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.
[maxbutton id=”60″]
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 Shark Tank Update
Nuts ‘N More is a high-protein nut butter spread company that appeared on Shark Tank in 2013. The founders, Peter Ferreira, Dennis Iannotti, and Neil Cameron, sought $250,000 for a 20% stake in their company, which was valued at $1.25 million.
Mark Cuban and Robert Herjavec invested $250,000 for a 35% stake in the company. Since appearing on Shark Tank, Nuts ‘N More has seen sustained success, with lifetime sales reaching $30 million by 2018.
As of July 2021, the company was averaging over $6 million in revenue each year.
Nuts ‘N More has expanded quickly and successfully with the help of investment and expertise from Cuban and Herjavec. The company has become one of the biggest success stories from Shark Tank.
The brand has sold a variety of nut butter products and has hit its lifetime sales goal of $30 million. The company continues to launch Nuts ‘N More with more customers and introduce more consumers to its high-protein spreads.
The Baltimore Ravens also use the Nuts ‘N More brand during their training camp.
Summary Table For Nuts N More
| CATEGORY | INFORMATION |
| Company | Nuts ‘N More |
| Founder | Peter Ferreira |
| Product | High-protein almond and peanut butter spreads and snacks |
| Shark Tank | Season 4, Episode 18 |
| Investment | $250,000 for a 35% stake by Mark Cuban and Robert Herjavec |
| Valuation | $714,423 after the investment |
| Lifetime Sales | $30 million by 2018 |
| Net Worth | $6 million as of 2022 |
| Competitors | TreeHouse Foods Inc. and J.M. Smucker |
| Revenue | Over $6 million annually |
| Special Fact | The Baltimore Ravens use the Nuts ‘N More brand during their training camp. |
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 butter 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.
What Was The Outcome Of Nuts ‘N More’s Pitch On Shark Tank?
Nuts ‘n More, a producer of high-protein almond and butter spreads and snacks, appeared on Season 4 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, which was valued at $1.25 million.
Mark Cuban and Robert Herjavec offered to invest $250,000 for a 35% stake in Nuts ‘n More. The deal was made, and 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.
Nuts ‘n More has had a net worth increase since the exposure on the show, with lifetime sales reaching $30 million by 2018.
The Shark Tank effect helped Nuts ‘n More skyrocket in sales as they reached $1,000,000 only seven months after airing.
The company has grown substantially since appearing on Shark Tank, with major distributors interested in carrying the brand.
Robert Herjavec said that his investment in Nuts ‘n More has been one of his best investments he’s ever made on the show.
How Much Investment Did Nuts ‘N More Receive From The Sharks?
Nuts ‘n More entrepreneurs Neil Cameron, Dennis Lannotti, and Peter Ferreira appeared on 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.
Mark Cuban and Robert Herjavec offered to invest $250,000 for a 35% stake in Nuts ‘n More. 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.
Since appearing on Shark Tank, Nuts ‘n More has seen sustained success, with lifetime sales reaching $30 million by 2018.
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.
What Is Nuts ‘N More’s Most Popular Product?
Nuts ‘N More offers a variety of high protein spreads and peanut butter powders.
According to their website, their Salted Caramel Peanut Butter is a fan favorite and is made from only the freshest peanuts, caramel flavors, sea salt, and packed with whey protein isolate and flax for added protein and Omega 3’s.
The Salted Caramel Peanut Butter is also non-GMO, high in protein, low in sugar, and high in fiber.
While Nuts ‘N More offers a variety of unique flavors such as Cinnamon Raisin Almond Butter and Chocolate Maple Pretzel, their Salted Caramel Peanut Butter appears to be their most popular product.
It is worth noting that Nuts ‘N More’s Cookie Butter flavor is also a popular choice among customers.
How Has The Company Grown Since Appearing On Shark Tank?
Appearing on Shark Tank has been a powerful way for entrepreneurs to grow their business. Entrepreneurs that appeared on Shark Tank saw huge boosts in traffic, revenue, and customers, even if they didn’t get a deal with one of the Sharks.
For example, Nopalera received 6,000 orders in eleven days and made over $300,000 in sales after appearing on Shark Tank.
Simple Sugars went from getting about 1,000 online orders in a few months to 10,000 orders the night their episode aired, and finished out 2013 with $2.1 million in sales, compared to 2012 when they closed at $88,000 in sales.
Some of the companies that struck deals with the Sharks have gone on to great success, including tripling and even quadrupling their annual sales.
Scrub Daddy, Bombas, and Squatty Potty are the show’s three most successful businesses.
Bombas made $1.2 million in sales two months after Daymond John invested $200,000 for 17.5% equity, and as of 2019, the business was making $100 million a year.
Appearing on Shark Tank isn’t just a chance to raise capital, it gives entrepreneurs free national publicity. Entrepreneurs can hone their pitching skills and prepare them for the challenges of building a company.
Some entrepreneurs that appeared on Shark Tank saw huge boosts in traffic, revenue, and customers, even if they didn’t get a deal with one of the Sharks.
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.
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.
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.
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.
