What Happened to Salted After Shark Tank Pitch?
What is Salted?
Salted is a start-up that allows restaurants to discontinue their dine-in service and just provide their meals for delivery or pickup.
The company acts as a kind of umbrella for various restaurant names. They are distinguished by the fact that they are solely meant for delivery or pick-up.
They feel they can offer a better value and better food while preserving bigger profit margins.
Cauliflower Pizza, moonbowls (Korean Cuisine), Ginger Bowl (feel good Chinese inspired food), The $5 Salad Company, F/ck Gluten, and Thrive Kitchen are their current restaurants or companies (low carb keto style food).
Meal is brought to their markets by any food delivery service (GrubHub, DoorDash, etc.).
The company’s brands are now accessible in Los Angeles, San Francisco, Chicago, and Columbus, with ambitions to extend to more cities in the future.
Salted’s kits are available in around 2000 Whole Foods Markets, Gelsons, and other stores.
Who is the founder of Salted?
Jeff Appelbaum developed and leads The Salted Restaurant Group.
Jeff has vast knowledge and expertise in social media and brand design. He is a serial entrepreneur with experience in e-commerce and client acquisition.
He created and operated DealQuad, the best group commerce platform for college students.
He was also a co-founder and manager of Buzzpoint. It is a social media and integrated marketing agency that develops strategies for Fortune 500 companies.
Salted is building the future restaurant group.
Darden Restaurants is the parent company of Olive Garden, Longhorn Steakhouse, and Bahama Breeze Island Grille.
Bloomin’ Brands is the parent company of Outback Steakhouse, Bonefish Grill, and Carraba’s Italian Grill.
Salted isn’t like those individuals. At Salted, there are brands that are only available for delivery. There are no dining rooms or tables where you may eat. You can’t even eat while standing.
All Salted brands are cooked in ghost kitchens and delivered by businesses such as DoorDash, GrubHub, and Uber Eats.
What Happened to Salted’s Shark Tank Pitch?
Jeff appears on Shark Tank season 11 episode 23 in pursuit of $500,000 for a 5% share in his company. This implies a $10 million valuation.
He outlines the company idea and delivers samples. The Sharks enjoy the food but are anxious about it.
The company’s sales are excellent – $1 million in sales – but it is not profitable.
Other investors who have not gotten a return are also concerned.
He’s also having trouble “rising to the top” of numerous delivery applications. Finally, Jeff rejects the Sharks and departs without reaching a deal.
What Happened to Salted After Shark Tank Pitch?
Despite failing to secure an agreement with the Sharks, the company remains open for business and actively hiring. They most likely performed well during the Covid – 19 shutdown.
Famine Development Corp, Craft Ventures, Valour Equity Partners, Proof Ventures, and Wonder Ventures each committed $4 million in venture capital funding to the start-up in May 2021, bringing its total venture capital funding to $9 million.
They had 17 storefronts at the time. They plan to be in around 80 locations by the end of 2022, with growth focused on areas where there aren’t many/any healthy fast food options.
What is the Net Worth of Salted?
Jeff appears on Shark Tank season 11 episode 23 in pursuit of $500,000 for a 5% ownership in his company. This implies a $10 million valuation.
The current valuation is unavailable.
Who are Salted’s Competitors?
There are no competitors for Salted.
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Salted FAQS
1. How much did Salted raise after the Shark Tank?
The company has raised $9 million of venture capital funding. Among its investors, Famine Development Corp, Craft Ventures, Valour Equity Partners, Proof Ventures, and Wonder Ventures each committed $4 million in May 2021.
2. What is Salted?
Salted is a start-up that allows restaurants to discontinue their dine-in service and just provide their meals for delivery or pickup.
Salted acts as a kind of umbrella for various restaurant names. They are distinguished by the fact that they are solely meant for delivery or pick-up.
3. Who is the founder of Salted?
Jeff Appelbaum runs Salted’s operations and development. He operates under the name The Salted Restaurant Group. Jeff has vast knowledge and expertise in social media and brand design.
4. Who are Salted’s competitors?
There are no competitors for Salted.
5. What Happened to Salted’s Shark Tank Pitch?
Jeff appears on Shark Tank season 11 episode 23 in pursuit of $500,000 for a 5% share in his company. This implies a $10 million valuation.
6. Did the Sharks invest in Salted?
Jeff failed to secure an agreement with the Sharks.
7. Is Salted still in business?
The company remains open for business and actively hiring.
8. How many locations does Salted have?
The company has 17 storefronts as of May 2021. They plan to be in around 80 locations by the end of 2022.
9. Why Salted restaurant different from other restaurants?
Salted restaurant different from other restaurants because it is a delivery only. It does not have a dining area and it does not have a table. They only have ghost Kitchen.
10. Where is Salted headquartered?
Salted Headquarters is in Los Angeles, CA.
11. What is website address of Salted?
Their website is www.hellosalted.com
12. What are the brands of Salted?
They have the following brands: F/ck Gluten (low carb keto food), moonbowls (Korean Cuisine), gingerbowls (feel good Chinese inspired food), The $5 Salad Company, and Cauliflower Pizza.
13. What is the net worth of Salted?
As of now, the net worth is unknown.
14. Where can we get more information about Salted?
Their website is www.hellosalted.com
15. Where can they contact the company?
They can contact the company at this email address: [email protected]. They can follow them on Twitter, Facebook and Instagram.
16. When was Salted aired on Shark Tank?
Salted was aired on May 13, 2020, on Shark Tank.
