Reely Hooked Fish Shark Tank Net Worth 2023
Steven and James were entrepreneurs who sought an investment of $75,000 in exchange for a 25% ownership stake in their business, Reely Hooked Fish, when they appeared on the television show Shark Tank.
By offering this deal, they valued their company at $300,000.
What was Reely Hooked Fish? Who were the Founders of Reely Hooked Fish?
Reely Hooked Fish was a small enterprise located in Pembroke Pines, Florida that specialized in producing a wholesome smoked fish dip. They combined their seafood with natural ingredients obtained from local farmers’ markets.
The dip highlights the taste of the fish and avoids using excessive fillers. It is made using a proprietary formula that is both unique and authentic in flavor.
After being caught, the fish is stored on ice and transported to their plant where it is professionally filleted and cleaned. It is then immersed in their exclusive brine before being smoked for an extended period with locally-sourced woods.
Reely Hooked dips are made with Greek yogurt, which has fewer calories and more protein than traditional mayonnaise-based products. The result is a smoky, sweet, and nutritious dip that has gained a following of dedicated fans.
Steven Markley and James Arcaro are the two entrepreneurs responsible for this delicious dip. Both co-workers share a passion for fishing and enjoy eating their catch.
They use traditional family techniques to prepare their freshly caught seafood, and their smoked fish dip has become a favorite among their friends and family.
Reely Hooked Seafood Company’s signature dip is made with amberjack and kingfish (also known as king mackerel), caught by the duo on their own boat in the waters near Fort Lauderdale.
Reely Hooked Fish Shark Tank Pitch
Steven and James made an appearance on episode 11 of Shark Tank season 9 with the intention of obtaining $75,000 for a 25% ownership of their company. This would value their company at $300,000.
During their presentation, they shared their story and provided samples of their product to the Sharks. There was some discussion and negotiation about the ingredients before they got down to business.
After three months of sales, their product had only generated approximately $10,000 in revenue. They had managed to sell their product through three craft breweries and one small shop.
The cost to manufacture each container of their product was $4.50, and the cost to sell it was $12. They believed that they could reduce their manufacturing costs by purchasing fish in larger quantities.
Their goal was to invest in their company in order to improve their facility and run the business full-time.
One of the Sharks, Daymond, felt that their product needed to be sold in more than just three breweries. Lori complimented their dip but felt that it would be difficult to scale and decided not to invest.
Robert was uninterested in their low sales and left the deal quickly. Kevin O’Leary felt that their company’s valuation was too high and decided not to invest as well.
Mark asked if they could generate $1000 in sales each week, and they responded positively. Mark offered them exactly what they were asking for – $75,000 for 25% ownership, and they accepted.
After their appearance on Shark Tank, their product, Reely Hooked Fish Co., was branded as “A Mark Cuban Company” and was introduced to various establishments in Florida, such as Luekens Wine & Spirits, Badfins Food + Brew, Da Kine Poke, and Sweetest Knights Key West, among others.
Shipping was a challenge due to the fresh fish in their product, so they were only able to collect email addresses until they could resolve the shipping issue. Their Facebook page has not been updated since July of the previous year, and their website is no longer available.
According to Steven Markley’s LinkedIn page, he founded a pool service company called Pools Next Door in July of 2019, but it appears to have closed in June of 2021.
What is the Net Worth of Reely Hooked Fish?
Steven and James appeared on Shark Tank in search of $75,000 for a 25% stake in their company. This equates to a $300,000 valuation.
Who were the Competitors of Reely Hooked Fish?
There are no competitors identified for Reely Hooked Fish.
Reely Hooked Fish Updates
Reely Hooked Fish Co. is a company that appeared on Shark Tank in Season 9, Episode 11. The company was founded by two firefighters from Florida, James Arcaro and Steve Markley, who perfected a family recipe to create their smoked fish dip.
The dip was made with kingfish and amberjack that the men caught on their own. The dip was unique because it had Greek yogurt as the base, which helped cut down on calories and added protein to the snack. The company asked for $75,000 for 25% equity and received an offer from Mark Cuban.
After appearing on Shark Tank, Reely Hooked Fish Co. began making its way into several Florida restaurants, just as Mark Cuban suggested in the episode. However, the company never went national, as the dip was never shipped fresh across the country.
Unfortunately, the company went out of business. The last post on their Facebook page was in 2019, and their official website no longer exists. He started Pools Next Door, a pool ….
Reely Hooked Fish Shark Tank Net Worth 2023
| TOPIC | INFORMATION |
| Founders | Steven Markley and James Arcaro |
| Product | Smoked fish dip made with Greek yogurt |
| Shark Tank Pitch | Asked for $75,000 for a 25% ownership stake, a valued company at $300,000 |
| Shark Tank Outcome | Received investment from Mark Cuban |
| Competitors | No competitors identified |
| Net Worth | $300,000 |
| Updates | Went out of business after appearing on Shark Tank |
Reely Hooked Fish FAQS
What Is Reely Hooked Fish?
Reely Hooked Fish is a small business located in Pembroke Pines, Florida that produces a nutritious, smoked fish dip made with fresh fish. The company was founded by two firefighters, James Arcaro and Steve Markley, who perfected a family recipe to create their smoked fish dip.
The dip is made with kingfish and amberjack that the men catch on their own boat in the waters near Fort Lauderdale. They use locally sourced ingredients and brine all their fish for 8 hours. After the fish is ready, it’s smoked low and slow with native hardwoods.
Once smoked, they add their “secret fruit” and a non-mayonnaise alternative that enhances the flavor of their fish.
Reely Hooked Fish appeared on Shark Tank season 9 episode 11 on November 12th, 2017. During their pitch, they asked for $75,000 for 25% of their nutritious fish dip business. They valued their company at $300,000.
They were hoping to obtain fish in bulk to lower production costs as well as build an improved facility. The Sharks were impressed with the dip and the company’s mission, but ultimately, they did not invest.
Since their appearance on Shark Tank, Reely Hooked Fish has had some success. Their dip is currently available in select locations throughout Florida and on the company website. One tub costs $12 and a three-pack is $32.
To maintain a fresh product, they only ship on Tuesdays. However, it seems as if the company has not been active on social media since 2019 and an official website does not exist.
How Does Reely Hooked Fish Works?
Reely Hooked Fish Co. is a fish business located in Pembroke Pines, Florida, that produces a unique smoked fish dip. The company uses natural ingredients purchased from local farmers, and the dip focuses more on the fish than on the fillers.
The dip is created using a proprietary formula that gives it its authentic and distinctive flavor. The fish is wild-caught from sustainable fisheries in Florida waters, and it is mixed with natural ingredients that are hand-selected from local farmers’ markets.
The fish is then professionally filleted and cleaned before being immersed in a distinctive brine and smoked for an extended period using local woods.
Reely Hooked dips use Greek yogurt as their base, which gives them fewer calories and more protein than other types of yogurts. The dip has a smoky and sweet taste that is approved by almost anyone who tries it out.
The company’s signature dip is made from amberjack and kingfish (king mackerel) that the owners catch off their own boat in the waters off Fort Lauderdale. They use locally sourced ingredients and brine all their fish for eight hours.
After the fish is ready, it’s smoked low and slow with native hardwoods. Once smoked, they add their “secret fruit” and a non-mayonnaise alternative that enhances the flavor of their fish. The finished product is called the “crack” of all appetizers.
Reely Hooked Fish Co. appeared on Shark Tank in 2017, where they asked for $75,000 for 25% of their nutritious fish dip business. The company had $10,000 in total sales in the three months before appearing on the show.
The sharks were impressed with the dip’s taste, but they were concerned about the company’s low sales. Despite its small success, it seems as if Reely Hooked Fishing Co. has not been active since 2019, and an official website doesn’t exist.
What Happened To Reely Hooked Fish After Shark Tank?
Reely Hooked Fish Co. appeared on Season 9, Episode 11 of Shark Tank, where they pitched their healthy fresh fish dip and asked for $75,000 for 25% equity.
Mark Cuban made the deal, and the company began making its way into several Florida restaurants, but it never went national, as the dip was never shipped fresh across the country.
By the end of 2017, Reely Hooked Fish Co. was in a total of five restaurants, a small bump up from the three breweries touted in the Shark Tank pitch.
However, the company went out of business, and their last post on their social media profiles was in 2018.
The business had a hard time branding, and the shipping of the product and catching of new products for the dish was difficult, so they could not do much in terms of sales. The company owner, Steve, has since opened a pool service firm.
What Is The Current Valuation Of Reely Hooked Fish?
Reely Hooked Fish is a small enterprise located in Pembroke Pines, Florida that specializes in producing a wholesome smoked fish dip.
The founders of Reely Hooked Fish, James Arcaro and Steven Markley, appeared on Shark Tank in November 2017 seeking an investment of $75,000 for a 25% stake in their company, which valued their business at $300,000.
As of 2022, the net worth of James Arcaro and Steven Markley is $500,000.
However, the current status of Reely Hooked Fish is unclear. The business is not functioning, which means the company is out of business.
On the other hand, states that the latest deal type for Reely Hooked Fish is “out of business,” and the company’s financing status is “formerly angel-backed.” It is possible that the company has gone out of business since its appearance on Shark Tank in 2017.
In summary, the current valuation of Reely Hooked Fish is unknown as the company’s current status is unclear. The company was valued at $300,000 during its appearance on Shark Tank in 2017, and as of 2022, the net worth of its founders is $500,000.
Is Reely Hooked Fish Still In Business?
Reely Hooked Fish Co. from Shark Tank is no longer in business. The company website has vanished, and the Facebook page has not been updated since 2019.
The company is also no longer listed among Mark Cuban’s companie. The last post on their Facebook page promised that a brick-and-mortar location was in the works, but nothing seems to have developed since then.
The entrepreneurs behind Reely Hooked Fish Co. appeared on Shark Tank in Season 9, seeking $75,000 for 25% equity. Mark Cuban invested in the company, and it began making its way into several Florida restaurants.
However, the dip was never shipped fresh across the country, and the company never went national. The business had a hard time branding, and the shipping of the product and catching of new products for the dish was difficult, so they could not do much in terms of sales.
Steven Markley, one of the founders of Reely Hooked Fish Co., started a pool service company called Pools Next Door in July 2019, but it appears to have closed in June 2021.
The net worth of Reely Hooked Fish Co. is unavailable. The company is no longer in operation, and their social media has not been updated since July 2019.
What is Reely Hooked Fish?
Reely Hooked Fish is a small business in Pembroke Pines, Florida that produces a nutritious, smoked fish dip made with fresh fish.
Who are the Founders of Reely Hooked Fish?
Steven Markley and James Arcaro are the two funders behind this tasty concept.
How much was they seeking in the Shark Tank?
The pair was seeking $75,000 for a 25% stake in their business, which would have valued it at $300,000.
Did they get the deal from the Sharks?
Mark Cuban offered $75,000 for 25% – exactly what they asked for – and they accepted.
What is the Website for Reely Hooked Fish?
The website is no longer active or accessible.
Is Reely Hooked Fish available on Social Media?
Their Social Media has not been updated since July 2019.
Can they buy Reely hooked fish dip?
They are no longer in business.
Is the Reely Hooked Fish firm still in operation?
Reely Hooked Fish is no longer in operation.
Where is Reely Hooked fish dip located?
Reely Hooked Fish Co. was a tiny company situated in Pembroke Pines, Florida that produces a nutritious smoked fish dip.
When was Reely Hooked Fish featured on Shark Tank?
Reely Hooked Fish appeared on Shark Tank season 9 episode 11 on November 12th, 2017.
What kind of fish were they using?
They were using king mackerel, as it smokes well due to its high oil content.
How can they contact Reely Hooked Fish?
Reely Hooked Fish is no longer in operation.
What is the net worth of James Arcaro?
James Arcaro’s net worth is unavailable
What is the net worth of Steven Markley?
Steven Markley’s net worth is unavailable.
When was Reely Hooked Fish founded?
Reely Hooked Fish was founded in 2016.
What were Reely Hooked Fish made with?
Reely Hooked Fish was a smoked fish dip made with Greek Yogurt with apple for extra flavour.
How many calories were there in Reely Hooked Fish?
Reely Hooked Fish had 245 calories in the whole container with 32 grams of protein.
How much were they selling?
Each container was $4.50 to make and retail for $12.
Were Reely Hooked Fish privately or publicly owned Company?
Reely Hooked Fish was privately owned.
