Nuts n More Shark Tank Net Worth
Nuts n More Shark Tank Net Worth 2023
Nuts ‘N More, a producer of high-protein almond and butter spreads and snacks, appeared on the 4th season of Shark Tank in 2013.
The founding trio of Dennis Iannotti, Neil Cameron, and Peter Ferreira sought an investment of $250,000 for a 20% share of their business. Mark Cuban and Robert Herjavec offered to invest $250,000 for a 35% stake in Nuts ‘N More.
Since appearing on Shark Tank, Nuts ‘N More has seen sustained success. The infusion of cash and expertise from Cuban and Herjavec helped the company expand quickly and successfully
The company has had a net worth increase since the exposure on the show, with lifetime sales reaching $30 million by 2018.
As of 2022, the estimated net worth of Nuts ‘N More is $6 million.
What is Nuts n More? Who is the Founder of Nuts n More?
Nuts n More is a brand of peanut butter that is high in protein, low in sugar, and low in fat, making it a healthier alternative to the typical peanut butter products found in most supermarkets.
Compared to other brands, Nuts n More contains only one gram of sugar and has eleven grams of both protein and fat. It also has fewer calories per serving than traditional brands.
The creator and CEO of Nuts n More is Peter Ferreira, who comes from a background in fitness and running. Ferreira grew up in Providence, Rhode Island, where his family ran a bakery. Due to his fitness and dietary regimen, he realized the need for healthier snack alternatives.
After experimenting with various recipes that incorporated protein-rich peanut butter, Ferreira created Nuts n More. His family and friends were impressed with the product’s quality, taste, and ability to leave them feeling full and satisfied, despite the low sugar and fat content.
Ferreira, a fitness and nutrition specialist, founded Nuts n More in 2011 to provide his fitness clients and himself with a natural peanut butter option that was protein-rich.
The nut butter spreads from Nuts n More have a creamier texture than other all-natural nut butters due to a unique formulation and a process that ensures the finest grind.
Nuts n More sells basic and chocolate peanut butter as well as almond butter, with seasonal variations such as pumpkin spice peanut butter also available. The products are available in over 40 locations in the United States and Canada, with the Northeast being the main distribution region.
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Nuts n More Shark Tank Pitch
Nuts n More entrepreneurs Neil Cameron, Dennis Lannotti, and Peter Ferreira presented their business idea to the Sharks in episode 18 of Season 4 of Shark Tank seeking $250,000 for a 20% stake in their company, which was valued at $1.25 million.
They had $100K in sales for the year and a buy order from a significant distributor that needed funds to fulfill.
After receiving offers from Kevin, Robert, Mark, and Barbara, Neil, Dennis, and Peter entered into negotiations with Mark and Robert.
In the end, Mark agreed to invest $250,000 for a 35% stake in the company, with $75,000 paid upfront and $175,000 set aside to support future purchase orders. Robert also joined the deal.
After appearing on Shark Tank, Nuts n More announced record sales and showcased their new production facilities in a season 5 update. They also met with Mark at GNC headquarters and revealed plans to be in 4000 stores.
In two years, their revenues grew from $100,000 to nearly $6 million, and they surpassed their $30 million lifetime sales goal in 2018. As of December 2021, Nuts n More is still going strong with $6 million in yearly income.
Competitors of Nuts n More
The main competitors of Nuts n More are; TREEHOUSE FOODSINC and J. M. SMUCKER.
Net Worth of Nuts n More
The valuation of the company was $1.25 million during the pitch, after the investment done by Mark and Robert the company was valued at $714,423. Since then the company has a net worth of $6 million in 2022.
Nuts n More FAQs
What is Nuts n More?
Nuts’ N More peanut butter is a high-protein, low-sugar, low-fat alternative to standard peanut butters available on most grocery store shelves.
Who is the owner of Nuts n More?
Peter Ferreira is the founder of Nuts n More peanut butter.
How much were asking on Shark Tank?
They were asking for $250,000 for 20% stake of their company, which was worth $1.25 million.
Who invested in Nuts n More?
Mark Cuban and Robert Herjavec invested in Nuts n More.
How much did they invest?
They invest $250,000 for 35% ownership of the company, with $75,000 paid up front and $175,000 set aside to support future purchase orders.
Is Nuts n More still in business?
As of December 2021, they are still active.
How much have they done in sales?
They made $30 million in revenues since they started in 2011.
How much are they valued at now?
They have an estimated value of $10 million in 2021.
Where can I buy Nuts n More?
Nuts’ N More peanut butter is sold online and at sports nutrition stores throughout the United States and Canada.
Who is the designer of Nuts n More?
Nuts n More is an owned subsidiary of Nuts’ N More.
Is Nuts n More profitable?
Nuts’ N More peanut butter is a profitable company.
What other products do they sell?
They are currently producing lemon tree nut butter and fig nut butter.
Who is the target market of Nuts n More?
The main consumers of Nuts’ N More are sports nutrition enthusiasts, as well as health-conscious individuals.
What is the revenue model of Nuts n More?
Nuts’ N More makes money through direct sales on their website and stores they sell in across the US and Canada.
How many flavors does Nuts n More have?
They have basic peanut butter for regular use and a variety of seasonal varieties such as pumpkin spice, salted dark chocolate and salted white chocolate.
How does Nuts n More taste?
Both types of nut butters taste delicious, however the chocolate peanut butter is more addictive than any other sub-dollar spread that you can find in store.
How can I pay for Nuts n More?
Customers can pay for Nuts’ N More peanut butter using PayPal and credit cards.\
How many calories are in a serving of Nuts n More?
The daily recommended serving size is two tablespoons and the calories per serving are 180.
How does Nuts n More make their products?
They use the highest quality certified peanuts available to deliver a quality product to their consumers.
Are their products non-GMO?
All of nuts’ n more products follow the Non-GMO Project standards.
What is the Nuts n More return policy?
Customers are eligible for a refund if they are not happy with their products either flavor or packs size they purchased.
What is the net worth of Peter Ferreira?
Peter Ferreira has a net worth of over $1.5 million.
