Press Waffle Co. Shark Tank Update

Press Waffle Co. Shark Tank Pitch

Bryan Lewis and Caleb Lewis appeared on Shark Tank Season 10, Episode 17, which aired on March 24, 2019, with Belgian waffle shop.

Press Waffle Co. is listed in the Food Beverage category. In plain terms, the business is described as Belgian waffle shop.

Press Waffle Co. asked the Sharks for $200,000 for 8%, implying a valuation of about $2.5 million.

On the show, Press Waffle Co. made a listed deal with Barbara Corcoran for $300,000 for 15%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, down from the original $2.5 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Press Waffle Co. After Shark Tank

Press Waffle Co. accepted an on-air Shark Tank deal for $300,000 for 15%, and later updates say the deal closed. (Press Waffle Shark Tank Update

Update sources put Press Waffle Co.'s annual revenue around $8.5 million. (Press Waffle Shark Tank Update

On the night the show aired, they got over 400 qualified franchisee leads. (Press Waffle Shark Tank Update

the business later returned for an update segment in episode 1116 where we hear about their new stores. (Press Waffle Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches