Shark Tank Pitch

Vermont Butcher Block & Board Co. Shark Tank Update

Published:

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Vermont

Vermont Butcher Block & Board Co. Shark Tank Update


Pitch Overview
NameVermont Butcher Block & Board Co.
Main PresentersDavid Glickman
Presenter Image
Vermont Butcher Block & Board Co. Entrepreneurs: David Glickman
Product Image
Vermont Butcher Block & Board Co. Product Image
Last Known in Business1/1/2017
Main Location

Vermont

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Order Shown in Episode3
Final DealOffer made from sharks

Vermont Butcher Block & Board Co. Shark Tank Pitch

David Glickman and his wife left their corporate jobs in Manhattan, New York, to start Vermont Butcher Block & Board Co., which David believes makes the most excellent and beautiful wooden kitchen products. David moved to Vermont and decided to wear tie dye from then on out.

I don't care if you wear goat skin. I wanna know if you make any money.

—Kevin O'Leary

Since 2004 Vermont Butcher Block & Board Co. has done $2.9 million in sales. Last year's sales were $800k, and this year David projects just over $1 million with around a $200k profit. David has a retail store in Vermont, which does about $400k a year, and the rest comes from several other channels, such as online and wholesale.

The sharks agree that David's products are well-made but feel they don't know enough about the wood-cutting board industry to put $400k at risk, and all sharks go out. David offers more equity to the sharks after they are all out but fails to persuade them.


Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$400k for 25% of company
SharksOutMark CubanOut
SharksOutKevin O'LearyOut
SharksOutDaymond JohnOut
SharksOutRobert HerjavecOut
SharksOutLori GreinerOut
CompanyOffered$400k for 40% of company
CompanyOffered$400k for 45% of company

Mark Cuban
Mark Cuban

Mark Cuban

Out

Daymond John
Daymond John

Daymond John

Out

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Out

Lori Greiner
Lori Greiner

Lori Greiner

Out

Robert Herjavec
Robert Herjavec

Robert Herjavec

Out


Updates in Shark Tank Episodes

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Vermont Butcher Block & Board Co. After Shark Tank

According to a 2018 article by burlingtonfreepress.com

Link Preview

burlingtonfreepress.com

https://www.burlingtonfreepress.com/story/money/2018/08/09/shark-tank-how-vermont-butcher-block-ended-up-bankruptcy/829748002

, soon after Shark Tank, The Flex Fund, a Vermont-based investment group invested $250,000 in Vermont Butcher Block in exchange for a royalty of future revenues, which allowed David to manufacture in a commercial space.

Vermont Butcher Block and Board Co.'s storefront was leased from 94-year-old Dorothy Walcoff. Dorthy said the store did well in the first year but faded off. David always had an excuse for why his rent payments would be skipped or late. In 2015 David asked to get out of the lease early and shut down the store.

In 2017 David was down to three employees from its peak of 15. David focused on cutting boards because they were simple and sought instant gratification. In November 2017, David Glickman filed for chapter 7 bankruptcy, leaving $800k in unpaid debts to various entities.

As of 2022, Vermont Butcher Block appears to have been taken over by new owners who continue to sell wood products at vermontbutcherblock.com

Link Preview

vermontbutcherblock.com

https://www.vermontbutcherblock.com

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