Is Brazi Bites (Shark Tank) Still In Business?
Yes, Brazi Bites is still in business. It is a popular frozen food brand that offers Brazilian-style cheese bread pastries. The company was founded in 2007 and has been continuously producing and selling its products in supermarkets and grocery stores across the US.
They offer a variety of delicious and authentic items that cater to the growing demand for Mexican-inspired foods.
After appearing on Shark Tank in 2015, Brazi Bites, a company specializing in Brazilian cheese bread, experienced significant growth. The exposure from the show helped them expand their distribution and increase sales.
They secured deals with major retailers like Whole Foods, Costco, and Kroger, which greatly boosted their presence in the market.
Since their Shark Tank appearance, Brazi Bites has continued to innovate their product line, introducing new flavors and variations to cater to different consumer preferences.
in 2018, the company sold a majority stake to San Francisco Equity Partners, which facilitated their expansion into various grocery stores and online platforms like Amazon
Their success demonstrates the power of the Shark Tank platform in propelling promising businesses to new heights.
Brazi Bites From Shark Tank
| KEY DETAIL | INFORMATION | |
| Product | Brazilian cheese bread (Pão de queijo) | |
| Founders | Cameron MacMullin, Junea Rocha | |
| Shark Tank Ask | $200,000 for 10% equity | |
| Deal Made | Lori Greiner offered $200,000 for 16.5% equity | |
| Deal Finalized? | No, deal was mutually terminated. Exposure still provided major boost | |
| Current Distribution | Over 17,000 stores including warehouse, national retailers, online | |
| Current Product Line | Brazilian cheese bread (5 flavors), pizza bites, empanadas, breakfast sandwiches | |
| Sales After Shark Tank | $10 million per year, sold out after episode aired | |
| Ownership Structure | Private equity firm is majority stakeholder, founders retain leadership | |
| Future Plans | Launching new product in August 2023, focus on innovation and content creation | |
| Strategy | Leveraging content, innovation and expanded product line to maintain growth | |
Shark Tank Brazi Bites Update
While their Shark deal fell through, the Shark Tank exposure provided a huge sales boost that allowed Brazi Bites to significantly expand distribution and product lines, with the founders maintaining involvement under new private equity ownership.
Here is the Shark Tank Brazi Bites update:
- Brazi Bites went into the Shark Tank seeking $200,000 for 10% equity in their Brazilian cheese bread (Pão de queijo) company.
- They struck a deal with Lori Greiner, who offered $200,000 for 16.5% equity.
- However, the deal with Lori Greiner was mutually terminated after the show and was never finalized.
- Despite not finalizing a Shark deal, Brazi Bites saw a huge sales boost after their Shark Tank appearance, selling out their products.
- Their sales soared to $10 million per year after being featured on Shark Tank.
- They expanded their distribution to over 17,000 stores including warehouse clubs, national retailers, and online.
- In addition to their original Brazilian cheese bread line, they added pizza bites, empanadas, and breakfast sandwiches to their product offerings.
- A private equity firm became the majority stakeholder in Brazi Bites, though the founders Cameron MacMullin and Junea Rocha retained leadership positions.
- As of the update, Brazi Bites was planning to launch a new product in August 2023 and focus on innovation and content creation to drive continued growth.
Shark Tank Brazi Bites Net Worth
The net worth of Brazi Bites after their appearance on Shark Tank was estimated to be $ 1.21 million based on $200,000 for 16.5% equity. This down from pre- Shark Tank show where they sought $200,000 for 10% equity, a $ 2 million valuations.
Brazi Bites experienced significant growth and success following their appearance on the show. Annual revenue for Brazi Bites was reported to be about $12 million as of August 2022.
Also key is that, after appearing on Shark Tank in Season 7, Brazi Bites’ sales soared to $10 million per year after their episode aired and they sold out of product.
in 2018, the company sold a majority stake to San Francisco Equity Partners, which facilitated their expansion into various grocery stores and online platforms like Amazon.
A private equity firm became the majority stakeholder in the company, though the founders retained leadership positions.
