Granola Gourmet Shark Tank Update | Granola Gourmet after the Shark Tank Pitch
What is Granola Gourmet?
Granola Gourmet energy bars have a low glycemic index. They are intended for diabetics, but because to their low sugar content, they are also popular with athletes and people looking to maintain a healthy lifestyle while snacking.
Brownie, Chocolate Espresso, Spiced Orange Cranberry, and Very Berry are the four flavours available.
The founder of Granola Gourmet, Jeff Cohen, resides in Stevenson, California. He has two boys and has been married for twenty years.
Jeff Cohen has been a diabetic for over fifteen years and claims that it is nearly hard to locate snacks that taste nice yet do not increase his blood sugar.
Jeff Cohen and his family have developed a concept for a nutritious, gourmet diabetic product that is suitable for everyone interested in living a healthy lifestyle.
Jeff Cohen asserts that he has put a significant portion of his family’s hard-earned money in this venture.
Additionally, he claims that his ambition as an entrepreneur has always been to create a product that everyone would enjoy and bring it to the general market.
His entire family is invested in his firm, and he is determined not to disappoint anyone.
Jeff Cohen asserts that his firm is at peril if he does not obtain investment capital from the Sharks.
Who Founded Granola Gourmet?
Jeff Cohen.
What happen to Granola Gourmet at the Shark Tank Pitch?
Cohen appears on Shark Tank in search of a $175,000 investment in exchange for a 25% stake in his firm.
This equates to a $700,000 value. He distributes samples of his granola bars to the Sharks while explaining the procedures he and his family used to develop the product.
He generates laughter when he adds that his wife paid him the “ultimate praise” by stating that the fruit-flavoured snacks are “okay.”
The Sharks unanimously agree that the bars are delectable.
Cohen continues by stating that he has gained access to 90% of Whole Foods Markets in Southern California, 24 locations with monthly sales of $8,000-10,000.
Robert Herjavec appreciates Granola Gourmet’s presence at Whole Foods, but he wants to know why Cohen hasn’t taken the product national with Whole Foods in order to grow the business.
Cohen admits that financial flow has been difficult and discusses his previous bankruptcy.
Kevin O’Leary has reservations about the business’s $700,000 indicated valuation in the $175,000 investment proposal.
Kevin Harrington asserts that the granola industry is a me-too business, meaning that there are already a large number of individuals attempting to get into it, and that he is exiting.
Daymond John admits that he did not appreciate the granola bars and exits.
Barbara Corcoran explains that Jeff Cohen will require a significant amount of more capital to make his firm profitable, and because she is unwilling to commit that kind of money, she is out.
Kevin O’Leary concurs, describing Cohen as “radioactive” as a result of his bankruptcy. He has departed.
Robert Herjavec reveals that he is concerned about Cohen’s lack of emphasis on expanding his Whole Foods offer; he is out, and Cohen exits the Shark Tank without a deal.
Granola Gourmet after the Shark Tank Pitch
Cohen may have exited the Shark Tank without securing a partner, but he did not surrender. He then attracted other investors, and the firm proceeded to expand.
Granola Gourmet now has a distribution network of over 600 retail locations nationally. O
The firm persisted and, although initially failing to land a transaction, received an update section in season two, episode 202.
While Kevin O’Leary may have felt Cohen was “radioactive” as a result of his bankruptcy, his success implies that the setback, like a blast of gamma in a superhero film, imbued Cohen with the personal force necessary to succeed.
Granola Gourmet is now available at shops nationwide, including Safeway, Vons, Whole Foods Market, and Amazon.com.
After 2016, things began to go apart for this business.
While Cohen continues to represent the firm as open on his LinkedIn profile in July 2021, the website is a nonsensical jumble, and the company’s social media accounts have been inactive since 2013. They are also not to be found online or in stores.
Granola Gourmet Net Worth
Cohen appears on Shark Tank in search of a $175,000 investment in exchange for a 25% stake in his firm. This equates to a $700,000 value.
Granola Gourmet Competitors
Jeff would have faced competition from the likes of Laura’s Gourmet Granola had he continued.
Granola Gourmet FAQS
What is Granola Gourmet?
Granola Gourmet energy bars have a low glycemic index.
They are intended for diabetics, but because to their low sugar content, they are also popular with athletes and people looking to maintain a healthy lifestyle while snacking.
Brownie, Chocolate Espresso, Spiced Orange Cranberry, and Very Berry are the four flavours available.
Who is the owner of Granola Gourmet?
Jeff Cohen founded Granola Gourmet in 2006.
Did Granola Gourmet Go out of business?
Granola Gourmet has been withdrawn off the market.
How much was Granola Gourmet worth?
Granola Gourmet was valued at an estimated $700,000 by the sharks.
How was Granola Gourmet financed?
Granola Gourmet appears to be a self-financed business.
Where is Granola Gourmet manufactured?
Granola Gourmet is manufactured in Santa Clarita, California
What are the products included in Granola Gourmet?
The granola bars are 100% natural, gluten-free, and low glycemic. They have no added sugar and can be used as a snack or meal replacement.
Why does Granola Gourmet employ products with a low glycemic index?
Foods having a low Glycemic Index release carbs and glucose into the bloodstream more slowly, hence maintaining a more stable blood sugar level.
Elevated blood glucose levels might result in hormonal and metabolic changes that can have a detrimental effect on one’s health.
How much fat do Granola Gourmet bars have?
4.5 Or 6 grams per bar, the majority of which comes from flaxseeds, almonds, sunflower seeds, and olive oil.
Is dairy included in their bars?
No.
Is dairy included in their bars?
No.
Is their product wheat-free?
No, the Granola Gourmet Energy Bars include oats, not wheat.
Is the product gluten-free?
Yes, Oats and Wheat are produced in the same fields, and as a result, Oats may become contaminated with wheat gluten.
Is this a protein bar?
This is not a candy bar; this is an energy bar.
They have made a concerted effort to provide the highest-quality product possible that will not cause their blood sugar to increase.
The majority of protein bars are loaded with sugar, fat, and salt.
What are Weaknesses of Granola Gourmet?
If they are looking for a more filling, protein-filled, breakfast bar, they may not find one with this product. It is currently being marketed to athletes, including those who are diabetic.
Is Granola Gourmet healthy?
Yes, they are made with all natural ingredients. The granola bars are gluten-free and low glycemic, and they contain no dairy or high fructose corn syrup.
What is the net worth of Jeff Cohen?
Unknown.
