Salted Shark Tank Net Worth (Before and After Shark Tank)

Salted Restaurant Group, a delivery service for restaurants, was started by Jeff Applebaum in 2014. At the time of their pitch on Shark Tank in 2020, Salted Restaurant Group had a net worth of $10 million, based on the $500,000 investment for 5% equity in the company. However, the Sharks were not interested in investing in Salted Restaurant Group. As of 2023, the company’s net worth stands at $9 million. Despite not securing a deal, Salted Restaurant Group continues to thrive, with annual sales revenue of $690K in 2022 and total lifetime sales of $20 million. The founder, Jeff Applebaum, holds a net worth of $9 million in 2023, and the company currently employs 50 individuals.

Key Takeaways:

• Salted Restaurant Group’s net worth before Shark Tank was $10 million, while currently standing at $9 million in 2023.
• The Sharks on Shark Tank were not interested in investing in Salted Restaurant Group.
• In 2022, the company had annual sales revenue of $690K and lifetime sales of $20 million.
• The founder, Jeff Applebaum, has a net worth of $9 million in 2023.
• Salted Restaurant Group currently employs 50 individuals and continues to operate.

Salted Restaurant Group Pitch on Shark Tank

In Season 11, Episode 23 of Shark Tank, I had the opportunity to pitch my company, Salted Restaurant Group. Salted Restaurant Group offers delivery services for restaurants, allowing them to reach a wider customer base and increase their revenue. During my pitch, I requested a $500,000 investment in exchange for 5% equity in the company.

Although I was optimistic about securing a deal with one of the Sharks, unfortunately, none of them saw the potential in Salted Restaurant Group. Despite not securing a deal on the show, our business continues to thrive. We have expanded our operations and now include two more restaurants under our umbrella: Thrive Kitchen and Lulubowls.

Currently, Salted Restaurant Group operates in multiple locations across the United States. Our focus is on providing healthy, delivery-first restaurant options to our customers. We have partnered with major delivery platforms to ensure our food reaches as many people as possible. Our goal is to continue expanding and adding new locations, and we are on track to have a total of 60 locations by the end of 2024.

Table 1: Salted Restaurant Group Pitch Details

Season	Episode	Investment Requested	Equity Offered	Shark Deal
Season 11	Episode 23	$500,000	5%	No deal

Despite the setback on Shark Tank, Salted Restaurant Group has achieved significant success. We currently have a net worth of $9 million and an annual revenue of $1 million to $2.5 million per location. Our founder, Jeff Applebaum, has a personal net worth of $9 million as of 2023.

As we continue to grow, we remain committed to our vision of providing delicious and healthy dining options through our diverse brands. Some of the brands under our umbrella include CaliFlower, Ginger Bowls, Moonbowls, and $5 Salad Co. We are excited about the future of Salted Restaurant Group and the positive impact we can make in the restaurant industry.

Salted Restaurant Group Founder

The visionary behind Salted Restaurant Group is Jeff Applebaum, who founded the company in 2014. With his passion for food and his entrepreneurial spirit, Applebaum has successfully grown Salted Restaurant Group into a thriving business that offers delivery services for restaurants.

As of 2023, Jeff Applebaum has a net worth of $9 million, a testament to his business acumen and the success of Salted Restaurant Group. Under Applebaum’s leadership, the company has expanded its operations to multiple locations across the United States and has added new restaurants to their roster, including Thrive Kitchen and Lulubowls.

Jeff Applebaum’s dedication and commitment to building successful businesses are evident in Salted Restaurant Group’s growth and achievements. With his expertise in the food industry and his focus on providing healthy, delivery-first restaurant options to customers, Applebaum has positioned Salted for continued success.

Jeff Applebaum	Net Worth (as of 2023)	Business Ventures
Founder and CEO of Salted Restaurant Group	$9 million	Salted Restaurant Group, Thrive Kitchen, Lulubowls

Salted Restaurant Group Success and Future Plans

Despite not securing a deal on Shark Tank, the success of Salted Restaurant Group has been remarkable. Since its appearance on the show, the company has expanded to a total of 17 locations, each generating an impressive annual revenue ranging from $1 million to $2.5 million. The brand has gained popularity by offering healthy and delivery-first restaurant options, catering to the evolving preferences of customers.

In line with their vision for growth, Salted Restaurant Group recently raised a substantial $10.5 million in funding. With this capital infusion, they are strategically planning to further expand their footprint and establish a total of 60 locations across the United States by the end of 2024. This ambitious target demonstrates their commitment to providing exceptional dining experiences through their diverse range of brands.

Speaking of brands, Salted Restaurant Group has successfully curated a portfolio that caters to a variety of tastes. Some of their notable brands include CaliFlower, Ginger Bowls, Moonbowls, and $5 Salad Co. These brands, each with their distinct offerings, have enabled Salted to tap into different market segments and expand their customer base.

In order to facilitate seamless access to their delicious offerings, Salted Restaurant Group has formed strategic partnerships with major delivery platforms. This not only allows them to reach a wider audience but also ensures convenience and customer satisfaction. By staying true to their mission of providing healthy and delicious food through efficient delivery services, Salted aims to continue growing and delighting customers across the United States.