Nuchas Shark Tank Net Worth 2023
In 2019, Barbouth appeared on season 10 of Shark Tank seeking $2 million for an 8% equity stake, giving it a valuation of $25 million.
However, he could not negotiate a fair deal with the potential investors on the show and left without any funding. Despite this setback, Nuchas continued to grow.
It launched an online store and opened up food stalls in other high-traffic locations like Jacob Javits Center and Georgia World Congress Center.
Nuchas currently makes over $5 million per year. The company has recovered from losses due to the COVID-19 pandemic and is doing better than ever.
It has opened three more outlets since appearing on Shark Tank, bringing the total number of retail outlets to six. It also opened a website where people can make orders from the comfort of their homes.
What is Nuchas? Who Founded Nuchas?
Nuchas is a company that specializes in producing empanadas, a type of convenient snack.
The ingredients used in making these empanadas are carefully crafted by hand from reliable sources known for their high quality.
Despite being created in the United States, Nuchas empanadas draw inspiration from all over the world.
Customers can choose from three different flavors: beef, chicken, or sausage. Nuchas was founded in 2009 by Ariel Barbouth, who started out with a small kiosk in Times Square, New York City, with the help of his wife.
As the demand for empanadas grew, Nuchas expanded its operations to include food trucks and pushcarts.
Empanadas quickly became popular among consumers due to their convenience and portability. Nuchas has gained the attention of culinary critics, with several notable achievements to its name.
In 2013, Nuchas was the recipient of the People’s Choice Award, the Rookie of the Year Vendy, the People’s Taste Award, and the Best New York Food Truck in the New York vs. Boston competition.
Summary Table: Nuchas Shark Tank
| INFORMATION | SUMMARY |
| Name | Nuchas |
| Founder | Ariel Barbouth |
| Year Founded | 2009 |
| Product | Empanadas |
| Flavors | Beef, Chicken, Sausage, Vegetarian, Vegan, and Desserts |
| Retail Outlets | Six |
| Revenue in 2019 | Over $5 million |
| Revenue in 2021 | $4 million |
| Net Worth (Shark Tank) | $25 million |
| Seeking Investment on Shark Tank | $2 million for 8% equity |
| Shark Tank Investment Offers | Daymond John offered $2 million for a 25% stake, while Barbara Corcoran offered $1 million for the entire retail operation and a $1 million loan to build the wholesale operation. |
| Competitor | Fricano’s Pizza |
| Achievements | People’s Choice Award, Rookie of the Year Vendy, People’s Taste Award, Best New York Food Truck in the New York vs. Boston competition |
| Partnerships | Yumble, Franklin Junction |
| Expansion Plans | Franchising, selling products in supermarkets, increasing wholesale production capacities |
| Covid-19 Impact | Recovered from losses due to the pandemic and continues to grow |
| Contracts | 50 stadiums |
| Updates | Continues to grow and expand, estimated to generate about $4 million per year in gross revenue |
Nuchas Shark Tank Pitch
An empanada is a pastry that can be filled with various ingredients and baked or fried.
Nuchas is a company that specializes in making empanadas with fillings such as beef, pig, chicken, and desserts, as well as vegetarian and vegan options. All their products are baked by hand using ingredients free of hormones and antibiotics.
At their retail outlets, the cost of an empanada ranges from $4 to $6 depending on the filling, and they are actively seeking wholesale customers to expand their reach.
The owner, Ariel, is looking to increase Nuchas’ retail base and eventually sell the product in supermarkets, and hopes to invest in expanding their wholesale production capacities.
During an episode of Shark Tank, Ariel sought a $2 million investment in exchange for 8% of his company. The Sharks were impressed with the taste of the empanadas but wanted to see the stats.
Ariel shared that his four retail sites in New York City had made $2 million in sales the previous year, while his wholesale company made $3 million in sales. He estimated a profit of $750,000 for the current year and $3 million the next year.
Daymond offered $2 million for a 25% stake in the company, while Barbara offered $1 million for the entire retail operation and a $1 million loan to build the wholesale operation.
She also proposed opening a retail franchise and buying all merchandise from the wholesaler. Ariel rejected Daymond’s offer and ultimately rejected Barbara’s offer, as he did not want to give up his retail company.
However, shortly after the intended air date of the Shark Tank episode, Nuchas began offering franchises with the wholesale part of the company supplying all franchisees.
They also began shipping directly to consumers across the United States and partnered with Yumble to offer empanadas for kids.
When the Covid-19 epidemic struck in 2020, Nuchas aimed to keep their employees safe and their business going while seeking new prospects.
As of June 2021, the company generates $4 million in revenue per year and continues to grow. They have contracts with 50 stadiums and are searching for more as they reopen.
In April 2021, Nuchas teamed up with Franklin Junction, a host kitchen company, to enable remote manufacturing for the wholesale side of their business.
Unlike ghost kitchens, host kitchens work with existing restaurants to generate additional income from their kitchens.
Nuchas Net Worth
Nuchas net worth is $25 million at the Shark Tank.
Nuchas Competitors
Their closest competitor is Fricano’s Pizza, which makes frozen pizzas.
Nuchas Shark Tank Updates
Nuchas is a food company that specializes in authentic Argentinian dishes, particularly empanadas. Ariel Barbouth, the founder of Nuchas, appeared on Shark Tank in Season 10 to seek a $2 million investment for just 8% equity of his company.
However, none of the sharks made an offer, despite the company’s impressive sales numbers. At the time of the show, Nuchas had already done $5 million in the current calendar year, and its kiosk in Times Square averaged $800,000 in revenue annually.
Despite not securing a deal on Shark Tank, Nuchas has continued to grow and expand. The company is still in operation and is estimated to be generating about $4 million per year in gross revenue. Nuchas has also landed new partnerships and continues to look for new ways to grow.
As of 2023, Nuchas has three physical locations, as well as food trucks and carts that travel around New York City. The company has also opened a website where people can make orders from the comfort of their homes.
Nuchas is branding itself as “handheld foods reimagined”. The company has five retail locations, four of which are in New York, and one is in Georgia. Nuchas has also partnered with Cinnamon Snail to mail out its vegan snacks nationwide.
The company has gone from strength to strength since its time on Shark Tank, opening three more outlets since then, bringing the total number of retail outlets to six.
Nuchas FAQS
What Is Nuchas And How Does It Work?
Nuchas is a food company that specializes in handheld foods, specifically empanadas. The company was founded in New York City and has since expanded to several retail locations and partnerships with other companies.
Nuchas offers a variety of flavors and uses premium ingredients to create their products. The company has won several awards, including Rookie of the Year Vendy, People’s Choice Vendy, People’s Taste Award, and The Best New York Food Truck.
Nuchas has also partnered with Franklin Junction, an e-commerce solutions platform, to expand their reach and become exclusively available for virtual kitchen consumption.
The partnership allows Host Kitchen brand partners to create Nuchas’ product line to optimize their assets while driving revenue through delivery channels.
The founder of Nuchas, Ariel Barbouth, is an entrepreneur and foodservice industry veteran who has made internationally handheld foods a mainstream phenomenon.
Overall, Nuchas is a food company that offers a convenient and culturally diverse option for handheld meals. They use premium ingredients and have won several awards for their products.
The company has expanded to several retail locations and partnerships, including a recent partnership with Franklin Junction to broaden their reach and become exclusively available for virtual kitchen consumption.
What Was The Outcome Of The Nuchas Shark Tank Pitch?
Nuchas appeared on Shark Tank in season 10, episode 18, seeking a $2 million investment for 8% equity in the company.
The sharks were impressed with the company’s sales numbers, which were $5 million in the current calendar year, with $3 million of the company’s gross revenue coming from sales to external third parties.
The company operated a kiosk in Times Square that averaged $800,000 in revenue annually. Ariel Barbouth, the founder of Nuchas, expected to net about $700,000 in profits during the current year and can multiply that net profit number by three times that amount if his company reached its projection of $12 million in gross sales.
However, none of the sharks made a deal with Nuchas. Despite not securing a deal on the show, Nuchas has continued to grow and expand. The company has opened several retail locations and has partnered with Franklin Junction to broaden their reach and become exclusively available for virtual kitchens.
What Happened To Nuchas After Its Appearance At The Shark Tank?
Nuchas, a food company that specializes in handheld foods, appeared on Shark Tank in Season 10 seeking a $2 million investment for 8% equity of the company. Although they did not secure a deal on the show, the company has continued to grow and expand.
Nuchas has opened several retail locations and has a website where people can make orders from the comfort of their homes. The company has won several awards and makes about $4 million per year.
They have also partnered with Franklin Junction to broaden their reach and become exclusively available for virtual kitchens. Despite the lack of investment from the Sharks, Nuchas has continued to succeed and thrive in the years following their appearance on Shark Tank.
The company has opened three more outlets since then, bringing the total number of retail outlets to six. They have also announced that they can mail out their vegan snacks nationwide through a partnership with Cinnamon Snail.
Nuchas has continued to grow and expand, and their empanadas are now being sold in New York’s Jacob Javits Center and Atlanta’s Georgia World Congress Center.
Who owns Nuchas?
Ariel Barbouth is the owner of Nuchas.
What are Nuchas empanadas?
Nuchas specializes in American made but Argentinian inspired empanadas, deliciously baked and perfectly shaped hand held pies.
Offering flavours ranging from braised short rib to shrimp jambalaya to vegan shiitake curry, Nuchas’ grab-and-go gourmet meals have become a New York favourite.
How are Nuchas empanadas made?
Nuchas empanadas are baked fresh onsite.
No antibiotics or hormones are used in their ingredients.
Each pie is hand shaped by our team of pastry chefs at your request, then quickly fried in olive oil to keep the product ready to eat while also maintaining the integrity of the shape.
How is Nuchas different from other empanada brands?
They are different because we only use the best ingredients.
They use no preservatives, no additives, and our product is 100% natural.
No fake meats, fake dairy products, or fake oils are used in our empanadas.
When were Nuchas empanadas launched?
Nuchas was founded in 2011.
How many flavours of Nuchas empanadas are there?
They offer five flavours of empanada; Beef, Chicken, Pork, Veggie and Sweet Potato.
Which episode was Nuchas aired on Shark Tank?
Nuchas was aired on season 10 episode 18.
