Buena Papa Shark Tank Update

Buena Papa Shark Tank Pitch

James and Johanna Windon appeared on Shark Tank Season 15, Episode 4, which aired on October 20, 2023, with Loaded french fry dishes.

Buena Papa is listed in the Consumer Products category. In plain terms, the business is described as Loaded french fry dishes.

Buena Papa asked the Sharks for $400,000 for 7% equity, implying a valuation of about $5.7 million.

On the show, Buena Papa made a listed deal for $400,000 for 19% equity.

If treated as straight equity, the listed deal works out to about $2.1 million implied valuation, down from the original $5.7 million implied valuation.

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

Buena Papa After Shark Tank

Buena Papa accepted an on-air deal for $400,000 for 19% equity. After filming, that deal closed. (Buena Papa Shark Tank Update – Shark Tank Season 15

In January, 2024, Buena Papa closed Buena Papa's Durham store to focus Buena Papa's resources on franchising. (Buena Papa Shark Tank Update – Shark Tank Season 15

As of May, 2024, no new franchises have opened Buena Papa's doors yet and there's still no hard evidence the deal with Robert closed. (Buena Papa Shark Tank Update – Shark Tank Season 15

In early 2024, Buena Papa launched Buena Papa's first franchise in Jacksonville, NC. (Buena Papa Shark Tank Update – Shark Tank Season 15

In November, 2023, just a month after the initial air date, it is unclear whether the deal with Robert has closed. (Buena Papa Shark Tank Update – Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com