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 FAQS
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.