Boarderie Shark Tank Net Worth-What Happened After Shark Tank?
What Is Boarderie? Who Founded Boarderie?
Boarderie is a company that sells pre-made charcuterie boards, which each feature several trays of food. The company was founded by Aaron and Julie Menitoff in the fall of 2020.
The couple began their careers in hospitality over twenty years ago, co-owning a catering firm in Palm Beach, Florida.
They started small but soon had projects across the country, and renowned celebrities like Prince Harry and Bruce Springsteen became their clients.
Boarderie appeared on Shark Tank in 2021 and received an investment offer from Lori Greiner. However, the deal did not go through as Greiner settled for a $300,000 investment with a 9% stake instead of the initial offer at 10%.
Despite this setback, Boarderie’s appearance on Shark Tank proved to have benefits that went far beyond Lori Greiner’s initial investment.
After the segment aired, the company quickly sold out of charcuterie boards. Over the course of 2022, Boarderie’s sales grew by 1000%, bringing revenue to around $70 million.
Boarderie is a founder-led, family-run business that offers direct-to-consumer ready-to-eat pre-arranged cheese and charcuterie boards.
The company eliminates the need for purchasing, chopping, and preparation as temperature-controlled and neatly organized boards are transported directly to consumers.
What Happened To Boarderie At Shark Tank?
Boarderie is a business that offers pre-arranged, catering-quality Cheese and Charcuterie boards. The founders of Boarderie, Aaron Menitoff and Rachel Solomon, appeared on Shark Tank Season 14 Episode 7 and asked for $300K for a 5% equity at a $6 Million Valuation from the sharks.
After some discussions, Aaron and Rachel decided to accept Lori Greiner’s offer of $300k for 9% equity with the help of Mark Cuban.
After the Shark Tank episode aired, Boarderie sold out of boards and maxed out production. In the days that followed, the company was deemed the largest shipper of overnight packages in South Florida, with a staff of 70 working around the clock to make artisan boards.
According to Forbes, founders Rachel Solomon and Aaron Menitoff’s appearance on “Shark Tank” proved to have benefits for Boarderie that went far beyond Lori Greiner’s initial investment. They are on track to hit $70 million in revenue with 1,000 percent growth in one year.
In conclusion, Boarderie has been successful after appearing on Shark Tank. They received an investment from Lori Greiner and have experienced significant growth since their appearance on the show.
What Happened To Boarderie After Shark Tank?
Boarderie, a cheese and charcuterie board business, appeared on Shark Tank Season 14 Episode 7 in 2023. The founders, Aaron Menitoff and Rachel Solomon, asked for $300k for a 5% equity at a $6 Million Valuation. Lori Greiner invested $300k in Boarderie for 9% equity.
After the episode aired, Boarderie sold out of boards and maxed out production. In the days that followed, the company was deemed the largest shipper of overnight packages in South Florida with a staff of 70 working around the clock to make artisan boards.
According to Forbes, Boarderie’s sales grew by 1000% over the course of 2022 and are on track to hit $70 million in revenue. Shark Tank investor Lori Greiner agreed to work with Menitoff and Solomon to take their business to the next level by expanding their direct-to-consumer business.
As of March 11, 2023, there is no further information available about what happened to Boarderie after Shark Tank.
Boarderie Shark Tank Net Worth
Boarderie is a company that was worth about $3.3 million during the shark tank. During their appearance on Shark Tank Season 14, entrepreneurs Rachel Solomon and Aaron Menitoff asked for $300,000 for 5% equity $6 Million Valuation in their business.
They ended up accepting an offer from Lori Greiner for $300,000 for 9% equity. The company had access to a 15,000-square-foot space in Florida that handled production and could produce thousands of units per day.
The costs to produce a single unit were about $90, while it was wholesaled for $150. During the previous calendar year, the company generated just under $2 million and expects to net around $400,000 at the end of 2022.
Is Boarderie Still In Business?
Yes, Boarderie is still in business as of November 2022. The company offers Direct-to-Consumer ready-to-eat pre-arranged, catering-quality Cheese and Charcuterie boards nationwide.
Boarderie has shipped 60,000 boards by November 2022 to individual customers and businesses, including some tech companies.
The company’s sales grew by 1000% over the course of 2022, bringing revenue to around the $70 million mark. Boarderie expects to net about $400,000 at the end of the 2022 calendar year.
Boarderie is a founder-led, family-run business with over 40 years of gourmet catering experience. The company sources high-quality and award-winning cheeses from around the world to bring perfectly-paired assortments that are impeccably sourced.
Boarderie can accommodate corporate orders with custom logo engraving on up to 250 boards for next-day shipping. Larger orders of up to 3,000 boards can be accommodated with just a few day’s notice.
Boarderie heavily involves its local community. The company routinely hires developmentally disabled adults through Arc Clients and has provided free meals to power workers during several hurricane-induced outages.
People interested in sampling Boarderie’s products can purchase them through channels such as their website or other online retailers.
