Yum Crumbs Net Worth 2024 Update & Their Shark Tank Pitch!

Yum Crumbs, a dessert crumb topping founded by Delson and Amanda Jeanvilma, telecasted Shark Tank USA in 2023 on Season 15. The founders were seeking $100,000 for 10% equity for their business. However, they secured a deal with Barbara Corcoran and Daymond John, which was $100,000 for 20% equity. In this article, we will explore Yum Crumbs’s net worth in 2024, its Shark Tank pitch summary, and more.

Yum Crumbs Net Worth

As of August 2024, Yum Crumbs’s net worth is estimated at $1 million, and its annual revenue was $900,000 in 2023. 

Yum Crumbs Net Worth Timeline

Shark Tank Yum Crumbs Update from Season 15 

Delson, an entrepreneur, appeared on the show with his son, Zaydon Jeanvilma, to pitch their business. They were looking for a $100,000 investment in return for 10% equity, valuing the company at $1 million. During their presentation, Delson and Zaydon expressed their love for ice cream and desserts.

They created Yum Crumbs as a fun alternative to regular sprinkles. Yum Crumbs comes in over 26 flavors of low-sugar, non-dairy toppings for desserts. The flavors include Strawberry Shortcake, Chocolate Eclair, and Banana Cream Pie. They gave the Sharks a chance to try it, and when the sharks tasted the Yum Crumbs, they were pretty happy.

Barbara wanted to know what Yum Crumbs are made of. Deslon described it as a mix between a cookie and a sprinkle, combining the best of both.

Regarding sales, Deslon shared that the company has achieved $1.7 million in sales over three years. In the year before filming, they made $462,000 in sales, with hopes of reaching over $900,000 by the end of the year. He also said that Yum Crumbs’s most significant customer is Wawa, a convenience store chain. 

Furthermore, they started the business in mid-2020 with only $300. They went from bakery to bakery, selling their product directly. Their efforts led to $220,000 in sales in the first year, and by 2021, they had reached $575,000 in sales. Also, the entrepreneur mentioned they recently received a large order from one of the biggest craft stores in the country. 

The sharks wanted to know how they would handle the increased demand. There, Delson explained that they have their manufacturing facility, but it’s already at total capacity. Kevin O’Leary then asked about the profit margins. There, Delson shared that out of $900,000 in sales, the profit is $200,000.

Also, they said that each unit costs $0.42 to produce and sells for $5.49. For bulk orders, they sell a 50-pound box for $282, which costs $42 to make. Moreover, they sell 4,000 pounds of bulk products each month.

Lori Greiner liked the product but pointed out that the company mainly focuses on business-to-business. Because she preferred to invest in business-to-consumer brands, she decided not to invest. Mark Cuban was impressed by what Delson had achieved but felt he needed to be a better fit to help. So, he also chose not to invest.

Then, Daymond John offered $100,000 for 25% equity but then lowered it to 15%. Kevin O’Leary also made an offer of $100,000 for 20% equity. Barbara then suggested teaming up with Daymond for 25% equity. Daymond initially said he didn’t need Barbara’s help, but Barbara insisted Daymond that join with her.

Barbara then highlighted her success with Daisy Cakes in the food industry and praised Delson for his strong sales skills, something she said most bakers lack. Kevin then lowered his offer to 12.5% equity, mentioning his experience in the food business with Wicked Good Cupcakes. 

But, in the end, Daymond agreed to partner with Barbara, offering $100,000 for 25% equity. However, Delson countered with a request for 20% equity instead. Finally, Barbara and Daymond finalized the deal with Delson and his son, who valued the company at $500K. 

Summary of the Sharks’ Deal List!

What Happened to Yum Crumbs after Shark Tank?

As of August 2024, the Yum Crumbs is still in business. After appearing on Shark Tank, Yum Crumbs was preparing for a significant increase in orders. With over three million viewers, the brand is expected to see strong sales from the high exposure. With Barbara and Daymond’s support, Yum Crumbs has continued success.

They also have a solid social media presence and expanded their product range after Shark Tank. They’ve recently teamed up with True Scoops to offer affordable DIY ice-cream sandwich kits. Now, the company offers 29 different crumb flavors with various textures, not just for crumb cakes. As of August 2024, they have 1335 five-star reviews on Judge.me. 

Yum Crumbs is available in select retail stores, with over 20 locations listed on their website, including New York, Florida, Canada, Texas, Ohio, Michigan, and Hawaii, and there is one store in Canada. You can buy Yum Crumbs individually for $12.99 or in sample pack bundles for $19.99 and its sweet bundle for $9.99 on their website. It also offers a 15% discount to new sign-up customers.

Yum Crumbs Founders

Delson and Amanda Jeanvilma are the founders of Yum Crumbs. They have five energetic boys and live in Edgewater, Florida. Delson has a Degree in Business Administration and worked as a sports analyst at Pro Football Focus before starting Yum Crumbs. His strong interest in business motivated him to make a change. 

Amanda had a long-time passion for baking, and their shared love for making treats led them to start a small baking venture together. The turning point for the couple was when they got many orders for their crumb cakes. While baking the cakes was easy, making the crumbs took a lot of time. So, Amanda thought about how to make crumbs as easy as possible.

Then, She shared this idea with Delson and did a lot of research to make these unique crumbs. Also, initially, they got the ideas from experienced bakers, who supported the concept. After extensive testing and ensuring they met FDA regulations, Yum Crumbs was launched in 2020. Delson, his wife Amanda, their five talented children, and even their grandmother worked together to make Yum Crumbs a well-known name in desserts. Delson and Amanda Jeanvilma’s net worth is $1 million as of 2024.

Yum Crumbs Achievements and Awards

Conclusion

Shark Tank is a TV show showcasing different business ideas, helping them succeed. Yum Crumbs was one of the ventures featured on the show. They made a deal with Barbara Corcoran and Daymond John, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.

Before you leave, check out the other company updates in Season 15, Episode 07.

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