What Happened to The Bumbling Bee After the Shark Tank Pitch?
What exactly is Bumbling Bee?
Bumbling Bee is a firm that specializes in plant-based cuisine. Bumbling Bee has you covered if they are a vegan who misses junk food.
You can eat your plant-based junk food and yet enjoy the meaty flavour. The tasty meals of Bumbling Bee are produced with mung bean, soy, pea, and other ingredients.
Who are the Bumbling Bee Founders?
Cassandra launched the firm with her daughters India, Lexi, and Olivia after the real estate market crashed.
In 2011, they debuted the Bumbling Bee as a food truck. Lexi and Olivia are vegans, so they made the switch.
India has a traditional culinary education. They worked the truck together at a number of pick-up locations in Virginia Beach.
In September 2019, they opened The Bumbling Bee Vegan Junk Food & Burger Bar in Virginia Beach, Virginia.
In January 2020, they want to open a brick-and-mortar restaurant and food truck in Boulder, CO.
They had no idea the Covid-19 epidemic would devastate their commercial plans.
They were able to continue in business by offering takeaway service, which is common among food truck operators.
In addition, they serve outrageously rich milkshakes, veggie burgers, chili, hot dogs, and other foods.
What Happened to The Bumbling Bee During His Shark Tank Pitch?
Cassandra and India appeared on Shark Tank season 12 episode 22 looking for $150,000 for a 10% share in their firm. This equates to a $1.5 million valuation.
The Sharks appreciate both the dinner samples and the sales figures:
In 2020, the Bumbling Bee made $324,000 in sales. Despite the large numbers, the sharks assumed what The Bumbling Bee was doing was nothing out of the ordinary.
According to the sharks, nothing The Bumbling Bee was doing was proprietary.
This meant that other businesses may duplicate them at any time.
As a consequence, they determined that investing in the company at this time was not a good idea.
The sharks all declined to make an offer for The Bumbling Bee, but they did express their respect for what Cassandra and India had done, and the couple left the Tank without a contract.
What Happened to The Bumbling Bee Following Shark Tank Pitch?
Despite failing to land a sale, the company looks to be doing quite well.
Despite the difficulties posed by the Covid-19 outbreak, the company’s two locations, as well as the affiliated food trucks, are nevertheless open for business.
As of July 2021, the company’s annual revenue is $1 million.
What is The Bumbling Bee’s net worth?
Cassandra and India appeared on Shark Tank season 12 episode 22 looking for $150,000 for a 10% share in their firm. This equates to a $1.5 million valuation.
The current valuation is clearly greater since the company has developed.
Who are The Bumbling Bee’s competitors?
PETA’s Vegan Food Truck competes with the Bumbling Bee on the market.
The Bumbling Bee FAQS
1. Who are the Bumbling Bee founders?
Cassandra launched the firm with her daughters India, Lexi, and Olivia after the real estate market crashed.
In 2011, they debuted the Bumbling Bee as a food truck. Lexi and Olivia are vegans, so they made the switch.
2. Who is the Bumbling Bee’s CEO?
Cassandra is the CEO of the Company.
3. How much was they seeking in the Shark Tank?
They were hoping to raise $150,000 for 10% of the firm. This equates to a $1.5 million valuation.
4. Did they get the deal?
In the end, they failed to get the deal from the Sharks.
5. Where is their headquarters?
The firm is headquartered in Virginia Beach, Virginia.
6. Who are their competitors?
PETA’s Vegan Food Truck competes with the Bumbling Bee on the market.
7. What is the Bumbling Bee’s annual revenue?
As of June 16, 2021, the Company’s annual revenue is $1 million.
8. How many locations are there for Bumbling Bee?
There are currently two locations for the Bumbling Bee, and one food truck. They also provide takeaway service.
9. What Happened to The Bumbling Bee after the Shark Tank Pitch?
Despite the challenges caused by the Covid-19 outbreak, the company’s two sites and associated food trucks remain operating.
10. Where is The Bumbling Bee headquartered?
The Bumbling Bee is located in Virginia Beach, Virginia and Boulder Colorado.
11. What is the Net Worth of The Bumbling Bee?
At the Shark Tank, they valued their Company at $1.5 million.
12. When was The Bumbling Bee aired on Shark Tank?
The Bumbling Bee was aired on Shark Tank on April 23, 2021.
13. Is the Bumbling Bee Still in Business?
Bumbling Bee’s meteoric rise was slowed, if momentarily, by Covid-19, which caused most companies to close.
Fortunately, Bumbling Bee was able to overcome the setback. After the Covid-19 limits were lifted, the restaurant chain recovered admirably.
14. What methods of payment do they accepts?
The Bumbling Bee accepts payment via credit cards, PayPal, and checks.
15. Where can they find The Bumbling Bee?
They can purchase their products from their website or from a store near them.
16. When was The Bumbling Bee founded?
According to The Virginian-Pilot, the Bumbling Bee opened in 2019, and the proprietors were concerned when the COVID-19 outbreak shut down restaurants around the country.
Cassandra Ayala formerly had food trucks, but she merged them into The Bumbling Bee.
17. How Cassandra did came up with the idea?
Cassandra had the concept after working in real estate for over 25 years and wanted to try her hand in the culinary sector.
18. Is The Bumbling Bee vegan?
The Bumbling Bee is vegan, which means that all of their items are free of any animal products.
19. Are The Bumbling Bee Kosher certified?
Yes, their vegan are Kosher certified.
20. Are The Bumbling Bee cruelty free?
Yes, they are cruelty free.
21. Is The Bumbling Bee approved by PETA?
The Bumbling Bee has been approved by PETA as a vegan-friendly establishment, so vegans can go to the Bumbling Bee for their healthy and tasty treats.
22. Is The Bumbling Bee gluten free?
Yes, The Bumbling Bee products are gluten free.
