What happened to How Do You Roll after Shark Tank Pitch?

What is How Do You Roll?

How Do You Roll was an Austin, Texas-based fast-casual sushi restaurant. How Do You Roll opened its first location in October 2008, and it began franchising in early 2010.

How Do You Roll specializes in handcrafted maki rolls. They provide a wide range of meats, fish, vegetables, and fruits, as well as fillings.

White and brown rice are also available, as are eight house-made sauces and six garnishes.

In addition to rolls, HDYR provides seaweed salad, cucumber salad, squid salad, edamame, and miso soup. While some franchisees serve tempura or regional specialities, this is not the norm.

Their stated objective is to deliver high-quality, convenient, and affordable food. HDYR does this by utilizing specialist maki technology to blend the rice, crush the rice, and cut the rolls.

According to the firm, client feedback resulted in the addition of brown rice and sake.

As of April 2016, How Do You Roll had fifteen locations in Texas, Arizona, California, North Carolina, and Florida.

Who is the founder of How Do You Roll?

Yuen Yung and his brother Peter Yung grew up in Chinatown in Manhattan. Yuen graduated from the University of Texas at Austin with a finance degree and worked as a partner at the financial services firm Kenty, Yung, Ozias & Associates.

Peter started working in the culinary sector at the age of eight, after school, in his parents’ restaurant.

He rose to prominence as a Japanese culinary expert. Peter served as the Head Sushi Chef at Houston’s Azuma Restaurant before starting How Do You Roll.

The first How Do You Roll location was originally called Maki, but in September 2009, it was renamed How Do You Roll.

Yuen and Peter Yung continue to run Maki L.L.C., which provides franchisees with training, equipment, and supplies.

How Do You Roll was purchased by a private restaurant firm in June 2015.

What Happened to How Did You Roll at the Shark Tank Pitch?

Yeun and Peter Yung, brothers, come on Shark Tank season 4 episode 16 with the hopes of obtaining a $1 million investment in exchange for a 12% ownership in their company. This equates to $8.3 million in valuation.

The brothers claim that their sushi restaurant allows customers to tailor their sushi, which is served fresh.

In addition, they provide “featured rolls.” In Austin, Texas, the partnership began with a single restaurant. Currently, 15 stores have opened, and 40 franchises have been sold.

Kevin O’Leary is eager to learn more about cash flow. According to Yeun, the company makes $250,000 per year in royalties from franchisees alone.

The corporate store brings in roughly $1 million every year. Each franchise costs between $250 and $300,000, with a 7% annual fee charged to franchisees.

Mark Cuban has no desire to be “in the sushi business.” He’s already gone. Kevin O’Leary thinks the business is “extremely well run,” and he’s fascinated, but he thinks the asking price is too high.

Yeun claims that they have received a $6.6 million bid to purchase 75% of the company.

According to Daymond John, the “margin on sushi sales will be too low.” He’s already gone.

Robert Herjavec is leaving because he “doesn’t understand this particular food model” and does not believe he can help the company.

The presentation, according to Barbara Corcoran, is “a touch too prim.” She’s gotten away.

Kevin O’Leary sends a warm welcome. He is willing to donate $1 million in exchange for a 22% ownership in the company, with a percentage of franchise royalties going to the partners — the brothers and himself.

Yeun inquires whether he will cut the proportion to 15%. O’Leary is willing to meet them halfway, at a 20 percent return on his $1 million investment.

Following another brief discussion between the brothers, Yuen informed Kevin, ‘We will take the offer.’

What happened to How Do You Roll Following Shark Tank Pitch?

However, after months of negotiations, the acquisition disintegrated like a badly-rolled sushi.

The brothers and O’Leary were unable to reach an agreement on a number of issues, and O’Leary withdrew his offer.

In 2015, the lads sold their firm to a private restaurant corporation.

As of August 2021, they appear to have discontinued operations.

What is How Do You Roll’s Net Worth?

Yeun and Peter Yung, brothers, went on Shark Tank with the hopes of receiving a $1 million investment in exchange for a 12% ownership in their company.

This equates to $8.3 million in valuation.

They accepted Kevin’s offer of $1 million for a 20% ownership, bringing the valuation to $5 million.

Because they are no longer in business, there is no current valuation.

Who were How Do You Roll’s Competitors?

There were many other sushi businesses competing with How Do You Roll, such as Maki Fresh and Wasabi Sushi.

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 How Do You Roll FAQS

1. Who were How Do You Roll’s investors?

Kevin O’Leary was the only investor to offer an investment deal he withdrew his offer because of disagreement.

2. How Do You Roll’s website?

This business is no longer operational.

3. What happened to How Do You Roll at the Shark Tank Pitch?

The brothers accepted Kevin’s offer of $1 million for a 20% ownership, bringing the valuation to $5 million.

4. What is How Do You Roll’s net worth?

There is no value because this business is no longer operational.

5. What Happened to How Did You Roll after the Shark Tank Pitch?

However, after months of negotiations, the acquisition disintegrated like a badly-rolled sushi.

The brothers and O’Leary were unable to reach an agreement on a number of issues, and O’Leary withdrew his offer.

6. Who purchased How Do You Roll?

They sold the company to a private restaurant corporation.

7. Where was How Do You Roll based?

How Do You Roll was based in Texas.

8. When was How Do You Roll founded?

The company was founded in February 2008.

9. Who were the founders of How Do You Roll?

Yuen Yung and his brother Peter Yung were the founders of the company.

10. How much were they seeking in the Tank?

They were seeking $1 million investment in exchange for 12% ownership.

11. When was How Do You Roll aired on Shark Tank?

How Do You Roll was aired on February 15th, 2013.

12. What exactly was How Do You Roll?

How Do You Roll was a sushi restaurant that allows their customers to custom make their sushi rolls.

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