Coco Tap’s Net Worth, Update Before & After Shark Tank

Coco Tap’s Net Worth- Coco Taps’ concept first surfaced in 2013. Before being exposed to drinking straight from the coconut by a friend from an island nation, Vinny did not like coconut water. He incorporated it into his post-workout regimen on a daily basis, opening the coconut using risky tools like knives or hammers. In the end, he managed to break his stepfather’s knife, at which time he realized there had to be a better approach.

The next two years were largely devoted by Vinny developing the Coco Taps. This gave his all to provide the best Made in the USA product he was capable of. He developed the production, design, and patent processes. By collaborating with Las Vegas casinos to sell coconuts that had already been tapped, he made a ton of money. As a result, he earned $250,000 in less than a year. See whether Coco Taps can astonish the Sharks in the same way.

Coco Tap’s Net Worth

The entrepreneur enters the stage wearing a lei and a Hawaiian shirt to begin the Coco Taps presentation. He played a tune on the ukulele and had a gorgeous hula girl next to him who was holding extra neck ornaments. The singer was praising coconut water. Soon after he stepped onto the stage, the song came to an end. He clearly had the Sharks’ attention at this point.

The businessman gave the Sharks a warm “Aloha!” in greeting. He identified himself as Long Beach, California native Coco Vinny. Vinny identified himself as the owner and head coconut of Coco Taps. He asked for $150,000 in exchange for 10% of their future business. Vinny asked the Sharks to close their eyes for a moment and picture themselves on their very own Hawaiian coconut farm where the birds were singing and the sun was beaming before he started the main presentation. The freshly tapped coconut they held in their hands, according to Vinny, was the greatest part.

Coco Tap’s Net Worth Overview

What are Coco Taps? Who is the founder of Coco Taps?

Eco-friendliness is a company’s main priority, and Coco Taps supports the restoration and renewal of ecosystems. They achieve this by getting rid of unnecessary plastic bottles, cans, and cartons that could otherwise end up in landfills or the ocean. One coconut at a time, Coco Taps lessens the carbon footprint of pasteurized and packaged coconut water. Coco Taps’ founder and owner, Vincent Zaldivar, had the concept for the business in 2013. Although he didn’t like coconut water at first, he started to like it after a buddy from an island nation showed him how to drink straight from a coconut.

Many individuals have never had the chance to enjoy the advantages of freshly tapped coconut water, but Coco Taps provides a way around this problem. In order to implant a resealable, screw-top spigot into a young coconut, the business uses a patented tool called the Coco Taps. The water inside the coconut then serves as a container that can be used immediately or kept for later.

In Las Vegas, where he was raised, Coco Vinny learnt about the advantages of drinking coconut water for balancing electrolytes. He found it difficult to access coconuts effectively and disliked bottled coconut water. He created the Coco Taps after dropping a knife while attempting to open a coconut. In his homeland, Coco tap’s started selling “branded coconuts” in a number of casinos. He also provides juice bars with a Coco Taps business kit so they may tap and brand their own coconut water. On Amazon, the Coco Tap is available for $24.95 and comes with a drill and two reusable, resealable taps.

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Net Worth of Coco Taps

The pitch valued the company at $1.5 million, and since then it has continued to operate with $9 million in lifetime sales as of this year, increasing the company’s net worth.

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Coco Taps at Shark Tank Pitch

Vincent Zaldivar, popularly known as Coco tap’s, introduced his Coco Taps product, which is used to tap and reseal coconuts, during episode 909 of the television program Shark Tank. He was asking for a $150,000 investment in return for a 10% ownership part in his $1.5 million company. Vinny indicated that he required assistance from the Sharks to expand his stock and enhance the reputation of his coconut-related goods.

He sang on the ukulele, brought a hula girl to the event, and discussed the advantages of coconut water and the Coco Tapper tool he had created. According to him, coconuts that had been tapped with his product may last up to four weeks. Vinny made $250,000 in sales in 2016 and projected that figure to treble in 2017. The majority of his income comes from selling pre-tapped coconuts to businesses along the Las Vegas Strip. He had not yet conducted extensive product advertising, though.

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Coco Taps Shark Tank Updates

Shark Tank Season 9 featured Coco Taps, a firm. The company sells a coconut opener with resealable taps that are patent-pending, allowing customers to save their coconut water. The business also provides a unique brand of coconut-flavored beverages to Las Vegas establishments. The sales of these pre-made beverages account for about 80% of the business’s revenue, with the coconut opener accounting for the remaining 20%. Vincent Zaldivar, the owner of Coco Taps, asked for $150,000 for 10% stock during the Shark Tank show, but no agreement was made.

Coco Taps encountered difficulties following the Shark Tank show when Las Vegas resorts had to temporarily close to deal with the COVID-19 pandemic’s impact. The business will likely surpass $10 million in lifetime sales in 2022, though. Coco Taps made an appearance on the CNBC reality series “The Profit” in addition to the Shark Tank. Host Marcus Lemonis was astonished by the clarity and freshness of drinking water from a freshly tapped coconut when visiting the Coco Taps headquarters in Las Vegas.

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