Shark Tank Pitch

Lord Nut Levington Shark Tank Update

Published:

2m

Dallas, TX

Lord Nut Levington Shark Tank Update


Pitch Overview
NameLord Nut Levington
Main PresentersSanjiv Patel
Presenter Image
Lord Nut Levington Entrepreneurs: Sanjiv Patel
Product Image
Lord Nut Levington Product Image
Last Known in Business5/1/2018
Main Location

Dallas, TX

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Order Shown in Episode2
Final DealAll 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 ByLabelSharks Part of DealSummary
CompanyOffered$500k for 30% of company
SharksOutKevin O'LearyOut
SharksOutBarbara CorcoranOut
SharksOutLori GreinerOut
SharksOutRobert HerjavecOut
SharksOutMark CubanOut

Mark Cuban
Mark Cuban

Mark Cuban

Out

Barbara Corcoran
Barbara Corcoran

Barbara Corcoran

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

Update SeasonUpdate Episode
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Lord Nut Levington After Shark Tank

According to Sanjiv Patel's LinkedIn

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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.

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

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Facebook

https://www.facebook.com/lordnutlevington

Twitter, @LordNutLev

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@LordNutLev

https://x.com/LordNutLev

, and Instagram, @lordnutlev

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@lordnutlev

https://www.instagram.com/lordnutlev

, was in 2018.


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