Custard Stand Hot Dog Chili Shark Tank Update | What Happened Custard Stand Hot Dog Chili after Shark Tank?
What is Custard Stand Hot Dog Chili?
Custard Stand Hot Dog Chili is a firm that creates 100% ground beef using a century-old family recipe, a secret combination of spices, and high-quality ingredients.
Custard Stand Hot Dog Chili is a meat-based hot dog topping (no beans) in the manner of Coney Island Sauce (or, depending on where you live, a Michigan sauce or a Texas Weiner sauce).
A classic West Virginia hot dog consists of a wiener (or frank) on a steamed bun with chili, coleslaw, onions, and mustard; some people also add cheese.
Custard Stand Food Products may be too mild for certain West Virginia hot dog connoisseurs, but it’s better to be too mild than too spicy: you can always spice something up – you can’t spice it down!
Who is the founder of Custard Stand Hot Dog Chili?
Custard Stand Hot Dog Chili was founded by Dee and Angie Cowger, husband and wife. In 1991, the Cowgers launched their first hot dog business, The Custard Stand.
They’d been serving hot dogs and ice cream in Webster Springs, West Virginia, for over a decade, and their family recipe chili sauce was a big favorite with customers.
Following years of consumer demands, the Cowgers began packaging and selling their chili in 2003 from a car wash behind their stand, which they later transformed into a USDA-approved manufacturing facility.
Since then, they’ve added a second shop in Flatwoods, WV, and have a franchisee running four more stores in Danville, Elkins, Mannington, and Oak Hill, WV.
Their business is expanding on both ends: their chili can be found in 15 states across the Midwest and southern east coast at Kroger, Wal-Mart, Sam’s Club, IGA, and dozens of mom and pop businesses. They also sell their chili to other restaurants.
What Happened to Custard Stand Hot Dog Chili at Shark Tank pitch?
When Dee and Angie Cowger pitch in Shark Tank’s “Made in America” special, episode 718, they hope the Sharks appreciate Custard Stand Food Products, their brand of all-beef chili and chili soup.
The Cowgers wanted a Shark to help them develop their production capability (now 4000 pounds per day) and become a national brand.
Dee and Angie begin with a section at home. They were high school sweethearts, and they have three children, one grandchild, and two more on the way.
The Custard Stand first opened its doors 24 years ago. Customers enjoy the place’s homey atmosphere. Their most popular product is the chili. They want the Sharks’ investment to be a national enterprise.
The pair entered the Shark Tank pitch seeking $400,000 for a 10% stake in their firm, which worth $4 million.
They describe their restaurant’s history. The most popular items are chili dogs. Angie’s grandmother gave her the recipe. There are no fillers or chemicals, and Angie claims that “you can pronounce every single component on the packaging.”
They offer out chili and explain that it doesn’t have beans, but the chili soup does, and it’s hotter. They made $1.6 million in a year and made $217,000 profit by selling at regional retailers. They have a localized product, but they aspire to be a national brand.
Daymond enjoys the chili but is concerned about the $400,000 price tag. He claims that in order to maintain the integrity of their product, they must do Rand D, open stores, and market. He believes that $400,000 is insufficient. He’s out.
When the Cowgers explain that they are in debt for $700,000, the Sharks lend them money. The shop is responsible for $300,000 of the debt, while the chili business is responsible for $400,000 of the debt.
Lori says they’re doing a fantastic job, but she prefers spicy chili, so she’s out.
Robert believes they’re killing it, but it’ll be difficult to roll it out nationally; he’s out. Kevin claims that a major player would pay $1 million for their company; he believes it isn’t worth $4 million, therefore he’s out.
They are multimillionaires, according to Mark, and everyone wants to be “that couple.” Mark applauds, but there are too many moving pieces for him to stay.
In his final words to the Cowgers, he says, “you are everything that everyone who watches this program hopes to be.” They are disappointed in the hall, but they believe they will take strength from it. Finally, the pair left the pitch without a deal.
What Happened Custard Stand Hot Dog Chili after Shark Tank?
While the Sharks did not bite, the show’s impact on Custard Stand Food Products, as well as the outpouring of support, has been incredible.
More than 200 people gathered at The Custard Stand’s Webster Springs location to see the show with the Cowgers.
Thousands of people called, texted, emailed, and commented on social media to express their support. The best part is that online sales have soared by 5,000% (and counting!).
This company is still in operation and generates $15 million in sales per year as of January 2022.
Net Worth of Custard Stand Hot Dog Chili
The company valuation was $4 million during and after the pitch, since then the company have been doing well in sales with annual revenue of $15 million as of January 2022 and hence the company net worth should be way over $4million.
Custard Stand Hot Dog Chili FAQs
What is Custard Stand Hot Dog Chili?
Custard Stand Food Products is based in Webster Springs, WV. They sell their proprietary chili sauce and chili soup year-round in the mid-Atlantic, southern east coast, Ohio Valley and southern Midwest regions of the country.
Who is the founder?
Dee and Angie Cowger are in charge of developing the Custard Stand Food Products.
How much were they seeking on Shark Tank?
They were seeking for $400,000 for a 10% stake in their company, which was valued at $4 million.
Did they have the deal?
No, they did not have a deal with any Shark Tank investor.
Is Custard Stand Hot Dog Chili still in business?
Yes, Custard Stand Hot Dog Chili is still in business and earning $15 million annually.
Where is Custard Stand Hot Dog Chili located?
Custard Stand Hot Dog Chili is based in Webster Springs, WV.
Is Custard Stand Hot Dog Chili for sale?
No, the company is not for sale.
What is Custard Stand Hot Dog Chili’s revenue?
The company generates $15 million in sales per year as of January 2022.
What is Custard Stand Hot Dog Chili’s business?
They manufacture and sell their all-beef chili and chili soup nationally. Their sauce was originally a regional product, but now it is available in fifteen states across the Midwest and southern east coast. They also sell their products to other restaurants.
How much Custard Stand Hot Dog Chili ingredients?
Ingredients: Beef, water, soybean oil, vinegar, salt, onion powder. No beans or fillers!
What is the Web Address of Custard Stand Hot Dog Chili?
Custard Stand Hot Dog Chili website is http://CustardStand.com.
Where does Custard Stand Chili get its flavor?
Their family recipe, made in the heart of West Virginia, includes a secret combination of spices and high-quality ingredients. The Custard Stand Hot Dog Chili has no Tran’s fats, gluten, or fillers. There are no extra ingredients or preservatives. They’ll also recognize all of the components.
How long does Custard Stand Chili last?
Our hot dog chili is microwaveable or may be simmered in a saucepan on the stove. Thawed for 60 days; frozen for up to 2 years.
What is the amount of Chili in a Hot Dog?
Each hot dog is topped with around 2 tablespoons of chili, thus 14 cup chili is needed per person. That’s around 12.5 cups of chili for a gathering of 50. (Or this recipe multiplied by 3).
They’ll need around 24-25 cups of hot dog chili sauce to feed 100 people (multiply this recipe by 6).
Is Stand Hot Dog Chili good for health?
Absolutely, it has no preservatives! And it tastes great!
How many calories in Stand Hot Dog Chili?
It’s has 860 per cup (4 tablespoons) for a single serving. For a party of 100 people, this recipe could be multiplied by 3 and would serve each person 8 quarts.
Is Custard Stand Hot Dog Chili vegan and vegetarian?
Yes, this product is vegan.
What is the net worth of Dee Cowger?
Dee Cowger net worth is not available.
What is the net worth of Angie Cowger?
Angie Cowger net worth remains unknown.