Page Index
Rather than the first episode, Jacksons Honest began a new chapter of Shark Tank’s deep and competitive world, a place known for healthy snacks.
The idea of the creators of the product, Megan and Scott Reamer, was to capitalize on the platform which the show had, to create something bigger and launch other products, and to raise people’s awareness of the importance of healthy choices.
Their narrative was compelling. It was a turning point, which showed that no matter what happened, the company was able to bounce back and keep growing. With determination, it did not miss opportunities and did not let the other players control the game, and a new bold and healthy snack market was born.
The story of Jacksons Honest lays emphasis on the strategies, market boundary expansion and the ongoing changes that are essential for their survival in the corporate world. The Williams have to work hard to know the critical customer profiles and are always thinking about new ways to increase sales in each store.
Although Jacksons story has numerous deviations and curves, it could still be seen that the organization has traversed through a flexible and resilient route.
The Shark Tank’s attention has spotted Jacksons Honest, which can do strategic shifts in addition to accomplishing financial targets, as a base for the company’s development and inventions in the market space of healthy snacks.
Jacksons Honest Key Highlights
- Founded by Megan and Scott Reamer, Jacksons Honest started with a mission to provide healthy snack options, inspired by their son’s health condition.
- Jacksons Honest distinguishes itself in the snack food market by using coconut oil to cook their potato chips, offering a healthier alternative.
- Despite initial challenges, Jacksons Honest has grown into a successful business, with a focus on promoting health and providing nutritious snacks.
Please Follow Us on Google News
Also Read
His And Hers Bar Update 2024 | What Happened To His And Her Bars After Shark Tank
Eco Flower Update 2024 | What Happened To Eco Flower After Shark Tank
Coolbox Shark Tank Update 2024| What Happened To Coolbox After Shark Tank?
Chill Soda Update 2024 | What Happened To Chill Soda After Shark Tank
What is Jacksons Honest?
Jacksons Honest, which appeared on Season 9 of “Shark Tank,” is known for its gluten-free and gluten-free potato chips. The company was founded by Scott and Megan Reamer, who were inspired by their oldest son, Jackson.
Both parents have a child with a rare immune disorder called Icardi-Goutier syndrome, and the family managed to get positive results from a high-fat, low-carb diet with coconut oil. So potato chip inventors created a variety of potato chips and tortilla chips cooked in coconut oil, a new idea that adds healthy twists to favourite foods.
Jacksons Honest distinguishes itself in the highly competitive snack food market by sticking to conventional oils, which are regarded as healthier and more pure than polyunsaturated vegetable oils—the finest munchies.
The company’s objective also includes promoting and defending health. Jacksons Honest can be found in supermarkets and drugstores all throughout the country.
Who is the Founder of Jacksons Honest?
The two Reamers who founded Jacksons Honest are Megan and Scott. Because Jackson has severe food allergies, his parents set out to locate healthful foods for him at the beginning of their adventure.
Both developed a snack known as coconut oil potato chips while adhering to the missions of clarity and health. Megan and Scott’s son’s health gave rise to an idea that resulted in the development of a product that makes customized items for the medical industry.
The founders of Jacksons Honest took it even further: They not only met their own needs but also turned their mission into a real business and are now the rising stars of the snack industry.
| Name | Jackson’s Honest |
| Founders | Scott and Megan Reamer |
| Founded | 2012 |
| Location | Crested Butte, Colorado, U.S. |
| Product | Potato and tortilla chips made with organic coconut oil |
| Shark Tank Appearance | October 2017 |
| Investment Received | $1.25 million |
| Investor | Rohan Oza |
| Company Valuation | $25 million |
| Revenue | $10 million (as of 2017) |
| Product Focus | Sweet Potato chips |
| Website | click |
Jacksons Honest offering for the investor?
Please Follow Us on Google News
The founders of this company asked for $1,250,000 in exchange for 5% equity(i.e. 5% of their company).
Did they make any deals on Shark Tank?
Things were going well earlier in the tank since Robert Herjavec and the product won over the interest of all the sharks. You could say it became a little sentimental as he presented the narrative in a more personal manner.
Although the sharks were passionate about the organization, they had a major problem with the business. It wasn’t yet profitable.
Robert quit the game because he thought there was a lot of risk involved in the investment. Lori Grenier stated that she could not buy this product because she usually buys baked snacks.
Mark Cuban decided to drop out because he could not see a way to get his investment back as soon as he would have liked to. Barbara was passionate about food, but she wasn’t sure if the grocery store was worth the investment.
The angel investor Rohan Oza made an offer of $1,250,000 for a 20% stake. He believed that his contributions to the conference would make the amount he was requesting reasonable. Scott returned with $7.5% of $1.25 million.
Rohan came back with a 1,250,000 dollar value for a 17.5% return. Scott countered at $1,250,000, all in. Rohan’s offer for the partnership was $1,250,000, at 15%. The Reamers accepted that imitation, and the deal was made with Rohan.
Also Read
HangEase Hangers Update 2024 | What happened to HangEase after Shark Tank?
How did the product start, and how did it do?
When it comes to snacks, Jacksons Honest has done well by observing current issues with snacks and creating items that address this and meet the consumer demand for treats that are free from major allergens.
Owners Michael and Scott Reimer prepared their own flavoured potato chips with coconut oil for the first time in years when consumers started looking for healthier products. Also, natural and straightforward ingredients or information can be selected, as well as people who start to learn what they eat, as the last ones are important too.
In such a way, they make products that are both anti-allergenic and highly achieving the competing products. As a result, they can enter the large market that already exists because of searches from a lot of customers for related products.
The strategy of Shark Tank proposed in the plan gives the brand the opportunity to build up the company’s presence, create an impact and add success to the list of success stories.
Jacksons Honest Company has not only tapped into the industry’s amazing revolution by introducing different products that endorse holistic living and business approach but has also taken advantage of the existing position available in the market through leadership.
Total Net worth of Jacksons Honest before and after Shark Tank?
In 2017, Shark Tank’s market cap was around $25 million, while Jackson Homes’ actual revenue was the equivalent of $25 during the financial crisis. Even if he lost $12 million in 2020, Jacksons value was limited to $12 million in 2020.
On the other hand, they became the richest person in the world in one year with the resources they have. $26 million in 2021. In addition, the founders of the company are Megan Reamer and Scott Reamer, who stand out as the owners of Jacksons Honest, whose personal value is $ 23.4 million as of 2023.
Are they still in business?
Yes, Jacksons Honesty Store is working all right. Megan and Scott Reamer established the company in the year 2012 following the diagnosis of their son Jackson with a rare kind of cancer. Our company’s goal is to design nutritious yet affordable, tasty snacks.
The mission statement shows that the company is dedicated to assisting society, and it partners with various organizations that promote children’s health. Jacksons Honest is one of the companies that was invented in the process of making snacks that taste good and are available and affordable.
The company stands as a case of a business which ensures that it succeeds and also does good for the world.
FAQS about Jacksons Honest
What is Jacksons Honest known for?
Jacksons Honest is known for its gluten-free and GMO-free potato chips.
Who are the founders of Jacksons Honest?
Jacksons Honest was founded by Megan and Scott Reamer.
Did Jacksons Honest make a deal on Shark Tank?
Yes, they made a deal with investor Rohan Oza.
How did Jacksons Honest start?
Jacksons Honest was inspired by the founders’ son, Jackson, who has a rare immune disorder.
Is Jacksons Honest still in business?
Yes, Jacksons Honest is still in business, offering healthy snacks.
Please Follow Us on Google News
