Cookie Kahuna Shark Tank Net Worth 2023
The net worth of Cookie Kahuna is unknown as of 2023 since the company went out of business. The valuation of Cookie Kahuna was $250,000 when it appeared on Shark Tank.
Despite not receiving an offer from the Sharks, Wally Amos maintained his excitement and felt that increased exposure resulted in increased revenue.
However, Cookie Kahuna failed to generate revenue and Wally Amos went bankrupt. In 2017, he was forced to create a GoFundMe page to raise funds to get back on track financially.
It is important to note that there is conflicting information regarding Wally Amos’ net worth. According to one source, he has a net worth of $12 million dollars. However, this information cannot be verified and may not be accurate.
What is Cookie Kahuna? Who is the founder of Cookie Kahuna?
Cookie Kahuna, a unique cookie company founded by Wally Amos, offers a variety of raw chocolate chip cookies with a twist that are vegan-friendly and gluten-free.
The company aims to compete with big cookie companies by providing high-quality products at competitive prices.
Wally Amos, the creator of Famous Amos cookies, started his first cookie business in 1975 using a special family recipe from his aunt.
Although his initial venture was a huge success, Wally made some poor financial decisions, which led to him gradually selling off parts of his business.
Over time, Famous Amos went through several different owners before ending up under the Kellogg brand.
Unfortunately, Wally no longer has any involvement in the company, nor does he have the rights to use his name or likeness for future business endeavors.
With Cookie Kahuna, Wally Amos is bringing his passion for baking cookies with a taste of Aloha spirit right into the recipe.
These delicious treats come in various packaging options, including bags, boxes, and bulk orders, and feature exciting flavors like Butterscotch Macadamia and Chocolate Chip Pecan in addition to the Original Chocolate Chip.
Wally Amos is a successful entrepreneur who has established, grown, and sold several businesses over the past four decades, with Famous Amos being his most profitable venture.
He opened his first retail store in Orland Park, Illinois in 1975, expanding to numerous states before discontinuing the business in 2004.
Kellogg’s poor decision heavily influenced the decline of Wally’s cookie firm, but after losing Famous Amos, he returned to the original recipes and flavors that people have always loved. Today, Cookie Kahuna is available in physical stores in Hawaii and online, with a 6-ounce bag costing $5.99.
Cookie Kahuna Shark Tank Pitch
Wally’s love for cookies was undeniable, but his business skills were lacking, and he couldn’t take Cookie Kahuna to the next level on his own.
When he appeared on Shark Tank, he asked for $50,000 in exchange for a 20% stake in his business, which was valued at $250,000. However, the Sharks were not convinced that his name alone would bring in profits.
Wally presented each Shark with a plate of his delicious cookies and a glass of milk, which impressed them, but when Robert asked about manufacturing costs and profit margins, Wally had to read from his notes, which did not impress the Sharks.
They were concerned about the high costs and limited distribution, and Robert did not believe Cookie Kahuna would be successful in the long run. The other Sharks withdrew their offers, citing concerns about Wally’s lack of access to his Famous Amos image and name.
Despite not securing a deal, Wally remained optimistic about his product and continued to sell them online and in person. His cookies are identical to the original Famous Amos cookies and sell out quickly online.
Although distribution is currently limited, Costco plans to become the first nationwide retailer of Cookie Kahuna cookies in the United States.
Wally is not giving up on his cookie business and continues to sell them wherever he can, offering discounts on social media for various holidays.
However, his new cookie business was briefly featured on Indiegogo in 2019 but was forced to cease operations due to a lack of funds.
Net Worth of Cookie Kahuna
During the pitch the company was valued $250,000. In 2021 the company is out of the business, thus the net worth is unknown.
Cookie Kahuna Shark Tank Updates
Wally Amos, the creator of Cookie Kahuna, appeared on Shark Tank in 2016 to pitch his Hawaiian-inspired cookie company. He asked for a $50,000 investment in exchange for 20% equity but left without a deal.
Despite the publicity that he and his new venture received after appearing on the show, Cookie Kahuna went out of business. By 2017, Amos was out of money and had started a GoFundMe page to pay for personal expenses like rent and food.
Amos then tried starting another cookie brand called Aunt Della’s Cookies in 2019, but that project failed to raise money on IndieGoGo. As of June 2022, Amos has been laying low, and social media for both Cookie Kahuna and Aunt Della’s Cookies have not been updated since 2018.
In summary, Cookie Kahuna went out of business after Amos failed to secure an investment from the Sharks on Shark Tank. Amos then tried starting another cookie brand, Aunt Della’s Cookies, but that project also failed.
As of June 2022, Amos has been laying low, and social media for both Cookie Kahuna and Aunt Della’s Cookies have not been updated since 2018.
Cookie Kahuna Shark Tank Table Summary:
|Net worth (2023)||Unknown|
|Valuation (Shark Tank)||$250,000|
|Product||Raw chocolate chip cookies with a twist|
|Business Goal||Compete with big cookie companies|
|Shark Tank Result||No offer from Sharks|
|Bulk Price||$5.99 for a 6-ounce bag|
|Distribution||Physical stores in Hawaii and online|
|Costco||Plans to become the first nationwide retailer|
|Aunt Della’s Cookies||Another cookie brand failed in 2019|
|GoFundMe||Created in 2017 to raise personal expenses|
Cookie Kahuna FAQs
What Is Cookie Kahuna?
Cookie Kahuna is a cookie company that was pitched by Wally Amos, also known as Famous Amos, on Season 8, Episode 3 of Shark Tank. The company was based in Hawaii and used original recipes from the 1970s to make hand-baked, small batches of cookies.
The three primary flavors were chocolate chip, butterscotch macadamia, and chocolate chip pecan. Amos asked for a $50,000 investment in the company for 20% equity but did not receive a deal from any of the Sharks.
Despite the publicity that he and his new venture received after appearing on the show, The Cookie Kahuna went out of business.
After the failure of Cookie Kahuna, Amos started a GoFundMe page to pay for personal expenses like rent and food. He revealed in a YouTube video that he was broke and needed money. Amos shifted his focus to his second cookie brand, Aunt Della’s Cookies.
How Does Cookie Kahuna Works?
The Cookie Kahuna is a cookie company that was pitched by Wally Amos, also known as “Famous Amos,” on Shark Tank in Season 8 Episode 3. The company uses Amos’ original recipes from the 1970s and sells hand-baked, small batches of cookies online from his Honolulu-based bakery.
During his pitch, Amos handed out cookies and milk to the Sharks, who were impressed with the taste but concerned about his numbers. The company was operating on 20% margins and had only made $36,215.97 in sales to date. Amos was seeking $50,000 for 20% of his company.
Unfortunately, Amos did not receive an investment from the Sharks, and the Cookie Kahuna endeavor was unsuccessful. By 2017, Amos was out of money and had started a GoFundMe page to pay for personal expenses like rent and food.
Despite this setback, Amos remains undeterred and continues to pursue his passion for baking cookies.
What Happened To Cookie Kahuna After Shark Tank?
Wally Amos, the founder of Famous Amos Chocolate Chip Cookies, appeared on Shark Tank in 2016 to pitch his new Hawaiian-inspired cookie company, Cookie Kahuna. He asked for a $50,000 investment in exchange for 20% equity but left without a deal.
Unfortunately, without the investment from the Sharks, the Cookie Kahuna endeavor was unsuccessful, and the business went defunct. Amos was selling packaged Cookie Kahuna cookies at Costco stores in Hawaii at the time he appeared on Shark Tank, but his profit margin was low.
In 2017, Amos started a GoFundMe page to pay for personal expenses like rent and food. He revealed that he was broke and needed money.
Despite the publicity that he and his new venture received after appearing on the show, the Cookie Kahuna went out of business. Amos shifted his focus to his second cookie brand, Aunt Della’s Cookies.
In a post-show interview, Amos said that Cookie Kahuna’s exposure to Shark Tank had increased awareness and media attention. Although he did not receive an offer, his Shark Tank experience was satisfying.
What Is The Current Valuation Of Cookie Kahuna?
The current valuation of Cookie Kahuna is unknown as of 2023 since the company went out of business. However, when it appeared on Shark Tank, the company was valued at around $250,000. Before Shark Tank, Cookie Kahuna’s sales were $36,215.
After Shark Tank, Cookie Kahuna observed a rise in sales. Wally Amos, the creator of the company, accepted that Cookie Kahuna and he gained more popularity after Shark Tank.
Although the company went out of business, Wally Amos returned to the original recipes and flavors that people have always loved and started a new cookie business. The new cookie business was briefly featured on Indiegogo in 2019 but was forced to cease operations due to a lack of funds.
Is Cookie Kahuna Still In Business?
No, Cookie Kahuna is no longer in business. Despite appearing on Shark Tank in 2016 and asking for a $50,000 investment, the company was unsuccessful and went defunct. Wally Amos, the creator of Cookie Kahuna, started a GoFundMe page in 2017 to pay for personal expenses like rent and food.
Amos shifted his focus to his other cookie brand, Aunt Della’s Cookies, but that company also went out of business. As of 2022, the net worth of Cookie Kahuna is unknown since the company went out of business.
What is Cookie Kahuna?
Cookie Kahuna is an original cookie company that specializes in vegan-friendly, gluten-free, raw chocolate chip cookies with a twist.
The company plans to take on the big cookie companies by offering customers a better product at competitive prices.
Who is the founder?
Cookie Kahuna was founded by Wally Amos. He is the original founder of Famous Amos Cookies in 1975.
What is his offer on Shark Tank?
He was asking for $50,000 for a 20% stake in the company. The valuation of the company was $250,000.
Did he get the deal?
No, he did not. He walked away without an offer.
Is Cookie Kahuna still in business?
Cookie Kahuna has discontinued operations. Later in life, Wally Amos moved his concentration to his second cookie brand, Aunt Della’s Cookies.
What snack is he known for?
Famous Amos Cookies, an obnoxiously large cookie company from San Francisco, California.
Where is Cookie Kahuna available for purchase?
They are available for purchase via Wally’s Cookie website, as well as through Costco and Amazon.
What are their headquarters?
Their headquarters are located in Honolulu, Hawaii and Los Angeles, California.
What happened to Famous Amos cookies 2021?
Ferrara, a related company of the Ferrero Group, is reimagining its Famous Amos brand for today’s world, the company said.
The brand is keeping its traditional crunchy, bite-size shape while introducing new recipes with premium ingredients.
Are Famous Amos cookies bad for you?
While they may believe they’re doing themself a favor by choosing Famous Amos after all, each cookie is only bite-size four little cookies have 150 calories, 20 grams of (refined) carbohydrates, and 9 grams of sugar.
What is the net worth of Wally Amos?
The net worth of Wally Amos is estimated at $20 thousand.