OatMeals Shark Tank Update

OatMeals Shark Tank Pitch

Samantha Stephens appeared on Shark Tank Season 10, Episode 7, which aired on December 1, 2018, with oatmeal bar and cafe serving up a modern oatmeal experience.

OatMeals is listed in the Food Beverage category. In plain terms, the business is described as oatmeal bar and cafe serving up a modern oatmeal experience.

OatMeals asked the Sharks for $500,000 for 20%, implying a valuation of about $2.5 million.

On the show, OatMeals made a listed deal with Lori Greiner for $500,000 for 33.3%.

If treated as straight equity, the listed deal works out to about $1.5 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.

OatMeals After Shark Tank

OatMeals accepted an on-air Shark Tank deal for $500,000 for 33.3%. The on-air deal did not close. The company is now out of business. (OatMeals Shark Tank Update

She wanted to franchise the business and build out more stores, but she never got the chance. (OatMeals Shark Tank Update

Unfortunately, this business fell victim to the Covid-19 pandemic. (OatMeals Shark Tank Update

The company closed their doors on January 24, 2021. (OatMeals Shark Tank Update

Samantha continues to post oatmeal recipe ideas on the Oatmeals Facebook page and continues to sell her granola online. (OatMeals Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches