Lynnae’s Gourmet Pickles Shark Tank Net Worth 2023
Lynnae Schneller and Ali Cullinane entered the Shark Tank season 5 episode 1, seeking a $125,000 stake in their business, Lynnae’s Gourmet Pickles, in exchange for a 25% equity share.
This indicates that the valuation of their business was calculated to be $325,000. If successful, this would enable them to expand the business and potentially gain more significant investments from other sources.
However, with the Sharks expressing hesitation due to the lack of profitability of pickles as a product lines, it remains to be seen whether they will ultimate receive the funding that they were seeking to grow their business.
What is Lynnae’s Gourmet Pickles?
Lynnae’s Gourmet Pickles are produced using a closely guarded family recipe passed down from their great-grandmother.
These pickles have a unique and irresistible flavor, with a crisp texture that sets them apart from any other pickle you’ve tried. Lynnae’s Pickles offers two varieties, Mrs. Pickles (a sweet and sour dill) and Hot Mama (a sweet and sour pickle with a jalapeno kick).
The founders of Lynnae’s Gourmet Pickles are Lynnae Schneller and Aly Cullinane. They discovered Lynnae’s great grandmother’s gourmet pickle recipe and started making them for family and friends. After receiving positive feedback, they decided to start selling them.
They converted a trailer into a commercial kitchen and began manufacturing pickles with the help of Aly, who is now a business partner.
In their first week of operation, Lynnae and Aly sold nearly 1,000 jars of pickles. However, due to the recipe being a closely guarded family secret, Aly had to marry Lynnae’s brother to gain access to the recipe.
Nonetheless, their business continues to thrive and delight pickle lovers with their unique and delicious creations.
What happen to Lynnae’s Gourmet Pickles at the Shark Tank Pitch?
In the first episode of Shark Tank season 5, Lynnae Schneller and Ali Cullinane pitched their business, Lynnae’s Gourmet Pickles, and asked for a $125,000 investment in exchange for a 20% stake, which valued the business at $325,000.
During the pitch, the entrepreneurs revealed that they had made $144,000 in sales over the past year, which equated to selling 36,000 jars of pickles at a wholesale price of $4.00 per jar. They also disclosed that the manufacturing cost per jar was $1.93, and that they were available in 200 locations across 26 states.
Although the Sharks were impressed by their success, Mark Cuban felt that the business was not a threat to major corporations in the industry and would not invest. Lori Greiner did not like the product and declined to invest, while Kevin O’Leary thought the price point was too high for a jar of pickles and also declined.
Robert Herjavec loved pickles but did not like the sweet version and felt that he was not the ideal spokesperson.
Barbara Corcoran advised the entrepreneurs that they did not need a partner and that they would do well on their own. The entrepreneurs left the Tank without a deal.
Despite not securing an investment from the Sharks, Lynnae’s Gourmet Pickles continued to thrive. The business expanded into multiple retail locations, including national chains like Costco and local supermarket chains. Lynnae left the business in 2015 to launch a Chic-Filet franchise, and the business was rebranded as Mrs.
Pickles Gourmet before closing in January 2018. Aly now works as the director at Marine View Christian Preschool.
Lynnae’s Gourmet Pickles Net Worth
Lynnae Schneller and Ali Cullinane enter the Shark Tank season 5 episode 1 seeking a $125,000 stake in their business, Lynnae’s Gourmet Pickles, in exchange for a 25% equity share. This indicates a $325,000 valuation.
Lynnae’s Gourmet Pickles Competitors
There is no competitor identified for Lynnae’s Gourmet Pickles.
Lynnae’s Gourmet Pickles FAQS
What is Lynnae’s Gourmet Pickles?
Lynnae’s Gourmet Pickles are created according to a carefully guarded family recipe given down from great-grandmother.
Lynnae’s Gourmet Pickles are made according to a closely guarded family recipe passed down from great-grandmother.
The crisp pickles have a flavour unlike anything you’ve ever had, and they’re immensely seductive.
Who founded Lynnae’s Gourmet Pickles?
The firm was founded by Lynnae Schneller and Aly Cullinane of Tacoma, Washington.
How much were asking in the Shark Tank?
The duo enter the Shark Tank seeking $125,000 for a 20% equity share.
Did they get the deal from the Shark Tank?
No, the two left the Shark Tank without a deal.
Is Lynnae’s Gourmet Pickles still in business?
That firm ceased operations in January 2018. Aly has now taken on the role of director at Marine View Christian Preschool.
Where can they buy Lynnae’s Gourmet Pickles?
The business has been shut down.
What happened to Mrs Pickles?
Mrs. Pickles was renamed from Lynnae’s Gourmet Pickles in September 2015, in honour of Lynnae’s Great Grandma Toots and likely due to Lynnae’s departure from the firm.
There is no longer a corporate website for the brand.
Where was Lynnae’s Gourmet Pickles headquarters?
Lynnae’s Gourmet Pickles is headquartered in Tacoma, Washington.
What was Lynnae’s Gourmet Pickles industry?
Lynnae’s Gourmet Pickles is a merchant wholesaler of groceries and related products.
Where was Lynnae’s Gourmet Pickles headquarters?
Lynnae’s Gourmet Pickles commenced operations in 2012.
When was Lynnae’s Gourmet Pickles aired Shark Tank?
Lynnae’s Gourmet Pickles entered the Shark Tank on 20th, September, 2013.
What episode was Lynnae’s Gourmet Pickles featured?
Lynnae’s Gourmet Pickles was featured on season 5 episode 1 of Shark Tank.
What is net worth of Aly Cullinane?
Aly Cullinane’s net worth is unavailable.
What is net worth of Lynnae Schneller?
Lynnae Schneller net worth is $950,000.
