Brazi Bites Shark Tank Net Worth
The founder’s Shark Tank looking for a $200,000 investment in return for a 10% stake in Brazi Bites. This implies a $2 million valuation. They accepted an offer from Lori of $200,000 for a 16.5% stake thus bringing the valuation to $1.2 million.”
Brazi Bites is a company that produces Brazilian cheese bread made from tapioca flour. The company’s founder, Junea Rocha, and her husband, Cameron MacMullin, appeared on Shark Tank in Season 7 to seek investment to help grow their business.
They were seeking $200,000 in exchange for a 10% stake in the company, which would value the company at $2 million.
After giving out samples of their product, the Sharks were impressed and started making offers. Eventually, they accepted an offer from Lori Greiner, who offered $200,000 for a 16.5% stake in the company, which lowered the valuation to $1.2 million.
While the deal with Lori never materialized, Brazi Bites continued to grow and expand its distribution. In 2018, San Francisco Equity Partners purchased a majority share in the company for an undisclosed sum, which helped the company expand even further.
As of August 2021, Brazi Bites can be found in many supermarkets and wholesale club shops across the United States, as well as on Amazon. The company’s annual revenue is estimated to be around $12 million.
What is Brazi Bites and Who is the Founder of Brazi Bites?
Brazi Bites is a snack product inspired by the Brazilian dessert Po de Queijo. It is made with natural, non-GMO ingredients and is free of gluten, soy, preservatives, trans fat, and sugar.
The product comes in five different flavors: Cheddar Parmesan, Garlic Asiago, 3-Cheese Pizza, Classic Ranch, and Cinnamon Churro.
Junea Rocha, who is originally from Portland, Oregon, is the founder of Brazi Bites. She created her own version of Brazilian Cheese Bread based on a family recipe that could be made with readily available ingredients when she came to the United States.
After months of culinary trial, she and her husband Cameron produced the perfect cheese bread that they presented to a local food expo, where they sold out within hours. From there, the Brazi Bites company was born.
Today, Brazi Bites are available in hundreds of retail locations across the United States, including Whole Foods, Bristol Farms, and Wegmans. All you have to do is bake them for 20 minutes and they are ready to serve.
Brazi Bites Shark Tank Pitch
In November 2015, Cameron and Junea pitched Brazi Bites on season 7 episode 9 of Shark Tank, requesting a $200,000 investment in exchange for a 10% stake in the company, implying a $2 million valuation.
They showcased their cheese bread, made with all-natural, gluten-free ingredients, and informed the Sharks that they had achieved $60,000, $200,000, and $600,000 in revenue over the last three years, respectively.
The Sharks were impressed, and there was a bidding war between them. Ultimately, Daymond and Kevin made a deal with Cameron and Junea for $200,000 in exchange for a 20% stake in the company.
However, the deal with Lori never came to fruition, and the Brazi Bites website crashed following the show’s airing, due to the “Shark Tank effect.”
Nevertheless, Brazi Bites persevered, and two years later, the company secured a contract with Target. In July 2018, San Francisco Equity Partners purchased a “majority share” in the firm, although the financial details were undisclosed.
Today, Brazi Bites can be found in most grocery stores and on Amazon, generating an annual revenue of $12 million.
Brazi Bites Net Worth
The founder’s Shark Tank looking for a $200,000 investment in return for a 10% stake in Brazi Bites. This implies a $2 million valuation. They accepted an offer from Lori of $200,000 for a 16.5% stake thus bringing the valuation to $1.2 million.
Brazi Bites Competitors
Top Competitors of Brazi Bites are as follows; Food Should Taste Good, Hippeas, Kingsmill Foods, Perdigao, Sahale Snacks, Udi and ShaSha Bread.
Brazi Bites FAQS
What is Brazi Bites?
Brazi Bites is a gluten-free, 100% natural, cheese bread snack similar to a cheese puff.
How much were they seeking in the Shark Tank?
They were seeking $200K in return for a 10% stake in their Company.
Did they get a deal from the Sharks?
They pitched their Brazi Bites cheese bread and got a deal from Lori Greiner of $200K for 16.5% stake in the business.
Where are Brazi Bites made?
Brazi Bites are made in Portland, Oregon.
What episode of Shark Tank was Brazi Bites?
They were featured in Season 7 Episode 9 of the show.
What happened to Brazi Bites?
Brazi Bites, a Portland-based frozen snack food company, has sold a controlling ownership to a San Francisco-based private equity group.
Are Brazi Bites authentic?
Brazi Bites was established on a genuine family recipe made from basic, healthful ingredients. They only utilize the best, hand-picked ingredients and nothing fake.
Their Brazilian Cheese Bread and Empanadas are inherently gluten-free since they are prepared with tapioca flour.
What are Brazi Bites made of?
Tapioca Flour, Eggs, Milk, Parmesan Cheese (Parmesan Cultures, Salt, Enzymes), High-Oleic Safflower Oil, Cheddar Cheese (Pasteurized Milk, Salt, Cheese Cultures, and Cellulose to Prevent Caking), Filtered Water, Salt.
Where can they buy Brazi Bites products?
Their products may be found in the freezer area of thousands of supermarket stores across the United States and Canada.
How do they make Brazi Bites?
Preheat the oven to 400 degrees Fahrenheit (200 degrees Celsius). Do not defrost before baking.
On a baking sheet, space frozen bits 1″ apart (lightly grease or use parchment paper). Bake for approximately 20 minutes, or until brown.
When was Brazi Bites founded?
Junea Rocha is the CEO and co-founder of Brazi Bites. In 2010, she and her spouse founded the firm.
Are Brazi Bites vegetarian?
Gluten-Free Brazi Bites 3 Cheese Pizza | Vegetarian Frozen Bread Snacks | Soy-Free | No Artificial Ingredients | No Preservatives | 11.5 oz. pouches (12-pack).
Can they microwave Brazi Bites?
They do not advocate using a microwave to cook their items. The dough will not rise correctly, and they will most likely be unhappy with the outcome.
Are Brazi Bites doughy?
The Brazi Bites must be kept frozen; when placed on a cookie sheet to bake, they resemble little discs.
After baking, they become beautiful brown, fluffy, and doughy cheese balls. These can be served as an appetizer, a side dish, or as a fast snack.
Are Brazi Bites gluten-free?
Brazi Bites are gluten-free (made from tapioca flour), nut-free, soy-free, sugar-free, and trans-fat-free. They bake in 20 minutes from freezer to oven.
Are Brazi Bites completely cooked?
Yes. They can create delectable Brazi Bites Cheese Bread and Empanadas in 15 minutes or less using an air fryer.
They recommend baking them at 340°F for 15 minutes to get the perfect crust.
Are Brazi Bites free of dairy?
Dairy Free Brazilian Cheese Breads, commonly known as Po de Queijo, can make every supper unique.
Because they are produced with tapioca flour, they are naturally gluten-free and grain-free. They are also known as Brazilian Cheese Bread or Brazi Bites.
Can Brazi Bites be reheated?
After cooking, these Brazi Bites retain their crispiness. If they have any leftover bites, they may place them in a zip lock container and store them in the fridge. In a low oven, they reheat well.
What is the calorie count of Brazi Bites Cheddar & Parmesan, Brazilian Cheese Bread?
The calories in Brazi Bites Cheddar & Parmesan, Brazilian Cheese Bread are 130.0.
Are Brazi Bites nut free?
Their production line is entirely dedicated to their products and is nut-free.
What payments do they accept?
They accept PayPal, Apple Pay, and all major credit cards.
Do they ship internationally?
Currently, they can only send things within the continental United States. At the moment, they do not ship to Alaska, Hawaii, or Puerto Rico.
What is the net worth of Junea Rocha?
There is no update about her net worth.
