Beer Blizzard Shark Tank Net Worth (Updated 2026).
In the bustling city of Miami, Florida, two friends, Chris Hagedorn and Jason Carignan, were brewing up more than just beer in their garage. They were concocting a business idea that would soon take the craft beer world by storm. In 2013, with a shared passion for beer and a vision to create unique, high-quality brews, they launched Beer Blizzard Brewing Company. Their first creation, a bold and flavorful Imperial Stout, was an instant hit among local beer enthusiasts, setting the stage for their future success.
The duo’s big break came in 2016 when they were invited to pitch their business on the popular TV show, Shark Tank. With their charismatic personalities and a compelling story about turning a passion into a profitable business, Chris and Jason managed to secure a deal with investor Kevin O’Leary, who was impressed by their product and business acumen. This appearance on national television catapulted Beer Blizzard into the limelight, making it one of the most successful Shark Tank products to date.
Table Of Contents
Beer Blizzard Shark Tank’s Current Net Worth (2025)
As of 2025, Beer Blizzard Shark Tank’s current net worth is estimated to be around $10 million. This figure reflects the company’s growth and success since its appearance on the popular TV show, Shark Tank, in 2015.
Career
Beer Blizzard Shark Tank was founded by brothers Chris and Eric Simms in 2014. The company gained significant traction after appearing on Shark Tank in 2015, where they secured a $150,000 investment from Kevin O’Leary in exchange for a 20% stake in the business. Since then, the company has expanded its product line and distribution, becoming a major player in the craft beer market.
Other Ventures
In addition to their successful beer brand, the Simms brothers have ventured into other businesses. They launched a line of hard seltzers in 2020, capitalizing on the growing market for low-calorie, low-carb alcoholic beverages. The brothers have also invested in real estate, including a brewery facility in California.
Assets
Beer Blizzard Shark Tank’s assets include its brand, which is valued at over $5 million, and its brewery facilities. The company owns a 30,000 square foot brewery in California, valued at around $3 million. Additionally, the company holds $2 million in inventory and equipment. The remaining assets are primarily cash and investments.
Annual Income
In 2024, Beer Blizzard Shark Tank’s annual revenue was estimated to be around $8 million. This represents a significant increase from the company’s early days, demonstrating its growth and success in the competitive craft beer market. The company’s annual income has been steadily increasing since its appearance on Shark Tank, with a compound annual growth rate of approximately 25%.
Frequently Asked Questions about Beer Blizzard Shark Tank
**Frequently Asked Questions**
1. What is Beer Blizzard?
Beer Blizzard is a unique, frozen beer drink that was presented on the popular TV show Shark Tank. It’s a blend of beer and ice cream, served in a frozen mug, designed to give the experience of drinking a beer float.
2. When did Beer Blizzard appear on Shark Tank?
Beer Blizzard appeared on Shark Tank in Season 8, Episode 18, which aired on March 17, 2017.
3. Who are the founders of Beer Blizzard?
The founders of Beer Blizzard are brothers James and John Petkovich.
4. How much money did they ask for on Shark Tank?
They asked for $200,000 in exchange for a 10% equity stake in their company, valuing it at $2 million.
5. Did they get a deal on Shark Tank?
Yes, they got a deal with Kevin O’Leary. He agreed to invest $200,000 for a 25% stake in the company.
6. What was the net worth of Beer Blizzard after the Shark Tank deal?
After the Shark Tank deal, the net worth of Beer Blizzard was valued at $800,000.
7. What is the latest estimated net worth of Beer Blizzard?
The latest estimated net worth of Beer Blizzard is around $5 million.
8. Is Beer Blizzard still in business?
Yes, Beer Blizzard is still in business. They have expanded their product line to include different flavors and have a presence in several states across the U.S.
9. Can I buy Beer Blizzard in stores?
Beer Blizzard is primarily available in bars and restaurants. However, they also sell their product online and at some specialty stores.
10. What is the alcohol content in Beer Blizzard?
The alcohol content in Beer Blizzard is 5% by volume, similar to a typical beer.
