Quevos Shark Tank Net Worth 2023
Quevos Shark Tank Net Worth
After appearing on Shark Tank in 2021 January, the company raised $72,000 on Kickstarter and closed a deal with investor Daniel Lubetzky for $200,000 in exchange for 5% equity giving Quevos a valuation of $4 million.
Since then, Quevos has expanded into new markets such as Canada and Australia, generated more than $2 million in revenue last year, doubled its prior-year sales volume, and is now available in the United States as well as internationally.
The brand also recently launched a new flavor called “Quevos Rancheros” which includes one pack each of Honey Mustard, Dill Pickle, and Quevos Rancheros, and two packs of Sour Cream and Onion.
After the shark tank investment, Quevos net worth was estimated at $4 million.
Quevos, a chipmaker through Egg Whites founded by Nick Hamburger and Zack Schreier in 2018, has an estimated net worth of $4 million.
What is Quevos? Who is the Founder of Quevos?
Quevos are the original egg white chips that come in a range of flavors and are high in protein. They are available in four flavors: sour cream and onion, honey mustard, dill pickle, and Quevos rancheros, and are an excellent option for people with diabetes.
Zach Schreier and Nick Hamburger are the co-founders of Quevos. The two friends have been working together since sixth grade and have remained close throughout high school and college. Although both initially dropped out of college, Schreier eventually returned while Hamburger pursued his passion for mental health.
Schreier and Hamburger had always wanted to work together, and the opportunity arose when Schreier, who is a Type I diabetic, discovered crispy egg white bits while preparing eggs. He spent two years refining the recipe with his friend Nick and his sister until they finally launched the product.
The initial manufacturing run sold out quickly, and the company raised over $70,000 through a Kickstarter campaign in 2019. The chips are made from egg whites, milk, and coconuts, making them low in net carbs and perfect for people on a keto diet.
Quevos chips are available on Amazon and cost around three dollars per bag. They can also be found in various mom-and-pop health stores as well as in stores like Vitamin Shoppes and Hannaford.
Quevos Shark Tank Pitch
Following a successful Kickstarter campaign and product launch, Nick and Zach approached Shark Tank investors to help grow their brand. They requested $200,000 for a 5% stake in their $4 million company.
The Sharks were impressed with the chips and their sales. Despite the Covid-19 pandemic, Nick and Zach anticipated $3 million in sales for 2020. Kevin offered $200,000 in exchange for a ten-cent per bag royalty until he recouped $400,000 and 2.5% of the stock.
Daniel also offered $200,000, but in exchange for 10% and a $200,000 line of credit. They accepted Daniel Lubetzky’s offer, and he became their partner.
After the show, Lubetzky used some of the investment money to rebrand the packaging. Since partnering with Lubetzky, Quevos has expanded its retail presence to include Whole Foods Markets, Wegmans, and other stores. The company is rapidly growing, and by 2025, they expect to generate $1 million in sales for the year.
Net Worth of Quevos
During the pitch, the company was valued at$4 a million, and in 2021 the company has a net worth of about $5 million.
Quevos FAQs
What is Quevos?
Quevos are low carb chips made from egg whites. Quevos is the original egg white chips, come in a variety of tastes and are high in protein.
They have four varieties available: sour cream and onion, honey mustard, dill pickle, and Quevos rancheros. Quevos are an excellent choice for people suffering from diabetes.
Who is the Founder?
Quevos was founded by Zach Schreier and Nick Hamburger.
What is their offer at Shark Tank?
They were looking for $200,000 for a 5% stake in their $4 million company.
Did they get the offer?
Yes, they did get an offer from Shark Tank Investor Daniel Lubetzky.
How much deal did they seal?
They sealed the deal with Daniel Lubetzky for $200,000 in exchange for a 10% and a $200,000 line of credit.
What is their worth?
Quevos is worth $5 Billion.
What happened after the episode was over?
They partnered with Lubetzky. They are expanded their retail reach to include Whole Foods Markets, Wegmans, and others. By 2025 they plan to make $1 million in sales for the year and is growing rapidly.
Are Quevos good?
Quevos are egg white-based chips that are strong in protein and low in carbs. Finally, a delicious, crunchy, and healthy snack that you can enjoy guilt-free!
Traditional starchy snacks such as pretzels or potato chips were inconvenient for Zack since they required an insulin injection.
Are Quevos chips Keto?
Quevos Keto Friendly Egg White Chips are crisp and bursting with flavor, delivering the nutrients and purity of an egg white omelet.
If they manage their carbohydrate intake or living a ketogenic lifestyle, Quevos Keto Friendly Egg White Chips can quell their chip cravings.
How many carbs are in Quevos?
One bag of Quevos has 15g protein, 9g dietary fat, and 12g carbs (9 grams of which are fiber).
Are Quevos chips healthy?
Quevos chips are an excellent source of protein, fiber, and healthy fats that not only taste delicious but are also beneficial to the body.
According to the website, “Quevos are high protein, low carbohydrate chips manufactured from egg whites.” Finally, a delicious, crunchy, and healthy snack that they can enjoy guilt-free!
Is Quevos gluten free?
Gluten-free and grain-free Quevos are available in all varieties (all flavors except Honey Mustard). They are created with natural foods such as egg whites, prebiotic fiber, and chia seeds.
Are quest chips vegan?
No. They employ whey protein and milk protein isolate as components to achieve their objective of creating the best-tasting, healthiest goods possible.
Is Quevos egg white chips gluten free?
Quevos are gluten- and grain-free low-carb, low-sugar snacks produced with natural components such as egg whites and prebiotic fiber.
Where are Quevos made?
The chips are manufactured in a facility in the Chicago neighborhood of McKinley Park. According to Hamburger, Quevos generated approximately $260,000 in revenue in 2019. Quevos earned $1.1 million in 2020.
Are simply 7 Lentil chips fried?
The items are first baked to ensure proper cooking and then flash-fried for a few seconds to add texture. The majority of cooking is done in the oven.
Additionally, their raw materials do not absorb as much oil as potato chips, resulting in a lower fat content.
Are quest proteins chips baked or fried?
With 22g of protein and only 2g of carbohydrates, these baked, not fried, gluten and soy free chips are the ideal crispy snack.
How do you make Quevos?
The egg whites are bought from local egg farms in Chicago. They are then sent to a processing facility in the suburbs to ensure the highest safety standards.
Are Quevos a good choice for a snack?
These chips provide 22g of protein and 3g of fiber per serving, making them an excellent choice before or after a workout, for kids’ lunches, or as a midday snack.
What is the net worth of Nick Hamburger?
He has net worth is estimated to be $150 million.
What is the net worth of Zach Schreier?
He has a net worth of about $150 million.
