Avocaderia Shark Tank Update

Avocaderia Shark Tank Pitch

Alessandro Biggi appeared on Shark Tank Season 9, Episode 22, which aired on February 10, 2018, with avocado inspired bar restaurant.

Avocaderia is listed in the Food Beverage category. In plain terms, the business is described as avocado inspired bar restaurant.

Avocaderia asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, Avocaderia made a listed deal with Mark Cuban for $400,000 for 20%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, down from the original $3 million implied valuation.

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

Avocaderia After Shark Tank

Avocaderia accepted an on-air deal with Mark Cuban and Barbara Corcoran, but the deal did not close after filming. (Avocaderia Shark Tank Blog update

The company kept expanding anyway, opening a second location in May 2018 and continuing to grow after the Shark Tank exposure. (Avocaderia Shark Tank Blog update

The business survived a temporary health-department closure at one location and the COVID-19 disruption, then resumed growth as New York dining reopened. (Avocaderia Shark Tank Blog update

By 2024, Avocaderia, later operating as Avo, had grown to five New York City locations, with follow-up reporting putting revenue at a little over $1 million per store. (Avocaderia Shark Tank Blog update

Sources

Sources used for this page: Shark Tank API pitches