What Happened to Table 87 Pizza After Shark Tank?
What is Table 87 Pizza?
Table 87 is the only coal oven pizza restaurant in New York that serves coal oven pizza by the slice. There are around a dozen more places in town that serve coal fire pizza, but not by the slice.
There are two advantages to cooking with coal. The first reason is sentimental; the earliest pizza shops in New York City in the early 1900s all used coal as the primary fuel at the time.
The second reason is because coal burns hotter than wood, producing a crisper crust than wood-burning ovens.
A quick look at the Table 87 Coal Oven Pizza reviews indicates that the locals love it. Toppings include Prosciutto, Baby Arugula, Mozzarella San Marzano Tomatoes, House Made Sausage, Roasted Red Peppers, Fontana Cheese, and Wild Mushrooms.
Who is the founder of Table 87 Pizza?
Thomas Cucco, the founder, is of Italian American descent, and coal fire pizza has long held a place in cultural history. Its headquarters are in Brooklyn, New York, and Table 87 serves it up like no other.
Table 87 has been family owned and operated since 2012, bringing the true traditional Italian dining experience to life in our three physical locations.
Our moniker, “The Home of the Coal Oven Slice,” is taken quite literally. Whereas other pizzerias would fire and serve an entire pie at the same time, Thomas Cucco changed everything. They are the only place in town that sells freshly cooked authentic coal oven pizza by the slice.
Because of technical breakthroughs, Cucco was able to burn coal. Old coal ovens were unclean and produced a lot of soot. New gas-assisted coal ovens and cleaner-burning coal burn significantly cleaner than their early-twentieth-century counterparts. As a result, coal-fired ovens and delicious pizza are produced.
It’s now easier than ever to get to know our pizza. Table 87 frozen pizzas are delivered straight from the freezer to the plate, guaranteeing that you may still enjoy an authentic Brooklyn coal-fired pizza pie at your local supermarket, online, or at home.
What Happened to Table 87 Pizza at Shark Tank pitch?
Tom Cucco proposes that the Sharks consume a piece of his pizza business, Table 87 Coal Oven Pizza, in Shark Tank episode 706. Cucco was looking for a Shark to help with the expansion or finance of Table 87 Coal Oven Pizza outlets.
The presentation starts with a video clip shot at Tom’s Brooklyn location. He tells how he got started and says he needs money to buy more equipment to streamline his business.
When he first appeared on Shark Tank, he asked for $200,000 in return for a 10% stake in his company, which was worth $2 million.
He announces the release of his previously unseen frozen coal oven pizza. He uses fresh ingredients that are swiftly cooked in his coal ovens (2 minutes) and flash frozen before being cut into slices and pies. After a few “FUGGETABOUTITS,” he offers pizza samples to the Sharks, who devour them.
Mr. Wonderful argues that because pizza is a commodity, it is a tough business to flourish in, but Tom believes that his pizza is the best.
He’s already generated $260,000 in frozen pizza sales and is looking for an extra $200,000 to invest in a commercial kitchen. He sells the pizzas to the grocer for $6.50 apiece, but the restaurant sells them for between $11 and $12.
He makes it quite clear that the Sharks are exclusively interested in the frozen pizza industry. Tom claims that the larger companies, such as DOMINOS, are incompetent, and that Amazon Fresh was interested in his product.
Mark was interested in how you heard it. Because it was precooked, Tom says you may eat it cold. Mark saw the opportunity as one that is available on demand and online.
Robert has chosen to quit the company because it is too competitive. Mr. Wonderful feels that the company was overpriced, but he wants to wait and see what the other Sharks decide.
Barbara feels he was investigating too many paths; she claims that if they reach a deal, she just wants to sell single slices and will make an offer, but she wants a greater portion of the business. After a brief delay, she offers $200,000 for a 30% ownership in the company.
Mr. Wonderful shouts, “OUCH!” She devoured a whole slice of your pie!” Separating the restaurant and frozen pizza companies, he feels, was impossible. He proposes a royalty deal in which he would pay Tom $200,000 plus a 25-cent-per-slice charge until he recovers $600,000 Tom says he’ll think about it.
Lori absolutely enjoys the pizza and makes Tom a “awful offer.” She was offered $250,000 for a 20% equity shares in the business with no strings attached. Tom was able to provide complete pies as well as pieces.
She boasts about her retail contacts and believes he can sell pies and slices to pubs and other establishments.
Mark sees ON DEMAND pizza as a jackpot. He declares that he will be a customer and then exits.
Lori demands a quick reaction. Tom requests that she take 18% equity shares; Lori replies with 19% equity shares.
During these conversations, Barbara attempts to re-enter the deal, but Tom accepts Lori’s offer of $200,000 for 19% of the firm’s shares, prompting Barbara to lament, “She feels like a woman scorned.” Tom ultimately closed the pitch with a deal.
What Happened to Table 87 Pizza After Shark Tank?
Despite the fact that the deal with Lori did not work out, Cucco steadily extended the frozen pizza line in the years that followed.
His frozen pizza is now available in hundreds of grocery stores around the country, including Wegmans, Whole Foods, Stop & Shop, and others, as of August 2021.
The majority of his distribution is east of the Mississippi, but he plans to expand across the country.
The firm is still in operation as of February 2022, with annual revenue of $5 million.
Competitors of Table 87 Pizza
Domino’s Pizza and Yum! Brands, Inc. are the company’s two primary competitors.
Net Worth of Table 87 Pizza
During the pitch, the firm was valued at $2 million. Since then, the company’s net worth has been estimated to be $10 million.
Table 87 Pizza FAQs
What is Table 87 Pizza?
Table 87 Pizza is a coal-fired pizza restaurant that serves slices and full pies.
Who is the inventor?
In 2009, Tom Cucco was the inventor. His establishment is known for its Brooklyn-style crust, low-moisture mozzarella cheese, and unique tomato sauce.
How much was seeking on Shark Tank?
Tom was looking for $200,000 for a 10% stake in his firm.
Did he have the deal?
Yes, he has the $200,000 deal with Lori Greiner for 19% ownership of the firm.
Is Table 87 Pizza still in operation?
Yes, the company is still in operation, with$5 million yearly revenue.
Is it possible to buy Table 87 Pizza?
Customers may buy frozen pizza at local supermarkets and online.
How can I get in touch with Table 87 Pizza?
The easiest approach to get in touch with the organization is to go to table87.com.
What is the ideal temperature for Table 87 Pizza?
The pizzas are cooked at 900 degrees Fahrenheit in a classic coal-fired oven.
Where is Table 87 Pizza located?
The firm is headquartered in Brooklyn.
Table 87 Pizza delivers how frequently?
The pizzas are offered for delivery in a restricted radius at chosen places. New York City, Long Island, and Connecticut are a few examples.
How much does Table 87 Pizza cost?
Customers may have a piece of pizza for $6 to $12.50 or a full pie for the same price.
What size pizza does Table 87 Pizza offer?
Customers may buy frozen pizzas in sizes ranging from 3 to 14’res.
How much does Table 87 Pizza shipping cost?
The cost of shipping is $2.50 for the 48 contiguous United States and the majority of Canada.
Are there any negative consequences to eating the pizza?
Yes, each slice is around 200 calories, so order no more than two slices at a time.
Is Table 87 Pizza OK for vegans?
Yes, the pizzas are both vegan and gluten free. Some stores may not take credit cards or provide delivery.
What is the base of Table 87 Pizza?
The firm employs high-quality, low-moisture mozzarella cheese. The tomato sauce is created using vine-ripened tomatoes, and the crust is baked with Brooklyn Style dough.