Joe’s Gourmet Fish Fry Net Worth 2023
Joe’s Gourmet Fish Fry Net Worth
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.
Joe’s Gourmet Fish Fry FAQS
What is Joe’s Gourmet Fish Fry?
Joe’s Gourmet Fish Fry is a seasoned seafood breading mix that may be used on a variety of foods including shrimp, fish, pork, veggies, and more.
The “seafood coating absorbs less oil,” according to their website.
Who is the founder of Joe’s Gourmet Fish Fry?
Joe’s Gourmet Fish Fry was founded by Joe and Maranda Dowell.
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.
What episode was Joe’s Gourmet Fish Fry featured?
Joe’s Gourmet Fish Fry was featured on episode 16 of Season 9.
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 south east.
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.
