CBS Foods Shark Tank Net Worth 2023
During the pitch on Shark Tank, CBS Foods company was valued at $800,000. Additionally, there were other investors who invested in the company.
Since appearing on the show, CBS Foods has made a lot of sales. As a result, it can be inferred that the valuation of the company has increased in 2021.
What is CBS Foods? Who is the founder of CBS Foods?
CBS Foods is a company located in Brooklyn, New York, USA that provides a variety of dining options to its customers.
Their offerings include French Fries made from Non-GMO soybean oil, as well as delicious burgers and chicken tenders made from free-range chicken that are both healthy and wholesome.
Additionally, the company provides a toppings bar filled with various flavors, including garlic, to enhance the taste of your food.
The founder of CBS Foods, Shawn Davis, was inspired to create the company after his 10-year-old daughter came home from school with a vegetarian booklet.
In response, Davis began developing meals using fish instead of traditional meat sources to support his daughter’s newfound passion for cooking.
Growing up in a challenging environment, Davis’s mother believed it was best for him to live with family friends who owned a restaurant.
It was there that he developed his love for cooking and learned the ins and outs of the industry.
Over time, Davis honed his skills and became interested in other food products, eventually discovering the U.S. Food and Drug Administration (FDA) while researching other food companies.
Davis saw an opportunity to create a product that differed from the industrial chemical flavorings used by other companies.
Instead, he developed natural and flavorful alternatives that could be used in a variety of settings, such as sprinkles for sweets and other baked goods found in fast food establishments.
CBS Foods Shark Tank Pitch
Shawn Davis decided to present his brand business idea to the Sharks investors after achieving success with his business. His aim was to seek their help in expanding his firm to a national level.
Upon entering the Shark Tank, Davis boldly requested $200,000 for 25% of the company at a $800,000 value. He then showcased his Shrimp Burger in four variants and offered samples to the Sharks, tempting them with his delicious offerings.
Davis emphasized the size of the hamburger and turkey-burger markets, claiming that his company, CBS Foods, was best positioned to capture a share of the market.
Kevin O’Leary expressed concerns about the cost of making and selling Shrimp Burgers, stating that the cost of manufacturing was $.87 against a sale price of $1.63, indicating little margin.
However, Davis argued that they were buying a brand, and his margins were a solid 63 percent when all factors were considered.
While Mark Cuban loved the product, he was unfamiliar with the food industry and could not offer value, so he was out of the deal. Barbara Corcoran didn’t like shrimp, so she declined the offer.
Kevin O’Leary informed Davis that he was already doing business with him since he owned the debt of one of the top shrimp firms. However, he believed that Davis’ margins were insufficient, and he exited the deal.
Robert Herjavec felt that Davis’ valuation was too high, so he withdrew from the deal. Only Daymond remained at the table after four Sharks left. However, he also declined the offer, as he felt that Davis’ valuation was too high.
Even though the Sharks did not invest in his company, the televised exposure drew the attention of other investors, and CBS Foods now has annual sales of more than $5 million.
Despite the Sharks’ missed opportunity, Chef Big Shake resurfaced in 2018 as Big Shake’s Hot Chicken, a quick casual restaurant in Nashville with one franchisee in Huntsville, AL.
In the autumn of 2021, a third site will open in Tampa. He also offers his breading mix and spices to restaurants and customers. The new enterprise will make $3 million each year by 2021.
CBS Foods Shark Tank Updates
CBS Foods is a company located in Brooklyn, New York, that provides a variety of dining options to its customers the founder of CBS Foods is Shawn Davis, also known as Chef Big Shake.
Chef Big Shake appeared on Shark Tank in 2011, where he requested an investment of $200,000 for a 25% equity stake in the CBS Foods brand.
Although the Sharks declined to invest in his company, the television exposure brought the company to the attention of other investors. Today, CBS Foods boasts over $5 million in sales a year.
Chef Big Shake’s specialty is seafood, and his flagship product is the Original Shrimp Burgers, which come in four different flavors: Teriyaki, Jalapeno, Cajun, and the Original.
At the time of his Shark Tank appearance, Chef Big Shake had already sold over 22,000 Shrimp Burgers, grossing around $30,000. His ultimate goal was to get his products into grocery stores around the entire country.
Despite not receiving an investment from the Sharks, Chef Big Shake’s company has experienced financial success without their backing.
As of 2023, there is no recent update on CBS Foods or Chef Big Shake’s progress since his Shark Tank appearance in 2011. However, it is known that CBS Foods has a net worth of $5 million in sales a year
CBS Foods Shark Tank Table Summary:
| CATEGORY | INFORMATION |
| Company Name | CBS Foods |
| Location | Brooklyn, New York, USA |
| Founder | Shawn Davis, also known as Chef Big Shake |
| Shark Tank Pitch | Requested $200,000 for 25% of the company at a $800,000 value |
| Valuation | During the pitch on Shark Tank, CBS Foods company was valued at $800,000 |
| Competitors | Netflix, The Walt Disney Company, NBCUniversal, and Hulu |
| Sales | CBS Foods boasts over $5 million in sales a year |
| Flagship Product | Original Shrimp Burgers, which come in four different flavors: Teriyaki, Jalapeno, Cajun, and the Original |
| Updates | There is no recent update on CBS Foods or Chef Big Shake’s progress since his Shark Tank appearance in 2011. |
| Net Worth | CBS Foods has a net worth of $5 million in sales a year |
Competitors of CBS Foods
The company competes with companies that are creating similar or identically branded snacks. These include; Netflix, The Walt Disney Company, NBCUniversal, and Hulu.
Net Worth of CBS Foods
During the pitch, the company was valued at $800,000 and there was another investor in the company who invested, and also they have made a lot of sales since the Shark Tank episode.
This means the valuation of the company has increased in 2021.
CBS Foods FAQs
What is CBS Foods Shark Tank?
CBS Foods is a food company that specializes in seafood-based products, particularly shrimp burgers. The founder of the company, Shawn Davis, also known as Chef Big Shake, appeared on Season 2, Episode 1 of Shark Tank in 2011.
During his pitch, he requested an investment of $200,000 for a 25% equity stake in the CBS Foods brand. Despite receiving compliments for his shrimp burgers, none of the sharks made an offer.
However, after the episode aired, Davis secured $500,000 from private investors, which enabled CBS Foods to roll out a large distribution plan to get into thousands of grocery stores across the country.
After the Shark Tank episode aired, his sales grew from $30,000 to $5 million in just one year. As of 2022, CBS Foods’ net worth is not publicly available, but the company is still in operation and selling its products.
Davis is considered one of Shark Tank’s most successful entrepreneurs, and he credits the show with saving his business and his life.
How does CBS Foods Shark Tank work?
CBS Foods is a company that appeared on Shark Tank in 2011. The founder of the company, Shawn Davis, also known as Chef Big Shake, was seeking an investment of $200,000 in exchange for a 25% equity stake in the CBS Foods brand.
CBS Foods specializes in seafood, particularly shrimp burgers. Although the sharks declined to make Davis an offer, he secured $500,000 from private investors after the episode aired.
This enabled CBS Foods to roll out a large distribution plan to get into thousands of grocery stores across the country. Davis says that after the Shark Tank episode aired, his sales grew from $30,000 to $5 million in just one year.
As of 2023, CBS Foods’ website is “under construction”. However, Chef Big Shake is still active in the food industry and has rebranded his business as Big Shake’s Hot Chicken, a fast-casual restaurant.
Despite not receiving an investment from the sharks, Chef Big Shake’s appearance on Shark Tank helped him to secure private investment and grow his business significantly.
What happened to CBS Foods after Shark Tank?
Chef Shawn Davis, also known as Chef Big Shake, appeared on Season 2, Episode 1 of Shark Tank in 2011, where he pitched his company, CBS Foods, which is known for its shrimp-based burgers.
Davis requested an investment of $200,000 for a 25% equity stake in the CBS Foods brand, but none of the sharks made him an offer.
However, after the episode aired, Davis secured $500,000 from private investors, which enabled CBS Foods to roll out a large distribution plan to get into thousands of grocery stores across the country.
Davis said in a Shark Tank update that after the episode aired, his sales grew from $30,000 to $5 million in just one year.
In 2013, Davis and his wife, Robin, opened their first brick-and-mortar restaurant, Big Shake’s Hot Chicken and Fish, in Franklin, Tennessee, which eventually grew into a franchise concept with multiple locations.
However, by 2016, CBS Foods had fallen on hard times, and its website was “under construction” for several months. In 2018, Chef Big Shake re-emerged as Big Shake’s Hot Chicken, a fast-casual restaurant in Nashville with one franchisee in Huntsville, AL.
As of July 2021, his new venture earns $3 million annually, and there are now four restaurants in Tennessee and Alabama with two more “coming soon”.
In summary, after appearing on Shark Tank, Chef Big Shake secured $500,000 from private investors, which helped CBS Foods to roll out a large distribution plan to get into thousands of grocery stores across the country.
Although CBS Foods fell on hard times, Chef Big Shake re-emerged as Big Shake’s Hot Chicken, a fast-casual restaurant in Nashville, which has grown into a franchise concept with multiple locations.
Is CBS Foods Shark Tank still in Business?
Yes, CBS Foods is still in business and making sales in the market.
CBS Foods is a company located in Brooklyn, New York, USA that provides a variety of dining options to its customers, including French Fries made from Non-GMO soybean oil, as well as delicious burgers and chicken tenders made from free-range chicken that is both healthy and wholesome.
CBS Foods was valued at $800,000 during its pitch on Shark Tank, and since appearing on the show, it has made a lot of sales. Chef Big Shake, the founder of CBS Foods, appeared on Shark Tank in 2011, where he presented his flagship shrimp burgers.
Although none of the sharks made him an offer, Chef Big Shake continued to thrive and his company became a rousing success.
In 2016, CBS Foods appeared to have fallen on hard times, with its website “under construction” for several months.
However, Chef Big Shake re-emerged as Big Shake’s Hot Chicken, a fast-casual restaurant in Nashville with one franchisee in Huntsville, AL, and a third location opening in Tampa in the fall of 2021. He also sells his breading mix and spices to food service providers and consumers.
As of July 2021, his new venture earns $3 million annually, and there are now four restaurants in Tennessee and Alabama with two more “coming soon”. Therefore, although CBS Foods may have undergone some changes, Chef Big Shake’s business is still thriving.
What is the current valuation of CBS Foods after Shark Tank?
CBS Foods is a company located in Brooklyn, New York, that provides a variety of dining options to its customers, including French fries made from non-GMO soybean oil, burgers, and chicken tenders made from free-range chicken that is both healthy and wholesome.
The founder of CBS Foods is Shawn “Chef Big Shake” Davis, who came to Shark Tank in episode 201 with a revolutionary approach to the backyard BBQ. During the pitch on Shark Tank, CBS Foods was valued at $800,000, and there were other investors who invested in the company.
Since appearing on Shark Tank, CBS Foods has made a lot of sales, boasting over $5 million in sales a year. However, there is no information available on the current valuation of CBS Foods after Shark Tank.
It can be inferred that the valuation of the company has increased since appearing on the show due to its success in sales, but there is no specific information available on the current valuation.
What is CBS Foods?
CBS Foods is a company that offers dining choices to its consumers, in the form of products such as French Fries which are made from Non-GMO soybean oil, delicious burgers, and chicken tenders that are made from free-range chicken which are not only healthy but wholesome.
The company also supplies a toppings bar that is filled with flavors such as garlic to make your food taste good.
Who is the founder?
Shawn Davis is the founder of CBS Foods. He founded the company when his 10-year-old daughter brought home a vegetarian booklet in school, which inspired him to think in terms of coming up with meal ideas that used fish instead of meat.
What is his offer on Shark Tank?
Shawn was asking for $200,000 for 25% equity of the company at a valuation of $800,000.
Did he get an offer?
No, the Sharks refused to invest in the company.
Is he still in the industry?
Yes, Shawn Davis is still in the industry and working as a consultant.
Has there been any news on his personal life?
No, no news about his personal life or else.
Who are the competitors?
The company competes with companies that are creating similar or identically branded snacks. These include; Netflix, The Walt Disney Company, NBCUniversal, and Hulu.
What is the business model?
The company’s business model involves exploring the market of potential clients and negotiating with them on their needs.
After this, the firm produces products that satisfy the needs of the consumers.
Is it profitable?
CBS Foods is in the process of making its sales profitable, however, at this point in time, it is difficult to determine its profitability.
What are the strengths?
The strengths of the brand include; it is easily available, it has a large market and the company supplies the product at a cheaper price, compared to others in the same field.
What is the weakness?
The main weakness of this brand includes; a lack of knowledge and experience, growing demands and preferences and not having enough funds to start up.
What is his projected future growth?
Chef Big Shake’s Hot Chicken plans to expand across Tennessee and Alabama with franchisees until 2021.
What is the business strategy?
The company’s business strategy involves coming up with new ideas that will satisfy the majority of consumers. This then ensures that the firm remains within the market.
What is his competitive advantage over others?
The company’s competitive advantage includes; its ability to come up with new products, high standards of service, and low prices.
Shawn Davis was able to come up with new ideas that satisfied the majority of the consumers. He also came up with new products that kept him within the competition.
How much is his revenue?
CBS Foods has annual sales of more than $5 million.
What is the net worth of Shawn Davis?
The net worth of Shawn Davis is estimated at $6 million.
