According to the latest update from Shark Tank, Brass Roots has a net worth of $8 million. In Brass Roots Shark Tank pitch, founder Aaron Gailmor unveiled his line of roasted Sacha Inchi snacks seeking an investment of $400,000 for 7% of his company. However, the company did not close any deal with the Sharks.
Brass Roots Net Worth
Company Name | Brass Roots Snacks |
Net Worth | $8 Million |
Annual Sales | $3.1 Million |
Founder | Aaron Gailmor |
Asked For | $400k for a 7% equity |
Shark Tank Deal | No Deal |
Lifetime Sales | $6.5 Million |
Brass Roots Sales Update
Brass Roots went on Shark Tank with hopes of securing a $400,000 investment for 7% of their company, boasting $300,000 in lifetime sales at the time. While they didn’t snag a deal with the Sharks, the national exposure skyrocketed their online orders.
Fast forward, and Brass Roots is now a thriving brand, raking in over $3 million annually and projected to hit $5 million by next year. They landed a cool $1 million investment from John B. Sanfilippo & Son, and their snacks are now in nearly 750 Sprouts Farmers Market stores nationwide.
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Shark Tank Pitch
Aaron Gailmor, the founder of Brass Roots, appeared on Shark Tank Season 14 to promote his roasted Sacha Inchi snacks. He highlighted Sacha Inchi as a nutritious Peruvian superfood full of protein and Omega-3s, positioning his brand as a healthy alternative to traditional snacks.
The Offer
Gailmor showcased his Roasted Sacha Inchi and the “Sweet Heat” variety to the Sharks. He was seeking $400,000 for 7% equity in Brass Roots, aiming to use the funds for expanding production, distribution, and marketing.
Negotiations & Reactions
Mark Cuban raised concerns about competition and the ability to stand out in the snack market. Lori liked the product but was worried about the valuation and Gailmorโs experience. Kevin was unimpressed with the financials and market size, and decided not to invest.
Outcome
Despite not securing a deal, Brass Roots gained valuable exposure from the show. The pitch led to increased online interest and boosted sales, helping the company grow its presence.
Final Takeaway
While the Sharks had mixed reactions and no investment was made, the appearance on Shark Tank significantly enhanced Brass Roots’ visibility and sales performance.