Go Oats, a Shark Tank product, has achieved significant success since its appearance on the show. With a net worth of $15 million, the company has proven to be a profitable investment. Founded by Chef Nahum Jeannot, Go Oats generates $4 million in annual revenues and boasts a profit of $1.2 million. The company has achieved lifetime sales of $7 million and has established a strong presence in the market, with its products available at popular retailers such as Whole Foods and Costco. Additionally, customers can conveniently purchase Go Oats products online through their website.
One of the Sharks, Barbara Corcoran, recognized the potential of Go Oats and made an investment of $150k for a 20% equity stake. This investment has paid off handsomely for Corcoran, as she has earned $260k from the company. Her 20% stake is now valued at an impressive $3 million. Meanwhile, founder Nahum Jeannot enjoys a successful career with a $100k salary and takes home over $500k in profits each year. He has even treated himself to a new Mercedes AMG and a New York apartment.
Key Takeaways:
- Go Oats, a Shark Tank product, has a net worth of $15 million.
- The company generates $4 million in annual revenues and has a profit of $1.2 million.
- Lifetime sales for Go Oats stand at $7 million.
- Barbara Corcoran invested $150k in Go Oats for a 20% equity stake and has earned $260k from the company.
- The founder, Nahum Jeannot, draws a $100k salary and takes home over $500k in profits each year.
Go Oats Revenues and Expansion
Since its appearance on Shark Tank, Go Oats has experienced significant growth in both revenues and expansion. In its first year of operation, the company generated $13,000 in sales revenues. However, after its successful pitch on the show, Go Oats saw a substantial increase in annual revenues, reaching $70,000. This boost in sales allowed the company to establish a solid foundation for its future growth.
With the support and guidance of Barbara Corcoran, Go Oats has expanded its presence in the market. Currently, the company has established partnerships with over 310 retail stores in North America, including popular outlets such as Whole Foods and Costco. This expansion into retail stores has significantly contributed to Go Oats’ increasing sales and brand exposure.
Moreover, Go Oats is not limiting its growth to North America alone. The company is actively engaged in discussions with global companies to explore opportunities for expansion into 25 countries across Europe and Asia. By exploring international markets, Go Oats aims to tap into a broader customer base and establish a global presence.
| Year | Sales Revenues |
|---|---|
| Year 1 | $13,000 |
| Year 2 (Pre-Shark Tank) | $70,000 |
| Year 3 (Post-Shark Tank) | $500,000 |
| Current Year | $4,000,000 |
The consistent growth in revenues showcases the increasing demand for Go Oats’ products and the success of its expansion efforts. As the company continues to scale and explore new markets, it is poised for even greater success, both domestically and internationally.
Go Oats Founder and Pitch
Go Oats was founded by Nahum Jeannot, a talented chef from Alexandria, Virginia, who saw a need for a convenient and nutritious breakfast option. Jeannot pitched his innovative oatmeal product on Shark Tank, seeking a $150,000 investment in exchange for a 10% equity stake in his company.
Go Oats offers oatmeal in a unique ball format that can be cooked in just minutes, perfect for busy individuals who are always on the go. The Sharks were impressed by the product’s potential and its ability to solve a common problem for breakfast lovers. Barbara Corcoran, known for her keen eye for promising business ventures, made an initial offer of $150,000 for a 25% stake in Go Oats.
After negotiations, the final deal was struck at $150,000 for a 20% equity stake, solidifying Barbara Corcoran’s investment and partnership with Go Oats. With Corcoran’s guidance and expertise, the company has experienced tremendous growth and success in the market.
The Vision: Convenient and Nourishing Oatmeal
Go Oats aims to provide consumers with a hassle-free way to enjoy traditional oatmeal while maintaining a busy lifestyle. The frozen oatmeal balls are made with high-quality ingredients, including steel-cut oats, fresh dairy milk, and natural flavors. This ensures that customers not only benefit from the convenience of the product, but also the nutritional value of the ingredients.
Oatmeal is widely known for its health benefits, being a good source of fiber, vitamins, minerals, and antioxidants. Go Oats strives to offer a delicious and nutritious meal option that caters to the needs of health-conscious individuals. With a variety of flavors available, there is something for everyone to enjoy.
| Go Oats Founder | Nahum Jeannot |
|---|---|
| Go Oats Pitch | $150,000 for a 10% equity stake |
| Go Oats Oatmeal | Frozen oatmeal in a ball format |
Go Oats Product and Benefits
When it comes to breakfast options, Go Oats has revolutionized the oatmeal game with its unique frozen oatmeal balls. Not only does this product offer convenience like no other, but it also boasts a range of nutritional benefits that make it a hit among health-conscious individuals.
Made from quality steel-cut oats, fresh dairy milk, and natural flavors, Go Oats ensures that every bite is packed with goodness. Oatmeal itself is known for its high fiber content, which aids in digestion and helps keep you feeling full for longer. Additionally, it is rich in vitamins, minerals, and antioxidants that contribute to overall well-being.
One of the key advantages of Go Oats is its convenience. The frozen oatmeal balls can be cooked in a matter of minutes, making them a perfect choice for those with busy schedules. Whether you’re rushing off to work or need a quick and nutritious snack, Go Oats has got you covered.
What sets Go Oats apart is its commitment to using quality ingredients. They prioritize sourcing the best steel-cut oats, fresh dairy milk, and natural flavors to ensure that every bite is not only delicious but also nutritious. With a variety of flavors to choose from, there’s something for everyone’s taste buds.
FAQ
What is the net worth of Go Oats?
Go Oats has a net worth of $15 million.
How much do Go Oats generate in annual revenues?
Go Oats generates $4 million in annual revenues.
What is the profit of Go Oats?
Go Oats has a profit of $1.2 million.
What are the lifetime sales of Go Oats?
Go Oats has achieved lifetime sales of $7 million.
Where can I buy Go Oats?
Go Oats is available at Whole Foods and Costco, as well as through online sales on their website.
Who invested in Go Oats on Shark Tank?
Barbara Corcoran invested $150k in Go Oats for a 20% equity stake.
How much has Barbara Corcoran earned from Go Oats?
Barbara Corcoran has earned $260k from Go Oats, and her 20% stake is valued at $3 million.
What is the salary of Nahum Jeannot, the founder of Go Oats?
Nahum Jeannot draws a $100k salary.
What is the recent purchase of Nahum Jeannot?
Nahum Jeannot recently purchased a new Mercedes AMG and a New York apartment.
How much did Go Oats make in sales during its first year?
Go Oats had $13,000 in sales revenues during its first year.
How much did Go Oats generate in annual revenues before appearing on Shark Tank?
Go Oats was generating $70,000 in annual revenues before appearing on Shark Tank.
How much did Go Oats make in sales after appearing on Shark Tank?
After appearing on Shark Tank, Go Oats made $500k in sales during the following year.
How many retail stores does Go Oats have in North America?
Go Oats has expanded its presence to over 310 retail stores in North America.
Is Go Oats planning to expand globally?
Yes, Go Oats is in talks with global companies to expand to 25 countries in Europe and Asia.
Who founded Go Oats?
Go Oats was founded by Nahum Jeannot, a chef from Alexandria, Virginia.
What does Go Oats offer?
Go Oats offers oatmeal in a ball format that can be cooked in minutes and eaten on the go.
What are the ingredients in Go Oats?
Go Oats is made from quality steel-cut oats, fresh dairy milk, and natural flavors.
What are the nutritional benefits of Go Oats?
Go Oats is a good source of fiber, vitamins, minerals, and antioxidants.
What is the focus of Go Oats?
Go Oats aims to cater to the busy lifestyles of consumers who want a healthy and tasty meal option.
Does Go Oats use high-quality ingredients?
Yes, Go Oats focuses on using high-quality ingredients.
What flavors does Go Oats offer?
Go Oats offers a variety of flavors to suit different preferences.