Mee-Ma’s Gumbo Brick Shark Tank Update | Mee-Ma’s Gumbo Brick Net Worth
What is Mee-Ma’s Gumbo Brick?
Mee Mas Gumbo is an iced roux block that is used to make authentic Louisiana-style gumbo. Gumbo foundation ingredients are available in a variety of tastes, including chicken, pig, and seafood.
The product is ready for users to customize their flavour by adding water and other components. It’s a staple item in Costco, Safeway, and Publix, as well as online.
Mee Mas Gumbo was established in 2007 by Carol Foster. She is a single mother who had formerly employed as a truck driver.
Ms. Foster is a transplanted Louisiana native who transformed an ancient family recipe into an N’Awlins staple and began selling it online shortly after establishing her business.
The once-homeless truck driver is now the driving force behind a flourishing business.
Carol Foster created Mee Mas Gumbo after attempting to cook a batch of Gumbo in response to requests from friends and family. Her granny taught her how to make gumbo.
She was inspired to launch the firm after noticing gaps in grocery store offers. It inspired her to develop the concept of a fresh gumbo recipe that was not powdered.
She began by selling the product to family, friends, and members of her church.
As her target market expanded, she created a branding trademark, MEE- MA’s that is featured on all of her goods and registered it to deter others from stealing her concept.
The brand name embodies the essence of handmade flavor, comfort cuisine, additional value, and ease of preparation.
Since the company’s inception in 2007, it has expanded its product range to include ready-to-eat dinners and other delectable Southern foods.
Ms. Foster began selling to Costco’s Southern California Region in 2010, and the product became available in 2014 at Albertsons Companies locations.
She intends to expand distribution channels in order to make the product available in further areas.
Who Founded Mee-Ma’s Gumbo Brick?
What happen to Mee-Ma’s Gumbo Brick at the Shark Tank Pitch?
Carol Estella Foster approaches the Shark Tank seeking a $200,000 investment in exchange for a 20% interest in Mee-Louisiana Ma’s Gumbo Brick. This equates to a one-million-dollar value.
Foster describes how she transformed her recipe into frozen “bricks” containing the gumbo foundation, ready for the user to add water and meat and send out samples. Sharks enjoy it.
After answering numerous questions from the sharks, Mark is curious about her charges and the price she was charging for the brick.
She stated that she manufactures it for $4.00 per unit and sells it wholesale for $9.99 per unit.
She has sold $500,000 in two years by visiting three days a week at Costco and delivering the gumbo to consumers.
Costco has expressed interest in stocking Mee-Louisiana Ma’s Gumbo Brick, and Foster has secured a contract, but she requires finance to fulfil the order.
Mark Cuban believes Foster is not yet prepared to ascend to the level she is approaching. He has departed.
Daymond John echoes Cuban’s sentiments. He feels she is too young and unprepared, and he exits.
According to Kevin O’Leary, “the product is wonderful, but the infrastructure is simply not there.”
Robert Herjavec feels the margins are insufficient and that Foster requires a unique sort of partner who can guide her through the business and growth process. He has departed.
Lori chose to enter but was given $200,000 at a 50% discount.
They claimed it was so they could devote the necessary time and effort to recouping their investment and ensuring her success.
Kevin stated that her business was not deserving of the price, but he observed her willingness to work.
You could see through the harsh veneer to a gleam of sympathy.
Lori hugged Carol as she accepted the offer.
Kevin warned her that she would have to work her ass off. The Sharks appeared to be really pleased of her. Daymond praised her on her discovery of the Grinch’s heart.
Mee-Ma’s Gumbo Brick after the Shark Tank Pitch
Her commitment to her business and to provide for her little kid prompted the ordinarily sceptical Shark to make a bid on a product he genuinely believed in.
However, the transaction was never completed. At first, success was modest, but Mee-Louisiana Ma’s Gumbo Brick became a hit.
The product is currently available at Costco, Safeway, Publix, and a variety of other retail locations, as well as online.
The website went silent sometime after January 3, 2021. Although the firm looks to be closed, Carol had $5 million in lifetime sales when she closed the doors.
Mee-Ma’s Gumbo Brick Net Worth
Carol Estella Foster approaches the Shark Tank seeking a $200,000 investment in exchange for a 20% interest in Mee-Louisiana Ma’s Gumbo Brick. This equates to a $1 million value.
She accepted an offer from Kevin and Lori of $200,000 for 50% thus bringing the valuation to be $400,000.
Mee-Ma’s Gumbo Brick Competitors
There are no competitors.
Mee-Ma’s Gumbo Brick FAQS
Did the Mee-Ma’s Gumbo Brick secure a deal from the Shark Tank?
In 2013, she presented her firm on Shark Tank. She approached the Tank with a request for $200,000 in return for 20% stock. Lori Greiner and Kevin O’Leary offered her $200k for a 50% stake. She accepted.
What happen to Mee Ma’s Louisiana Gumbo brick?
Unfortunately, the restaurant’s ceiling collapsed in October 2010 due to severe storms, but Carol believes it was “God’s way of telling her it’s time to move on and focus on the Gumbo Brick.”
Essentially, the gumbo brick is a frozen block of roux foundation that contains everything necessary to make true Louisiana style gumbo; all they have to do is add.
Is Mee-Ma’s Gumbo Brick still in business?
The product is now a staple at Costco, Safeway, Publix, and several other retail outlets, as well as being available online.
At some point after January 3, 2021, the website went dark. It appears the company is out of business, but Carol had $5 million in lifetime sales before she shut the doors.
Did Mee-Ma ladies ever make an appearance on the show?
Yes, On May 3, 2013.
How do they make money?
They make money by selling the bricks, as well as by selling in bulk.
What exactly is Mee-Ma’s Gumbo Brick?
The gumbo brick is a frozen block of roux foundation that contains everything necessary to make true Louisiana style gumbo; all they have to do is add.
Does Mee-Ma’s Gumbo Brick ship?
Yes. Patrons may order the product from the website and have it delivered to their doorsteps.
How many years did Mee-Ma’s Louisiana Gumbo Brick exist?
Carol Estella Foster began selling the product in 2007, and it appeared to cease operations after January 3, 2021. Carol had $5 million in lifetime sales before she closed the doors.
How much does Mee-Ma’s Gumbo Brick costs to make and sell?
She manufactures it for $4.00 per unit and sells it wholesale for $9.99 per unit.
What are strengths of Mee-Ma’s Gumbo Brick?
Her strengths are her focus on providing the best product possible, the ability to sell to Costco, and her determination to succeed despite any challenges.
What are weaknesses of Mee-Ma’s Gumbo Brick?
The time and effort required to manage the growth of the company if they can get that far,
What is net worth of Carol Foster?
What is Mee-Ma’s Gumbo Brick website?
What Payment Methods do they accept?
They accept Visa, MasterCard, American Express and Discover card as well as PayPal and Check Payments.
What is the phone number for Mee-Ma’s Gumbo Brick?
What are the largest competitors of Mee-Ma’s Gumbo Brick?
According to Carol, no other gumbo bricks exist.
She insists she borrowed from as many people as she could in an attempt to find the best mix of ingredients before testing it herself.