Joshua Parker hopes the Sharks are sweet on his 100% maple syrup business, Parker Maple, in episode 806. He makes his syrup on his family's farm in upstate New York. Joshua got into the business at age 11 after visiting a local sugar house and learning how to tap maple trees for their syrup. His first production run was about 15 gallons. Joshua upped production each year and is shooting for over 1500 gallons this season.
About 3 million gallons of pure maple syrup get produced each year, and that's only a fraction of the overall syrup market. Most store-bought syrups contain artificial flavors and corn syrup. Pure maple syrup makes up less than 10 percent of the total sales volume for pancake syrups. Pure maple syrup has anti-oxidants and lots of minerals, not to mention a lot less sugar. In addition to syrup, Parker Maple produces maple butter and maple cotton candy.
Joshua makes Parker Maple during the winter, when trees can be tapped. He juggled school and sports with his growing business for years. Now he's 18 and in the Tank. He wants to grow his business since he believes pure maple syrup is an untapped market with a lot of room for growth. The industry can provide needed jobs in rural areas during the winter months, too.
He likely needs a Shark to help him amp up production. Will a Shark tap into this potentially lucrative business?
Parker Maple Shark Tank Recap
Joshua will pitch the panel of five Sharks on the business and its prospects for growth. He’ll need to convince Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards." A full pitch re-cap on Parker Maple will be available on Shark Tank Blog once this episode airs.
Parker Maple Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Parker Maple and Joshua Parker as more details become available.