Heidi Ho Shark Tank Net Worth 2023
Heidi Ho Shark Tank Net Worth
Heidi Ho’s founder Heidi Lovig has a net worth of 8 Million USD as of 2023. In November 2014, she appeared on Shark Tank and sought an investment of $125,000 in exchange for 25% equity in her company.
Lori Greiner offered the full amount in exchange for 30% equity.
Since appearing on Shark Tank, Heidi Ho’s sales have skyrocketed from $140,000 in the 12 months prior to the show to $750,000 in the four months since it aired.
The company is now profitable both in terms of units sold and revenue, and its valuation has increased from $500,000 at commencement to 8 Million USD as of 2023.
What is Heidi Ho? Who is the Founder of Heidi Ho?
Heidi Ho is a cheese alternative made entirely from plants, created by culinary entrepreneur Heidi Lovig to address a perceived issue with vegan cheese products.
Along with her partner Lyssa Story, Lovig founded Heidi Ho in 2011, and since then, its popularity has grown exponentially.
The product is also gluten-free, soy-free, and corn-free, and contains a purée made from Chia seeds and hazelnuts, as well as red potatoes, red bell peppers, carrots, onions, and cashews.
Heidi Ho was born out of Lovig’s desire to fill a void in the market for vegan cheese. She realized that many vegans, including herself, were dissatisfied with the replacement cheese options available on the market.
As a Cordon Bleu-trained chef, Lovig spent time in Hawaii honing her vegan cooking talents and believes in using locally obtained, sustainable, and organic ingredients in her cuisine, especially in Heidi Ho cheese.
Lovig got the idea for vegan cheese while working as a vegan consultant at a restaurant in the Portland region, where she found the cheese options to be unappealing due to their high carb and oil content.
She set out to develop all-natural vegan cheeses that tasted wonderful and created a range of Heidi Ho cheeses, including Chia Cheese Sauce, Spicy Chia Cheese, Feta Crumbles, Smoked Gouda, and Monterrey Jack.
All Heidi Ho cheeses are soy-free, gluten-free, dairy-free, and corn-free, making them suitable for vegetarians, lactose intolerant individuals, and those with gluten sensitivities.
Today, Heidi Ho cheeses are available at major retail stores across the nation, including a handful of Whole Foods shops in the western United States and other independent health and natural food stores.
Heidi Ho at Shark Tank pitch?
Heidi, an entrepreneur, was looking for Shark Tank investors to help her expand distribution and fund her company’s development.
During her pitch, she requested $125,000 in exchange for a 20% stake in her $625,000 valued company.
She talked about the importance of genuine cheese and demonstrated how she prepared her product, Heidi Ho, which the Sharks enjoyed.
Heidi had sold $140,000 in the previous year, but needed the Sharks’ help to grow her business further. She revealed that her product was part of her Whole Foods plan.
Lori was impressed with Heidi’s product and offered $125,000 for 30% ownership of the company, which was valued at $416,667. Kevin left the deal, but Lori allowed Heidi to consider other offers at her own risk.
Mark, Barbara, and Robert also declined the offer. Eventually, Heidi accepted Lori’s deal, and the transaction was successfully finalized. After the show, Heidi Ho’s sales skyrocketed to $750,000 in just four months.
Heidi expanded her store distribution, and her product is now available in over 500 Whole Foods Market locations.
She also added new items to her collection, including Beer Cheese, Smoky Bourbon Dip, and Queso. Heidi purchases her cheese from Costco in the Pacific Northwest and also manufactures private label items.
The company received an undisclosed investment from Blue Horizon, a plant-based food business investor, and has annual sales of $5 million as of 2021. Lori admires Heidi’s work ethic and social conscience, and the company continues to thrive.
Competitors of Heidi Ho
The Nutrition Group, SAGE, Ter Beke, and Ben & Jerry’s are just a few of Heidi Ho’s major competitors.
Net Worth of Heidi Ho
During the pitch the company valued at $625,000 and after they made a lot of sales the company has a net worth of 8 Million in 2021.
Heidi Ho FAQs
What is Heidi Ho?
Heidi Ho is a plant-based cheese alternative. The creation of culinary entrepreneur Heidi Lovig, who sought to address a perceived issue with vegan cheese products.
Heidi Ho is an all-natural plant based cheese that looks and tastes like cow’s milk cheese.
Who is the founder?
Heidi Ho was founded out of a desire to address a void in vegan cheese that culinary expert Heidi Lovig aimed to fill. Heidi has been offered at the nation’s major retail businesses.
What is her offer on Shark Tank?
Heidi was looking for $125,000 for a 20% stake in her company, which was valued at $625,000.
Did she get the deal?
Yes, Lori made an offer of $125,000 for 30% stock shares, which was accepted.
Is still in business?
Heidi Ho is still making sales.
Does it really taste like cheese?
Heidi Ho is an all-natural plant based cheese that looks and tastes like cow’s milk cheese. The creation of culinary entrepreneur Heidi Lovig, who sought to address a perceived issue with vegan cheese products.
Where does Heidi Ho sell?
Heidi sends out samples of her product on national endorsement tours to Whole Foods, health food stores, wine stores etc. She also has her own website.
Is Heidi Ho vegan?
Heidi Ho is a vegan product that does not contain any dairy products or animal byproducts. The only ingredient in it is soy flour, which produces a delicious tasting cheese.
What is the Net worth of Heidi Ho?
In 2021, Heidi Ho is valued at $8 Million in 2021.
Can you buy it online?
Heidi’s product can still be purchased online through their website at heidischeese.com. It is available in three sizes; Regular ($3.49), Large ($5.29), and Jumbo ($8.19).
Is it profitable?
Heidi Lovig is a fully incorporated company with profit margins in the 30% range.
Is it expensive?
Heidi’s company produces high quality, all-natural plant based cheese that is tasty and tasty. It is priced at $3.49, $5.79 and $8.19 for the three sizes of their product; Regular, Large, and Jumbo respectively.
What is the marketing strategy?
Heidi has been sending samples to Whole Foods and Madison Avenue for endorsement, as well as appearing on TV shows.
Are there any companies that are similar to Heidi Ho?
The Nutrition Group, SAGE, Ter Beke, and Ben & Jerry’s are just a few of the companies that compete with Heidi Ho.
What is their business plan?
Heidi has a plan to expand distribution of her product throughout the country. Once consumers sample the product, they become enthused and begin purchasing it regularly.
How do I pay?
Customer can pay using credit cards, PayPal, Apple Pay and Amazon Payments.
Is Heidi Ho a scam?
Heidi Ho is a real company that really makes cheese. It is a unique, all-natural plant based cheese. When prepared properly, it tastes like dairy cheese and provides the same texture.
The main ingredients in the product are soy flour, water and oil.
What is the net worth of Heidi Lovig?
Her net worth is unknown.
