What Happened to Nuts n More After Shark Tank?
What is Nuts n More?
Nuts n More peanut butter is a high-protein, low-sugar, low-fat alternative to regular peanut butters found on supermarket shelves.
Nuts n More has eleven grams of protein, fat, and sugar. It also has up to forty less calories than typical brands.
Peter Ferreira, the company’s founder and CEO, has a background in fitness and running. He grew up in Providence, Rhode Island, where his family owned and operated a bakery.
He eventually picked healthier food options over the chocolates and candies he grew up eating as a result of his running and fitness program.
His product was not only delicious, as confirmed by his friends and family, but it also left them full and satisfied, despite the lack of sugar and fat.
Who is the creator of Nuts n More?
Peter Ferreira is a fitness and nutrition expert who created the fortified nut butter firm in 2011 to provide protein-rich, natural peanut butter to him and his fitness clients.
The Nuts n More nut butter spreads are creamier than other all natural nut butters due to a unique formulation and a technique that assures the finest grind and smoothest texture.
He grew up in Providence, Rhode Island, where his family owned and operated a bakery. He founded Nuts n More with the goal of incorporating the delicious snacks he remembered eating as a youngster into a product that would not interfere with his healthy diet.
After being inspired by his family’s bakery, Peter began experimenting with meals including protein-rich peanut butter.
Basic and chocolate peanut butter, as well as almond butter, are available at Nuts n More. There are seasonal varieties available, such as pumpkin spice peanut butter.
The goods are available in over 40 stores across the United States and Canada. The Northeast is a critical distribution zone.
What Happened to Nuts n More’s pitch on Shark Tank?
Neil Cameron, Dennis Lannotti, and Peter Ferreira, entrepreneurs, chose to pitch their concept to Sharks in episode 18 of Season 4 of Nuts n More on Shark Tank to help them with distribution.
Neil, Dennis, and Peter entered the Shark Tank in seeking of $250,000 in exchange for a 20% ownership in their firm, which was valued at $1.25 million.
As of the date of the recording, they had $100,000 in sales for the year and a buy order from a major distributor that requires funding to complete.
They also seek to save production expenses by generating larger quantities. Daymond feels their value is too speculative, thus he went out.
Barbara likes the product, but the price is too much for her; she’s out. Kevin offers $250,000 for 64% of the company; he eventually exits.
Robert offers $250,000 in return for 50% ownership of the company.
Mark offers $250,000 for a 35% stake in the company, with $75,000 paid up front and $175,000 left aside to cover future purchase orders.
Mark invites Robert to join him, and Neil, Dennis, and Peter walk into the hall to discuss it.
While there, Mark advises Robert that a 50% share would cause too many problems with Neil, Dennis, and Peter.
When the three business owners return to Shark Tank, they offer a 30% ownership in their company.
Mark keeps his 35% ownership in the firm, and Robert agrees to join him. Robert and Mark strike a deal with Nuts n More! And the three reach a deal to end the pitch.
What Happened to Nuts n More After Shark Tank?
The deal with Mark and Robert was concluded after participating on the Shark Tank TV show and departing with the deal of two Sharks. In episode 15, Nuts n More appears in a season 5 update segment.
In the fifth season update, the boys show off their new production facilities and announce record sales! Nuts n More must be going well because there is a second update in Season 6 Episode 15.
According to the study, they have seen a “tremendous amount of growth.” The three men meet with Mark at GNC headquarters and announce that they will be in 4000 stores.
They’ve grown their sales from $100,000 to over $6 million in two years. They believe that with the GNC deal, they may make a total of $20 million!
They were also available in Vitamin Shoppes and Whole Foods in 2018. They also exceeded their $30 million lifetime sales goal in 2018. They are still doing strong, with a yearly income of $6 million as of December 2021.
Nuts n More’s Competitors
TREEHOUSE FOODSINC and J. M. SMUCKER are Nuts n More’s primary competitors.
Nuts n More’s Net Worth
During the pitch, the firm was valued at $1.25 million; following Mark and Robert’s investment, the company was valued at $714,423. Since then, the company has a net worth of $10 million.
Nuts n More FAQs
What are the ingredients uses in Nuts n More?
The company uses einkorn flour, legumes, and the finest ground peanuts for their premium nut butters.
Where is Nuts n More Located?
Nuts n More is in Escondido, California. The company is made up of two people: Peter Ferreira and Peter Frangiamore. Their headquarters are located at Escondido, California.
What is the benefit of Nuts n More?
Nuts n More offers tasty, protein-packed nut butters with a unique blend of ingredients like einkorn flour and legumes. They are available in over 40 stores across the United States and Canada.
How does Nuts n More work?
Nuts n More nut butters are genetically engineered and have no artificial ingredients, no added sugars and no preservatives. The Nuts n More peanut butter blends in a unique way and uses non-GMO ingredients.
Is Nuts n More tested? Has it been FDA approved?
Nuts n More nut butters are a 100% natural product that has gone through numerous quality assurance tests to ensure the highest quality. The company is also one of the few to have their products verified by the Good Manufacturing Practices.
Is Nuts n More gluten-free?
Most of the Nuts n More nut butter products are gluten-free. There is one exception, however: the almond butter chocolate chip flavor has gluten due to the chocolate chips.
What does Nuts n More offer?
Nuts n More offers peanut butter, almond butters and pumpkin spice flavors among others.
Is Nuts n More kosher-free?
Nuts n More nut butters are kosher-free.
What is the Nuts n More logo?
The Nuts n More logo is a peanut butter cup. The company’s logo has been in use since 2015.
Does Nuts n More use GMO or Genetically Modified Organisms in their products?
Nuts n More does not use GMOs in their products as they do not want to change the laws that prohibit GMOs.
Is Nuts n More good for health?
Nuts n More nut butters contain no preservatives and no added sugars, soy, or artificial additives. It is a healthy alternative to other nut butters.
Is Nuts n More vegans?
Most of the Nuts n More products are vegan, which means that there is no animal-based product in the products. However, due to the use of honey in their almond butter chocolate chip flavor, this product is not for vegans.
How was Nuts n More started?
Nuts n More was established in 2013 in Escondido, California by Peter Frangiamore and Peter Ferreira. The two men developed a peanut butter that is unlike other nuts based and saturated fat-free peanut butters.
The peanut butter has a blend of nutrients for an optimal nutritional profile, and has a delicious taste that makes people crave for more.
Is Nuts n More have calorie?
Each serving of Nuts n More peanut butter contains 115 calories.
Is Nuts n More profitable?
According to the study, as of December 2021, the company has been operating for two years and is profitable.