Everything Legendary Shark Tank Net Worth 2023
Everything Legendary is a plant-based burger company that appeared on Shark Tank in 2021. The founders of Everything Legendary, Jumoke Jackson, Danita Claytor, and Duane Myko, asked for $300,000 for a 10% stake in their company.
Mark Cuban offered $300,000 for 22% equity shares. Everything Legendary’s net worth was $1.36 million in 2021. As of 2022, the founders have a net worth of $4.8 million USD.
Everything Legendary closed a $6 million Series A investment round led by CircleUp Growth Partners in 2022. The round also featured investments from General Mills’ venture and innovation arm 301 Inc. and entrepreneur Mark Cuban.
The company plans to use these funds to increase its store footprint and product lines.
Everything Legendary’s burgers and grounds are currently in 1,500 stores, and the company plans to launch in 5,600 grocery stores by the summer of that year.
What is Everything Legendary? Who is the Founder of Everything Legendary?
Everything Legendary is a plant-based meat company that specializes in selling vegan burger patties made with superior ingredients, free of gluten and soy.
The inspiration behind Everything Legendary came from Duane in Washington, DC, whose mother was diagnosed with lupus and switched to a plant-based diet.
However, when she asked for plant-based burgers, Duane found that they lacked flavor and tasted nothing like burgers.
This led him to perfect the recipe for a plant-based burger, and he teamed up with his friend, Chef Jumoke Jackson, to create a flavorful burger that didn’t skimp on taste.
Duane is passionate about providing his family with wholesome and healthy options, which is why he started cooking at the age of 26 and developed plant-based meat patties after reading about low-calorie, low-carb diets.
With Jumoke’s culinary expertise and Danita’s commitment to healthy eating, Everything Legendary developed its Classic burger patties and plant-based ground beef, which quickly became popular after being sold at pop-up stores and street festivals.
The company, which is black-owned and started by graduates of HBCUs in Hyattsville, Maryland, has stayed true to its goal of creating soy- and gluten-free burgers that are both healthy and flavorful.
With its great demand in the market, Everything Legendary has become a profitable business, although it frequently runs out of stock due to its popularity.
Everything Legendary Shark Tank Pitch
The entrepreneurs behind Everything Legendary presented their business to investors on Shark Tank with the hope of gaining support to expand their plant-based burger company. They requested a $300,000 investment for a 10% stake in the business, which was valued at $3 million.
The Sharks were impressed with the taste of the burgers and the fact that each burger only contained 250 calories.
The founders explained that the burgers were made from hemp protein, coconut oil, potato starch, and beet extract, along with various spices and a house-made broth. They emphasized that their burgers were not only tasty but also healthier than traditional burgers.
The founders also revealed that their business was impacted by the COVID-19 pandemic in 2020, causing them to shift their focus to eCommerce and nationwide distribution. They were seeking assistance with digital marketing to help them grow their customer base.
The Sharks were initially hesitant to invest in a frozen food company, but Mark proposed a new business model. He suggested using cloud-based kitchens for local delivery rather than relying on frozen food.
Mark offered $300,000 for a 25% stake in the company, but the founders negotiated and settled on $300,000 for a 22% stake.
Since their Shark Tank appearance, Everything Legendary has collaborated with a co-packer and can now produce up to 400,000 burgers per day.
Their products are sold in hundreds of grocery stores across the United States, including Target, Safeway, and Ralphs. The company is projected to have revenue of $10 million in 2021.
Competitors of Everything Legendary
The firm also serves as an active competitor to brands like Tyson Foods and Impossible Foods.
Net Worth of Everything Legendary
The company’s Net Worth is $1.36 Million.
Everything Legendary Shark Tank Updates
Everything Legendary is a vegan-friendly meat-free burger business that appeared on Shark Tank Season 12 Episode 15. The business was founded by Jumoke Jackson, Danita Claytor, and Duane Myko in 2019.
During their appearance on Shark Tank, they asked for $300,000 for 10% equity and landed a deal with Mark Cuban for $300,000 for 22% equity. The sharks declared Everything Legendary one of the best meat-free burgers on the market.
After their appearance on Shark Tank, Everything Legendary partnered with a co-packer that allows them to produce up to 400,000 burgers a day.
Everything Legendary has been successful since its appearance on Shark Tank. They made $250,000 in sales just a day after their episode aired. By four months after the episode aired, Everything Legendary had sold $1.7 million worth of burgers.
In February 2022, just a year after appearing on Shark Tank, Everything Legendary closed $6 million in Series A funding. They were being sold in over 1500 stores, including Target and various supermarkets, as of winter 2022.
The company has plans to increase its retail presence and launch its product in nearly 5,500 stores in 20224. They predict they will reach $28 million in sales by 2022.
Everything Legendary Shark Tank Net Worth and Updates
| INFORMATION | DETAILS |
| Company Name | Everything Legendary |
| Founders | Jumoke Jackson, Danita Claytor, and Duane Myko |
| Shark Tank Appearance | Season 12 Episode 15 |
| Shark Tank Investment | $300,000 for 22% equity from Mark Cuban |
| Net Worth in 2021 | $1.36 million |
| Current Net Worth | $4.8 million |
| Latest Funding Round | $6 million Series A investment led by CircleUp Growth Partners |
| Investors | General Mills’ venture and innovation arm 301 Inc. and entrepreneur Mark Cuban |
| Product | Plant-based burger patties made with superior ingredients, free of gluten and soy |
| Distribution | Currently in 1,500 stores, plans to launch in 5,600 grocery stores by summer 2023 |
| Revenue Projection | $28 million in sales by 2022 |
Everything Legendary FAQs
What Is Everything Legendary And How Does It Work?
Everything Legendary is a plant-based burger company that was founded by Duane Cheers, Danita Clayton, and Chef Jumoke Jackson.
The company’s mission is to create a healthy lifestyle for families by producing delicious plant-based burgers that nourish the body and feed the soul.
The Legendary Burger is their first product, made of hemp protein but tastes just like beef. It is also soy and gluten-free. The burgers are formulated by an actual chef dedicated to providing tasty meat-free options.
Everything Legendary burgers and ground are made in a kitchen, not a lab, providing customers with the plant-based options they want and the flavor they’ve been missing.
The company has partnered with a co-packer that allows them to produce up to 400,000 burgers a day. As of winter 2022, they were being sold in over 1500 stores including Target and various supermarkets.
The company has plans to increase their retail presence and launch their product in nearly 5,000 stores. Everything Legendary is a black-owned business that started a revolution by adding flavor to plant-based products.
What Is The Main Ingredient In Everything Legendary Burgers?
The main ingredient in Everything Legendary burgers is pea protein. The burgers are also made with expeller-pressed coconut oil, canola oil, and a seasoning blend that includes potato starch, nutritional yeast, garlic powder, garlic salt, hemp protein powder, cultured dextrose, beet powder, spices, basil, and lemon oil1. The burgers are vegan-friendly and soy-free.
Who owns?
The company was founded by Chef Duane Cheers.
What Was The Outcome Of The Everything Legendary Shark Tank Pitch?
During their appearance on Shark Tank Season 12 Episode 15, Everything Legendary asked the sharks for $300,000 for 10% equity, and their valuation was reported at $3 million.
After some negotiation, the new business owners struck a deal with Mark Cuban for $300,000 for 22%. Since then, the company has closed a $6 million Series A funding round led by CircleUp Growth Partners, with existing investors Mark Cuban and General Mills participating in the funding.
The funds have been earmarked for ambitious growth plans that include increased retail presence and 600 more locations. Thanks to the funds from Mark Cuban, the Everything Legendary team was able to expand its production capacity to meet the instant increase in online sales after the show aired.
They now work alongside a co-packer that allows them to produce up to 400,000 burgers a day. The company is still going strong and being sold in over 1500 stores, including Target and various supermarkets.
What Happened To Everything Legendary After Its Appearance At The Shark Tank?
After appearing on Shark Tank, Everything Legendary closed a deal with Mark Cuban for $300,000 for 22% of their business.
Thanks to the funds from Mark Cuban, the company was able to expand its production capacity to meet the instant increase in online sales after the show aired. They now work alongside a co-packer that allows them to produce up to 400,000 burgers a day.
The company has also closed $6 million in Series A funding and sold $1.7 million worth of burgers. They are still going strong and being sold in over 1500 stores, including Target. Mark Cuban has been a great mentor who gives them great information and advice.
The company’s mission is to produce the best gourmet plant-based meat alternatives in the world and to get them into as many hands as possible.
What is their offer on Shark Tank?
They were seeking for $300,000 for 10% stake of their business at value of $3 million.
Did they get an offer?
Yes, they did get an offer from Shark Mark Cuban at the cost of $300,000 for 22% stake in the business. But the formal agreement was never finalized.
Is everything legendary still in business?
The firm is still operating today, with its headquarters in Maryland’s Prince George County region, and has subsequently increased its personnel.
How do you make everything legendary?
Preheat the burner or preheat the grill to a medium/high setting. Lightly cover a nonstick skillet with cooking spray or VEGAN BUTTER. Grill or sauté frozen patties.
Cook for approximately 3-1/2 minutes on each side, or until the exterior is browned (the internal temperature should reach 165 degrees.
What are beyond burgers?
The Beyond Burger is a plant-based burger that is supposed to resemble beef in appearance, texture, and flavor.
It has all of the juicy, meaty delectability of a typical burger, but with the added benefit of being a plant-based meal.
The Beyond Burger has 20g of plant-based protein and is free of genetically modified organisms, soy, and gluten.
Is everything legendary burger vegan?
Apart from being entirely plant-based, the burger is also soy- and gluten-free.
The Legendary Burger is available in four varieties: the standard burger, a cheddar cheese burger, a cayenne pepper cheese burger, and a pepper jack cheese burger – all vegan cheeses, of course.
How does Everything Legendary taste?
Everything Legendary is a vegetarian and vegan burger with a taste and texture that will satisfy meat lovers. When you take a bite of the Burger, it tastes like real meat.
It is so good; you will not even notice it is plant-based. The Classic patty has 250 calories, 15 grams of protein, and 3 grams of fat but no cholesterol or lactose.
Plant-based burgers can be made to taste just like meat patties do.
Who is their biggest competitor?
Different competitors in their industry iinclude Tyson Foods, Hormel Foods, and Impossible Foods.
What is their net worth?
The net worth of Everything Legendary is $1.36 Million in 2021.
How many people are there?
The company has around 6 employees.
What is the revenue?
Everything Legendary is currently valued at $10 million in 2021, and the firm has over 300 locations where all burgers are made. This should be attained during 2021.
Did Everything Legendary change the way they do business?
Yes, the company has changed their business structure since it aired on Shark Tank after being mentored by one of the famous Sharks.
What is the Net worth of Duane Cheers?
Duane Cheers net worth is unknown.
