|SEASON 3 EPISODE 5|
|Pitch||Line of uniquely blended teas|
|Entrepreneur||Steve Nakisher and Shane Talbott|
|Asked For||$250,000 for 20%|
|Deal||$250,000 for 35%|
What is Talbott Teas?
Talbott Teas is a gourmet tea company known for their specialty blends and unique flavor profiles such as Chocolate Strawberry Temptation, Luscious Lemon Meringue, and Green Tea Indulgence.
Along with whole tea leaves, the blends contain herbs, spices, and real fruit in order to produce the teas’ complex and delicious tastes.
Who are the Talbott Teas Founders?
Talbott Teas was created by Steve Nakisher and Shane Talbott. They were the sole owners until the company was acquired by Jamba Juice in 2012.
Steve Nakisher is a clinical psychologist and entrepreneur and Shane Talbott spent over twenty years working in spas and salons, most notably as Oprah Winfrey’s hair colorist for over a decade.
Talbott Teas was primarily Shane Talbott’s creation, with Steve Nakisher operating largely as a business partner. Shane describes himself as someone with a passion for pampering, influenced by his many years of spa and salon pampering in the professional sphere, and wanted to extend that passion to the realm of tea.
After creating what he described as an ideal blend of quality, creativity, and indulgence, the company was given a financial and publicity boost courtesy of Oprah Winfrey herself when she spoke highly of the teas on her show and added custom created blends to her official store.
Talbott Teas Shark Tank Update
Is Talbott Teas Still in Business?
Talbott Teas was acquired by Jamba Juice in February 2012 for an undisclosed amount and by fall of that year, the teas were in all Jamba Juice stores nationwide.
As part of the acquisition, Steve Nakisher and Shane Talbott were able to retain distribution rights with their previous retailers.