What Happened Custard Stand Hot Dog Chili After Shark Tank?
What is Custard Stand Hot Dog Chili?
Custard Stand Hot Dog Chili is a company that makes 100 percent ground beef using a century-old family recipe, a secret blend of spices, and high-quality ingredients.
Hot Dog from the Custard Stand Chili, like Coney Island Sauce, is a meat-based hot dog topping (no beans) (or, depending on where you live, a Michigan sauce or a Texas Weiner sauce).
A traditional West Virginia hot dog is a wiener (or frank) on a steamed bun with chili, coleslaw, onions, and mustard; some people add cheese.
Food Products from the Custard Stand Some West Virginia hot dog enthusiasts may find it too mild, but it’s better to be too mild than too spicy: you can always spice anything up, but you can’t spice it down!
Who is the founder of Custard Stand Hot Dog Chili?
Hot Dog from the Custard Stand Dee and Angie Cowger, husband and wife, founded Chili. The Cowgers opened their first hot dog stand, The Custard Stand, in 1991.
They’d been serving hot dogs and ice cream in Webster Springs, West Virginia, for more than a decade, and their family recipe chili sauce was a client favorite.
In 2003, the Cowgers began packing and selling their chili from a car wash behind their stand, which they subsequently turned into a USDA-approved production plant, in response to years of public demand.
They’ve now opened a second location in Flatwoods, WV, and have a franchisee running four more locations in Danville, Elkins, Mannington, and Oak Hill, WV.
Their business is growing in both directions: their chili can be found in 15 states across the Midwest and southern east coast at Kroger, Wal-Mart, Sam’s Club, IGA, and dozens of mom and pop shops. They offer their chili to other eateries as well.
What Happened to Custard Stand Hot Dog Chili at Shark Tank pitch?
Dee and Angie Cowger hope the Sharks like Custard Stand Food Products, their brand of all-beef chili and chili soup, as they pitch in Shark Tank’s “Made in America” special, episode 718. The Cowgers desired a Shark to assist them with expanding their manufacturing capacity (currently 4000 pounds per day) and become a national brand.
Dee and Angie start with a segment at home. They met in high school and have three children, one grandchild, and two more on the way.
The Custard Stand has been in business for 24 years. Customers appreciate the cozy environment of the establishment. The chili is their most popular product. They want the Sharks’ investment to become a national endeavor.
The couple asked $400,000 for a 10% stake in their company, which worth $4 million.
They talk about the history of their eatery. Chili dogs are the most popular item. Angie got the recipe from her grandma. There are no fillers or additives, and Angie states that “every single component on the package can be pronounced.”
They offer chili and explain that it lacks beans, but the chili soup has, and it’s spicier. They made $1.6 million in a year and generated a profit of $217,000 by selling to regional stores. They have a regional product, but they want to be a national brand.
Daymond likes the chili but was worried about the $400,000 price tag. He believes that in order to keep their product’s purity, they must do Rand D, open stores, and advertise. He considers $400,000 to be insufficient. He’s out.
When the Cowgers explain that they are $700,000 in debt, the Sharks lend them money. The shop was liable for $300,000 of the debt, while the chili restaurant is liable for $400,000 of the debt.
Lori thinks they’re doing a great job, but she enjoys hot chili, so she’ll pass.
Robert thinks they’re killing it, but he thinks it’ll be impossible to scale it nationwide; he’s out. Kevin asserts that a large player would pay $1 million for their firm; he feels it isn’t worth $4 million and he exits.
According to Mark, they are multimillionaires, and everyone aspires to be “that pair.” Mark applauds, but he can’t remain since there are too many moving parts.
“You are everything that everyone who watches this program wishes to be,” he adds in his parting remarks to the Cowgers. They are upset with the hall, but they hope it will provide them with strength. Finally, the couple walked away from the pitch without a deal.
What Happened Custard Stand Hot Dog Chili After Shark Tank?
Despite the fact that the Sharks did not bite, the show’s impact on Custard Stand Food Products, as well as the outpouring of support, has been phenomenal.
More than 200 people came at The Custard Stand in Webster Springs to witness the Cowgers perform.
Thousands of individuals expressed their support by calling, texting, emailing, and posting on social media. The best thing is that online sales have increased by 5,000% (and are still growing!).
As of January 2022, this firm is still in existence and makes $15 million in revenue each year.
Custard Stand Hot Dog Chili’s Net Worth
During and after the pitch, the firm’s valuation was $4 million; since then, the company has done well in sales, with yearly revenue of $15 million as of January 2022.
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Custard Stand Hot Dog Chili FAQs
What exactly is Custard Stand Hot Dog Chili?
Custard Stand Food Products is situated in Webster Springs, West Virginia. They offer their patented chili sauce and chili soup all year throughout the mid-Atlantic, southern east coast, Ohio Valley, and southern Midwest regions of the country.
Who is the originator?
The Custard Stand Food Products are developed by Dee and Angie Cowger.
How much money were they looking for on Shark Tank?
They were looking for $400,000 for a 10% stake in their firm, which was worth $4 million.
Did they have the deal?
No, they had no deal with any Shark Tank investor.
Is Custard Stand Hot Dog Chili still open?
Yes, Custard Stand Hot Dog Chili is still in operation and earns $15 million a year.
Where can I find Custard Stand Hot Dog Chili?
Custard Stand Hot Dog Chili is located near Webster Springs, West Virginia.
Is Custard Stand Hot Dog Chili available for purchase?
No, the business is not for sale.
What is Custard Stand Hot Dog Chili’s revenue?
As of January 2022, the firm makes $15 million in revenue every year.
What is the purpose of Custard Stand Hot Dog Chili?
They create and sell their all-beef chili and chili soup all throughout the country. Originally a localized product, their sauce is now accessible in fifteen states spanning the Midwest and southern east coast. They also provide other eateries with their products.
How many ingredients are there in Custard Stand Hot Dog Chili?
Beef, water, soybean oil, vinegar, salt, and onion powder are the ingredients. There are no beans or fillers!
What is the Web Address of Custard Stand Hot Dog Chili?
The website for Custard Stand Hot Dog Chili is http://CustardStand.com.
Where does the flavor of Custard Stand Chili come from?
Their family recipe, created in the heart of West Virginia, has a secret blend of spices and high-quality ingredients. There are no Tran’s fats, gluten, or fillers in the Custard Stand Hot Dog Chili. There are no additives or preservatives. They will also be able to identify all of the components.
How long will Custard Stand Chili keep?
The hot dog chili may be microwaved or cooked in a pot on the stove. Thawed in 60 days; frozen in up to 2 years.
What is the amount of Chili in a Hot Dog?
Because each hot dog is topped with around 2 teaspoons of chili, 14 cup chili is required per person. That works out to around 12.5 cups of chili for a party of 50 people. (Alternatively, double this recipe by three.) To serve 100 people, they’ll need around 24-25 cups of hot dog chili sauce (multiply this recipe by 6).
Is it healthy to eat Stand Hot Dog Chili?
There are no preservatives in it! And it tastes fantastic!
How many calories are there in a serving of Stand Hot Dog Chili?
It has 860 calories per cup (4 tablespoons) for a single serving. This dish may be doubled by three for a party of 100 people, yielding 8 quarts per person.
Is Custard Stand Hot Dog Chili vegetarian and vegan?
This product is, indeed, vegan.
