Salted Shark Tank Net Worth 2023

Salted entered the Shark Tank seeking an investment of $500,000 for a 5% stake in the company, giving a valuation of $10 million .

However, none of the Sharks decided to invest as they didn’t feel that the company would have enough customers in the marketplace.

After rounds of Venture Capital investments, Salted expanded to 17 kitchens and planned on opening up to 50 locations by the end of 2022.

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Since airing, Salted continues to operate in LA, San Francisco, Chicago, and Columbus and is actively hiring.

As for Salted Restaurant Group’s net worth in 2023, there is no information available online that answers this question directly. Therefore, it is impossible to determine their net worth in 2023 based on current search results.

What is Salted? Who is the Founder of Salted?

Salted is a start-up that provides restaurants with the option to ditch their dine-in service and exclusively offer delivery or pick-up.

They serve as an umbrella for several restaurant brands that are solely intended for delivery or pick-up. Salted believes that they can offer better value and cuisine while maintaining higher profit margins.

Their current restaurants or businesses include Cauliflower Pizza, moonbowls (Korean Cuisine), Ginger Bowl (feel good Chinese-inspired food), The $5 Salad Company, F/ck Gluten, and Thrive Kitchen, all of which offer low-carb keto-style food. Food is delivered through their marketplaces using any food delivery service, such as GrubHub and DoorDash.

Salted’s brands are currently available in Los Angeles, San Francisco, Chicago, and Columbus, with plans to expand to other locations in the future. In addition, Salted’s kits are sold in approximately 2000 Whole Foods Markets, Gelsons, and other retailers.

The Salted Restaurant Group was founded and is led by Jeff Appelbaum, who has extensive knowledge and experience in social media and brand creation.

He’s a serial entrepreneur with experience in e-commerce and customer acquisition.

Jeff has previously developed and led DealQuad, the premier group commerce site for college students, and was a co-founder and manager of Buzzpoint, a social media and integrated marketing agency that creates strategies for Fortune 500 organizations.

Salted is revolutionizing the restaurant industry by being a delivery-only brand. Unlike parent companies such as Darden Restaurants, which owns Olive Garden, Longhorn Steakhouse, and Bahama Breeze Island Grille, and Bloomin’ Brands, which owns Outback Steakhouse, Bonefish Grill, and Carraba’s Italian Grill, Salted offers delivery-only brands with no dining rooms or tables where you can consume a meal.

All Salted brands are made in ghost kitchens and delivered by services like DoorDash, GrubHub, and Uber Eats. Salted is paving the way for the future of restaurant groups.

Summary Table: Salted Shark Tank

INFORMATION	ANSWER
Company Name	Salted
Founder	Jeff Appelbaum
Pitch on Shark Tank	$500,000 for 5% equity
Shark Tank Valuation	$10 million
Sharks’ Decision	No deal
Sales Revenue	$1 million
Venture Capital Funding	$9 million
Number of Locations in 2022	Approximately 80
Current Locations	Los Angeles, San Francisco, Chicago, Columbus, Atlanta
Brands	Cauliflower Pizza, moonbowls, Ginger Bowl, The $5 Salad Company, F/ck Gluten, Thrive Kitchen
Net Worth 2023	Unknown
Competitors	None identified

Salted Shark Tank Pitch

Jeff appeared on an episode of Shark Tank’s eleventh season, seeking $500,000 for a 5% stake in his company, implying a valuation of $10 million.

He presented his business plan and offered samples to the Sharks. Although they enjoyed the food, they were apprehensive about the company’s viability.

The company’s sales were impressive, with $1 million in revenue, but it wasn’t profitable. Other investors who had invested in the company were also concerned about the lack of returns.

Jeff was also having difficulty gaining visibility on various delivery platforms. Ultimately, Jeff turned down the Sharks’ offer and left without reaching an agreement.

Despite failing to secure a deal with the Sharks, the company continued to operate and was actively hiring during the Covid-19 pandemic.

In May 2021, Famine Development Corp, Craft Ventures, Valour Equity Partners, Proof Ventures, and Wonder Ventures invested $4 million in venture capital financing, bringing the company’s total venture capital funding to $9 million.

At the time, the company had 17 storefronts and aimed to expand to approximately 80 locations by the end of 2022, with a focus on underserved areas with few or no healthy fast food options.

What is the Net Worth of Salted?

Jeff appeared on Shark Tank season 11 episode 23 in search of $500,000 for a 5% stake in his firm. This suggests a $10 million valuation.

The current valuation is unavailable.

Who are the Competitors of Salted?

There are no competitors identified for Salted.

Salted Shark Tank Updates

Salted is a food delivery service that enables various restaurants to deliver their food through them. The company aims to rise above the dine-in business to cut margins and earn more profit.

At present, they have six brands under their wings, including Cauliflower Pizza, moonbowls, Ginger Bowl, The $5 Salad Company, F/ck Gluten, and Thrive Kitchen.

The company believes that one can save the time and resources one would often put into building infrastructure and developing a client base through a business venture like this. The company also sells meal kits named Blue Apron and Plated that sell in the whole food section.

Salted appeared on Season 11, Episode 23 of “Shark Tank”. The company was seeking an investment of $500,000 for a 5% stake in the company.

However, none of the Sharks decided to invest in the company as they didn’t feel as if the company would have enough customers in the marketplace. Salted left the Shark Tank without a deal as no Shark thought that they were worth the investment.

Despite not receiving an investment from the Sharks, Salted survived and is still operating in major cities like Atlanta, Chicago, Houston, Los Angeles, and Philadelphia, with 80 locations as of 2023.

The company has not added any new locations as of January 2023. The pandemic helped the food delivery sector flourish, and Salted evidently survived (if not thrived) during those turbulent times.

Salted FAQS

What Is Salted Shark Tank?

Salted is a food delivery service that appeared on Season 11, Episode 23 of Shark Tank. The founder, Jeff Applebaum, pitched the idea of a delivery-first restaurant service that could be delivered out of the same kitchen.

Salted is actually a collection of businesses that are designed for delivery or pick-up only. The company is a platform for scaling better-for-you restaurant brands, without the overhead of actual restaurants.

Salted uses a data-driven model to promote healthy, quality food, which is prepared in ghost kitchens for delivery and pickup.

Salted’s brands include the $5 Salad Co., Califlower Pizza, Lulubowls (gluten-free Hawaiian food), Moonbowls (plant-heavy Korean dishes), and Thrive Kitchen (post-workout meals). The company aims to scale these brands up while avoiding the overhead costs of dine-in food service.

Salted operates its brands in cities across the country, powered by its tech-enabled kitchens and proprietary software.

It is unclear whether Salted received a deal on Shark Tank. The sharks were not impressed with what Jeff offered. However, Salted has continued to operate and expand its delivery-only restaurant service.

How Does Salted Shark Tank Work?

Salted is a collection of businesses designed for delivery or pick-up only. It is a platform for scaling better-for-you restaurant brands, without the overhead of actual restaurants.

Salted is a food delivery service that hoped to capitalize on the pick-up and delivery space by focusing on consistent, quality food offerings.

The company is an umbrella for different restaurant brands, and it aims to maximize space, increase profitability, and satisfy demand for a variety of food options.

Salted operates its brands in cities across the country, powered by its tech-enabled kitchens and proprietary software. The company’s live cities include Los Angeles, San Francisco, Chicago, Columbus, Houston, Austin, Atlanta, Philadelphia, and Tempe.

Salted’s brands include the $5 Salad Co., Califlower Pizza, Lulubowls (gluten-free Hawaiian food), Moonbowls (plant-heavy Korean dishes), and Thrive Kitchen (post-workout meals).

Jeff Applebaum, the founder of Salted, brought his delivery-first restaurant service to Shark Tank in Season 11. He asked for $500,000 in exchange for 5% equity, but the sharks were not impressed with what he offered, and he did not get a deal.

Despite not getting a deal, Salted has continued to operate and expand its platform for scaling restaurant brands without the overhead of actual restaurants.

What Is Happened To Salted After Shark Tank?

Salted is a food delivery service that appeared on Season 11, Episode 23 of Shark Tank. The founder, Jeff Applebaum, pitched the idea of bringing the restaurant to the home table by delivering food from various restaurants through Salted.

Salted entered the Shark Tank seeking an investment of $500,000 for a 5% stake in the company, giving a valuation of $10 million. However, none of the Sharks decided to invest as they didn’t feel that the company would have enough customers in the marketplace.

After rounds of venture capital investments, Salted expanded to 17 kitchens and planned on opening up to 50 locations by the end of 2022. As of 2023, Salted is still operating in major cities like Atlanta, Chicago, Houston, Los Angeles, and Philadelphia, with 80 locations.

The company is actively hiring and selling meal kits named Blue Apron and Plated that sell in the whole food section. Salted survived and even thrived during the pandemic when the food delivery sector flourished.

In conclusion, Salted did not get a deal on Shark Tank, but the company continued to operate and expand after rounds of venture capital investments.

As of 2023, Salted is still operating in major cities and selling meal kits. The company survived and even thrived during the pandemic when the food delivery sector flourished.

Is Salted Shark Tank Still In Business?

According to the search results, Salted from Shark Tank is still in business as of 2023. Salted is a platform for scaling better-for-you restaurant brands without the overhead of actual restaurants.

The company operates in several big cities, including Los Angeles, San Francisco, Chicago, Houston, Austin, Atlanta, Philadelphia, Columbus, and Tempe. As of 2023, Salted has 80 locations and hopes to have another 80 locations up and running.

Salted is a food delivery service that prepares food specifically for online orders. The company operates as a ghost kitchen, which is a business that has no dining rooms and may license out their fully managed end-to-end operations to popular brands.

Salted’s six brands are still serving their niche foods, and the company believes that the future of restaurants doesn’t look anything like what we see today.

The most successful brands will use technology to power their growth and will develop positive, multi-channel customer relationships that exist primarily outside four walls.

What Is The Current Valuation Of Salted After Shark Tank?

Salted entered Shark Tank seeking an investment of $500,000 for a 5% stake in the company, giving a valuation of $10 million. However, none of the Sharks decided to invest as they didn’t feel that the company would have enough customers in the marketplace.

After rounds of venture capital investments, Salted expanded to 17 kitchens and planned on opening up to 50 locations by the end of 2022.

As of 2022, Salted Restaurant Group’s founder Jeff Applebaum has a net worth of $9 million. However, there is no information available on the current valuation of Salted after Shark Tank.

What are the brands of Salted?

They have the following brands: F/ck Gluten (low carb keto food), moonbowls (Korean Cuisine), gingerbowls (feel good Chinese inspired food), The $5 Salad Company, and Cauliflower Pizza.

How much was he seeking in the Shark Tank?

Jeff sought $500,000 for a 5% stake in his firm. This indicates a $10 million valuation.

Did he get the deal from the Sharks?

Jeff did not. He left the Tank without a deal.

Is Salted still in business?

The company’s brands are presently available in Los Angeles, San Francisco, Chicago, and Columbus, with plans to expand to other locations in the future.

Salted also created another business in 2018. They produce meal boxes similar to Blue Apron and Plated. The only difference is that they sell their kits in Whole Foods.

What is website address of Salted?

Their website is www.hellosalted.com

How many location are they in?

As of now, they are in 17 locations and intends to expand in future.

What is their business model?

They believe they can provide a better value and better cuisine while maintaining higher profit margins.

What happened to Salted after Shark Tank?

After the Shark Tank, Famine Development Corp, Craft Ventures, Valour Equity Partners, Proof Ventures, and Wonder Ventures contributed $4 million in venture capital financing to the firm in May 2021, increasing its total venture capital funding to $9 million.

What is net worth of Jeff Appelbaum?

Jeff Appelbaum’s net worth is unavailable.

Where is Salted headquartered?

Salted Headquarters is in Los Angeles, CA.

What is the revenue of Salted?

Revenue of Salted is unavailable.

Where can they contact the company?

They can contact the company at this email address: hellosalted@gmail.com.  They can follow them on Twitter, Facebook and Instagram.

When was Salted aired on Shark Tank?

Salted aired in May 13, 2020 on Shark Tank.

What methods of payment do they accepts?

They accepts Visa, MasterCard and American Express.

How do they makes money?

They make money by selling their products through their brands

Who is the CEO of Salted?

Jeff Appelbaum is the CEO of Salted.

Why Salted restaurant different from other restaurants?

Salted restaurant different from other restaurants because it is a delivery only. It does not have a dining area and it does not have table. They only have ghost Kitchen.