What Happened to Beyond Sushi After the Shark Tank Pitch?
What is Beyond Sushi?
Beyond Sushi is a restaurant chain that serves plant-based sushi. Vegans enjoy the restaurant’s vegetarian options.
By blending fresh grains, fruits, and vegetables, Beyond Sushi makes sushi that is both tasty and appealing.
Who Founded Beyond Sushi?
Beyond Sushi was founded by Guy Vaknin.
Guy Vaknin, an Israeli, learned to cook from his grandmother.
He served in the military before coming to America to pursue a degree in computer engineering. He continued his schooling at The Institute of Culinary Creations.
Tali, his wife and business partner, earned a business degree from the Laboratory Institute of Merchandising.
Vaknin took up the family’s cooking when his parents divorced.
He worked in the restaurant sector for a while before forming a partnership with his father to launch a catering business.
He and Tali opened their first restaurant in 2012, using food influenced by her vegetarian upbringing, and now have six locations in New York.
Depending on the region, the restaurant offers seasonal vegan sushi, wraps, dumplings, noodle bowls, and other options for take-out or dining in.
What Happened to Beyond Sushi at the Shark Tank Pitch?
Guy Vaknin, the owner of the vegan restaurant chain Beyond Sushi, made headlines on Shark Tank when he asked for $1.5 million for 25% of his West Coast operations and 5% of his East Coast operations.
He introduces himself and talks about his cuisine. He gives the Sharks three of his most popular rolls.
Lori thinks it’s wonderful. All of the sharks appreciate the meal.
A whole roll of 8 pieces has 280 calories, costs $7.50, and is manufactured for $1.50. He now has six sites around Manhattan.
Every year, his massive facility earns $2.5 million in income.
He runs a single commissary kitchen that feeds all six of his sites.
In 2015, he formed a partnership with the owner of Ruby Tuesdays, and that gentleman now owns 25% of the east coast firm. Matt is familiar with him.
Last year, he generated $4 million in sales but lost $272,000 as a result of the launch of two big stores and the construction of his commissary kitchen.
He earned $2.4 million in 2016 and $600,000. This year (2017), he expects to make $5.6 million
Guy and Matt get into an argument about restaurants, using industry jargon.
Daymond believes he does not understand the terms and hence is unable to participate.
Kevin believes the price is exorbitant, so he declines.
Mark states that his inner instinct is telling him to go.
Matt and Lori decide to team up, but they want to concentrate on the east coast to offset the risks of the still-unproven west coast enterprise.
They are prepared to pay $1.5 million for 30% of the west coast business and 15% of the east coast business. He agrees.
What Happened to Beyond Sushi After the Shark Tank Pitch?
The deal between Matt and Lori was never finished. “They conducted their due diligence and negotiating, and at the end of it all, they recognized it was heading in a road they didn’t particularly want it to continue in, so they chose not to move further and let them go,” Guy adds.
On the west coast, he never built a restaurant.
He, like many other New York restaurateurs, encountered difficulties during the 2020 Covid-19 epidemic.
He attempted and was successful in negotiating rent with his landlords.
Despite this, he is only left with four possibilities.
He reopened in June 2021 with the goal of returning to pre-pandemic levels.
What is the Net Worth of beyond Sushi?
Beyond Sushi’s net worth is more than $10 million as of 2021.
Who are the Competitors of Beyond Sushi?
Beyond Sushi does not have any competitors?
Beyond Sushi FAQS
After Shark Tank, what happened to Beyond Sushi?
Following Shark Tank, Beyond Sushi introduced a new catering subsidiary City Roots in early 2020, but plans to grow Beyond Sushi in Los Angeles, California, have been shelved.
Who put their money into Beyond Sushi Shark Tank?
In Season 10 Episode 3, entrepreneur Guy Vaknin demanded $1.5 million for 25% of the west coast and 5% of the east coast.
Lori Greiner and Matt Higgins offered him $1.5 million in return for 30% of the west and 15% of the east coasts.
When was the last time Beyond Sushi appeared on Shark Tank?
In 2018, Chef Guy struck a deal with investors Lori Greiner and Matt Higgins on ABC’s Shark Tank Season 10.
Is Beyond Sushi still open for business?
Guy was reared in Israel by his mother and grandmother, who instilled a love of cooking in him. Beyond Sushi, a successful vegan restaurant franchise in New York City, is currently owned and operated by him.
What is Beyond Sushi comprised of?
Their Rainbow Roll is made up of “tuna,” “zalmon,” “gobo,” pickled red cabbage, and vegetables seasoned with dill, hijiki, lemon zest, and smoked pepper sauce. It’s not only beautiful to look at, but also excellent to eat.
Is Beyond Sushi completely vegan?
Beyond Sushi is New York City’s most popular vegan restaurant chain, reimagining plant-based cuisine one plate at a time.
They’re a kosher and vegan haven known for their inventive sushi, globally inspired dishes, and delectable desserts and beverages.
What is the nutritional value of sushi?
Sushi is a very healthful cuisine.
Because of the fish used in its production, it is an excellent source of heart-healthy omega-3 fatty acids. Sushi contains little calories and no fat.
The most prevalent type of sushi is nigiri, which consists of sticky rice fingers topped with a tiny filet of fish or shellfish.
Where is Beyond Sushi found?
Beyond Sushi may be found in the Hudson Theater, 200 W. Houston Street, New York.
Beyond Sushi has a Facebook profile as well as a Twitter account. They may find them on Facebook here and on Twitter here: @BeyondSushiNYC.
Who founded Beyond Sushi?
Beyond Sushi was founded in 2012 by Chef Guy Vaknin.
What is the net worth of Guy Vaknin?
Guy Vaknin’s net worth is currently unknown.
How do they make money?
Beyond Sushi earns money by offering the general public sushi, Korean tacos, and other vegan foods.
What are Beyond Sushi’s products?
Beyond Sushi’s web menu has oyster mushroom rolls, kimchi fried rice bowls, salads, and bowls with brown rice or Japanese soba noodles.
What is the price of a roll at Beyond Sushi?
Beyond Sushi’s speciality sushi costs $7.50 for 8 pieces.
How much does Beyond Sushi’s franchise cost?
The lowest investment necessary for a franchisee is $18,975, with a maximum investment of $206,200.