Project Pollo Shark Tank Net Worth-What Happened to The Players Trunk After the Shark Tank Pitch?
What is Project Pollo Shark Tank’s Net Worth?
Project Pollo company was valued at $50 million when Bradbury appeared on Shark Tank in September 2021, but the sharks did not offer him a deal. As of 2023, Project Pollo estimated net worth is unknown
It is a vegan fast-food chain founded by Lucas Bradbury that has grown to 13 locations in Texas and 8 more branches in places such as Colorado, Boulder, Arizona, and Las Vegas by the end of 2022.
The company has an average rating of 4.5 stars from 165 reviews on Yelp and makes an estimated $10 million in annual revenue. Bradbury’s goal is to expand his chain across the country by 2024.
What Is Project Pollo? Who Is The Founder Of Project Pollo?
Project Pollo is a plant-based fast-food restaurant chain that was founded in San Antonio, Texas in 2020. The company’s mission is to create a foundation for sustainable consumption while providing a platform and opportunity to facilitate a change in mass consumption.
Project Pollo offers meatless chicken sandwiches made from TiNDLE and burgers from Beyond Meat. The menu features a “pay what you can” option, which allows customers to pay what they can afford for their meals.
Project Pollo has 12 brick-and-mortar units and two food trucks in Texas, with plans to expand into Boulder, Colorado; Las Vegas; Arizona; Nashville; Atlanta; Tampa; and Miami.
The company plans to franchise its business after receiving interest from as many as 250-300 people per day, thanks in part to the publicity it received on Shark Tank.
Lucas Bradbury is the founder and CEO of Project Pollo, a vegan fast-food chain that serves plant-based versions of fast-food items including chicken burgers.
Bradbury founded Project Pollo in 2020 with the mission of creating a foundation for sustainable consumption while providing a platform and opportunity to facilitate a change in mass consumption.
He sold his house to get the capital to build a foundation for the first two locations, starting with the food truck at Roadmap Brewing and the location in Austin.
Project Pollo has grown quickly, with more than a dozen restaurants across Texas in just one year. Bradbury valued his company at $50 million when he appeared on Shark Tank in September 2021. As of May 2022, Project Pollo is expected to have about 22 restaurants open by the end of the year.
What Happened To Project Pollo At The Shark Tank Pitch?
Lucas Bradbury appeared on the television show Shark Tank and asked for $2.5 million in exchange for a 5% ownership stake in his business, Project Pollo.
The goal of the business is to make plant-based foods more accessible to people. The sharks tried the food samples and found them tasty.
Kevin, also known as Mr. Wonderful, was impressed with Lucas but was not willing to invest at the proposed valuation, so he declined. Mark did not believe that the food was healthy and he also disagreed with the proposed valuation, so he opted not to invest.
Kevin Hart thought that Lucas was moving too fast and therefore, chose not to invest. Barbara likened Lucas’ business to Tom and Chee, which went bankrupt due to their rapid growth. Therefore, she also decided not to invest.
Lori expressed uncertainty about the rapid growth of the business and declined to invest as well. In the end, none of the sharks chose to invest in Lucas’ business.
What Happened To Project Pollo After The Shark Tank Pitch?
Project Pollo is a vegan chicken and plant-based meat chain that was pitched on Shark Tank by its founder, Lucas Bradbury. During the pitch, he asked for $2.5 million for a 5% stake in his business, which gave Project Pollo a valuation of $50 million.
The sharks were impressed with the taste of the samples but were not willing to invest at such a high valuation. Despite not getting a deal on Shark Tank, Project Pollo continued to expand and grow. As of August 2022, it had 19 restaurants all over Texas and was planning on launching more shortly.
Project Pollo has been featured in various magazines, including QSR Magazine and San Antonio. It is still in business and doing great.
In 2023, it planned to offer franchises by 2023 and had planned a university program for the end of that year. The goal of the founder is to expand his chain across the country by 2024.
Is Project Pollo Still In Business?
Yes, Project Pollo is still in business. According to their website, they are a 100% plant-based fast-food chain with a focus on affordability and accessibility. As of September 2022, they have expanded to 20 locations.
They also have plans to expand outside of Texas. Despite not receiving an investment from the sharks on Shark Tank, Project Pollo continues to grow and serve their customers with their proprietary plant-based chicken recipe.
