12/29/2023 0 Comments Cheese chopper shark tank updateIt also has a built-in storage container that can hold up to four ounces of cheese. The Cheese Chopper is a plastic, T-shaped device with a grater on one side and a chopper on the other. Koenig’s aim was to create a handheld device that would make it easier to chop cheese without making a mess. It’s not unusual to make a mess while chopping cheese. Cheese, to provide a significant shift in the way we slice, grate, and store cheese. The Cheese Chopper was designed by Koenig, who goes by Mr. Tate Koenig is the inventor of the Cheese Chopper. But what happened after the show? Did they get a deal with one of the sharks? Or did they have to go back to the drawing board? Keep reading to find out! The Cheese Chopper’s Pitch On Shark Tank, the investors had some tough questions for the cheese chopper inventors. This unique invention is a handheld device that allows you to quickly and easily chop cheese without the mess. '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.In Season 12 of Shark Tank, a product called The Cheese Chopper was featured.'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. "I can't believe it's so simple," O'Leary said. I have to admit, I've had this before," Greiner said during the episode.
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