Fat Shack Shark Tank Update

Fat Shack Shark Tank Pitch

Tom Armenti appeared on Shark Tank Season 10, Episode 23, which aired on May 12, 2019, with over-the-top fat food restaurant.

Fat Shack is listed in the Food Beverage category. In plain terms, the business is described as over-the-top fat food restaurant.

Fat Shack asked the Sharks for $250,000 for 7.5%, implying a valuation of about $3.3 million.

On the show, Fat Shack made a listed deal with Mark Cuban for $250,000 for 15%.

If treated as straight equity, the listed deal works out to about $1.7 million implied valuation, down from the original $3.3 million implied valuation.

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

Fat Shack After Shark Tank

Fat Shack accepted an on-air Shark Tank deal for $250,000 for 15%, and later updates say the deal closed. (Fat Shack Shark Tank Update

Update sources put Fat Shack's annual revenue around $1 million. (Fat Shack Shark Tank Update

After the original air date, they fielded over 3000 franchise requests. (Fat Shack Shark Tank Update

Florida and Maryland locations were added. (Fat Shack Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches