What happened to Mango Mango after Shark Tank? This is a question that has been on the minds of many ever since the episode aired. Well, wonder no more! In this article, we will give you a full breakdown of what happened to the business after they appeared on Shark Tank. We will answer common questions, such as how much money they made and whether or not they are still in business. So, if you’re curious about what became of Mango Mango, keep reading!
The Popularity and Benefits of Mango Preserves
Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis just love mangos and mango preserves. The three women were good friends and loved partying together, but they always wanted something different to snack on. They were mainly working as party planners at Simply Panache and they came up with the idea of making their own mango preserves.
They use those preserves in a variety of recipes and even bring them to their parties. Their friends loved their mango preserves so much that they started requesting them to be served at their own events. And for a good reason since there are just so many benefits to those!
Mango preserves are also incredibly versatile in the kitchen. They can be used in sweet and savory recipes alike – from topping toast with a spoonful of honey-sweetened mango preserve to make a delicious chicken curry with a generous dollop of spicy chutney. Mango preserve is also commonly used as a glaze for cakes and desserts or simply spread on warm pancakes for a delightful breakfast treat.
Prior to appearing at the show they were selling these mainly online and through their own personal networks. You could also notice these in Virginia Whole Foods stores and dozens of gourmet food shops.
To boost their business and grow even further Lakesha, Nzinga, and Tanecia decided to appear on the Shark Tank show. Let’s recap what happened! [1] [2] [3]
What Happened After Shark Tank?
The Mango Mango team was first visited by the Shark Tank crew in their own hometown. And they proclaimed that Sharks took the bait!
Fast forward to the moment of the pitch, and the trio enters dancing and singing a song ‘spread it, mix it, shake it, stir it”. They even made some sharks dance to it, and they knew they had them at one point!
Immediately they went to offer the sharks a variety of mango-based dishes, like shrimp and Mango Mango sorbet. The Sharks were very impressed with the taste and unique flavors that Mango Mango had to offer!
The trio asked for a $ 75k investment for a 20% stake in their company. To prove their competence they proclaimed they earned $ 138k so far which was an impressive achievement. The friends wanted to use that money to expand their production facilities and create different kinds of mango products. Friends claim they are doing their best by selling their stuff at 8 Farmer’s Markets and elsewhere on a weekly basis.
The Mango Mango team is totally against using a co-packer and believes that their own facility would be able to produce perfectly flavored mango preserves. Kevin O’Leary is the first to speak out. He once owned a couple of jelly businesses and he knows that the margins aren’t good at all. So he is the first one to back out. The ladies say they will manage to get the money elsewhere but they wanted a shark to join their party.
While this conversation was unfolding Robert Herjavec was filling his mouth with all the mango goodies and was loving it!
Mark is concerned about the space and decides to go out. Lori isn’t a big fan of mango but she still loved whatever she ate at the show. However, she was under the impression that the women could fund themselves so she also decided to go out.
Daymond agrees with Kevin’s point and he decided to back out as well. Robert claims that he loves the product, but he loved it so much that he was afraid he might make some bad decisions when managing it. So he also decided to step back.
The Mango Mango trio was dropped with nobody making an offer for the deal. However, they weren’t too upset about it, in fact, they danced out of the scene. After all, the sharks had faith in them, except Kevin of course. So they’d manage it just fine. [2]
How is Mango Mango Doing Now?
So, as we can see the Shark Tank journey didn’t turn out to be a success for Mango Mango. But that didn’t stop the trio from achieving their dream. Despite not getting a Shark Tank investor, the team behind this innovative brand continued to grow their business and expand distribution both locally and online.
And part of that success is thanks to the exposure they achieved at the show. After appearing in the show, Mango Mango started to get more attention and more customers. And it does seem that the buff was a long-lasting one!
After the episode aired they received over 15,000 orders! This is an astonishing amount for a small business. And not only that, the Mango Mango jars were also swiped from the shelves of Whole Food Markets and other stores. That’s one of the highest accomplishments any entrepreneur can achieve.
However, this was just a start for Lakesha, Nzinga, and Tanecia. After the success of their Mango Mango jars, the team opened a Mango Mangeaux Cafe in Hampton. This cafe specializes in all sorts of mango dishes, from Mango Pancakes to Mango Shrimp Po’boy. It’s a paradise for mango lovers!
And it’s popular to this day with over 2k of reviews on Google Maps and a 4.3-star rating.
The women actually took Kevin’s advice and decided to reduce their costs a little. They had to switch to a smaller facility for that and while it put a limit on how much they could produce, they managed to make the most of it.
Shortly after the show, they were approached by QVC, which was a great opportunity for them to reach even more customers. They had the chance to showcase their mango products on the network and that led to even more sales.
And indeed, just in the first six minutes, they were already sold out! QVC wanted the women to return for the next week but the team was already overwhelmed by the production and by the number of orders they had to fill.
This led the women to think about a bigger production facility, which they couldn’t afford at that time. But as they accepted the fact they wouldn’t be able to make a switch, they were reached by the city of Hampton.
The city actually offered Mango Mango a grant which would’ve allowed them to move to a bigger facility as well as open a bistro we already covered. This was the opportunity they needed and they gladly accepted it.
After that, Mango Mango has grown even more in popularity, and Lakesha, Nzinga, and Tanecia are now considered to be entrepreneurs with real success stories. They have been featured in many magazines and websites.
You can purchase the mango preserves from Amazon or from the official website of the company. And if you’re ever in Hampton, Virginia you can visit the Mango Mangeaux cafe and enjoy some delicious mango dishes. You may also come across their products in select Whole Foods Markets!
As for the earnings of the company, in the year 2022, they managed to achieve an impressive $ 3 million worth of annual revenue. This is a huge success for any entrepreneur, especially the ones who started their businesses without any outside investor help.
And it seems like the ladies had managed to charm quite a large amount of people! If you visit their Facebook page you will see more than 16k of followers. There they constantly update their fans with the news regarding their products, and sales and answer any of the questions they might have.
So as we can see, Mango Mango had a long journey but one that was definitely worth it. They may have not been able to get Kevin’s or Robert’s investments on the show but they find a way to make their dreams come true and turn this innovative idea into a successful business. [2] [3] [4] [5] [6]
Mango Mango Net Worth
As for the current estimated net worth of Mango Mango, it’s hard to come up with an exact figure since the company does not disclose their financial information. However, looking back at the success they have had since appearing on Shark Tank and their current annual revenue of $ 3 million, one can assume that the enterprise is doing pretty well!
It’s also worth noting that after securing a grant from the city of Hampton, they were able to invest in a larger production facility which led to even more orders. This surely has had a positive impact on their overall earnings and net worth.
So if we take into account all that happened over the years, it would be safe to say that Mango Mango is valued at least at $ 3 million. That’s a number that is likely to go up in the future as the company continues to expand and make new products. [7]
FAQ
Who owns Mango Mango?
Mango Mango is owned by Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis, three good friends who work together in the party planning business. They loved mangos and decided to create their own mango preserves. Initially, they used their product in their own cooking and even brought it to the parties they organized.
They already had plenty of success within the party planning business, but they wanted to take their mango preserves to a wider audience. With that goal in mind, they applied for Shark Tank and were accepted. However they didn’t get an offer from the shark’s investors, so they left the show without making a deal.
After their appearance on Shark Tank, Mango Mango has become even more successful than before. The exposure they received allowed them to reach a larger audience, and they have been able to expand their business in new directions.
Who started Mango Mango?
The three friends first sold their stuff online and then managed to get into the select Whole Foods stores in the area. Then they were featured on ABC’s Shark Tank and while they failed to secure a deal, they gained a lot of encouragement and exposure.\
Now Mango Mango constantly hits $ 3 million of annual earnings and three ladies couldn’t be more proud.
What year did Mango Mangeaux open?
Mango Mangeaux is a bistro of Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis, Mango Mango owners and friends. The three women opened their doors to the public in 2016 as a way to bring some spice and flavor to the local area with their mango dishes!
The trio never expected to open a restaurant since they were mainly selling mango preserves online. However, after receiving a grant from their home city, they managed to pool their resources and open Mango Mangeaux.
How much is Mango Mango’s net worth?
The majority of its earnings come from direct-to-consumer sales through its website and other online retailers. In addition, the company has seen success in expanding its distribution channels, particularly through partnerships with Whole Foods!
Useful Video: SPP Mango ST Promo
Conclusion
Lakesha Brown-Renfro, Nzinga Teule-Hekima, and Tanecia Willis were passionate party planners and mango fans. One day they decided to make their own mango preservers in an attempt to share their love with the world!
To enhance their product and make it stand out from the competition, Mango Mango decided to apply for Shark Tank. Unfortunately, they didn’t receive an investment offer from the Sharks. But that didn’t stop their ambition and drive.
Mango Mango was able to leverage the exposure they received from Shark Tank and make a name for themselves. The company has since gone on to open its own restaurant, increase its product offerings, and continue to grow as a mango preserves brand. With their dedication and creativity, it’s likely that Mango Mango will continue to be successful in the coming years.
After their appearance in Shark Tank, Mango Mango started to see a major increase in sales. This was mainly due to the huge publicity and recognition their brand received after being on the show. They also began appearing at more farmers’ markets and gourmet food shops as well as expanding their online presence.
All in all, Mango Mango has been able to use its appearance on Shark Tank as a launching pad for success. The exposure the show provided them with was an invaluable opportunity that allowed the company to grow and expand. Through persistence, hard work, and some creative thinking, Mango Mango is now a successful business that continues to make delicious mango preserves for its customers!
References:
- https://www.sharktankblog.com/mango-preserves/
- https://www.sharktankblog.com/business/mango-mango/
- https://www.sharktankblog.com/shark-tank/beyond-the-tank/beyond-the-tank-season-two-episodes/beyond-the-tank-episode-203/
- https://amangoparty.com/
- https://www.facebook.com/Mango-Mango-Mango-Preserves-103251839788131/
- https://www.amazon.com/Mango-Preserves-Pack-8oz-jar/dp/B0077DU3SC/ref=cm_cr_arp_d_product_top?ie=UTF8
- https://seoaves.com/mango-mango-after-shark-tank/