11 Food & Beverage Company Success Stories [2024]
Here are some real life success stories of starting a food & beverage company:
1. Plum Deluxe Tea ($900K/year)
Andy Hayes, the founder of Plum Deluxe, started off with a blog and a desire for a more fulfilling career. After generating traffic and revenue through display ads and affiliate relationships, Andy decided to launch his own product. Drawing on his love for tea and missing the flavors from Europe, he partnered with a tea farmer's market booth to create unique tea blends. Through launching his business with a built-in market and strategic marketing efforts, Plum Deluxe has grown to become one of the largest tea subscription boxes, on track to hit 7-figure annual revenue.
How much they make: $900K/year
Current team size: 7
How Andy Hayes built a 7-figure online loose leaf tea business, with one of the largest tea subscription boxes and a curated selection of tea accessories, generating half of their revenue from a la carte tea sales and half from their popular tea of the month club community.
2. Simple Green Smoothies ($360K/year)
Jen Hansard, the co-founder of Simple Green Smoothies, came up with the idea when she stumbled upon an article about boosting the immune system with green smoothies. After experiencing the health benefits firsthand, she started sharing recipes on Instagram and her blog, which eventually turned into a successful business generating as much as $30,000 a month in revenue.
How much they make: $360K/year
Current team size: 1
Simple Green Smoothies boasts a free 7-day smoothie challenge that has helped over 2 million people take control of their health and generates revenue with programs ranging from a 21-day cleanse to a plant-based meal planner, bringing in as much as $30k a month and also working to help women farmers in Cambodia build mushroom farms through World Hope International.
Learn more about starting a food & beverage company:
Where to start?
-> How much does it cost to start a food & beverage company?
-> Pros and cons of a food & beverage company
Need inspiration?
-> Examples of established food & beverage company
-> Marketing ideas for a food & beverage company
Other resources
3. VIRTUE Tea ($108K/year)
Andrea Legg and Alex Balcer, founders of VIRTUE Tea, left their careers in the circus industry to start their organic tea and matcha business. After experiencing high-grade tea while traveling in Europe, Andrea became hooked and they decided to create a business focused on quality, ethical sourcing, and minimizing environmental impact. Despite the challenges of COVID-19, their online sales have tripled and they have expanded their reach to customers across Canada and the US.
How much they make: $108K/year
How much did it cost to start: $5K
Current team size: 2
VIRTUE Tea is a business founded by Andrea Legg and Alex Balcer who source high-grade organic tea from Asia through ethical supply chains, and their business, despite COVID, is now shipping tea and matcha to various locations in Canada and the U.S.
4. Simple Goodness Sisters ($84K/year)
Belinda and Venise, the Simple Goodness Sisters, came up with the idea for their business while running a mobile bar company. Clients constantly asked how to recreate the fresh, farm-fresh drinks served at their events, leading them to develop their own small-batch, homemade mixers made with ingredients from Venise's farm. After much research and hard work, they launched their farm-to-bar mixers and accessories in Fall 2018, with their products gaining popularity in the cocktail and alcohol-free cocktail scene.
How much they make: $84K/year
How much did it cost to start: $30K
Current team size: 0
Simple Goodness Sisters is a lifestyle beverage brand that produces "farm to bar" cocktail mixers and accessories made with natural, sustainable ingredients, growing at a rate of 4 times their original production.
5. Revive Me ($6K/year)
Ryan Pfeiffer, founder of Revive Me, came up with the idea for his wellness shot company after realizing the need for a convenient and effective way to boost the immune system. As an investment banker in New York, he couldn't afford to get sick and would load up on vitamins and health drinks. After experimenting with ingredients and receiving strong validation from a friend, Ryan created a unique blend of ingredients that became his signature product. He hand-delivered bottles himself to improve customer relationships and launched his business with a soft launch in New York. Despite not being profitable yet, Ryan is focused on investing every dollar back into the business and growing his online sales.
How much they make: $6K/year
How much did it cost to start: $6K
Current team size: 0
Revive Me is a wellness shot company projected to reach $5k in sales over the coming months, providing a natural, shelf-stable drink that caters to anyone who doesn’t have time to be sick or rundown.
6. Jibby Coffee ($102K/year)
James and Álvaro, the founders of Jibby Coffee, came up with the idea for their business during a Zoom call in March 2020. Álvaro mentioned adding CBD to his coffee to improve his mood, and that sparked the idea to create a coffee brand that balanced the natural jitters of caffeine with CBD. After months of refining their product and working through production challenges, they successfully launched Jibby Coffee and sold out of their initial production run in just two weeks. They continue to receive feedback from customers, refine their messaging, and plan to expand their product offerings in the future.
How much they make: $102K/year
How much did it cost to start: $30K
Current team size: 0
Jibby Coffee is a feel-good coffee brand that raised $8.5k per month by cold-brewing organic Colombian coffee and balancing it with tasteless, lab-tested CBD to create a better coffee experience.
7. Eli Mason ($540K/year)
Christopher bought this business from the original founder in 2017 after he fell in love with their products at local bottle shops. He was struggling to make a good cocktail on his own, and this was the first one his wife also loved!
How much they make: $540K/year
How much did it cost to start: $10K
Current team size: 0
How Christopher Thomas turned a struggling cocktail mixer brand into a consistent low five-figure business by investing in e-commerce growth and customer reviews, focusing on all-natural ingredients, and revamping the website and packaging.
8. Bluebird Provisions ($635K/year)
After being told he would never run again due to a foot injury, the founder of Bluebird Provisions Bone Broth healed his foot and got back to winning ultra marathons using bone broth. Fueled by his conviction to share this healing elixir, he quit his job and started Bluebird Provisions. Now, the brand is the fastest-growing bone broth brand in North America, with monthly revenues of $49,000 and a 5000% increase in customer base since its inception.
How much they make: $635K/year
How much did it cost to start: $30K
Current team size: 1
Bluebird Provisions Bone Broth is North America's fastest-growing bone broth brand, doing 49,000 per month and growing 50% YoY, with 5000% growth in customer base since starting, thanks to an SEO-focused strategy, email marketing, referrals, and Amazon.
9. Paper Boat Drinks ($28.6M/year)
How much they make: $28.6M/year
Current team size: 200
Paper Boat, a brand of traditional Indian drinks and culinary goods, has seen a 20% growth in sales in FY2020 with revenue increasing from INR 195 Cr to INR 235 Cr by taking customer feedback, introducing new flavors, focusing on market segmentation, and conserving ancient recipes.
- 4,818 founder case studies
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
