Bumbling Bee’s Net Worth
The Bumbling Bee’s net worth was valued at $1.5 million before appearing on Shark Tank. After the show, their net worth is estimated to be around $1 million.
In 2020, they made $324,000 in sales, but their restaurant closed down in 2022.
What is The Bumbling Bee?
Bumbling Bee is a company that specializes in vegan junk food made from plant-based ingredients like mung bean, soy, and pea.
Founded by Cassandra and her daughters India, Lexi, and Olivia, the company started as a food truck in 2011 and later opened a brick-and-mortar restaurant in Virginia Beach in 2019. They planned to expand to Boulder, CO in 2020 but were disrupted by the Covid-19 outbreak.
Despite the challenges, they continued to offer takeout service and serve their popular dishes like veggie burgers, chili, hot dogs, and insanely rich milkshakes.
In their appearance on Shark Tank season 12 episode 22, Cassandra and India sought $150,000 for a 10% stake in the company, which was valued at $1.5 million.
Although the Sharks were impressed with the food samples and sales figures of $324,000 in 2020, they ultimately decided not to invest as they believed there was nothing proprietary about the company’s offerings and competitors could easily imitate them.
Nevertheless, the Sharks commended Cassandra and India for their achievements and the duo left the show without a deal.
Bumbling Bee the Shark Tank Pitch
Cassandra and India went on Shark Tank Season 12 Episode 22 seeking a $150,000 investment for a 10% stake in their company, which would value it at $1.5 million.
The Sharks were impressed by the meal samples and sales figures, with The Bumbling Bee making $324,000 in sales in 2020. However, they didn’t think that the company was doing anything proprietary, which meant that competitors could copy them at any time. As a result, they declined to invest.
Despite this setback, the company has continued to thrive. Even in the face of the Covid-19 pandemic, the company’s two brick-and-mortar locations and associated food trucks are still in operation. As of July 2021, The Bumbling Bee generates $1 million in annual revenue.
Who are the Competitors of The Bumbling Bee?
The Bumbling Bee faces competition in its marketplace from; PETA’s Vegan Food Truck.
The Bumbling Bee FAQS
What is The Bumbling Bee?
Bumbling Bee is a company that specializes in plant-based cuisine. If they are a vegan who misses junk food, Bumbling Bee has them covered.
They can consume their plant-based junk food without missing out on the meaty flavor. Bumbling Bee’s delectable dishes are made from mung bean, soy, pea, and other ingredients.
Who are the Founders of Bumbling Bee?
Cassandra Ayala founded the company with her daughters India, Lexi, and Olivia.
How much were they seeking in the Shark Tank?
The Bumbling Bee was seeking $150,000 for a 10% stake in their company.
Did they get the deal from the Sharks?
The Bumbling Bee did not get a deal from the Sharks.
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.
What is The Bumbling Bee’s Yearly Revenue?
As of July 2021, The Bumbling Bee’s revenue was $1 million.
Where is The Bumbling Bee headquartered?
The Bumbling Bee is located in Virginia Beach, Virginia, and Boulder Colorado.
What is the Net Worth of The Bumbling Bee?
At the Shark Tank, they valued their Company at $1.5 million.
When was The Bumbling Bee aired on Shark Tank?
The Bumbling Bee was aired on Shark Tank on April 23, 2021.
Who are the Competitors of The Bumbling Bee?
The Bumbling Bee faces competition in its marketplace from; PETA’s Vegan Food Truck.
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.
What methods of payment do they accepts?
The Bumbling Bee accepts payment via credit cards, PayPal, and checks.
Where can they find The Bumbling Bee?
They can purchase their products from their website or from a store near them.
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.
How did Cassandra come 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.
Is The Bumbling Bee vegan?
The Bumbling Bee is vegan, which means that all of its items are free of animal products.
Are The Bumbling Bee Kosher certified?
Yes, their vegan is Kosher certified.
Are The Bumbling Bee cruelty-free?
Yes, they are cruelty-free.
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.
Is The Bumbling Bee gluten-free?
Yes, The Bumbling Bee products are gluten-free.
