Joe’s Gourmet Fish Fry Net Worth 2023 | Joe’s Gourmet Fish Fry Shark Tank Updates
What Is Joe’s Gourmet Fish Fry Net Worth in 2023?
As of 2023, Joe’s Gourmet Fish Fry is estimated to be worth $4 million, with an annual revenue of $2 million.
Joe’s Gourmet Fish Fry is a special breading made for all sorts of fried dishes, not just fish. Founded by Joe and Maranda Dowell, the company has grown rapidly since its appearance on Shark Tank in 2018.
The Dowells have opened up a restaurant called Joe’s Gourmet Fish and Chicken and are hoping to open up more franchises over the next year.
Currently, the company charges an initial $35,000 franchise fee and has become a franchise itself.
The product is now available in more than 1,200 locations across the US, with an average rating of 4.5 stars from 79 reviews on Walmart’s website.
Joe and Maranda Dowell have a combined net worth of $1 million as of 2022. In 2018, they appeared on Shark Tank seeking $150,000 for 15% equity but the deal never closed.
What is Joe’s Gourmet Fish Fry? Who is Joe’s Gourmet Fish Fry’s founder?
Joe’s Gourmet Fish Fry is a versatile seasoning mix that adds a delicious flavor to a wide range of foods, such as shrimp, fish, pork, veggies, and more.
According to their website, the seafood coating is made with high-quality ingredients that absorb less oil, allowing the natural taste of the food to shine through.
Joe and Maranda Dowell have been serving their delicious meals seasoned with warm hospitality to their friends, family, and the public for many years.
Initially, they traveled to various events, such as fairs, conferences, and sports events, where they cooked their unique battered fish.
In 1998, they opened four restaurants, two in Atlanta and two in New Orleans, with the financial assistance of Joe’s parents.
Unfortunately, Hurricane Katrina destroyed the two eateries in New Orleans in 2005, and the couple decided to shift their focus to bottling and selling their famous seasoning blend.
In 2007, Joe’s Gourmet, LLC was established, and they started promoting their delightful blend of cornmeal and wheat flour, combined with herbs, spices, and other flavorings at several promotional events.
Although Joe has been working in the restaurant and catering industry since the 1990s, and Maranda was formerly a retail real estate specialist and commodities professional, it was only in 2015 that she joined the family business.
Joe and Maranda often attend large gatherings in the southeastern US to fry fish, and their customers began requesting Joe’s secret breading mix.
Realizing the potential, Joe decided to start a business that offers the seasoning mix as a stand-alone product. It is incredibly easy to use, as you only need to dip and fry; there is no need for flour, egg, or any other ingredient.
The seasoning mix has a unique combination that absorbs less oil and gives the food a crispy, less greasy flavor.
Joe’s Gourmet Fish Fry is available at various stores such as Wal Mart, Goodsons, and others from Illinois to the southeastern United States, and can also be purchased online through Amazon and the company website.
A one-pound bag costs $5, while a six-pack costs $25. Joe and Maranda also sell in bulk to eateries, and they are socially responsible as they prepare a large meal once a month for the Safe House Outreach, a homeless advocacy group in downtown Atlanta.
Joe’s Gourmet Fish Fry Shark Tank Pitch
Joe and Maranda went on Shark Tank season 9 episode 16 seeking a $150,000 investment for a 15% stake in their company, which had a $1 million valuation.
After presenting their product, which included shrimp, halibut, zucchini, chicken, and scallops, made with their special breading mix, the Sharks were impressed.
They disclosed that each bag cost $1.75 to make, and they sold them wholesale for $2.25-$2.50 and retail for $5. Their lifetime sales totaled $409,000, with an expected $270,000 in 2017, and their recent transaction with Wal Mart occurred only 7 weeks before filming.
Kevin O’Leary was worried about the valuation and left the deal. Lori Greiner praised the breading mix’s flavor but didn’t believe it was a good investment.
Mark Cuban was inspired by their relentless attitude, while Robert Herjavec loved the product but opted not to invest because Joe’s father was involved in the company.
Daymond John liked the pair and the product and offered $150,000 for a 25% stake. They initially countered with 18%, but they eventually accepted his original proposal.
Since then, they’ve added a zip lock to their packaging, and in 2019 they announced plans to launch a cooked fried catfish product in the 1200 locations where they currently have a presence.
They partnered with Inland Seafood, a Georgia-based corporation with a vast distribution network in the US Southeast.
They also established a restaurant inside a Wal Mart in Lithia Springs, Georgia, which was the first of a franchise opportunity to be revealed in November 2020. As of June 2021, their business is thriving, generating revenues of approximately $1 million.
Joe’s Gourmet Fish Fry Net Worth
Joe and Maranda appear on Shark Tank season 9 episode 16 in search of $150,000 for a 15% stake in their company. This represents a $1 million valuation.
They accepted an offer from Daymond of $150,000 for 25% stake thus brining valuation to be $600,000.
Joe’s Gourmet Fish Fry Competitors
Margartiaville Foods and Garden Fresh Gourmet are two of Joes Gourmet’s main rivals.
Joes Fish Fry Shark Tank Update
Joes Fish Fry Shark Tank Update
Joe’s Gourmet Fish Fry appeared on Shark Tank in season 9, episode 16, which originally aired in January 2018. The entrepreneurs, Joe and Maranda Dowell, pitched their gourmet fish fry and asked for $150,000 for 15% equity.
The sharks offered $150,000 for 25% equity, which Joe and Maranda accepted. Kevin O’Leary raised some financial questions and wanted to know about Joe’s Fish Fry’s margins. Maranda responded and told Kevin that it costs the company about $1.22 to make a single package and that consumers can directly purchase a package for $4.99.
Since appearing on Shark Tank, Joe’s Gourmet Fish Fry has expanded its product line and entered the franchising game. In 2019, the company started offering prepared fried catfish in supermarkets and sold frozen Southern fried shrimp breaded with Joe’s Gourmet Fish.
The Dowells opened Joe’s Gourmet Fish and Chicken in Lithia Springs, Georgia, and announced their franchise offering in November 2020. They currently have two locations, the second in College Park, Georgia, both inside Walmart stores. According to Shark Tank Blog, the company is doing well and has annual revenue of $5 million.
Joe’s Gourmet Fish Fry is still available for purchase on their website and in select Walmart stores. The product is advertised as a healthier option because it absorbs less oil.
Table Summary:
| ITEM | DESCRIPTION |
| Company Name | Joe’s Gourmet Fish Fry |
| Founder(s) | Joe and Maranda Dowell |
| Product/Service | Versatile seasoning mix |
| Annual Revenue (2023) | $2 million |
| Number of Franchise Locations | More than 1,200 |
| Franchise Fee | $35,000 |
| Average Rating | 4.5 stars from 79 reviews on Walmart’s website |
| Combined Net Worth of Founders (2022) | $1 million |
| Shark Tank Valuation | $1 million |
| Shark Tank Investment | $150,000 for a 25% stake |
| Planned Launch | Cooked fried catfish product |
| Social Responsibility | Monthly meal for Safe House Outreach |
| Partner | Inland Seafood |
| Restaurant | Joe’s Gourmet Fish and Chicken |
| Joe’s Gourmet Fish Fry Net Worth in 2023 | $4 million |
| Company history | Founded in 2007 as Joe’s Gourmet, LLC |
| Product | A versatile seasoning mix for fried dishes |
| Franchise locations | More than 1,200 across the US |
| Average rating | 4.5 stars from 79 reviews on Walmart’s website |
| Joe and Maranda Dowell’s combined net worth in 2022 | $1 million |
| Shark Tank Pitch | $150,000 for a 15% stake in the company, with a $1 million valuation |
| Accepted offer from Daymond John | $150,000 for a 25% stake in the company, with a $600,000 valuation |
| Business expansion plans | Opened a restaurant called Joe’s Gourmet Fish and Chicken and planning to open more franchises over the next year. |
| Recent development | Partnered with Inland Seafood to launch a cooked fried catfish product in the 1,200 locations where they have a presence. |
| Revenue in June 2021 | Approximately $1 million |
| Lifetime Sales | $409,000 |
Joe’s Gourmet Fish Fry FAQS
What Is Joe’s Gourmet Fish Fry?
Joe’s Gourmet Fish Fry is a special breading developed by Joe, an Atlanta-based caterer, that is used on fried fish and shrimp. It is considered by some to be the best tasting fish fry on the planet.
The product is available for purchase on the company’s website and on Amazon, and can also be found at some restaurants and supermarkets. The product was featured on Shark Tank, but it is unclear what happened to the company after the show.
Who is the Founder of Joe’s Gourmet Fish Fry?
Joe’s Gourmet Fish Fry was founded by Joe and Maranda Dowell.
Whatever Happened Joe’s Gourmet Fish Fry After Shark Tank?
Joe’s Gourmet Fish Fry appeared on Shark Tank in season 9, episode 16, in January 2018. The couple behind the business, Joe and Maranda Dowell, pitched their seafood breading mix and asked for $150,000 in exchange for 15% equity. Daymond John offered them $150,000 for 25% equity, which they accepted. However, according to Shark Tank Blog, the deal never closed.
Despite not closing the deal with Daymond John, Joe’s Gourmet Fish Fry has continued to grow. The couple’s business has become a franchise, and their product is available in grocery stores throughout the Midwest, South, and Southeast.
They have also added a gluten-free version of their classic fish fry. Joe and Maranda practice their principle of “love and feeding the world” by cooking a large meal for a homeless advocacy group called Safe House Outreach in downtown Atlanta every month.
Joe’s Gourmet Fish Fry has also been included in Walmart’s online Supplier Inclusion Showcase, which features suppliers and companies operated by minorities, women, veterans, members of the LGBT community, and people with disabilities.
The showcase was launched via the Essence Fest in New Orleans. Joe’s Gourmet Fish Fry is available in 12 oz. packs and has added a zipper to their packaging to keep the product fresh and stand up straight on shelves.
What Was The Outcome Of Joe’s Gourmet Fish Fry Pitch On Shark Tank
Joe’s Gourmet Fish Fry appeared on Shark Tank in Season 9 and asked for $150,000 for 15% equity. The sharks were impressed with the taste of the product and Daymond John offered $150,000 for 25% equity, which the entrepreneurs accepted.
Kevin O’Leary raised some financial questions and wanted to know about Joe’s Fish Fry’s margins, to which Maranda responded that it costs the company about $1.22 to make a single package and that consumers can directly purchase a package for $4.99.
Since appearing on Shark Tank, Joe’s Gourmet Fish Fry has distributed its product to hundreds of different Walmart locations around the country and has reached the $400,000 revenue milestone. The company is doing well and has annual revenue of $5 million.
The couple has also entered the franchising game as of November 2020 with a Joe’s Gourmet Fish and Chicken restaurant opening inside a Walmart in Lithia Springs, Georgia.
What Is The Current Status Of Joe’s Gourmet Fish Fry
Joe’s Gourmet Fish Fry is currently doing well and has expanded since appearing on Shark Tank. The company has opened two locations inside Walmart stores in Georgia and has announced a franchise offering.
The company has annual revenue of $5 million. Joe’s Gourmet Fish Fry is available for purchase online and in select stores. The company offers a gluten-free version of their classic fish fry and has also expanded their product line to include prepared fried catfish and frozen Southern fried shrimp breaded with Joe’s Gourmet Fish Fry
What Is The Current Revenue Of Joe’s Gourmet Fish Fry
Joe’s Gourmet Fish Fry has annual revenue of $5 million. The company had recently reached the $400,000 revenue milestone before appearing on Shark Tank. Joe’s Gourmet Fish Fry has expanded since appearing on Shark Tank and has opened two locations inside Walmart stores in Georgia and has announced a franchise offering.
The company also offers a gluten-free version of their classic fish fry and has expanded their product line to include prepared fried catfish and frozen Southern fried shrimp breaded with Joe’s Gourmet Fish Fry. Joe’s Gourmet Fish Fry is available for purchase online and in select stores.
What Is The Story Behind Joe’s Gourmet Fish Fry
Joe’s Gourmet Fish Fry is a special breading mix developed by Joe, a Vietnam veteran, and his wife Patricia, who gifted their life savings to their son Joseph Dowell III. The couple started selling their gourmet breading mix to customers and eventually expanded to selling in stores and wholesale to restaurants.
Joe’s Gourmet Fish Fry was featured on Shark Tank in season 9, episode 16, where Joe and Maranda Dowell made an enthusiastic pitch for their product. The product is used on fried fish and shrimp and is available for purchase on the company’s website, Amazon, and in some supermarkets. In 2019, Joe’s Gourmet started offering prepared fried catfish in supermarkets and frozen Southern fried shrimp breaded with Joe’s Gourmet Fish.
What Are The Ingredients In Joe’s Gourmet Fish Fry
The ingredients in Joe’s Gourmet Fish Fry are yellow corn meal, wheat flour, salt, dehydrated onion, dehydrated garlic, monosodium glutamate, spices, sugar, citric acid, and soybean oil as a processing aid.
The product is a special blend of seven ingredients, including celery seed, turmeric, orange peel, onion, garlic, parsley, and paprika, which brings out the flavor of fish without a lot of added salt.
How much were they asking in the Shark Tank?
Joe and Maranda Dowell were asking a $150,000 investment for 15% equity in their company.
Did they get the deal from the Shark Tank?
Yes, they did, they secure a deal from Daymond.
How much was the deal?
The deal was for 25% equity in the company for $150,000 investment.
Is Joe’s Gourmet Fish Fry still in business?
Yes, Joe’s Gourmet Fish Fry is still in business as of June 2021.
How much revenue do they make?
They have $409,000 in lifetime sales. They expect to have $270,000 in sales this year (2017).
Is Joe’s Gourmet Fish Fry free of gluten?
Joe’s Gourmet Fish Fry does not contain gluten.
When was Joe’s Gourmet Fish Fry aired on Shark Tank?
Joe’s Gourmet Fish Fry aired on January, 14th 2018.
Can they buy Joe’s Gourmet Fish Fry online?
Yes, they can order Joe’s Gourmet Fish Fry online from their official website. It is available for $5 per 1 pound bag or $25 for a 6 pack.
They also make a bulk order with pricing based on the volume purchased.
Where are Joe’s Gourmet Fish Fry located?
Joe’s Gourmet Fish Fry is founded in Atlanta, Georgia, It has several distribution centres in the Georgia area and it ships its fish to over 1200 retail locations across the southeast.
Can they buy Joe’s Gourmet Fish Fry on Amazon?
Yes, they can buy Joe’s Gourmet Fish Fry on Amazon.
Where do they source their fish?
They source their fish from Inland Seafood, a Georgia-based company.
What is the price range on their fish?
The pair explains that each bag costs them $1.75 to make. They sell it wholesale for $2.25-$2.50 and retail for $5.
Can they pre-order Joe’s Gourmet Fish Fry?
Yes, they can pre order Joe’s Gourmet Fish Fry from their official shop website.
What exactly are the ingredients?
Yellow Corn Meal, Wheat Flour, Salt, Dried Onion, Dehydrated Garlic, Monosodium Glumate, spices (including celery seed), sugar, citric acid, yellow corn meal, organge peel powder, natural flavours (including lemon oil), dehydrated parsley, tumeric and paprika extractives
Joe’s Gourmet Not Just Fish Fry has how many calories?
Joe’s Gourmet Not Just Fish Fry, Gluten Free has a calorie count of 70.0.
How many carbohydrates are there in Joe’s Gourmet Not Just Fish Fry?
Joe’s Gourmet Not Just Fish Fry, Gluten Free has 15.0 grams of carbohydrates.
What is the sugar content of Joe’s Gourmet Not Just Fish Fry?
Joe’s Gourmet Not Just Fish Fry, Gluten Free contains no sugar.
What is the fat content of Joe’s Gourmet Not Just Fish Fry?
Joe’s Gourmet Not Just Fish Fry, Gluten Free has no fat.
What is the salt content of Joe’s Gourmet Not Just Fish Fry?
The salt content of Joe’s Gourmet Not Just Fish Fry, Gluten Free is 530.0 grams.
