What Happened To RoboBurger After Shark Tank?
RoboBurger After Shark Tank Update: RoboBurger is an autonomous burger chef vending machine invented by Audley Wilson. After receiving the order from the user, this machine grills and assembles the burger in just 4 minutes.
According to the company’s website, this machine has the facility of refrigeration, heating, ventilation, prep line, and cleaning, it will require only 220–240 volts of electricity to come into working condition and will also require 12 square feet of space to keep it. Wilson received a scholarship to Carnegie Mellon University, where he met Dan Braido, who is currently the company’s Chief Technology Officer. Before 2019 they met Andy Siegel and they turned this machine into reality.
What Is RoboBurger?
Wilson received a scholarship to Carnegie Mellon University, where he met Dan Braido, who is currently the company’s Chief Technology Officer. Before 2019 they met Andy Siegel and they turned this machine into reality.
The restaurant owner can take this machine on lease by paying a charge of $67 per day. The special thing about this machine is that it cooks freshly grilled burgers from scratch.
Who Is The Founder Of RoboBurger?
The co-founders of this company are three people: Dan Braido, Audley Wilson, and Andy Siegel. Dan holds a PhD in Chemical and Biochemical Engineering from Rutgers University and has worked in Process Systems Enterprise for approximately 8 years.
Wilson is the inventor of the product and CEO of the company. After taking the degree in Business Administration, he has worked in many companies, including Vimeo, Bark & Co., and Arkadium.
RoboBurger Shark Tank Update
| Company Name | RoboBurger | |
| Founder | Dan Braido, Audley Wilson, Andy Siegel | |
| Founded | 2019 | |
| Product | Autonomous Burger Chef Machine | |
| Asked For | $1.5M for 5% equity | |
| Final Deal | $1.5 million as a loan at market interest rates for a 9% equity | |
| Shark | Michael Rubin Kevin O’Leary | |
| Episode (Shark Tank USA) | S15 E21 | |
| Air Date | April 19, 2024 | |
| Business Status | In Business | |
| RoboBurger Net Worth | $700k *estimated | |
| Headquarters | Jersey City, New Jersey, USA | |
| RoboBurger Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To VSEAT After Shark Tank?
RoboBurger on Shark tank pitch
Dan, Audley, and Andy appear on Shark Tank and ask the Sharks for $1.5m for 5% equity at a $30 Million Valuation. Andy invited Michael Rubin to test the burger machine. After the burger was ready, Michael tested it and said it was quite good. Lori Greiner liked the taste of the burger made by the machine.
Mark Cuban didn’t like the idea of leasing the machine so he said he was out. Michael said that he is an investor in Kevin Hart’s plant-based food company Hart House and he can bring this machine to Hart House but he doesn’t think it’s a business idea yet, so he’s out of it. Lori didn’t understand this business model properly so she said she was out.
Michael offered $1.5 million as a loan at market interest rates for a 10% stake. Andy countered 2% equity. Michael said that this is a very difficult project and if he does not get 10% then he will not be able to do it.
Kevin decided to come into this deal with Michael. Andy countered 8% but Kevin said no. The final deal was signed with 9% equity.
RoboBurger Net Worth
They have losses of $700,000 and next year’s profit is expected to be $1.6 million. After diluting profits with losses, profit stands at $900,000. They have taken a loan of $1.5 million at a 10% interest rate for 1 year. The interest rate in this is $150,000.
Their total repayment will be $1.65 Million. Current Equity is $900,000 and Liabilities are $1,650,000, based on this RoboBurger’s Net Worth is −$750,000.
Is RoboBurger still in business?
Yes, RoboBurger is still in the business as of April 2024.
They are running this business beautifully and after shark tank their sells will also increase if they can get the other company and customers trust they can grow their company big.
Their headquarters is in Jersey City, New Jersey. According to their account, Currently 5-8 people are working in their company.
FAQs
The co-founders of this company are three people: Dan Braido, Audley Wilson, and Andy Siegel.
The Net Worth of the RoboBurger company is $700k.
Yes, RoboBurger is still in the business as of April 2024.
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