition to grow their company. They requested $400,000 for ten percent of the business. They clarified that the funds would enable them to grow their company and meet the increasing demand.
The sisters discussed how they had already made over $1 million in sales and their current level of success. They estimated that by the end of the year, their sales would reach $2 million. Additionally, they clarified that they required a strategic partner to assist them in growing their brand and business. The sisters had faith in the success of their business and their product.
They gave the Sharks a taste of their ice cream and they responded favourably. The Sharks could see growth potential in the product, which was flavourful and creamy. However, the Sharks wanted to learn more about the business’s finances and the difficulties they would encounter when growing it. This prompted a number of inquiries, which in turn sparked the negotiation process.
During the pitch, the Sharks asked a number of questions regarding the product. Kevin O’Leary was worried about how long the product would last on the shelf and whether it would go bad quickly. How long would the ice cream last before it was no longer usable? He was reassured by Gwen and Christine that their product would last for at least six months. Kevin’s worries about the product spoiling were allayed by this.
The Sharks were also interested in the company’s financials. They were interested in learning the revenue and profit margins of Maven’s Creamery. Gwen and Christine clarified that they had already generated more than $1 million in sales that year and anticipated making $2 million by the year’s end. The Sharks wanted to know if the company was profitable and what its margins were. The sisters clarified that they were putting a lot of effort into growing the company and reaching a wider audience and they had a sound financial plan.
The financial figures and margins raised doubts in Mark Cuban’s mind. He thought the business was not profitable enough to last over the long haul. Mark ended the deal as a result of this. Daymond John and Lori Greiner were among the other Sharks who left for comparable reasons. The sisters maintained their confidence in their product in spite of this.
Barbara Corcoran was the only one who continued to be interested in making an offer as the talks went on. She recognized Maven’s Creamery’s potential and thought that with the correct backing, the business could succeed. Barbara offered $400,000 for a quarter of the business. Gwen and Christine accepted Barbara’s terms despite their initial request for 10% equity.
With Barbara as the only Shark remaining in the game, the negotiating process officially began. The chance to collaborate with Barbara and advance their company thrilled the sisters. Barbara provided insightful counsel on how to grow the company and boost profitability. She also conveyed her faith in the products and the business’s potential for success. After a bit of discussion, Gwen and Christine agreed to the offer of $400,000 in exchange for 25% equity. The sisters thought this was a big step that would help them reach their business objectives.
What Went With Mavens Creamery on Shark Tank?
Barbara Corcoran did make Maven’s Creamery an offer, but the deal was never completed. The cause of this was not entirely revealed, but it seems that the sisters and Barbara could not agree once the show aired. Even though the deal was not finalised the business grew and prospered. Their distribution was extended and their sales grew dramatically.
The primary obstacle that might have kept the deal from closing was the Sharks’ worries regarding the company’s earnings and profit margins. A few of the Sharks believed that the company was not yet profitable enough to warrant the investment. As a result, they decided to back out of the deal.
Product Availability
A variety of delectable and distinctive ice cream products are available from Maven’s Creamery. The ice cream comes in a range of flavors and is made with premium ingredients. In order to reach a wider audience the company has grown to include Whole Foods stores in multiple regions. The company’s website allows customers to buy Maven’s Creamery products online as well.
The products can be bought online and in physical retail stores, and they are priced reasonably. The ice cream is a fantastic choice for anyone seeking a high-quality and carefully crafted treat that is flavourful and creamy.
Conclusion
Maven’s Creamery had an interesting journey on Shark Tank. Despite some difficulties with the Sharks the business eventually kept expanding and prospering. Gwen and Christine were successful in getting their products into Whole Foods and growing their sales to $3 million annually. The fact that they were unable to complete the deal with Barbara Corcoran did not deter them.
They put a lot of effort into growing their company and have remained successful. Maven’s Creamery is still operating and providing customers with delectable ice cream as of 2024. The sisters have built a strong brand and are on track for continued success.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
