Roll Shark Tank Net Worth 2023 | Roll Shark Tank Updates

How Do You Roll Net Worth

To roll net worth, you need to have a minimum net worth of $500,000. How Do You Roll? is a sushi franchise that requires a minimum net worth of $500,000 to buy into. The franchise costs between $200,000 and $1,000,000 to start.

Yeun Yung and his brother Peter Yung founded How Do You Roll? in 2008. They appeared on Shark Tank in 2013 and received an offer from Kevin O’Leary for $1 million for a 20% stake in their business. However, the deal collapsed.
After appearing on Shark Tank, How Do You Roll? experienced a surge in popularity. The company was able to use this newfound popularity to expand its menu offerings based on customer input.

As of April 2016, the company operated fifteen locations across Texas, Arizona, California, North Carolina, and Florida. However, the brothers sold their business to a private restaurant company in 2015 and appear to have ceased operations as of August 2021.

What is How Do You Roll and Who is How Do You Roll’s founder?

How Do You Roll is a fast-casual sushi brand that originated in Austin, Texas. It opened its first store in October 2008 and began offering franchises in early 2010. The company specializes in custom-made maki rolls, using a variety of meats, seafood, veggies, and fruits as fillings.

Additionally, they offer white and brown rice, eight house-made sauces, and six garnishes. The company also provides other dishes such as seaweed salad, cucumber salad, squid salad, edamame, and miso soup.

The company’s goal is to provide high-quality, convenient, and affordable cuisine, which they achieve through the use of specialized make machinery to mix, press, and cut the rolls. Customer feedback has led to the inclusion of items such as brown rice and sake on the menu.

As of April 2016, How Do You Roll had fifteen locations in Texas, Arizona, California, North Carolina, and Florida. In June 2015, the company was purchased by a private restaurant company.

The founders of How Do You Roll is Yuen Yung and his brother Peter Yung. Yuen holds a finance degree from the University of Texas in Austin and previously worked as a partner at the financial services firm Kenty, Yung, Ozias & Associates.

Peter, on the other hand, began his career in the food industry at the age of eight, working in his parents’ restaurant after school. He became an expert in Japanese food and worked as the Head Sushi Chef at Houston’s Azuma Restaurant before launching How Do You Roll.

The first How Do You Roll location was initially called Maki, but it was renamed in September 2009. Yuen and Peter Yung still run Maki Maki, L.L.C. as a provider of training, equipment, and supplies to franchisees.

How Do You Roll Shark Tank Pitch

During Season 4, Episode 16 of Shark Tank, Yeun and Peter Yung pitched their business with hopes of obtaining a $1 million investment in exchange for a 12% stake in their company, valuing it at $8.3 million.

How Do You Roll is a sushi restaurant that allows customers to customize their sushi and also offers “featured rolls.” The brothers started with one restaurant in Austin, Texas, and have since opened 15 locations and sold 40 franchises.

The sharks were interested in the company’s cash flow, with Yeun revealing that they earn $250,000 annually from franchise royalties alone, and their corporate store generates around $1 million in revenue each year. The cost for a franchise ranges between $250,000 and $300,000, with franchisees paying a 7% annual fee.

Mark Cuban was not interested in investing, while Daymond John felt that the profit on sushi sales would be too low. Robert Herjavec did not fully understand the food model and believed he could not assist the company. Barbara Corcoran found the presentation to be a bit too formal for her taste and chose not to invest.

Kevin O’Leary made an offer of $1 million for a 22% stake in the company, with a portion of franchise royalties going to the brothers and himself.

Yeun attempted to negotiate down to a 15% stake, but O’Leary settled on 20% for his $1 million investment. The brothers agreed to the deal, but after several months of negotiations, the deal fell apart, and O’Leary withdrew his offer.

The brothers sold their company to a private restaurant company in 2015. As of August 2021, it appears that the company has ceased operations.

What is the Net Worth of How Do You Roll?

Yeun and Peter Yung, brothers, appeared on Shark Tank with the aim of securing a $1 million investment in exchange for a 12% stake in their business.

This implies a worth of $8.3 million.

They accepted an offer from Kevin of $1 million for 20% stake which brings valuation to be 5 million.

Current valuation is unavailable since they are out of business.

Who were the Competitors of How Do You Roll?

There are many more sushi brands like Maki Fresh, and Wasabi Sushi that were competing with How Do You Roll.

How Do You Roll Shark Tank Updates

How Do You Roll is a fast-casual sushi restaurant that appeared on Shark Tank in 2013. The founders, brothers Yuen and Peter Yung, asked for a $1 million investment in exchange for 12% equity in the business.

Kevin O’Leary was interested in the company’s cash flow, which was expected to be around $250,000 per year from franchise royalty payments. However, the deal with O’Leary never went through because he suggested creating a board of directors for the company, which Yuen rejected.

After appearing on Shark Tank, How Do You Roll experienced a surge in popularity. However, the deal with O’Leary fell apart, and the company did not fare well after the show.

As of 2023, there is no information on the current status of How Do You Roll. Shark Tank Tales, a website that tracks the progress of Shark Tank companies, does not have any updates on How Do You Roll.

Roll Shark Tank Table Summary:

TOPIC	INFORMATION
Minimum Net Worth for Franchise	$500,000
Franchise Costs	Between $200,000 and $1,000,000
Founders	Yeun Yung and Peter Yung
Specialization	Custom-made sushi rolls
Menu	Meat, seafood, veggies, fruits, rice, sauces, garnishes, and other dishes
Number of Locations (April 2016)	15
Sold to Private Restaurant Company	2015
Shark Tank Investment Offer	$1 million for a 20% stake
Valuation Based on Shark Tank Offer	$5 million
Competitors	Maki Fresh, Wasabi Sushi
Current Status	Ceased Operations as of August 2021

How Do You Roll FAQS

What is How Do You Roll Shark Tank?

How Do You Roll is a franchise chain of custom-made sushi restaurants that allows visitors to customize their sushi, which is made fresh.

The restaurant offers “featured rolls” in addition to the customizable options. The company was founded by brothers Yeun and Peter Yung, who grew up working in their parents’ restaurant.

They appeared on Shark Tank in season 4, episode 16, in hopes of landing a $1 million investment in return for 12% of the company.

During their pitch, the brothers explained that their restaurant aimed to solve the traditional problems that faced customers hoping to pick up a quick sushi meal. They received an offer from Kevin O’Leary, who was interested in the company’s cash flow.

However, the deal never went through as Yuen rejected O’Leary’s suggestion to create a board of directors for the company. Despite this setback, How Do You Roll continued to expand and had 15 locations in Texas, Arizona, California, North Carolina, and Florida as of 2013.

As of 2023, it is unclear what happened to How Do You Roll after their appearance on Shark Tank. However, the company’s website is still active and lists several locations in Texas.

 

How Does How Do You Roll Shark Tank Works?

How Do You Roll is a fast-casual sushi restaurant that appeared on Shark Tank in 2013. The founders, brothers Yuen and Peter Yung, aimed to create a happy medium between traditional sit-down sushi restaurants and quick sushi meals.

Customers approach the counter and go through a four-step process to create their own customized sushi roll. The sharks loved the sushi rolls, and Kevin O’Leary made an offer that the Yungs accepted. However, negotiations fell through a few months later, and O’Leary was out.

After Shark Tank, How Do You Roll was acquired by a private restaurant group in June 2015. Unfortunately, the deal with O’Leary never went through, and the details hashed out after an on-screen handshake often lead some deals to die before coming to fruition.

The show Shark Tank is a reality TV series based in America in which entrepreneurs pitch their business ideas to a panel of investors, also known as “sharks”.

Entrepreneurs have up to 2 minutes to pitch the sharks on their venture and product during a Shark Tank pitch. The sharks must do some math to decide if the offer for an entrepreneur’s company stake is fair.

What Is The Current Valuation Of How Do You Roll Shark Tank?

According to the search results, the current net worth or valuation of How Do You Roll, the sushi restaurant chain that appeared on Shark Tank, is unknown. The company went out of business in 2021, and the product is no longer available in the market.

However, before appearing on Shark Tank in February 2013, the company’s net worth was $8.3 million USD.

After appearing on Shark Tank, How Do You Roll experienced a surge in popularity. However, it is unclear what happened to the company after that. The founders’ net worth is also unknown.

It is not uncommon for companies that appear on Shark Tank to experience a boost in sales and popularity after the show. However, not all companies are successful in the long run, and some may go out of business for various reasons

What Happened To How Do You Roll Shark Tank?

How Do You Roll is a fast-casual restaurant franchise that specializes in create-your-own sushi menu and fast-casual service. The founders, Yuen and Peter Yung, learned the restaurant business from their parents who ran a mom and pop restaurant in Chinatown, New York.

After college, the brothers opened the first How Do You Roll restaurant in Austin, Texas.

In 2013, How Do You Roll was featured on Shark Tank, where they made a deal with Kevin O’Leary for $1 million in exchange for 20% equity.

However, the deal fell through after filming, as Yuen rejected O’Leary’s suggestion to create a board of directors for the company that would include three of his hand-picked members. The Austin restaurant closed, as did two Chicago locations.

Despite this setback, How Do You Roll still has two locations open in Fort Myers, Florida, and North Hollywood, California. In June 2015, the franchise was acquired by a private restaurant group. Yuen Yung is now the CEO of Casoro Capital, a real estate investment firm.

What is How Do You Roll?

How Do You Roll was a fast-casual sushi brand based in Austin, Texas. How Do You Roll established its first store in October 2008 and began franchising in early 2010.

They were specialize in custom-made maki rolls. They provide a variety of meats, seafood, veggies and fruits, as well as fillings.

Who were the founders of How Do You Roll?

How Do You Roll was co-founded by Yuen Yung and Peter Yung, brothers.

What was the products of How Do You Roll?

How Do You Roll were specializing in house-made maki rolls. It offered a variety of meats, seafood, veggies and fruits, as well as fillings such as cucumber, avocado and shrimp to be served in maki roll form.

They also have rice bowls and salads. They serve crab salad roll on the weekends.

How much were they seeking in the Shark Tank?

How Do You Roll was asking $1 million for a 12% stake of their business.

Did How Do You Roll get any Ideal from the Sharks?

How Do You Roll received an offer from Kevin O’Leary, but the deal collapsed.

How much was the deal?

Kevin offered $1 million for a 20% stake of their business. The valuation of the company was estimated to be $5 million.

Is How Do You Roll still in business?

The owners sold their business to a private restaurant company in 2015, they appear to have ceased operations as of August 2021.

Where can they find How Do You Roll online?

They are no longer in business.

When was How Do You Roll acquired?

The deal was announced on June 2015.

Who Acquired How Do You Roll?

A private restaurant company bought How Do You Roll in an undisclosed price.

Where was How Do You Roll based?

How Do You Roll was based in Austin, Texas.

Where can they find How Do You Roll Shark Tank Episode?

There are found on season 4 episode 16 of the Shark Tank.

When was How Do You Roll aired on Shark Tank?

How Do You Roll was aired on February 15th, 2013.

What is the net worth of Peter Yung?

Peter Yung net worth is $300,000 as of 2022.

What is the net worth of Yuen Yung?

Yuen Yung’s net worth is unavailable.

When was How Do You Roll founded?

How Do You Roll was founded in Austin, Texas October 1, 2008.