What Happened to Atlas Monroe Chicken After the Shark Tank?
What is Atlas Monroe Chicken?
Atlas Monroe is a San Francisco Bay Area-based food company that delivers 100% vegan, all-natural, plant-based delights such as vegan ribs, vegan bacon, vegan stuffed turkey, and their famous vegan fried chicken in a proprietary spice blend.
Who is the Founder of Atlas Monroe?
Deborah Torres founded Atlas Monroe in 2017, and she continues to play an essential role in the company as CEO.
Deborah grew up eating a lot of meat and discovered the vegan lifestyle after a weekend binge on her parents’ meat-heavy diet.
She returned home after a year of travel to learn her father had diabetes.
After conducting some internet research, she realized that a vegan diet may be able to help her father. When the family tried vegetarianism for 30 days, her father was cured. As a result, she adopted a vegan diet.
In early 2017, the company debuted as one of several vegan options in the San Francisco Bay area. They started catering and distributing in the south bay area and rapidly became a local favourite.
Initially, everything was made to order, with a several-hour wait time. When they were identified, everything went off.
They presently sell online and supply a number of restaurants with their “chicken.”
Atlas Monroe’s vegan fried chicken received “Best Food” in the 2018 National Fried Chicken Event, a testament to the quality of their dish; they were the festival’s only vegan vendor.
Other dishes, such as bacon, ribs, and turkey, are based on real meats.
What Happened to Atlas Monroe Chicken at the Shark Tank Pitch?
Jonathan and Deborah entered Shark Tank Season 11 Episode 2 looking for $500,000 in exchange for a 10% ownership in their firm. This corresponds to a $5 million valuation.
The Sharks enjoy “fried chicken,” but they loathe its high price. They are particularly concerned when business owners are reticent to share sales.
When Jonathan and Debra finally divulge the number, the Sharks are even more perplexed.
Deborah reported that their yearly revenue was $63,000, net revenue was $70,000, and gross revenue was $76,000.
The numbers baffled the sharks.
Kevin describes them as “backwards.”
“Asking for $500,000 for 10% is absurd,” O’Leary commented. “I’m not sure I understand your stats. I’m simply being honest with you. You don’t have a million bucks. I’d have to hold a whopping 120 percent of the company.”
Corcoran believes they were on the show too soon in their business: “If you came here with orders or some proof. You have words of appreciation and good intentions, but no commands.”
They also claim to be nearing a “big agreement” with a large firm.
Despite his puzzling pitch, Mark provides a $500,000 line of credit in return for a 30% stake in the firm.
Then he invites Rohan to come along with him. Jonathan and Debra are offered $1 million for the entire firm as well as a 10% royalty on sales by the two Sharks.
The Torreses, on the other hand, were adamant about retaining their business. They turned down the offer, perplexing O’Leary.
“The fact that you’re even providing a million dollars tells me you understand how much we’re worth,” Deborah said.
What Happened to Atlas Monroe Chicken After the Shark Tank?
In April 2021, the company said that it had built a “multimillion-dollar” production facility and had grossed more than $2 million in sales since appearing on the show.
They are already planning a second facility and expect to make $24 million in sales in the next year.
“Atlas Monroe’s vegan fried chicken is expected to premiere at Bristol Farms, a California-based retail chain, this month,” Deborah informed Green Matters in August 2021.
Atlas Monroe will also join a huge American grocery chain with outlets around the country in time for Easter 2022 — but Torres can’t reveal the location just yet.” In 2021, sales are predicted to be $2 million.
What is the Net Worth Atlas Monroe Chicken?
Atlas Monroe’s net worth was estimated to be $7 million in 2021.
Who are the Competitors of Atlas Monroe Chicken?
Atlas Monroe Chicken does not have a competition.
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Atlas Monroe Chicken FAQS
Who founded Atlas Monroe Chicken?
Atlas Monroe Chicken was founded by Deborah Torres.
Where is the Company Headquartered?
The company is headquartered in San Diego, California, United States.
What is the Email of Atlas Monroe Chicken?
The corporate email of Atlas Monroe Chicken is [email protected]
What is the website of Atlas Monroe Chicken?
The website of Atlas Monroe Chicken is www.atlasmonroe.com
How much was Deborah Torres seeking in the Tank?
Deborah Torres sought $500,000 for 10% of the company in return for a $5 million valuation.
Who is the CEO of Atlas Monroe Chicken?
Deborah Torres is the CEO of Atlas Monroe Chicken.
How much did Deborah Torres received from the Sharks?
None of the Sharks invested in Atlas Monroe Chicken.
What happened to Atlas Monroe Chicken after the Shark Tank?
In April 2021, the company said that it had built a “multimillion-dollar” production facility and had grossed more than $2 million in sales since appearing on the show.
They are already planning a second facility and expect to make $24 million in sales in the next year (2022.)
Is Atlas Monroe Chicken still in business?
Yes, Atlas Monroe Chicken is still in business and as of 2021, sales are predicted to be $2 million.
Are there any gluten-free options?
Cured bacon and signature sauces are the only products on their website that do not contain wheat.
Where can they find their return policy?
Due to safety and food protocols and regulations, they do not accept returns and will not issue a refund if their product was delivered within 5 days of it shipping.
Please email them at [email protected] if their product was damaged during shipment and they will do their best to resolve their issue or resend the damaged products.
