Every day, millions of people face the same dilemma: tea or coffee? Coffee lovers often praise its boldness, energy boost, and versatility. But what about tea drinkers? Tea is often seen as light, calming, and not as exciting as coffee. This leaves many tea lovers feeling left out of the fun coffee culture offers. Allison DeVane saw this gap and decided to create something entirely unique, Teaspressa.
Teaspressa combines the richness of coffee with the health benefits of tea. It offers tea shots brewed like espresso, making tea drinks thicker, creamier, and more satisfying.
During her appearance on Shark Tank Season 7, Allison presented her idea to the Sharks. She hoped to revolutionize tea culture. The entrepreneurs requested $50,000 for 10% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Teaspressa update to find out!
Teaspressa Net Worth Shark Tank Update 2025
Allison DeVane went on Shark Tank asking for $50,000 for 10% of her company. This meant she thought her business was worth $500,000. She did not make a deal with any Shark. The episode was aired in March 2016. Teaspressa continued growing, selling tea concentrates and café products nationwide. With strong online and retail presence, the current net worth of Teaspressa is estimated to be around $3.2 million in 2025.
Allison didn’t get a deal on Shark Tank. But she didn’t let that stop her. She worked hard to grow her business after the show. Today, Teaspressa is thriving. The company’s annual revenue reached $1 million by 2022. They sell a variety of products, including their popular tea shots and unique sugar cubes that add flavor to drinks.
While Teaspressa had multiple storefronts before the pandemic, most of them closed due to the challenges it brought. However, one store remains open. Allison also sells her products through the Teaspressa website and Amazon. Her hard work and determination have kept the business successful.
Allison did not get a deal on Shark Tank. Despite her passion and innovative ideas, the Sharks felt uncertain about the business.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Teaspressa Shark Tank pitch
Allison DeVane always had a love for tea. But she noticed something was missing in the tea world. Coffee had all the excitement and creativity, while tea was seen as boring and plain. She wanted to change that. She began experimenting with brewing tea in a way that mimicked espresso. This led to the creation of Teaspressa, a line of concentrated tea shots that could be used to make latte-style tea drinks.
Starting out wasn’t easy. Allison faced many challenges, including perfecting the brewing process and finding a way to market her idea. She worked hard to get her patent pending and partnered with a local store in Phoenix to showcase her products. These early efforts laid the foundation for Teaspressa.
Allison came onto Shark Tank with a clear vision. She wanted to make Teaspressa the “Starbucks of tea.” She asked for $50,000 in exchange for 10% equity in her company. Allison explained that her tea shots were brewed like espresso, creating a richer and more concentrated tea experience. The Sharks were intrigued, especially when they tried the samples. Lori Greiner even commented that the drinks tasted like dessert.
She told the Sharks about her patent-pending brewing process and the teapot she used. She also shared that Teaspressa was the exclusive tea provider for one store in Phoenix. Within five months, her business had made $26,000 in sales. Keep reading our Teaspressa update to see what happens next!
Each Shark had questions about Teaspressa and its business model:
Robert Herjavec asked what the business actually was. Allison explained that Teaspressa offered a unique way to brew tea, making it thick and concentrated like espresso. This allowed customers to create tea lattes and other fun drinks.
Kevin O’Leary wanted to understand the product better. He was confused about whether Allison was selling a product or a process. She clarified that she had a patent pending for her brewing method and teapot.
Barbara Corcoran felt Allison wasn’t communicating her ideas clearly. She asked for more details about the business’s future plans. Allison explained her vision to make Teaspressa the Starbucks of tea.
Mark Cuban was concerned about the lack of focus on the business model. He asked how Allison planned to grow the company. She shared her ideas for expanding through more partnerships and product lines.
Lori Greiner liked the product but felt Allison needed to focus on smaller steps before aiming big. She decided not to invest.
Mark Cuban appreciated Allison’s passion but didn’t think the business had a clear direction. He went out.
Barbara Corcoran felt Allison struggled to communicate her ideas effectively. She didn’t see the potential and went out.
Kevin O’Leary didn’t fully understand the product and went out.
Robert Herjavec liked Allison’s enthusiasm but felt the business lacked focus. He also went out.
With no offers on the table, Allison left the Tank without a deal.
What Went Wrong With Teaspressa On Shark Tank?
Several factors contributed to Teaspressa not getting a deal:
Allison struggled to clearly explain her business and product. This left the Sharks confused about what Teaspressa actually offered. The Sharks felt the business model wasn’t focused enough. They wanted a clearer plan for growth. While the product was unique, the Sharks weren’t convinced there was enough demand for it. With only $26,000 in sales in five months, the business was still in its early stages, making it a risky investment.
Product Availability
From our Teaspressa update research, Teaspressa is still in business. The company offers a wide range of products, including its signature tea shots and flavored sugar cubes. These sugar cubes can transform a simple drink into a flavorful experience. Customers can purchase Teaspressa products through their website, Amazon, and the remaining storefront. The products are reasonably priced, making them accessible to tea lovers everywhere.
Conclusion
Teaspressa’s journey on Shark Tank may not have ended with a deal, but it was far from a failure. Allison DeVane’s determination and innovation have helped her build a successful business. Today, Teaspressa continues to grow, offering unique products that bring excitement to the tea world. Allison’s story proves that even without a Shark Tank deal, hard work and passion can lead to success. Stay tuned for future updates about Teaspressa and its exciting journey ahead!
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
