Yum Crumbs Shark Tank Update – Net Worth 2024

Delson Jeanvilma from Edgewater Florida,  appeared on Shark Tank in Season 15 Episode 07. He’s the founder of the company Yum Crumbs. The company is all about making desserts more exciting and yummy.

Yum Crumbs offers these toppings in flavors like strawberry shortcake, chocolate eclair, and banana cream pie. So, you can decorate your desserts with these tasty toppings and make them even more delicious.

Let’s see if Delson’s innovative product can impress the sharks. The sharks involved were Lori Greiner, Mark Cuban, Kevin O’Leary, Daymond John, and Barbara Corcoran. Did the company manage to secure a deal on Shark Tank? If you have missed the episode somehow and want to know more about the outcomes, just read this article to get the whole idea. Let’s get ready to dive in!

Yum Crumbs Net Worth

Delson Jeanvilma asked for a $100,000 investment in exchange for 10% equity in his company. This meant he valued his company at $1 million. He made a deal with Barbara and Daymond for $100,000 in exchange for 20% equity. This new deal valued his company at $500,000. After the show aired, Yum Crumbs 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 Yum Crumbs is about $665,500.

Yum Crumbs Shark Tank Update

What Happened to Yum Crumbs After Shark Tank?

Yum Crumbs has been doing great since their appearance on Shark Tank. They are not only still in business but also expanding their business with DIY dessert kits. Yum Crumbs is a super convenient way to elevate your desserts and the product has become popular among bakers, families, and dessert enthusiasts.

Did Yum Crumbs Get A Deal on Shark Tank?

Yes, Yum Crumbs got a deal with two of the sharks, Daymond and Barbara. They offered $100,000 for 25% equity, but the entrepreneur countered with 20%. The sharks accepted the counteroffer, and Yum Crumbs successfully closed the deal with them.

Shark(s) name	Offer	Demand	Counteroffer	Accepted?
Barbara Corcoran, Daymond John	$100,000	25% stake	$100,000 for 20% stake	Yes ($100,000 for 20% stake)
Lori Greiner	Out	N/A	N/A	N/A
Kevin O’Leary	$100,000	12.5% stake	N/A	No
Mark Cuban	Out	N/A	N/A	N/A

Founder Backstory

Delson Jeanvilma is the founder of Yum Crumbs. He has a family with a real passion for shaking things up in the dessert industry. The idea for Yum Crumbs came to them when they realized just how tedious and time-consuming making crumbs can be, even with their 10+ years of baking experience.

They knew they weren’t alone in facing this challenge, so they went on a mission to find a way to make the process easier while still maintaining that delicious, authentic taste. After a lot of research work, seeking out expert opinions, and gathering all the necessary resources, Delson wanted to streamline the crumb-making process without sacrificing quality.

The product took a lot of testing and making sure to comply with FDA regulations, but finally, in 2020, Yum Crumbs emerged as a brand. But it wasn’t just Delson leading the charge. The whole Jeanvilma family got involved.

Delson, his wife Amanda, their five talented children, and even their grandmother all came together to make Yum Crumbs a household name in the dessert industry. They put their hearts and souls into creating a variety of flavored and candy dessert toppings that would satisfy the cravings of dessert lovers everywhere.

Initial Pitch

The entrepreneur, Delson, walked into the show with his son, Zaydon Jeanvilma, to present his business idea. He was seeking a $100,000 investment in exchange for 10% equity in his company. During their pitch, Delson and Zaydon shared their passion for ice cream and desserts.

They introduced Yum Crumbs as a delightful alternative to traditional sprinkles, offering a unique blend of over 26 different flavors of low-sugar, non-dairy dessert toppings. The founder also highlighted one of their biggest clients, Wawa, a popular convenience store chain that uses Yum Crumbs on their cakes.

Queries About The Product

After the presentation, the products were given to sharks so they could taste them. Barbara was curious about what Yum Crumbs are made of. Deslon explained that it’s like a cookie and a sprinkle had a baby! It has that delicious cookie texture combined with a delightful sprinkle consistency. When it came to sales, the founder told the sharks that Yum Crumbs’ biggest client is the convenience store chain, Wawa and the company had an impressive lifetime sales of $1.7 million, and they’re making it for 3 years now.

A year ago, their sales were $462,000, and they projected to hit just over $900,000 by the end of that year. They started the company in the middle of 2020 with just around $300 in their pockets. They hustled door-to-door, selling their product to as many bakeries as they could find. Their hard work paid off, bringing in $220,000 in sales during their first year. In 2021, they raked in $575,000 in sales.

Furthermore, the entrepreneur said that they’ve just received a big purchase order to be in one of the largest craft stores in the country. The sharks were curious about how they would meet the demand. Delson explained that they have their manufacturing facility, but they’re currently maxed out on capacity. Kevin O’Leary wanted to know about the profit margins for Yum Crumbs.

Delson shared that out of the projected $900,000 in sales, he expects to profit $200,000. Each unit costs $0.42 to make and retails for $5.49. And for those bulk purchases, they sell a 50-pound box of Yum Crumbs.

Sharks’ Responses and Final Deal

After discussion, when it came to investing, Daymond John initially offered $100,000 for 25% equity but then lowered his equity request to 15%. Kevin O’Leary came back with a lower equity offer of 12.5%. In a twist, Barbara Corcoran joined her offer with Daymond John and proposed a deal for $100,000 and 25% equity. Daymond agreed to team up with Barbara for the $100,000 investment and 25% equity.

Kevin O’Leary also threw his hat in the ring with an offer of $100,000 for 12.5% equity. Lori Greiner didn’t make an offer because she felt that Yum Crumbs was more of a business-to-business company, which didn’t align with her investment preferences. Mark Cuban also decided not to make a deal.

However, Delson had a counteroffer for Barbara and Daymond. He requested 20% equity, and Sharks agreed to the revised terms. In the end, the founder walked away with a deal of $100,000 for 20% equity with Barbara Corcoran and Daymond John.

Product Availability

Yum Crumbs is a company that offers a wide range of dessert toppings to make your treats even more delicious. With over 24 flavors to choose from, you can add a burst of flavor and texture to your ice cream, pancakes, cupcakes, donuts, cookies, shakes, and more.

They also have different bundles and collections, including ones curated by Barbara and Daymond with their favorite flavors. Moreover, if you spend $75 or more, you can get free shipping with a special code.

As for the product retail availability, the figures shared by the founder show that each unit costs $0.42 to make and retails for $5.49. Customers can easily get the product simply by placing an order on Yum Crumbs’ official website.

Conclusion

Yum Crumbs had a successful journey on Shark Tank. The innovative business idea impressed the sharks. Daymond and Barbara made a deal with the company together. With this incredible partnership and the support of sharks, the entrepreneur is hopeful about expanding his business and is dedicated to making his mark in the food industry.