Just the Cheese Shark Tank Update | What Happened to Just the Cheese after Shark Tank
What is Just the Cheese?
Just the Cheese is a simple and delightful snack made entirely of authentic Wisconsin cheese. Its trademark formula is intended to taste like the crispy ends of a grilled cheese sandwich, and each Just the Cheese snack is hand-shredded, crumbled, and baked at a family-owned Wisconsin cheese factory.
David Scharfman originates from a cheese-making family in Wisconsin, and his father invented the Just the Cheese snack.
David grew up and studied political science and Chinese at the University of Virginia. He was a financial consultant after working in the dairy and gaming industries.
Who is the founder of Just the Cheese?
Specialty Cheese Company, a Wisconsin-based cheese company, is founded by the Scharfman family in 1991. David’s father manufactured the snacks, which the firm marketed effectively for many years.
They were popular during the height of the Atkins Diet’s popularity. As he grew up and relocated to the east coast to work as a consultant, David believes the brand “faded away over time.”
He and his wife went shopping one day in 2017 and got a baked cheese snack to snack on. David felt Just the Cheese was a superior product, so he phoned his father to ask if they might restart production. He and his wife returned to Wisconsin and rebrand the firm.
Just the Cheese is now widely available on Amazon and in thousands of retailers around the country. The product is available in bars and “minis,” which are bite-sized crisps.
A 16-pack of minis costs $18.99, while a 12-pack of bars (two each pack) costs $23.88. T
hey are available in five different flavors: White Cheddar, Wisconsin Cheddar, Grilled Cheese, Garlic & Chive, and Jalapeno. Scharfman must have a lot of sales because he has a $10 million value.
What Happened to Just the Cheese at Shark Tank pitch?
In Shark Tank episode 19 seasons 20, David Scharfman looks for a deal for Just the Cheese, his crunchy cheese snack, seeking a partner who can scale and aid with distribution of the product.
David enters the presentation wanting $500,000 for a 5% stake in his firm, which is valued at $10 million.
He shares his narrative and distributes samples. Lori recalls purchasing the goods from Amazon. The Sharks all like their sampling.
They are particularly pleased with the figures: $3.5 million in sales in 2018 and $3.7 million with four months remaining in 2019. With a $1 million investment, the family self-funded the firm.
The margins are a little narrow because a two pack costs $0.95 and sells for $1.27 per bar. Kevin enters the fray and offers $500,000 for 5% equity shares in exchange for a 20 cent royalty per bar in perpetuity.
Lori offers $500,000 for 5% equity shares with a 15 cent royalty each bar until she recoups $750,000 after some back and forth with Kevin.
Mark makes an offer of $500,000 for 15 percent equity shares in the form of pure equity. David turns down all three offers.
He believed that royalties would reduce his cash flow, and he was determined about avoiding handing away more than 5% equity of his firm. He eventually departed the pitch without a deal.
What Happened to Just the Cheese after Shark Tank?
Despite leaving the pitch without a deal, this company is expanding its retail distribution and is now available in nearly every major supermarket chain, as well as on Amazon and in Target stores.
David is a Slim Fast Snack Crisps co-packer. The firm is still in operation and making $4 million in yearly sales as of December 2021.
Competitors of Just the Cheese
The main competitors of Just the Cheese are; Murray’s Cheese, 14th Street Pizza, Conti’s Sugar Mountain and Baked.
Net Worth of Just the Cheese
The valuation of the company was $10 million during and after the pitch, since then the company have been doing well in sales with annual revenue of $4 million in 2021. This justify that the company net worth might have elevates.
Just the Cheese FAQs
What is Just the Cheese?
Just the Cheese is a simple and delicious snack made from authentic Wisconsin cheese. Just the Cheese’s trademark formula is intended to taste like the crispy ends of a grilled cheese sandwich, and each Just the Cheese snack is hand-shredded, crumbled, and baked at a family-owned Wisconsin cheese factory.
Who is the founder?
Specialty Cheese Company, a Wisconsin-based cheese company, is founded by David Scharfman. David’s father invented the “Just the Cheese” snack in 1991.
How much was asking on Shark Tank?
David was asking for $500,000 for a 5% stake in his firm, which was valued at $10 million.
Did he have the deal?
No, David did not have a deal after the pitch.
Is Just the Cheese still in business?
Yes, Just the Cheese is still in business and is sold in major retailers across the country.
Where can I find Just the Cheese?
Just The Cheese is manufactured in Reeseville, Wisconsin, in a family-owned cheese factory. All of their cheese is prepared by hand with 100% authentic Wisconsin cheese.
What exactly are Just the Cheese Bars?
In their family-owned cheese factory in Reeseville, Wisconsin, just the cheese is made. All of their cheese is prepared by hand with 100% real Wisconsin cheese. Calcium-rich and high in protein Just the Cheese Bars are high in protein and calcium.
Just the Cheese has how many carbs?
There are no MSG, any wheat or wheat products, and no gluten. Trans Fat 0g, Cholesterol 30mg, 10%, Sodium 300mg, 12% Total Carb 1 gram 0 percent.
Is it only the cheese that’s Keto?
This is known as ketosis in metabolic terminology. One of the benefits of a keto diet, according to devotees, is that cheese is not forbidden. In fact, cheese is the ideal keto food: high in fat, moderate in protein, and low in carbs.
Is it healthful to eat only the cheese?
A healthy life is becoming more linked to well-balanced diet and a healthy lifestyle. As a result, Just the Cheese is ideal as a snack for any occasion.
Is cheese a worse option than meat?
Yes, cheese contains fat, cholesterol, and, more importantly, saturated fat. While the meat food category (containing beef, processed meats, eggs, poultry, and other meats) is the most abundant source of saturated fat and cholesterol in the American diet, the milk food group (including cream and cheese) ranks second.
Is it as dangerous to eat cheese as it is to eat meat?
And, while some animal products can increase disease, perhaps there is no proof that cheese should be treated the same as meat or milk.
Cheese is a wonderful source of protein and calcium, and studies shows that it does not contribute to chronic illness.
Can dogs consume cheese?
Yes, dogs can consume cheese. In reality, cheese is frequently used as a teaching technique, particularly for pups. While some dogs can eat cheese and most dogs enjoy it, many dogs are lactose intolerant. Even if their dog can take cheese, it is generally advisable to feed it in moderation.
How Just the Cheese does makes money?
Just the Cheese makes money by targeting its customers who look for a good and healthy snack that does not contain any trans-fat, cholesterol, and MSG.
Is Just the Cheese safe?
Just the Cheese is safe for consumption and does not contain any artificial ingredients or preservatives. Just the Cheese Bars are not only low in carbohydrates but also rich in protein, calcium, and fat.
Can I eat Just the Cheese as a meal replacement?
Yes, one can eat Just the Cheese as a meal replacement for those that are following a low-carb diet.
What is the net worth of David Scharfman?
David Scharfman’s net worth is unknown