Topsail Steamer Shark Tank Update

Topsail Steamer Shark Tank Pitch

Topsail Steamer appeared on Shark Tank Season 16, Episode 2, which aired on October 25, 2024, with Seafood Steampots.

Topsail Steamer is listed in the Food Beverage category. In plain terms, the business is described as Seafood Steampots.

Topsail Steamer asked the Sharks for $350,000 for 8% equity, implying a valuation of about $4.4 million.

On the show, Topsail Steamer made a listed deal for $350,000 for 18% equity.

If treated as straight equity, the listed deal works out to about $1.9 million implied valuation, down from the original $4.4 million implied valuation.

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

Topsail Steamer After Shark Tank

Topsail Steamer accepted an on-air deal for $350,000 for 18% equity. Topsail Steamer remained active after the episode. (Topsail Steamer - Shark Tank Season 16

Topsail Steamer has steadily expanded since its Shark Tank filming, focusing on shipping nationwide through Goldbelly to make Topsail Steamer's seafood steam pots accessible anywhere. (Topsail Steamer - Shark Tank Season 16

Danielle appeared on Shark Tank Season 16 to pitch Topsail Steamer, seeking $350,000 for 8% equity. (Topsail Steamer - Shark Tank Season 16

It costs $177 per order, with each one costing around $70.80 to make, giving Topsail Steamer a solid 60% profit margin. (Topsail Steamer - Shark Tank Season 16

Topsail Steamer danielle has managed to keep food costs down to 28% of sales. (Topsail Steamer - Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com