I Love Chamoy, a fast-growing company founded by Annie Leal, made a memorable appearance on Shark Tank during Season 15. The company, which specializes in Mexican candy sauce, caught the attention of viewers with its unique product and vibrant presentation.
Despite not securing a deal on the show, I Love Chamoy has continued to thrive and expand its presence in the market.
In this article, we will explore I Love Chamoy’s net worth, Shark Tank appearance and business model, where to buy their products, their social media presence, future growth prospects, and sales figures.
Table of contents
What is I Love Chamoy?
I Love Chamoy” is a popular food brand known for its delicious sweet, tangy, and spicy Mexican sauces. Founded by Mexican Latina American Annie Leal, the brand was born out of a desire to create sugar-free Chamoy after her father’s diabetes diagnosis.
Made with native Mexican ingredients, the sauces are free from allergens, low in carbs, and have no added sugar. The three flavors—Original, Chilli Mango, and Pickle—are available for $12 each on platforms like Amazon and Walmart.
The brand gained recognition by winning $25,000 in H-E-B’s 2022 Quest for Texas Best competition.
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I Love Chamoy Net Worth
During their appearance on Shark Tank, Annie Leal asked for a $300,000 investment in exchange for a 5% equity stake in I Love Chamoy.
Although the deal did not materialize, the exposure on the show undoubtedly contributed to the company’s growth and brand recognition. As of now, the net worth of I Love Chamoy is reported to be around $1.45 million.
Shark Tank Appearance
In its Shark Tank appearance on Season 15, Episode 5, I Love Chamoy, the Mexican sauce brand founded by Annie Leal, presented a compelling pitch to the Sharks. Annie sought a $300,000 investment in exchange for 5% equity, valuing her company at $6 million.
Annie pitched her sugar-free, carb-free, and calorie-free sauces as an alternative to traditional Mexican candy sauce. Inspired by her father’s diabetes, she created a product that allows people to enjoy the flavors of home safely.
In the first year, her business achieved $550,000 in sales, with projections of $3.8 to $4 million for the year. The majority of her sales were organic, driven by social media advertising.
Barbara Corcoran bowed out, but Kevin O’Leary offered $300,000 for 15% equity. Lori Greiner appreciated the business but didn’t invest.
In a surprising turn, Annie declined Kevin’s offer and countered with $350,000 for 7% equity. Despite further negotiation attempts, Annie and Kevin couldn’t reach an agreement.
Business Model
I Love Chamoy has carved its niche in the culinary landscape with a business model centered around crafting and selling sugar-free, allergen-free, and low-carb Mexican sauces.
The trio of flavors—Original, Chilli Mango, and Pickle—satisfy the cravings of health-conscious consumers.
Accessible through major online platforms like Amazon, Walmart, and Instacart, I Love Chamoy ensures that its flavorful offerings reach a wide audience.
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Where to Buy?
To satisfy the growing demand for their products, I Love Chamoy has made it convenient for customers to purchase their sauces. The company’s official website serves as a primary platform for online sales, offering a user-friendly interface and secure payment options.
Additionally, I Love Chamoy has secured product placement at H-E-B, a renowned grocery chain in Texas, after winning their Quest for Texas Best competition in 2022.
This partnership has further expanded the availability of I Love Chamoy products for customers in the region.
Social Media Presence and Future Growth
I Love Chamoy company maintains an active presence on various social media platforms, including Instagram, facebook & Twitter where they share updates, product information, and customer testimonials.
Their Instagram account, @shopilovechamoy, showcases the vibrant and enticing nature of their products.
With monthly sales of more than $2000 and recent appearance on shark tank i Love Chamoy is projected to grow stronger and bigger in the future.
Final Words from author
I Love Chamoy’s appearance on Shark Tank may not have resulted in a deal, but it certainly propelled the company into the spotlight. With a net worth of $1.45 million and a growing customer base, I Love Chamoy has established itself as a prominent player in the Mexican candy sauce market.
As I love As Chamoy continues to expand its reach and introduce new flavors, its future growth prospects look promising.
