What Happened to Joe’s Gourmet Fish Fry After the Shark Tank Pitch?
What is Joe’s Gourmet Fish Fry?
Joe’s Gourmet Fish Fry is a seasoned seafood breading mix that may be used on shrimp, fish, pork, vegetables, and other meals.
According to their website, the “seafood coating absorbs less oil.”
We use high-quality foods that absorb less oil, allowing people to completely enjoy the flavour of their fish or vegetables.”
Who is the Founder of Joe’s Gourmet Fish Fry?
Joe and Maranda Dowell have been serving great meals seasoned with pleasant hospitality to their friends, family, and the general public for many years.
Initially, the Dowells travelled extensively, serving fish baked in a special batter Joe invented at fairs, conferences, and athletic events. They ultimately decided to create a restaurant.
In 1998, they launched four restaurants, two in Atlanta and two in New Orleans, with financial assistance from Joe’s parents.
In 2005, Hurricane Katrina devastated New Orleans, forcing the closure of two restaurants.
Joe and Maranda, never ones to back down from a challenge, decided to refocus their efforts on bottling and distributing the secret seasoning mix that had garnered them so many fans over the years.
Joe’s Gourmet, LLC was founded in 2007, and the Dowells began their journey by attending various promotional events for Joe’s Gourmet Fish Fry—that delectable combination of cornmeal and wheat flour flavoured with herbs, spices, and flavourings.
Despite the fact that the husband and wife team now work together at the company, this was not always the case.
Joe has been in the restaurant and catering business since the 1990s, while Maranda is a former retail real estate specialist and commodities professional.
She joined the family business in 2015.
Joe and Maranda enjoy fried fish and large parties in the south-east. Customers were so satisfied with their dishes that they began asking for Joe’s special breading mix.
That’s when he knew he needed to do something other than cater. To use, simply dip and fry. There is no wheat, egg, or anything else in this recipe.
The mixture absorbs less oil and gives the fish a crunchier, less greasy flavour.
Joe’s Gourmet Fish Fry is offered from Illinois to the southeastern United States in a variety of Wal Mart, Goodsons, and other retailers.
He also sells on Amazon and on the internet. A one-pound bag is $5, while a six-pack is $25.
He also sells in large quantities to restaurants. Joe and Maranda are socially responsible since they prepare a huge lunch once a month for Safe House Outreach, a downtown Atlanta homeless advocacy group.
What Happened to Joe’s Gourmet Fish Fry at the Shark Tank?
Joe and Maranda appeared on Shark Tank season 9 episode 16 in quest of $150,000 in exchange for a 15% share in their business. This equates to a $1 million valuation.
They present their case before serving samples of shrimp, halibut, zucchini, chicken, and scallops prepared with their mixture. It has an attraction to the Sharks.
Each bag costs $1.75 to produce, according to the couple. They offer it for $2.25-$2.50 wholesale and $5 retail. The overall lifetime sales amount to $409,000, with $270,000 projected this year (2017).
The Wal Mart transaction happened barely 7 weeks before filming started.
Kevin O’Leary resigns because to concerns over the valuation.
Lori Greiner likes the breading mix, but she doesn’t think it’s a suitable business to invest in. She walks away.
Mark Cuban is inspired by their “relentless” attitude, according to him.
Robert Herjavec likes the product but believes it would be unfair to make an offer because Dowell’s father has a stake in the firm.
Daymond John falls in love with the two and finally pays $150,000 for a 25% interest. They react with 18%, but quickly retract the counteroffer. They agree with his initial plan.
What Happened to Joe’s Gourmet Fish Fry After the Shark Tank Pitch?
They’ve added a zip loc to their package since its first release. In 2019, the company announced that it would offer a cooked fried catfish product in its around 1200 outlets.
Inland Seafood, a Georgia-based firm with a substantial distribution network in the United States Southeast, provides the fish.
They opened a restaurant inside a Wal Mart in Lithia Springs, Georgia. This is the first restaurant of a franchise opportunity to be announced in November 2020.
They are in business and doing well as of June 2021, with around $1 million in sales.
What is the Net Worth of Joe’s Gourmet Fish Fry?
Joe and Maranda appeared on Shark Tank season 9 episode 16 in quest of $150,000 in exchange for a 15% share in their business. This equates to a $1 million valuation.
They accepted Daymond’s offer of $150,000 for a 25% ownership, bringing the valuation to $600,000.
Who are the Competitors of Joe’s Gourmet Fish Fry?
Joe’s Gourmet Fish Fry Joes Gourmet’s primary competitors are Margartiaville Foods and Garden Fresh Gourmet.
Joe’s Gourmet Fish Fry FAQS
Where can they buy it?
Joe’s Gourmet Fish Fry is offered from Illinois to the southeastern United States in a variety of Wal Mart, Goodsons, and other retailers.
How much does it cost?
Each bag costs $1.75 to produce, according to the couple. They offer it for $2.25-$2.50 wholesale and $5 retail.
Who do they competes with?
Joe’s Gourmet Fish Fry Joes Gourmet’s primary competitors are Margartiaville Foods and Garden Fresh Gourmet.
Where are Joe’s Gourmet Fish Fry located?
Joe’s Gourmet Fish Fry is founded in Atlanta, Georgia, It has several distribution centers in the Georgia area and it ships its fish to over 1200 retail locations across the southeast.
What is Joe’s Gourmet Fish Fry’s website?
Their website is at www.joesgourmet.com
Who is the founder of Joe’s Gourmet Fish Fry?
Joe Dowell and Maranda Dowell are the founders of Joe’s Gourmet Fish Fry.
What is the price of a bag of Joe’s Gourmet Fish Fry?
It costs $1.75 to produce each bag and they cost $2 retail.
How much Joe Dowell and Maranda Dowell seeking in the Tank?
They were on the show seeking $150,000 in exchange for a 15% share in their business. This equates to a $1 million valuation.
Did Joe’s Gourmet Fish Fry get a deal from the Shark Tank?
Joe’s Gourmet Fish Fry Joes Gourmet’s first deal on the show was a one-episode deal for $150,000 for 25% of the company.
How many years has Joe’s Gourmet Fish Fry been in business?
Daymond John offered $150,000 for a 25% ownership in the Company, bringing the valuation to $600,000.
What happened to Joe’s Gourmet Fish Fry after the Shark tank?
They opened a restaurant inside a Wal Mart in Lithia Springs, Georgia. This is the first restaurant of a franchise opportunity to be announced in November 2020.
Is Joe’s Gourmet Fish Fry still in business?
As of June 2021, with around $1 million in sales, Joe’s Gourmet Fish Fry is still in business and doing well.
