Shark Tank Update
Shark Tank Pitch
Lord Nut Levington Shark Tank Update
Published:
2m
Dallas, TX
| Name | Lord Nut Levington |
|---|---|
| Main Presenters | Sanjiv Patel |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 5/1/2018 |
| Main Location | Dallas, TX Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | All Sharks went Out |
Lord Nut Levington Shark Tank Pitch
Sanjiv Patel created Lord Nut Levington nuts and the brand character. Lord Nut Levington nuts have more flavor than other nut brands. Sanjiv went to Babson College, known for entrepreneurship, and joined a fledgling pita chip brand.
Sanjiv put $1.1 million into Lord Nut Levington, which he launched in 2011. Lifetime sales are $700k. Sales in the last 12 months were $300k, with projections to close this calendar year at $350k with no profit by selling in 600 retail stores, such as Wegmans in the northeast.
Kevin believes Lord Nut Levington will get crushed by the large nut brands. Sanjiv counters that Kevin as a financial guy, should know the saying past returns are no reflection of future performance. Not to interject but I recall the common joke in finance is hearing people say "This time is different."
Barbara senses that Sanjiv is more interested in building a business and does not show his joy for flavored nuts enough. Still, Robert wasn't clear on the plan. Lori was allergic to peanuts, and Mark just wasn't quite there. All sharks go out.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $500k for 30% of company | |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Mark Cuban | Out |
Mark Cuban
Out
Barbara Corcoran
Out
Kevin O'Leary
Out
Lori Greiner
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Lord Nut Levington After Shark Tank
According to Sanjiv Patel's LinkedIn https://www.linkedin.com/in/sanjiv9, he was the CFO of Stacy's Pita Chip Company during its growth from $2 million in annual revenue to $60 million and ultimately being acquired by Pepsico. Sanjiv started Lord Nut Levington in 2008 and grew annual sales to $1 million, selling in 2000 stores.Link Preview
LinkedIn
Sanjiv closed Lord Nut Levington in 2018. In 2020 Sanjiv was the CEO of a food brand. In 2023 he is the VP of Finance for a company.
Lord Nut Levington's website went down completely in 2019. The last post from its Facebook https://www.facebook.com/lordnutlevington https://x.com/LordNutLev https://www.instagram.com/lordnutlev Twitter, @LordNutLev Link Preview
Facebook , and Instagram, @lordnutlev Link Preview
@LordNutLev , was in 2018.Link Preview
@lordnutlev
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