At one point Mark Cuban called it “stupid on a stick” but Craig responded that it was “stupid on a potato.” Fair point. Even though there were sales coming in, it was hard for the sharks to find value in it and take it seriously. While making their pitch, it was brutal at times for Bekhit and Craig. People were really buying these potatoes! It’s a simple concept. In 13 months the company had reached $215,000 in sales. When founders Riad Bekhit and Alex Craig got to the show, they had already sold over 12,000 potatoes. It’s even more ironic that the company was originally started in Dallas. While on the show Mark Cuban and the other sharks laughed in the founders’ face at the idea of selling potatoes with messages on them. It’s quite ironic that Dirk was the first NBA player to post his potato given that Potato Parcel was on Shark Tank last year. Their sauces are still available in more than 100 Walmart locations, a handful of ShopRite stores, and the Lulu Bang website.įor more Shark Tank Season 8 Episode 6 company updates, be sure to check the links below:įor more on Shark Tank Season 8, be sure to check out our Season 8 Products page.This was our 30k points accomplishment gift to Who will be the next baller to share their potato?! /YkZxjpWwOW- Potato Parcel March 15, 2017 However, as it turns out, the restaurant has since closed down.īut, Lulu Bang is still very much operational with their sauce manufacturing and select catering. In January 2017, the Beard sisters started a pop-up restaurant named Lulu Bang Burgers & Wangs at the Common Table in Philadelphia with signature dishes themed around the four sauces. As a matter of fact, just 72 hours after Lulu Bang appeared on Shark Tank in 2016, the company sold $60,000 worth of product and the orders have kept rolling in since. Despite failing to secure a deal on Shark Tank, the Beard sisters are doing relatively well for themselves. With no deal secured, you’d think that our Lulu Bang update would be short, but you’d be wrong. Some sources say the company itself has a value of 1.75 million. Meanwhile, Lori Greiner didn’t think that the product was unique enough, so she backed out followed by Mark Cuban. Shark Tank Blog reported that Potato Parcel had sold over 70,000 parcels as of 2020, making them over 7 million in sales. Robert Herjavec soon followed suit, saying that he found the packaging quite confusing. So, despite loving the sauce, both Kevin and Daymond John were the first to go out. Many of them agreed that it would be too difficult to sell the sauces online as well. Although the sauce had $45,000 worth of sales and was in 170 Walmart stores, the sharks were ultimately unimpressed with the low sales numbers. Kevin O’Leary, for example, pointed out that the business did not have an effective distribution technology. However, despite a successful taste test, as the Beard sisters talked more about how their business worked, the sharks quickly noticed a few areas of concern. Quickly after giving out the samples to all the sharks, they couldn’t get enough of it. The enterprising sisters started their pitch to the sharks on the right note by giving the sharks a taste test. However, that wasn’t the end of the story for Jorrae and Kelly, here’s a Lulu Bang update to explain what happened to the saucy sisters. Unfortunately for the entrepreneurial female duo, a deal was not meant to be. Coming in four different spicy flavors, the Beard sisters sought a $150,000 investment and were willing to give up 10% equity to get a shark on their team. Philadelphia natives Jorrae and Kelly Beard entered the Shark Tank in October 2016 during Season 8 to pitch Jorrae’s Lulu Bang, a food business built on the backs of the sister’s barbeque and marinade sauces.
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