What happened to Pasta By Hudson after Shark Tank Pitch?
What is Hudson’s Pasta?
Pasta By Hudson is a quick-service Italian restaurant in Manhattan, New York City (Columbus Circle).
The restaurant’s menu has pizza, salad, garlic knots, draft beer, and desserts, in addition to a newly introduced Italian slushie bar and a pasta bar with a choice of pastas, sauces, and toppings.
Fresh herbs, unique combinations, and handcrafted pasta and pizza dough are featured in Pasta by Hudson’s dinners.
Who is Pasta By Hudson’s Founder?
The eatery was founded by Brandon Fay in New York City. Brandon completed his education at Nassau Community College, the State University of New York in Albany, and the Fashion Institute of Technology.
After pursuing a variety of career options, he focused on hospitality and restaurant management, where he spent more than two decades as a Partner and subsequently as Managing Director of The Fireman Hospitality Group.
Fay is no stranger to television; he now hosts his own Sunday cooking show on New York City’s local CBS affiliate.
He is also no stranger to the culinary sector, having spent over 18 years as managing director of New York City’s most renowned Italian restaurant, The Trattoria Dell’Arte.
Fay travels to Italy frequently to remain current on the latest trends in Italian cuisine, but he recognizes that pasta is a staple that EVERYONE appreciates.
Pasta by Hudson was inspired by Fay’s three-year-old daughter, who has “a personality as huge as New York City.”
Everything is prepared daily, and consumers may even purchase uncooked fresh pasta by the pound.
What Happened to Pasta By Hudson During the Shark Tank Pitch?
Brandon appeared on Shark Tank Season 11 Episode 17 seeking $150,000 in exchange for a 10% interest in his business. This equates to a $1.5 million appraisal. He recounts his story and provides examples.
The Sharks enthuse about his dishes, especially his meatballs, which they swear are the greatest they’ve ever had.
Brandon informs the Sharks that his current site, although being just 390 square feet, has earned $590,000 in sales year to far.
He’s searching for a Shark to assist him in launching three additional locations in high-traffic areas of New York City.
Barbara Corcoran is the first Shark to extend an offer to Pasta by Hudson.
Rather than aiding in his restaurant’s development, Barbara wishes to branch out and sell his frozen meatballs.
She offers Brandon $150,000 in exchange for 50% ownership of the meatball company, allowing him to retain full control of his restaurant.
Lori Greiner, too, is taken aback and contacts Mark Cuban about cooperating on an offer.
They decide to make a combined offer to Pasta by Hudson of $150,000 in exchange for 30% ownership.
Mark would be the largest shareholder, contributing $100,000 for a 20% ownership, followed by Lori, who would contribute $50,000 for a 10% investment.
Brandon is overjoyed and quickly agrees to work with Mark and Lori.
What Became to Pasta By Hudson following Shark Tank Pitch?
The deal between Mark and Lori never materialized. Unfortunately for Brandon, this program aired during the Covid-19 pandemic.
He prepared lunches throughout, but business dropped. Additionally, the corporation provided meals to nurses and first responders during the outbreak.
Due of pandemic restrictions, Brandon shifted from the underground market to an above-ground location in Chelsea.
Brandon was able to maintain momentum, with sales of between $800,000 and $900,000 as of July 2021.
He reopened the Columbus Circle business once the riots calmed.
What is Pasta By Hudson’s Net Worth?
Brandon went on Shark Tank in quest of a $150,000 investment in exchange for a 10% ownership in his business. This equates to a $1.5 million appraisal.
They accepted a $150,000 offer from Mark and Lori for a 30% interest, bringing the worth to $500,000.
The company’s current valuation is clearly higher as a result of its growth.
Who are Pasta by Hudson’s Competitors?
There are no known rivals for Pasta By Hudson.
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Pasta By Hudson FAQS
1. Where is Pasta By Hudson Located?
Pasta By Hudson is based in Manhattan, New York City (Columbus Circle).
2. Who is the founder of Pasta By Hudson?
The founder of Pasta By Hudson is Brandon Fay.
3. Who are the investors for Pasta By Hudson?
Mark Cuban and Lori Greiner invested $150,000 in exchange for a combined 30% ownership of this business in Season 11 Episode 17 of Shark Tank.
4. How much did Mark and Lori invest in Pasta By Hudson?
Mark contributed $100,000 for a 20% ownership and Lori contributed $50,000 for a 10% investment.
5. What is Pasta By Hudson?
Pasta By Hudson is a quick-service Italian restaurant in Manhattan, New York City (Columbus Circle).
6. Where can they buy Pasta by Hudson?
They can buy it from their brick-and-mortar establishment or order online through their website at www.pastabyhudson.com
7. Who is the CEO of Pasta By Hudson?
Brandon Fay is the CEO of Pasta By Hudson.
8. What is Pasta by Hudson’s revenue?
Pasta by Hudson’s revenue is between $800,000 and $900,000 per year as of July 2021.
9. When was Pasta by Hudson featured on Shark Tank?
They appeared on the episode which aired on March 27th, 2020.
10. How did Pasta by Hudson after Shark Tank?
The restaurant is still functioning and has subsequently expanded to a second site in Chelsea.
The restaurant industry as a whole has suffered a considerable blow as a result of the epidemic, particularly those situated in New York City, which was the heart of the original outbreak.
11. Is Pasta By Hudson still in business?
Yes, they are still in business and had sales of $800,000-$900,000 as of July 2021.
12. Where is Pasta By Hudson now?
They are still operating in Columbus Circle, Manhattan and another one in Chelsea area
13. Did they closed the deal?
No. The deal fell through.
