What Happened to Lord Nut Levington after Shark Tank Pitch?
What is Lord Nut Levington?
Lord Nut Levington is a great brand of seasoned peanuts. Lord Nut Levington flavours include Rebel Mary, El Cheddarales, Mama Mia, Thai Dyed, Wingman, and Sweet Miss Keet.
Each flavour has a tale behind it; for example, the best-selling Rebel Mary — Bloody Mary-flavoured peanuts — relates the story of an unrequited love between a mysterious barmaid and Lord Nut Levington.
Each seasoned peanuts can costs roughly $5. They may buy them on Amazon, at Wegmans and Wal Mart, as well as at around 1,000 Central Market, Kroger, and Whole Foods Market outlets.
Who was Lord Nut Levington’s Founder?
Sanjiv Patel is the creator of Lord Nut Levington. Sanjiv Patel MBA’02, a native of England, was up in a business family and attended Babson after working as an accountant for a few years.
Following graduation, he was named director of finance (CFO) of Stacy’s Pita Chips, where he helped increase revenue from $2 million to $60 million in four years.
After selling the company to Frito Lay, Patel developed his own brand, Lord Nut Levington Gourmet Peanuts, which provides a selection of highly seasoned nuts in flavours such fiery chili lime, white cheddar & jalapeo, and dill pickle ranch.
What Happened to Lord Nut Levington on Shark Tank?
Sanjiv went on Shark Tank Season 5 Episode 23 in pursuit of $500,000 in return for a 30% stake in the Lord Nut Levington business. This works out to a $1.6 million valuation.
At this point, Kevin brings up Sanjiv’s million and a half dollar firm valuation.
Kevin inquires about sales and distribution, to which Sanjiv says that he founded the brand in April of 2011, and that in the month preceding the filming of this Shark Tank episode, they made over $700,000 in sales, which is equivalent to 300,000 cans of peanuts.
Last year’s sales were $300,000, which Robert points out is a flat figure; Sanjiv adds that when they initially established Lord Nut Levington’s Peanuts, they dealt with large merchants and small retailers, and their profit margins were significantly lower than they are now.
Sanjiv thinks that now that sales have stabilized, they will end the year with roughly $350,000 in sales but no money – no revenue.
Despite having made reorder sales to huge shops such as Wegmans, he does not anticipate to generate a profit in the next 12 months.
Sanjiv has made a $1.1 million investment in Lord Nut Levington.
Kevin O’Leary does not believe that a small business can prosper in the highly competitive food industry. “I can’t follow you down this path to hell,” O’Leary adds. “I’m going.”
Despite her disagreement with O’Leary on the product’s potential, Barbara Corcoran feels Sanjiv isn’t “excited” about it. She’s no longer there.
Lori said she couldn’t even eat the peanuts since they made her tummy sick. Lori can’t even taste the goods, therefore she won’t buy it because of the apparent defect – she can’t eat it. Lori is also no longer in the picture.
Robert is fascinated by disruptive technologies and the notion, but he has yet to hear a growth strategy. He’s no longer there.
Mark Cuban is concerned about sales velocity. “This is your chance to tell me,” he continues. What’s the deal with them being so popular?
Sanjiv claims that many love Lord Nut Levington, but Mark is unconvinced. He’s leaving because he doesn’t think sales are strong enough. Sanjiv leaves the Tank without reaching an agreement with the Sharks.
What Happened to Lord Nut Levington Following Shark Tank Pitch?
Sanjiv’s snacks are still available on his website, Amazon, and at a number of retail outlets around the United States.
The social media profiles are active and up to date.
Despite the Sharks’ worries, it looks that this Nutty enterprise is holding its ground and profitably.
Approximately 2000 shops, including Stop & Shop and Target, carried the nuts at one time. Sanjiv chose to shut the company in May of 2018 after more than ten years of existence.
As of August 2021, he is the CEO of Hail Merry, a plant-based snack food company.
What is Net Worth of Lord Nut Levington?
Sanjiv Patel went on Shark Tank looking for $500,000 in return for a 30% stake in the Lord Nut Levington Company. This works out to a $1.6 million valuation.
Who are Lord Nut Levington’s Competitors?
Lord Nut Levington does not have any competitors.
What Happened to SneakERASERS After Shark Tank?
What Happened to Eco Nuts After Shark Tank?
Lord Nut Levington FAQS
1. Were Lord Nut Levington Peanuts Gluten Free?
Yes, these nuts are gluten free.
2. Who founded Lord Nut Levington?
Lord Nut Levington was founded by Sanjiv Patel.
3. How much did Lord Nut Levington ask on Shark Tank?
Sanjiv asked for $500,000 in return for a 30% stake in the company, which works out to a $1.6 million valuation.
4. Did Lord Nut Levington secure a deal from the Tank?
No, Lord Nut Levington did not secure a deal from the Shark Tank.
5. Is Lord Nut Levington still in business?
As of August 2021, the company has shut down.
6. How much was Lord Nut Levington Peanuts?
Lord Nut Levington Peanuts cost around $5.
7. What is Lord Nut Levington’s phone number?
This business has been shut down.
8. What happened to Sanjiv Patel after Lord Nut Levington?
As of August 2021, he is the CEO of Hail Merry, a plant-based snack food company.
9. Who exactly is Sanjiv Patel?
Sanjiv Patel, a Babson College graduate, is an accountant by trade who got his start in the consumer foods industry by assisting Stacy’s Pita Chips in growing from $2 million to $60 million in annual sales.
10. Where was Lord Nut Levington located?
Lord Nut Levington is located in Dallas, Texas.
11. When was Lord Nut Levington shut down?
Lord Nut Levington shut down in May of 2018.
12. How do they contact Lord Nut Levington?
They can no longer contact them; Lord Nut Levington has closed.
