Tim Gavern faced financial troubles after his publishing career declined. He saw an opportunity in his family’s ice cream tradition and launched Captain Ice Cream. The business started small with one van that served ice cream. Tim wanted to grow his idea by franchising. He appeared on Shark Tank in hopes of getting investment. He asked for $48,000 for 25% of his business.
Tim believed this would help him expand by getting more scooters and making his mobile ice cream service available to more people. Will the entrepreneur get a deal on Shark Tank? Check out the Captain Ice Cream update to find out!
In our Captain Ice Cream update research, After Tim Gavern’s appearance on Shark Tank, he tried to franchise Captain Ice Cream. Tim believed franchising would help him grow his mobile ice cream business. He offered franchise packages for people who wanted to start their own ice cream businesses. The franchise idea included branded scooters or even vans. Each franchise package had a set price for the equipment and business setup.
Tim’s goal was to make the business popular across different areas. However, the franchise system did not seem to work well for long. By 2014 the Captain Ice Cream website went offline and has never come back. It appears the business is no longer operating and Tim moved on to a new career in commercial truck sales.
In terms of the Captain Ice Cream update, Tim Gavern did not get a deal on Shark Tank. He asked for $48,000 for 25% of his business. He hoped this investment would help him expand his ice cream service. However, the sharks did not think the business was profitable enough to invest in. They were concerned about the low sales Tim was making. They also believed the ice cream business was too easy for anyone to start. After hearing the concerns of the sharks Tim left the tank without any offers.
Captain Ice Cream net worth Shark Tank Update 2025
Tim was looking for an investment of $48,000 in exchange for 25% equity in the company. At the time of the episode, he valued his company at $192,000. Tim did not secure a deal on Shark Tank. After the show aired, the company saw a big increase in website traffic, sales, and social media exposure. However, the business eventually shut down, and as per my rough estimate, the current net worth of Captain Ice Cream in 2024 is $0.
Tim Gavern sought a method to earn money following the downturn of his publishing career. He recalled the ice cream custom in his family. This inspired him to launch a mobile ice cream venture. He aimed to merge his family’s legacy with his ambition for success in business. He began with a single van. He journeyed selling ice cream from this vehicle. However, Tim aimed to expand on his concept.
He aimed to expand the business and transform it into a franchise. In this manner, additional individuals could establish their own Captain Ice Cream shops in various locations. Nonetheless, the expedition was challenging. Tim encountered numerous obstacles. Initially, he required funds to grow. Secondly, he needed to differentiate his business from the numerous other ice cream trucks.
Third, he had to develop a system that others could effortlessly replicate to launch their own enterprises. He faced all of these challenges but continued to work diligently to ensure Captain Ice Cream would thrive.
Initial Pitch
As Tim stepped into the Shark Tank he aimed to create a significant impact. He showed up on a moped. This demonstrated how Captain Ice Cream operated. Rather than a large ice cream truck Tim utilized a scooter to cater to customers. This compact scooter was able to access areas that standard trucks couldn’t reach such as tight alleys. Tim aimed to expand access to this system for more individuals by providing franchise options.
He wished the sharks would recognize the uniqueness of his business and choose to invest. He requested $48,000 in return for a 25% stake in the company. Tim thought that the funding would assist him in purchasing additional scooters and broadening his service to other locations. He believed that the capability to connect with more clients would foster business expansion.
As Tim stepped into the Shark Tank he aimed to create a significant impact. He showed up on a moped. This demonstrated how Captain Ice Cream operated. Rather than a large ice cream truck Tim utilized a scooter to cater to customers. This compact scooter was able to access areas that standard trucks couldn’t reach such as tight alleys. Tim aimed to expand access to this system for more individuals by providing franchise options.
He wished the sharks would recognize the uniqueness of his business and choose to invest. He requested $48,000 in return for a 25% stake in the company. Tim thought that the funding would assist him in purchasing additional scooters and broadening his service to other locations. He believed that the capability to connect with more clients would foster business expansion.
Shark’s Responses and Final Deal
The sharks were not convinced by Tim’s business. They did not see a path to making Captain Ice Cream profitable. They did not think the business was unique enough. Tim’s low sales numbers also made them nervous. He had not proven that the business could grow. The lack of a franchise system also hurt his chances of getting a deal. Each of the sharks had their own reasons for passing on the business.
They all agreed that they did not want to invest in Captain Ice Cream. Tim left the tank without any offers. He had hoped for a deal but left disappointed.
What Went Wrong With Captain Ice Cream On Shark Tank?
Captain Ice Cream did not get a deal because the sharks were not convinced by the business. The low sales numbers were the biggest concern. Tim was only making $200 a day working for four hours. This was not enough money to support growth. Kevin O’Leary thought the business was too easy for anyone to start. Daymond John did not trust his gut to invest in Captain Ice Cream. Robert Herjavec believed the business was not profitable enough.
Kevin Harrington wanted a business with an established franchise system which Tim did not have. Barbara Corcoran enjoyed the product but did not see the potential for growth. All these factors led the sharks to decide that Captain Ice Cream was not a good investment.
Captain Ice Cream was originally meant to be a mobile ice cream business. The product was simple: ice cream served from a scooter. The idea was to make it easier to reach customers by using a small vehicle instead of a large truck. The franchise system was designed to help other people open their own ice cream businesses. The franchise packages included a scooter, a uniform, an umbrella, business cards, and a fee for using the Captain Ice Cream name for one year.
There was also a larger package that included a van instead of a scooter. The franchise packages were priced between $12,495 and $44,495. However, after the website went offline in 2014 it seems that the business stopped operating. Captain Ice Cream is no longer available for purchase and Tim has moved on to a new career in commercial truck sales.
Conclusion
Tim Gavern’s journey with Captain Ice Cream ended without a deal on Shark Tank. Although he tried to grow the business by offering franchises it seems the company did not last. The website went offline in 2014 and there have been no updates since. Captain Ice Cream may have had potential but it did not succeed in the long run. Tim moved on to a new job in commercial truck sales. His ice cream dream did not come true but it was a learning experience.
Hey there, it’s Andaleb Youns. I am a freelance content writer and am currently pursuing a BS in English Language and Literature. I have expertise in writing Blog Posts, social media content, and copywriting. I know how it feels to be a student and still be dependent on parents to fulfill even basic daily needs. This realization became apparent while watching Shark Tank. Although I started watching this show out of boredom, it proved to be an inspirational show. The show made me realize the importance of hard work, being independent, and of having a business of my own. I still look forward to it for entertaining and inspirational content.
