Sanaia Applesauce Net Worth 2022: What Happened To Sanaia Applesauce Company After Shark Tank?

Sanaia Applesauce’s founder and creator, Keisha Smith, gave the world the delicacy of previously unheard-of applesauce.

Adults can enjoy the delightful apple sauce called Sanaia. The founder claims that kids are the primary market for all sauces sold in supermarkets. Sanaia Applesauce, on the other hand, is intended for grownups.

What Is Sanaia Applesauce?

Since the majority of the applesauce sold in the market is geared toward children, Sanaia Applesauce was developed as a line of products for adults. One or two baked green apple wedges are included in every jar of Sanaia Applesauce, making it a wholesome and delectable treat.

One or two baked green apple wedges are also included in each jar of Sanaia Applesauce. During Season 10 of Shark Tank, she asks for a $150,000 investment in exchange for 15% stock in her food company. (Sanaia 7.75-ounce jars are $19.99 for four).

Founder Of Sanaia Applesauce

Sanaia Applesauce was founded by Keisha Smith-Jeremie. Prior to starting Sanaia Applesauce, Keisha held positions as global co-head of talent management at Morgan Stanley and managing director of human resources at News Corp.

Sanaia Applesauce Before Shark Tank

Keisha learned about many spices and fruits while growing up on the island in the Bahamas. She attempted to cook her first batch of applesauce while ill at the University of Virginia during her time away from home for college. She mingled a variety of fruits that she had mixed together and that she remembered from her youth.

Keisha never intended to launch her applesauce company. When she wanted to eat well, it all began as a hobby for her. However, her interest quickly evolved into a passion, which subsequently helped her start a successful company. She first created applesauce by mixing straightforward fruit like an apple and guava. Keisha quickly began producing Sanaia Applesauce in large quantities with a personal investment of $500,000.

Sanaia Applesauce

Keisha’s applesauce attracted a lot of attention since it tasted like paradise and made people feel good. After quitting her job as a human resources executive and spending all of her money in Sanaia Applesauce, Keisha was left dependent on her parents and siblings for financial support. As a result, Keisha made the decision to go to Shark Tank in order to get the funding she needed to grow Sanaia Applesauce production and distribution.

Sanaia Applesauce In Shark Tank

Sanaia Applesauce was 9 months old when the founder Keisha Smith Jereme reached out to Shark Tank for financial support for her business. Keisha appeared in the Shark Tank episode 2nd and season 10. Keisha appeared on Shark Tank seeking an investment of $150,000 for a 15% stake in Sanaia Applesauce. She starts her presentation by telling her story to the sharks.  Keisha informed the sharks that the product had only been tested through a six-month-long direct-to-consumer route. During that period, she made approximately $40,000 in sales.

Keisha opined that most of the sales came from folks who wished to adopt a plant-based, veg-based, nutritious diet. Her cost for each jar of Sanaia applesauce is only $4, whereas she can sell a set for almost four times that much. Kevin O’Leary expressed concern that it sounded a bit pricey, but Keisha believes that the organic applesauce recipe merits the price. The sharks wanted to know how much money she had raised for her brand of organic applesauce. Keisha swiftly answered and informed the sharks that she used $250,000 of her funds to launch her firm.

Mark Cuban had issues with the jar packaging as opposed to the paper cup packaging, saying it would be less expensive to eliminate the jar and increase her product margins. Unfortunately, before Keisha could react, Lori Greiner withdrew from negotiations because she did not believe the investment suited her. Robert Herjavec also withdrew because he disapproved of the presentation, particularly about the product’s performance at trade exhibitions. Keisha was informed by Barbara Corcoran that she could make an offer but that it would likely be insulting.

She decided to speak it to life and told her she would give her $150,000 for 75% of the company’s shares. Keisha declined swiftly, and Barbara left the negotiations immediately after that. Kevin shared a few of his worries before withdrawing from the investment because he deemed it too dangerous. Mark Cuban was Keisha’s final chance to reach a deal, and despite his reservations, he remained interested. Keisha indicated that she would accept his offer of $150,000 for a stake of 25%.

Barbara made the first offer of $150,000 for a 75% stake in Sanaia Applesauce which Keisha rejected immediately. Mark was second to offer $150,000 for a 25% stake in Sanaia Applesauce which Keisha accepted immediately.  Keisha left the Shark Tank stage with an investment from Mark Cuban for Sanaia Applesauce.

What Happened To Sanaia Applesauce After Shark Tank?

The $150,000 investment by Mark Cuban for a 25% share in Sanaia Applesauce was never completed. Keisha gathered $75,000 from her contacts to put into her company. Keisha quit her full-time position as an executive in human resources to devote herself entirely to Sanaia Applesauce. She created a box of Sanaia Applesauce yogurt-like cups and charged $19.99 for a set of 4. Each cup holds 7.75 ounces. Also, read about Kate Flannery Net Worth

The COVID pandemic, however, proved to be difficult for Sanaia Applesauce. The COVID-19 pandemic led Sanaia Applesauce to stop production in 2020. On their website, Sanaia Applesauce is still being sold as of this writing.

Sanaia Applesauce Net Worth

When Sanaia Applesauce made an appearance on Shark Tank, it was valued at $1 million. Since Sanaia Applesauce reopened in 2022 following the COVID outbreak, its current net worth is unknown.

In 2020, Keisha was compelled to stop making and producing Sanaia Applesauce. As of 2022, Sanaia Applesauce’s website is still operational, and you may get their applesauce there.

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