Name: Shark Tank US | Kevin Gets Pushed Out Of Simply Good Jars Deal
Uploaded: 2024-10-24T14:13:28.000Z
Duration: 11 min 15 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Bursting the tank is an easier way to eat healthier meals.

My name is Jared Cannon from the great city of Philly, and I'm seeking $500,000 for 7% equity in my company.

Sharks, if you couldn't tell, I'm a chef.

I've prepared some of the most exquisite meals you can even imagine.

But my favorite to prepare is, you're never going to guess, a salad.

I make a mean smoked salmon salad with pearled couscous, fennel, radish, feta, and aji amarillo vinaigrette that will knock your socks off.

What if I told you you could have a five-star meal served to you right in a jar?

At Simply Good Jars, we are revolutionizing the packaged salad to create simply delicious, simply beautiful meals bursting with every bite.

So say goodbye to messy, flavorless, and boring greens, and hello to fresh, vibrant, nutritious salads packed into our easy grab-and-go jars.

So just shake it up, and the salad will mix itself.

And if you need to take a break or make a move, simply cap it, and you're good to go.

And the best part, all our jars are returnable.

So for every jar that we get back, we not only reuse it to help Mother Earth, but we also donate one meal to feed someone in need.

Sharks, at Simply Good Jars, we believe fresh, healthy food should be easy to grab as a bag of chips.

So tell me, who wants to shake things up and help us create the new standard for eating on the go?

You know, I really thought seeing it all layered there that it wouldn't, but it does.

Why can't anybody just put together a jar that's shake and bake, and I made it at home, right?

So the whole jarred salad thing is like a Pinterest fad.

It's been around forever, but nobody's ever commercialized it.

Are you selling this where people are putting it into their own coolers?

So before COVID, the primary revenue driver for our business was, you know, really supported by this fleet of these smart coolers that we would put into places where there was kind of a captive audience, not a lot of access to food, let alone fresh food.

Hotels, airports, convention centers, office buildings, universities.

So, as you would imagine, all the places that we had distribution, 98% were gone.

So we had to figure out how were we going to follow that customer to where they were now, right, which was at home, working, shopping at their local store.

And we were able to very quickly make the pivot to retail.

And the reality was salad bars went bye-bye, right?

The industry thinks if they do come back, it's still going to be about two years.

So between Easter and Memorial Day, we went from four locations to 230 doors.

We launched Walgreens in Chicago, and then we launched 175 C stores.

And we partnered with Cloud Kitchens, and we're able to list our products on these meal delivery platforms, where now we get low-friction trial.

That's where you maximize your margin, and that's where you make the most money, right?

Okay, but are you going to actually, as a company, set up a Cloud Kitchen for each major demographic?

Yeah, so our contract with Cloud Kitchens is national.

And what do you sell it to the retailer for?

So on the wholesale model, we're selling it $5 to $6.

All right, why don't we talk about your numbers?

So first of all, excellent, excellent, excellent.

And then what are you on track to do this year?

So last year we did just shy of about $300,000.

Wait, I want to make sure that I heard the evaluation correctly.

So we're already, we're $475,000 year-to-date.

We're on track to do about $700,000, $750,000 this year.

$750,000? And how much will you make on that?

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Shark Tank US | Kevin Gets Pushed Out Of Simply Good Jars Deal

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