Oatmeals Shark Tank Net Worth 2023
OatMeals appeared on Shark Tank Season 10 and made a deal with Lori Greiner. She offered $500,000 for 33.3% equity and pledged that she would try to get her oatmeal into companies like Starbucks.
The valuation of OatMeals was $2.5 million when it appeared on Shark Tank. Samantha Stephens walked out of the Shark Tank stage securing a deal from Lori Greiner in OatMeals.
The net worth of OatMeals is unknown as of 2022 since the business is out of operation. The founder’s net worth is also unknown.
What are Oatmeals? Who founded OatMeals?
OatMeals, a café located in New York City that began operations on June 27th, 2012, offers a unique twist on traditional oats dishes. The founder of OatMeals is Sam Stephens.
The café serves a form of oats that are de-husked, steamed, and flattened or a form of coarse flour made from hulled oat grains that have been milled or steel-cut.
The term “white oats” is used to refer to ground oats, and “coarse oatmeal,” “Irish oatmeal,” and “pinhead oats” are all different terms for steel-cut oats.
Rolled oats, traditionally thick “old-fashioned oats”, can now come in different thicknesses and sizes and can be classified as “fast” or “instant” based on the cooking time which has been reduced by the oats’ size and pre-cooking.
Oatmeals Shark Tank Pitch
Sam, the founder of OatMeals, has sought an investment of $500,000 for a 20% stake in the company on Shark Tank.
Lori Greiner, who has had success with Bantam Bagels, believes that distributing OatMeals products would be a great way to increase revenue.
She offers $500,000 in exchange for a 33.3% stake in the company, provided that distributors can be found to distribute the product. Lori envisions selecting exceptional flavors and partnering with companies like Starbucks.
Barbara Corcoran thinks that Sam could expand OatMeals by targeting corporate America and having her meals on food carts in businesses, but she wants to invest only in the cart company.
She offers $500,000 for a 50% stake in the cart business, with the condition that the funds can only be used to expand the business into food carts.
Finally, Sam decides to accept Lori’s offer because she believes it aligns best with her vision for the future of OatMeals. She hopes that Lori’s expertise and success with Bantam Bagels will help OatMeals achieve similar success.
Competitors of Oatmeals
OatMeals competitors include companies that produce oatmeal using oatmeal, such as Quaker and other firms that offer other types of oats other than steel-cut.
a) Quaker: While steel-cut oats are more expensive, Quaker offers a wider variety of products. Given the health benefits, I would opt for steel-cut oats.
b) Weetabix: Similar to Quaker, steel-cut oats are more costly, but it is considered healthier compared to Quaker. Additionally, Quaker is more expensive than Weetabix. OatMeals products can be found in local grocery stores such as Whole Foods and Trader Joe’s.
c) Mountain House: This brand stands out from the other competitors as it doesn’t produce oatmeal using steel-cut oats, instead specializing in freeze-dried food and emergency food sources.
d) Nestle: Nestle is another competitor that produces and sells oatmeal. While they typically use oats to produce Quaker oats, they have decided to produce oatmeal using steel-cut oats, which could be a potential source of profit for the company.
Oatmeals Shark Tank updates
OatMeals is a New York City-based oatmeal restaurant that appeared on Shark Tank in 2018. Samantha Stephens, the founder of OatMeals, asked for $500,000 for 20% equity in her business.
Lori Greiner offered $500,000 for 33.3% equity, which Stephens ultimately accepted. The deal between OatMeals and Lori was never finalized, and the company went out of business due to the COVID-19 pandemic in 2021.
Despite the closure of the restaurant, Stephens continues to post oatmeal recipe ideas on the Oatmeals Facebook page and sell her granola online. OatMeals was not the only oatmeal-based business to appear on Shark Tank.
In season 9, Mark Cuban offered $300,000 for 10% of MUSH, another oatmeal-centric brand. Another oat-based food product, Oat Haus, appeared on Shark Tank in 2021 but did not receive a deal.
In conclusion, OatMeals was a New York City-based oatmeal restaurant that appeared on Shark Tank in 2018 and received an investment from Lori Greiner. However, the deal was never finalized, and the company went out of business due to the COVID-19 pandemic in 2021.
Despite the closure of the restaurant, Stephens continues to post oatmeal recipe ideas on the Oatmeals Facebook page and sell her granola online.
Oatmeals Shark Tank Summary:
| OATMEALS SHARK TANK SUMMARY | DETAILS |
| Pitch | OatMeals asked for $500,000 for a 20% stake. Lori Greiner offered $500,000 for a 33.3% stake. |
| Valuation | OatMeals was valued at $2.5 million on Shark Tank. |
| Outcome | The deal between OatMeals and Lori was never finalized. The company went out of business due to the COVID-19 pandemic in 2021. |
| Founder | The founder of OatMeals is Sam Stephens. |
| Competitors | OatMeals competitors include Quaker, Weetabix, Mountain House, and Nestle. |
| Updates | Despite the closure of the restaurant, Stephens continues to post oatmeal recipe ideas on the Oatmeals Facebook page and sell her granola online. |
Note: The net worth of OatMeals and its founder are unknown as of 2022.
Oatmeals Shark Tank update FAQs
What Is Oatmeals, Founded Oatmeals And How Does It Work?
OatMeals is a specialty café that focuses only on oatmeal. It was founded by Sam Stephens in 2012. Stephens developed her passion for oatmeal as a college student and began experimenting with different oatmeal bowls.
She attended courses at NYU’s School of Professional Studies in Food Writing and Business Management while still working full time in investment banking. After nearly a 12-year journey, she opened the first OatMeals café in the West Village in New York City.
OatMeals offers a variety of oatmeal bowls, including Stephens’ own creations such as “the Elvis,” topped with peanut butter, banana, bacon, honey, and sea salt. Customers can also build their own oatmeal bowl with the many toppings provided.
Quaker Oats named Stephens their “Creative Oatmeal Officer” in 2013, and she has held the title ever since. Her duties include educating consumers on the many creative ways to serve oatmeal.
OatMeals faced hardships related to the COVID-19 pandemic and shut its doors on January 24, 2021, but it still operates online, shipping granola through the website.
What Happened To Oatmeals After Shark Tank?
OatMeals is a New York City-based business that was the world’s first all-oatmeal cafe. Samantha Stephens, the founder of OatMeals, appeared on Shark Tank in 2018 seeking $500,000 for 20% of her business.
Lori Greiner offered $500,000 for a 33.3% stake in OatMeals, and Stephens ultimately chose Greiner. However, the deal between OatMeals and Greiner was never finalized.
Unfortunately, OatMeals fell victim to the COVID-19 pandemic and closed its doors on January 24, 2021. Despite this setback, Stephens continues to post oatmeal recipe ideas on the Oatmeals Facebook page and sell her granola online.
It is unclear whether OatMeals will return in the future. While it is always sad when a promising business is forced to cease operations, there is no doubt that Stephens’ nutritional oatmeal foods were a popular selection for each of the Sharks.
What Is The Current Valuation Of Oatmeals?
The valuation of OatMeals was $2.5 million when it appeared on Shark Tank. However, the net worth of OatMeals is unknown as of 2022 since the deal between OatMeals and Lori Greiner was never finalized.
Although Lori offered $500,000 for a 33.3% stake in OatMeals, she was never granted permission to franchise the business and expand its footprint.
Despite this, OatMeals products are still available online, and Samantha Stephens works as a brand ambassador for Quaker Oats, writing blogs and recipe books about the company’s products. Therefore, it is unclear what the current valuation of OatMeals is after Shark Tank.
Is Oatmeals Still In Business?
The OatMeals business closed its doors on January 24th, 2021, due to the business impact of COVID-19. However, the website also states that the company is still selling its granola through the online shop.
The founder of OatMeals, Sam Stephens, is continuing to work with Quaker Oats, spreading oatmeal versatility with the world. She is also working on a recipe blog and cookbook so she can share her inventive recipes with others.
Although OatMeals closed its doors in 2021, the brand continued to have a social media presence on Instagram and Facebook through March 2022, sharing oatmeal-related tips and inspiration.
The Shark Tank Blog reports that the deal with Lori Greiner never closed, but that didn’t mean that Stephens was out of business. The New York City location of OatMeals was still open, and Stephens also had a partnership with Quaker Oats.
What is her background?
Originally from Virginia, she moved to the Big Apple to pursue her college education.
What Is Oatmeal Restaurant in New York?
If you could imagine eating this typical breakfast food for lunch as well as dinner, then you will love Oatmeals, a trendy restaurant in New York.
Who should choose their menu?
With over 30 sweet, savory, and, pastry dishes on their menu, it is ideal for the health-conscious looking for a unique culinary experience.
What is next for Oatmeals?
She still sells Oatmeals products online and works as a brand ambassador with Quaker Oats, focused primarily on writing blogs and recipe books using their products.
What was their first business idea?
By taking inspiration from New York’s trendy restaurant scene and with her approach to healthy living, an idea for a restaurant focused primarily on oats-based meals started to take shape in her head.
What is Foodable?
Foodable is the premier Network for the Restaurant and Hospitality industry.
Where Are OatMeals NY Now?
OatMeals NY has maintained its one and only location in New York’s Greenwich Village where, it continues to serve oatmeal lovers through delivery and takeout.
What is the best oatmeal?
Steel-cut oats prepared to perfection.
What’s the best oatmeal-in-a-ball?
GoOats Strawberry Oatmeal-in-a-Ball is bursting with fresh strawberry flavor and wholesome steel-cut oats.
What are the benefits of GoOats?
It will get you started in the morning, or keep you going any time of day.
What are your thoughts on GoOats?
Protein-packed GoOats are tender on the inside and irresistibly crispy on the outside, full of natural flavors like cranberries and walnuts.
What is the difference between a healthy lifestyle and an unhealthy one?
Our company was founded on the belief that better food yields better outcomes.
What is the deal?
Sam Stephens secured a deal with Lori at $500,000 for 33.3%
What is Go Oats?
Essentially, Go Oats is oatmeal in a ball that can be quickly warmed up for a delicious breakfast on the go.
What Were Oats Used For?
The Romans and Greeks did this while Victorian England used oats to feed castoff orphans and horses in stables.
What are the benefits of eating at The Oats?
On top of that, you can customize your own bowl by adding the oats you want and only them.
What was the goal of OatMeals?
The brainchild of Sam Stephens, a former investment banker, OatMeals is hoping to spread its wings and fly.
Who Should Visit OatMeals Cafe?
The OatMeals cafe is for everyone in NYC who has a liking for oats.
What happened to OatMeals after shark tank?
She accepted the offer and is planning to use it to open up another NYC-based cafe, one that will offer both oatmeal and Quaker products for sale.
She is also planning to use this money to start a food truck and expand her empire to other cities in the US.
Did oatmeal from shark tank get into Starbucks?
Yes indeed, they are starting to carry oatmeal for breakfast in their stores.
Who Owns OatMeals NY?
Sam Stephens owns OatMeals NYC and so does Quaker Oats.
What is OatMeals NY?
Oatmeals NYC is owned by Sam Stephens. She bought Quaker Oats, which has oatmeal as one of the side products they sell.
What is Quaker Oats?
Quaker Oats is a food manufacturing company that also owns the oatmeal brand GoOats.
They are based in York, Pennsylvania, and have over 135 years of history-making cereal and snacks.
What is oatmeal worth?
Oatmeal is potentially worth a lot of money, perhaps in the billions.
i) Are There Any Alternatives?
There are also other healthy foods that you can replace oats with; things like fruits, nuts, and seeds.
Why people don’t like to eat oats?
It wasn’t until the late 19th century that people were able to discover that oats made great nutrition for them.
Did OatMeals make it to Starbucks?
Oatmeal in a Ball? What they did was change it up quite a bit, and make it more palatable to the masses.
