'Shark Tank': Her parents came to America with only $100–now this founder landed a 6-figure deal with Mark Cubanĭisclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank.'Shark Tank': Why Mark Cuban, Lori Greiner fought to invest 6 figures in a 'fast pasta' restaurant.'Shark Tank': Daymond John threw Lori Greiner 'under the bus' to invest in this sneaker company.My wife, my family, everyone that pours their heart and soul into making such a great product – I'm disappointed for them that I couldn't bring home a deal, but I hope they're proud of me anyway," Scharfman said.Ĭheck out: The best credit cards of 2021 could earn you over $1,000 in 5 years "While I respect both Kevin and Lori's offers, I'm going to have to decline," Scharfman said, as he was worried about doing a royalty deal and hurting his cash flow.Īs for Cuban, Scharfman "politely and respectfully" declined, as he did not want to give away 15% of his company. I want 15%, no royalty."īut Scharfman declined to accept any of the three offers. I'll give you the half a million dollars for 15 cents a bar until I recoup $750,000," Greiner said.įollowing Greiner, Cuban said, "I'll offer you $500,000. But after back and forth between Scharfman and O'Leary, the two decided to step back in and make an offer. "I think this could be a fantastic business if you get more distribution."Īt first, O'Leary was the only Shark to make an offer – Greiner and Cuban initially declined to invest, citing high risk. "I'll give you the $500,000, but I want a 20-cent royalty per bar ," O'Leary said. O'Leary said, "That's terrible margins," but still wanted to make a royalty offer. It costs about 95 cents to make each two-bar pack, Scharfman said, and it retails for $1.27 a piece. Scharfman added that his family self-funded the company, putting in around $1 million in the business. "Year to date, we're at $3.7 million, and we still have four months of the year left" in 2019, he said, at the time of filming. First year in existence, we did $3.5 million in sales," Scharfman said during the episode. Next, the Sharks were curious about sales numbers. Unfortunately for cheese lovers, this delicious dairy product doesn't come cheap. "I can't believe it's so simple," O'Leary said. Updated On : 16:02 PST, Tate Koenig, founder of The Cheese Chopper, makes his pitch on 'Shark Tank' (ABC) From dips to pizza, cheese makes every food item delicious and elevates it to the next level by lending an amazing flavor and texture to the dish. I have to admit, I've had this before," Greiner said during the episode. By August, the company finished up thorough testing of their products before shipping them out to the general public."Really good. By July 2020, the company started shipping out their first batch of products to early backers, which received good reviews. ![]() The Cheese Chopper: Where Are They Now?īy June 2020, The Cheese Chopper managed to raise more than a hundred thousand dollars on Kickstarter. Furthermore, with such easy grating and slicing options, Koenig said that customers wouldn’t have to buy pre-sliced or grated cheese that costs more. Koenig also claims that the airtight container will keep the cheese fresh for an extended period. ![]() ![]() Slicing is effortless and just needs the customer to use the mechanism to push the cheese out and then slide down the wire, blade, or grater provided in the box to cut the cheese. The open end has guillotine-style guards on either side that helps the blades glide down and get the perfect cut every time. Cheese □ Cheese Chopper has an airtight container that opens out on one end.
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