Go Oats Shark Tank Update | Go Oats after the Shark Tank Pitch
What is Go Oats?
Go Oats are a wonderful blend of oats and milk that have been precisely sweetened and rounded into ready-to-eat bits that can be eaten at any time of day.
Go Oats are created with milk, cane sugar, sweet cream butter, and natural flavours, among other all-natural ingredients.
They are popular among customers of all ages because they do not include any additional preservatives.
Nahum Jeannot, the former head chef, created Go Oats. Nahum is still at the helm of Go Oats today, working hard to turn the company into a national brand.
Nahum ate a bowl of oats for breakfast almost every day of his childhood.
He’s a foodie at heart, having graduated from Walnut Hill College’s Restaurant School in Philadelphia in 2011 and worked as a cook in a variety of capacities.
While working as a chef at a Hyatt Regency hotel in 2015, he created his first oatmeal balls.
He wanted a fun finger breakfast dish, so he took inspiration from his all-time favourite breakfast cuisine.
He thought he’d hit on something great, so he spent the next few years in a commercial kitchen developing the product.
Blueberry, maple brown sugar, cran-walnut, and cinnamon are the four flavours available.
He distributes Go Oats to over 60 Whole Foods Markets in the Midwest and East Coast.
He also sells on Amazon and at Heinen’s markets.
Who founded Go Oats?
Nahum Jeannot is the founder of Go Oats.
What happen to Go Oats at the Shark Tank pitch?
Jeannot just won SCORE DC’s Perfect Product Pitch 2020 competition.
The group coached him for two years, and he credits the experience with helping him build his firm. People adore the product, which has received several positive evaluations.
Now, Jeannot is looking for Sharks assistance in order to take Go Oats to the next level.
Nahum approaches Shark Tank with a $150,000 offer for a 10% stake in his company.
He shares his story as well as his proposal.
The Sharks enjoy the oats when they try them.
Sales in 2017 were only $13,000. They were $57,000 in 2018. By 2019, he was hovering about $54,000-$57,000.
He sells them for $2.66 in shops, $1.35 to create, and $4.99 at retail. That, according to Mark, is insufficient.
Barbara expresses her intentions to make a proposal. Barbara makes a 25% offer of $150,000.
She’ll assist him get into the big box shops if she sells. Nahum is interested in hearing alternative proposals.
Barbara states that she will consider a counter-offer.
He asks if she’ll bring another Shark in, and she responds with a firm “no.” Barbara proposes a 20 percent compromise, but Nahum replies with 15%.
They sealed the transaction.
Go Oats after the Shark Tank Pitch
Barbara’s deal was never completed.
The goods are available nationwide at Costco, Whole Foods, Dawson’s, Gelson’s, Sprouts, and Heinan’s as of July 2021.
According to the website, online sales will be suspended for the summer and resume after Labour Day in 2021. The company’s annual sales might reach $1.2 million.
Go Oats net worth
Go Oats accepted a deal at the Shark Tank that values his business at $750,000.
Go Oats FAQS
Is Go Oats healthy?
Go Oats are as healthy as they are delicious. They are sources of fiber, calcium, antioxidants and protein.
Who is the Go Oats Founder?
Go Oats was created by former head chef, Nahum Jeannot.
Go Oats appeared on Shark Tank on October 23, 2020. Founder Nahum Jeannot secured a deal with Barbara Corcoran at $150,000 for 20%.
Where is go Oats located?
Go oats, is located in Alexandria, VA, United States and is part of the Grain and Oilseed Milling Industry.
What are oats made of?
Oats are grains from the cereal plant, Avena Sativa.
Can Go Oats be microwaved?
Depending on the wattage levels of your microwave you can microwave Go Oats™ for 30-60 seconds.
However for the best experience, pop them in the oven, toaster oven, or air fryer for best results.
What happened to Go Oats after Shark Tank?
Go Oats experienced the Shark Tank boom after the airing of the show in October 2020.
All the flavours were sold out on Amazon, and more orders from their website had to be waitlisted.
Is Go Oats still in business today?
Go Oats is very much still in business today.
How much is Go Oats worth now?
There has not been any update on the current net worth of Go Oats. Go Oats is worth $750,000 after the investment of Corcoran.
What are the Go Oats flavours?
Go Oats is made with milk, cane sugar, sweet cream butter, and natural flavour. The flavours are blueberry, cran-walnut, cinnamon, and maple brown sugar.
Which episode did Go Oats appeared on Shark Tank?
Go Oats appeared on Shark Tank on episode 2 and Season 12.