What Happened To Toast It After Shark Tank?
FlyWithWine After Shark Tank Update: Toast It is a brand that makes ready-to-eat Venezuelan arepas and Latino foods. Arepas is a very popular cake in Central and South America, mainly people of Colombia and Venezuela like to eat it.
They knew the recipe for cookies from their mothers, so they created a product that was ready-to-toast and had traditional flavors in it. Company started making arepas from their kitchen with a taste of Latin American culture.
They were successful in striking deals with big supermarket chains like Walmart and Whole Foods. Both these sisters appeared in Shark Tank Season 15 Episode 2 for investment so that they will be able to expand their business.
What is Toast It?
TOAST IT is a brand that sells ready-to-eat Venezuelan arepas and Latino foods. This brand sells different types of products like Cassava Arepas, Chia Flaxseed Arepas, Original Arepas, Pandebono Bites, and Plantain Bunuelos.
All Arepas are gluten-free, dairy-free, sugar-free, and gluten-free and use high-quality ingredients to make the product. The cost of 6 packs of Cassava(Yuca) Arepas is $55.99 and the cost of 6 packs of Original Arepas is $49.99.
Who Is The Founder Of Toast It?
The co-founders of Toast IT company are two sisters Mafe Cabezas and Coco Viete. They started their business in 2019 from their kitchen.
Toast It Shark Tank Update
| Company Name | Toast It | |
| Founder | Mafe Cabezas and Coco Viete | |
| Founded | 2019 | |
| Product | Guilt-free & convenient Latin American food staples | |
| Asked For | $100k for 5% equity | |
| Final Deal | $150k for 20% equity | |
| Shark | Daniel Lubetzky | |
| Episode (Shark Tank USA) | S15 E2 | |
| Air Date | Oct 6, 2023 | |
| Business Status | In Business | |
| Toast It Net Worth | $0.3M *estimated | |
| Headquarters | Miami, Florida, USA | |
| Toast It Instagram | View Profile | |
| GO TO AMAZON | Buy Now | |
Also Read This: What Happened To Wildwonder After The Shark Tank?
Toast it on shark tank Pitch
Mafe Cabezas and Coco Viete Ask Sharks for $100K for 5% Equity After Appearing on Shark Tank. Explained their business journey to the sharks. The Sharks liked the taste of Arepas very much.
Making cost $2.30 and selling cost $3.23 in this the gross margin is only 30% after expenses 20% margin.
Kevin O’Leary offered $100k for 20% equity at a $500,000 Valuation. Daniel Lubetzky matches Kevin O’Leary’s offer of $100k for 20% equity.
Founder countered with $150k for 15% equity. Kevin O’Leary refused. Daniel counters $150k for 20% equity. The founder accepted the offer from Daniel Lubetzky.
FlyWithWine Net Worth
Toast It net worth is estimated at $0.3 million. The bigger the food industry is, the more competition there is. Many popular brands are competing in this industry. At present, most companies are running at a loss.
Is Toast It Still In Business?
Yes, Toast It is still in business as of October 2023.
The culture of Latin America is found in the food of this brand. According to a report, in 2021, there are an estimated 62.5 million Latinos living in the United States.
The official address of this food brand is Miami, Florida, United States and 2-10 employees are working in it.
FAQs
The co-founders of Toast IT company are two sisters Mafe Cabezas and Coco Viete.
Toast It net worth is estimated at $0.3 million.
Yes, Toast It is still in business as of October 2023.
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