The Frozen Farmer - Shark Tank Update

The Frozen Farmer -

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Season 11, Episode 17 Founded by Katey Evans In Business

The Frozen Farmer Details

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Shark Tank Episode Details

Founders Katey Evans
Air Date 2020-03-27
Season & Episode Season 11, Episode 17
Initial Ask $125K for 20.0% equity
Deal Details Got deal: $125K for 30.0% equity from Lori Greiner
Estimated Yearly Revenue Unknown
Estimated Net Worth (4x estimated revenue) Unknown

The Shark Tank Pitch

Agricultural tradition met innovative entrepreneurship when former Miss Delaware Katey Evans married into a third-generation farming family in Bridgeville, Delaware, and discovered the shocking reality that 20% of their perfectly edible produce never reached consumers due to cosmetic imperfections, inspiring her to create The Frozen Farmer as a mission-driven solution that transformed food waste into premium frozen desserts. Her husband Kevin's family farm had been feeding communities for generations, but Evans recognized that conventional agricultural distribution systems were systematically wasting enormous quantities of nutritious fruits and vegetables simply because they didn't meet arbitrary aesthetic standards imposed by grocery retailers and consumers.

The entrepreneurial breakthrough came when Evans began experimenting with turning these 'misfit' fruits into artisanal ice cream and sorbet, developing recipes that showcased the superior flavor of tree-ripened produce while creating an entirely new revenue stream that supported both environmental sustainability and the farm's economic viability. The Frozen Farmer's production facility featured an open kitchen concept where customers could witness the transformation of imperfect but delicious fruit into premium frozen desserts, creating transparency and educational value that resonated with increasingly conscious consumers who appreciated knowing the story behind their food.

The company's impressive product line included 31 ice cream flavors, 8 sorbet varieties, and 4 'nice cream' blends that combined elements of both, all crafted using locally sourced ingredients that celebrated seasonal availability and regional agricultural abundance while maintaining consistently high quality standards. Evans had successfully built distribution through multiple channels including their on-farm roadside stand, mobile ice cream truck, company website, approximately 200 regional grocery stores, and partnerships with local restaurants, generating $310,000 in annual sales by the time of filming while proving that sustainable business practices could create profitable enterprises.

Seeking $125,000 for 20% equity and valuing her sustainable dessert company at $625,000, Katey entered Season 11 with a compelling story that combined environmental responsibility, agricultural innovation, and delicious products, confident that the right shark partner could help her scale production and secure the co-packing relationships necessary for nationwide distribution.

Where Are They Now?

Lori Greiner emerged as the only interested investor after other sharks expressed concerns about the competitive ice cream market and logistics challenges, ultimately offering $125,000 for 30% equity along with promises to help improve packaging and secure major retail partnerships that would transform the regional business into a national brand. Katey eagerly accepted Lori's higher equity demand, recognizing that the Queen of QVC's retail expertise and connections could provide the growth catalyst that The Frozen Farmer needed to achieve its ambitious expansion goals while maintaining its sustainability mission.

The partnership with Lori proved transformational as the deal successfully closed and The Frozen Farmer leveraged the Shark Tank exposure to achieve remarkable growth, expanding from 200 local stores to over 8,000 retail locations nationwide including major chains like Walmart, Kroger, Giant Foods, Stop & Shop, and numerous regional grocers. The company's strategic rebranding to 'Frobet' helped position their products in the growing better-for-you frozen dessert category while their collaboration with country music star Jimmie Allen on Miss Angie's Peach Cobbler Frobert demonstrated their ability to create compelling marketing partnerships that drove consumer interest and retail excitement.

Following their Shark Tank appearance, The Frozen Farmer secured a $2.5 million line of credit from WSFS Bank to fuel their explosive growth while expanding their product development capabilities and co-packing relationships that enabled them to serve thousands of stores nationwide without compromising quality or sustainability commitments. The company achieved remarkable financial success with annual revenue growing from approximately $310,000 at the time of filming to over $20 million in lifetime sales by 2024, while maintaining their core mission of reducing food waste and supporting sustainable agriculture practices that benefit both farmers and environmentally conscious consumers.

We found that The Frozen Farmer has achieved exceptional success by proving that mission-driven businesses can build substantial enterprises when entrepreneurs combine genuine passion for solving environmental problems with strategic partnerships and operational excellence, serving customers who discovered that premium frozen desserts made from rescued fruit could deliver superior taste while supporting sustainable food systems that benefit communities, farmers, and the planet.

Revenue

Unknown

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