Annie Leal, a native of Monterey, Mexico, pitched her Mexican sauce business on Shark Tank Season 15.
Her company, I Love Chamoy, specializes in sugar-free Chamoy, a flavorful, tangy sauce perfect for enhancing fruits, drinks, and desserts.
Did I Love Chamoy get a deal on Shark Tank?
Find out all the details in our in-depth analysis on I Love Chamoy shark tank update and pitch recap…
If you’re short on time, here’s a quick overview of what happened to I Love Chamoy after Shark Tank:
Quick Summary
Annie Leal was featured on Shark Tank Season 15 but left the show without securing a deal. As for the latest I Love Chamoy Shark Tank Update, the company is still in business and appears to be thriving. While it’s too soon to provide year-end sales figures, the company is likely to experience a significant increase in sales following its appearance on Shark Tank!
Table of Contents
I Love Chamoy On Shark Tank
| Shark | Result |
| Kevin O’Leary | Offered $300,000 for 12.5% equity (Not Accepted) |
| Mark Cuban | No Offer |
| Barbara Corcoran | No Offer |
| Jason Blum | No Offer |
| Lori Greiner | No Offer |
I Love Chamoy Shark Tank Deal
- Business: Mexican Sweet Sauce
- Entrepreneur: Annie Leal
- Asked For: $300,000 for 5% equity
- Shark Tank Deal: No Deal
- Shark: None
I Love Chamoy Company Info
What Is I Love Chamoy?
I Love Chamoy is a unique food business that focuses on producing and selling Chamoy, a traditional Mexican sauce known for its tangy, sweet, and spicy flavors.
Chamoy is typically drizzled over fruit, candies, or even cocktails, enhancing the flavor with a bold, savory twist.
For many, Chamoy evokes memories of childhood treats and street vendors in Mexico, making it a nostalgic and beloved flavor.
By using monk fruit as a sweetener, I Love Chamoy offers a guilt-free way for people to indulge in the flavors they love.
I Love Chamoy Founder:
Shark Tank I Love Chamoy Pitch Recap
Annie Leal, the founder of I Love Chamoy, entered the Shark Tank Season 15 stage in unforgettable style, with a full mariachi band playing the iconic Shark Tank theme song.
This dramatic entrance was just a preview of what was to come as she shared her passion for creating a product that brings the traditional flavors of Mexico into the modern world, with a twist.
Annie explained that when she thinks about Halloween candy, she immediately thinks of the iconic flavors of Mexican candy, which inspired her to create her sugar-free chamoy sauce.
Chamoy, a tangy, sweet sauce traditionally used in Mexican cuisine, is the star product of Annie’s company. Known for its versatility, chamoy can be drizzled over a variety of foods like fruits, drinks, and even desserts.
However, Annie’s version of this beloved sauce stands out because it is sugar-free, carb-free, and even calorie-free. Annie shared that her inspiration for creating this healthier version of chamoy came from a personal family experience.
After her father developed diabetes shortly after moving to the United States, he could no longer enjoy the foods that reminded him of home, as they were often filled with sugar and unhealthy ingredients.
Annie wanted to create a product that would allow her father to safely enjoy those familiar flavors without compromising his health.
She referred to I Love Chamoy as a love letter to her father, her culture, and her community, making it clear that this was not just a business, but a deeply personal mission.
I Love Chamoy Showcase and Shark Reactions
As part of the pitch, Annie invited the Sharks to try her I Love Chamoy sauce, drizzled over some sample foods. Lori Greiner immediately noticed that the sauce was sweetened with monk fruit, a natural, sugar-free sweetener.
Annie explained that using monk fruit as a sweetener was a key ingredient in keeping the sauce healthy, while still maintaining the delicious, tangy flavor that chamoy is known for.
However, not all of the Sharks were immediately convinced. Kevin O’Leary, known for his skepticism, questioned why Annie referred to her product as a “candy” sauce, as it didn’t seem to fit the conventional definition of candy.
Annie explained that in Mexican culture, chamoy is indeed considered a candy sauce and that it was a term she grew up with, making it an important part of her branding.
To further demonstrate the versatility of her products, Annie revealed a new product line: sugar-free Mexican candies infused with chamoy.
At this point, guest Shark Jason Blum, the CEO of Blumhouse Productions, joined her on stage to help reveal the new product by breaking open a piñata. Inside, they revealed pouches of chamoy-infused gummies, which Annie described as sweet, spicy, and tangy.
This addition to her product line helped to showcase the range of innovative offerings from I Love Chamoy.
I Love Chamoy Financials Data
Annie’s impressive numbers caught the attention of the Sharks. After being in business for just one year, she reported sales of $550,000 in her first year. She also mentioned that her sales had increased significantly, with a projection to reach $3.8 to $4 million by the end of the year.
This was a clear indication of the strong demand for her products. Notably, 80-90% of her sales were organic, driven mainly by her social media presence and a growing community of followers.
At the time of filming, Annie had amassed over 500,000 followers across several social media platforms, which helped her reach a wide audience and build a loyal customer base.
Additionally, I Love Chamoy products were already stocked in 250 stores across Texas, including major retail chains such as HEB and Home Goods.
The production cost of each bottle of chamoy was between $1.60 and $2, while the retail price was set at $12. The wholesale price ranged from $3.90 to $4. This pricing structure, combined with her strong sales growth and lack of debt, led Annie to project a profit of around $1.5 million for the current year, which Mark Cuban applauded.
Sharks’ Offers and Reactions On I Love Chamoy Shark Tank Pitch
Annie made it clear that she was looking for a Shark who could help her expand her retail presence. Barbara Corcoran, however, was not interested in the retail aspect of the business and declined to make an offer, stating that if retail growth was Annie’s focus, she was not the right fit.
Kevin O’Leary, on the other hand, saw potential in I Love Chamoy and offered $300,000 in exchange for 15% equity in the company. He was impressed by the company’s organic growth and sales figures but also wanted a piece of the business in exchange for his investment.
Lori Greiner then chimed in, but rather than making a financial offer, she simply stated that she did not want to take a large equity stake in Annie’s business. She expressed her admiration for the product and said she would be a consumer of it, but was not willing to invest at this stage.
Jason Blum, who had limited expertise in this area, also opted to pass on the deal, stating that he didn’t feel he could contribute to the business’s growth in a meaningful way.
Lastly, Mark Cuban followed suit and also opted out, citing that the product just wasn’t right for him.
I Love Chamoy Shark Tank Deal: Negotiations and Final Offers
With only Kevin’s offer remaining on the table, Annie attempted to negotiate. She countered Kevin’s offer, requesting $350,000 for 7% equity, a deal that Kevin immediately rejected.
Undeterred, Annie came back with a second counteroffer: $300,000 for 8% equity. Kevin, not willing to budge, responded with a final offer of $300,000 for 12.5% equity, which he insisted was his last and best offer.
Annie, determined to hold on to more equity in her company, declined Kevin’s final offer. She left the Shark Tank stage without securing a deal, despite the interest from Kevin.
I Love Chamoy Shark Tank Deal Result
Although Annie didn’t close a deal on Shark Tank, Annie’s pitch made a lasting impression on both the Sharks and the viewers. Her passion for her product, her impressive financials, and her clear commitment to her community all pointed to a business that was poised for success, even without the backing of a Shark.
What happened to I Love Chamoy following Shark Tank? Keep reading our I Love Chamoy Update to find out!
I Love Chamoy Shark Tank Update
So, what happened to I Love Chamoy after Shark Tank Show?
In terms of the latest I Love Chamoy Shark Tank Update: Despite not landing a deal with any of the sharks, I Love Chamoy has made remarkable strides since the Shark Tank episode aired.
In fact, Annie’s business has experienced impressive growth, proving that even without the support of the sharks, her product resonates with customers.
As of the latest update, Annie’s business is projecting to close the year with $3.8-$4 million in sales, and she’s already achieved $1.3 million in sales year-to-date. The products are available in 250 stores across Texas, including major retailers like HEB and Home Goods.
Annie’s social media presence is also a major driver of sales, with 80-90% of her sales coming from organic social media marketing. She currently boasts around 500,000 followers across various platforms.
Her production costs are relatively low, with the Chamoy sauces costing between $1.60-$2 to produce and retailing for $12. Her wholesale prices range from $3.90 to $4, allowing her to maintain strong profit margins.
Even more impressive is the fact that Annie carries no debt on the company and is projecting a profit of around $1.5 million this year.
I Love Chamoy Shark Tank Net Worth
During her Shark Tank pitch, Annie Leal valued I Love Chamoy at an impressive $2 million. This valuation was based on her strong financial performance, with $1.3 million in sales year-to-date and projections to close the year with $3.8 to $4 million in revenue.
Despite her company’s rapid growth and impressive social media following, she was unable to secure a deal with the Sharks, as the offers and negotiations did not meet her expectations.
Following her appearance on Shark Tank, I Love Chamoy continued to thrive, maintaining a strong retail presence and organic sales through social media.
Based on her projected annual revenue and solid customer base, the company’s estimated net worth remains strong, potentially exceeding the original valuation as her business continues to expand in both retail and online markets.
Did I Love Chamoy Get A Deal On Shark Tank?
No, I Love Chamoy did not secure a deal on Shark Tank.
Despite receiving an offer from Kevin O’Leary for $300,000 in exchange for 15% equity, Annie Leal rejected it after countering with a lower equity stake.
Kevin’s final offer of $300,000 for 12.5% was also turned down, leaving Annie without a deal. While the Sharks were impressed by her impressive sales figures and growth, they ultimately couldn’t reach an agreement on the terms.
Although she left without a deal, Annie’s pitch highlighted the strong demand for I Love Chamoy products, with projections to reach up to $4 million in sales.
Despite not getting a Shark’s backing, the business was already on a successful trajectory, with widespread retail distribution and a loyal social media following, indicating that Annie’s entrepreneurial journey is far from over.
The Impact Of Shark Tank On I Love Chamoy
While Annie did not secure an investment from the sharks, the exposure from Shark Tank has had a significant impact on her business. The show provided a platform to showcase her unique product to a nationwide audience, and it’s clear that the spotlight has been beneficial.
Annie’s business has grown rapidly, and her social media following continues to rise, which directly translates into increased sales.
Even without the sharks’ financial backing, Annie has managed to navigate her company toward success. Her ability to maintain 80-90% organic sales through social media demonstrates the power of word-of-mouth marketing and her strong connection with her audience.
Appearing on Shark Tank undoubtedly gave I Love Chamoy a boost in visibility, helping her secure retail deals and increase brand awareness.
I Love Chamoy Ingredients
I Love Chamoy is a deliciously sweet, spicy, and zesty sauce crafted with healthier ingredients. It’s vegan, gluten-free, and sugar-free, making it suitable for a variety of dietary preferences.
Instead of sugar, it uses monk fruit for sweetness, and to avoid artificial dyes, hibiscus flowers are used to achieve its vibrant color. The sauce is also lower in sodium compared to other chamoy products, offering a healthier alternative while still delivering the bold flavors fans love.
The ingredients in I Love Chamoy include a blend of chile pepper mix, lime powder, salt, citric acid, xanthan gum, monk fruit, sodium benzoate, and hibiscus powder.
This versatile sauce can be drizzled over fruits, vegetables, aguas frescas, seltzers, candy, chips, drinks, and even pizza.
While it’s free from common allergens, it’s important to note that some ingredients are processed in facilities that also handle peanuts.
I Love Chamoy Nutrition Facts
I Love Chamoy offers a healthier alternative to traditional chamoy sauces, made with natural ingredients like monk fruit for sweetness and hibiscus powder for color, avoiding artificial dyes.
This versatile sauce can be drizzled on fruits, vegetables, chips, candy, and more, making it a guilt-free way to enhance your favorite snacks.
The nutrition facts for I Love Chamoy are impressive, as it is sugar-free, carb-free, and calorie-free. It is also vegan, plant-based, and gluten-free, making it suitable for a variety of dietary preferences.
Here are the key nutrition details per serving:
- Total Fat: 0g
- Sodium: 40mg
- Total Carbohydrates: 0g
- Sugars: 0g
- Protein: 0g
This makes I Love Chamoy a great option for anyone looking to enjoy bold flavors without the added calories or sugar.
What Does Chamoy Do To Your Body?
Chamoy, a versatile condiment originating from Mexican and Latin American cuisine, is known for its sweet, tangy, and slightly spicy flavor. Made from fermented fruits, chamoy offers several potential health benefits, depending on the ingredients used.
Rich in vitamin C and antioxidants, chamoy can support immune system function while helping to neutralize harmful free radicals in the body. Additionally, its fiber content may promote healthy digestion and aid in weight management.
Often enjoyed with fruits, vegetables, meats, seafood, desserts, and beverages, chamoy is a staple in Mexican street foods like tostilocos.
Whether in the form of a sauce, paste, or powder, it complements a wide variety of dishes, enhancing flavor while providing a nutritional boost.
Its unique combination of nutrients makes it a flavorful way to support overall health and wellness.
I Love Chamoy Reviews
I Love Chamoy has received widespread praise from customers for its innovative take on the traditional Mexican candy sauce.
Many reviewers appreciate the fact that it maintains the authentic sweet, tangy, and spicy flavor profile of chamoy while being sugar-free, carb-free, and calorie-free. This makes it an ideal choice for those managing diabetes, following keto diets, or simply looking for healthier alternatives without sacrificing taste.
The addition of monk fruit as a natural sweetener has been particularly well-received, with users noting it doesn’t compromise the sauce’s vibrant flavor.
The brand’s chamoy-infused gummy candies have also garnered positive feedback, with many calling them a delightful and guilt-free treat. Fans have praised the gummies for being flavorful and unique, offering the perfect balance of sweetness, spice, and tanginess.
On social media, I Love Chamoy has cultivated a loyal following, with customers regularly sharing creative ways to use the sauce, from topping fruits and snacks to enhancing cocktails.
Overall, the reviews reflect a community of delighted customers who appreciate Annie Leal’s mission to bring culturally inspired, health-conscious products to the market.
Where To Buy I Love Chamoy?
For those who want to try I Love Chamoy products, there are several ways to purchase them. Annie’s products are available online through the I Love Chamoy website and on Amazon, making it easy for customers nationwide to enjoy this tasty treat.
On the website, there’s also an option to join the referral club, which offers customers 15% off their orders—a great way to save while supporting a growing business.
In addition to the online store, I Love Chamoy products are available in retail stores across Texas. Customers can find her products in major grocery chains like HEB and specialty stores such as Home Goods, expanding the brand’s reach beyond just the online marketplace.
FAQs On I Love Chamoy Shark Tank Update Today
Who Invented “I Love Chamoy”?
I Love Chamoy was invented by Annie Leal, a native of Monterrey, Mexico. Inspired by her father’s diabetes diagnosis, Annie created a sugar-free version of the traditional Mexican chamoy sauce to allow him to enjoy the flavors he loved without compromising his health. Her creation is a heartfelt tribute to her family, culture, and community.
Did I Love Chamoy Get A Deal On Shark Tank?
No, I Love Chamoy did not secure a deal on Shark Tank. While Kevin O’Leary offered $300,000 for 12.5% equity, founder Annie Leal declined his final offer, opting to continue growing her business independently. Despite leaving without a deal, the exposure has significantly boosted the brand’s visibility and success.
Who Owns I Love Chamoy?
I Love Chamoy is owned by Annie Leal, the founder and visionary behind the brand. Inspired by her father’s diabetes diagnosis and her love for traditional Mexican flavors, Annie created the sugar-free chamoy as a tribute to her culture and community. She continues to lead the company, promoting healthier, authentic options for consumers.
Is I Love Chamoy Still In Business?
Yes, I Love Chamoy is still in business and thriving. Despite not securing a deal on Shark Tank, the brand continues to grow, with its products available on Amazon, the company website, and in select retail stores like HEB and HomeGoods. Annie Leal’s innovative chamoy products have gained a loyal customer base and a strong presence on social media.
What Happened To I Love Chamoy After Shark Tank?
I Love Chamoy is based in Texas, USA. While its roots are deeply inspired by the flavors of traditional Mexican candy, the company operates primarily from Texas, where its products are also available in local retailers like HEB and Home Goods. Its online presence further extends its reach across the country.
Is I Love Chamoy Healthy?
Yes, I Love Chamoy is a healthy alternative to traditional chamoy sauces. It is sugar-free, carb-free, and calorie-free, making it suitable for people managing diabetes, following keto diets, or seeking healthier options. Sweetened with monk fruit, it delivers authentic flavor without compromising on health.
Conclusion: I Love Chamoy After Shark Tank
Annie Leal’s I Love Chamoy journey is a testament to the power of passion, resilience, and the ability to connect with customers.
While she may not have walked away with a deal from the sharks, she has certainly proven that I Love Chamoy can thrive on its own.
Her commitment to creating a product that embodies her culture and supports her father’s health has resonated with a wide audience, leading to impressive sales and growth.
Our I Love Chamoy Shark Tank Update shows that success doesn’t always require an investment from the sharks.
With a strong brand, a dedicated following, and a commitment to quality, Annie Leal is well on her way to turning I Love Chamoy into a household name.
Keep an eye on this innovative company as it continues to expand, and check back for future updates on I Love Chamoy Mexican Candy Sauce!
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 5 by clicking on the links below:
- Thrill Builders After Shark Tank Update
- Maniac Pumpkin Carvers After Shark Tank Update
- American Ghost Walks After Shark Tank Update
Before you go, make sure to visit our Season 15 Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Updates Page.
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