Shark Tank product Go Oats has a net worth of $15 million. Barbara Corcoran invested $150k in the company for 20% equity. Founded by Chef Nahum Jeannot, Go Oats today generates $4 million in annual revenues making it one of the best deals in Barbara’s portfolio.
Go Oats is available at Whole Foods and Costco and also makes online sales through their website. It is one of the most favourite products among viewers of Shark Tank.
Go Oats Net Worth
| Net Worth | $15 Million |
| Annual Sales | $4 million |
| Profits | $1.2 Million |
| Lifetime Sales | $7 Million |
| Founder | Nahum Jeannot |
| Employees | 5 |
| Investor | Barbara Corcoran |
Go Oats Revenues
During its first year in business, Go Oats did $13,000 in sales revenues. When Go Oats was pitched on Shark Tank, the company was generating $70,000 in annual revenues. However, its fortunes changed after Barbara’s investment.
After appearing on Shark Tank, the company made $500k in sales during the succeeding year. Since then, with the help of Barbara, Go Oats expanded its footprint to hundreds of retail stores and also cut down on manufacturing costs.
As of today, Go Oats is doing $4 million in revenues each year. Go Oats is now available across 310+ stores in North America. Barbara is in talks with global companies to expand the product to 25 countries in Europe & Asia.
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Barbara’s Earnings from Go Oats
Barbara is the shrewdest shark in terms of milking profits from a company, which is apparent from her other investments.
She owns 20% of Go Oats and earns $175,000 in profits each year, which is more than her initial investment.
As of today, Barbara has earned $260k from the company, which means she already recovered double her investment. Barbara’s 20% stake in the company is today valued at $3 Million.
How is Go Oats Founder doing today?
Nahum Jeannot lost his job as a Chef during Covid. But he hit a jackpot with Go Oats and today is a multi-milllionaire.
Jeannot currently draws $100k salary from the business. In addition, he takes home over $500k in profits each year.
Jeannot recently gifted himself a brand new Mercedes AMG that is worth over $290k. He also bought a a apartment in New York on a mortgage from Citi Bank.
Go Oats Pitch
Go Oats founder Nahum Jeannot pitched $150,000 for a 10% stake in the company. His company offers Oatmeal in a ball, that can be cooked in a few minutes and eaten on the go. In his words, Go Oats makes breakfast and snacking simpler.
Nahum Jeannot was a successful chef who previously worked with top hotels such as Four Seasons and Hyatt. During his stint at Hyatt, he invented Go Oats as a breakfast item.
Barbara is the first person to compliment Go Oats, who said that these are better than regular oatmeal. Mark and Kendra follow suit. It is clear at this point that Go Oats is surely going to land a deal with the Sharks.
Barbara is the first Shark to make an offer giving $150k but for 25% equity in the company. Finally, the deal is accepted at 20% share.
Frequently Asked Questions
Since appearing on Shark Tank, Go Oats has grown at a rate of 25% each month and today generates $390,000 in monthly sales.
The annual revenues of Go Oats stand at $4 million.
Go Oats was founded by Nahum Jeannot, who owns 70% of the company.
Go Oats is valued at $15 million. Go Oats offers oatmeal in a ball that can be cooked in less than a minute in an oven.