Schulzies Bread Pudding Net Worth
Sarah Schulz’s business, Schulzies Bread Pudding, was worth $800,000 before appearing on Shark Tank. After the pitch, the business is no longer in operation. In its first year of operation, it made $190,000 in sales from a 140-square-foot location. Sarah Schulz’s current net worth is unknown.
What is Schulzies Bread Pudding and Who is the Founder of Schulzies Bread Pudding?
Schulzies Bread Pudding is a delectable dessert that offers multiple layers of flavors. The pudding comprises a rich blend of egg yolks, cream, and sugar.
The shredded bread assimilates the pudding mixture and tends to adhere to the roof of your mouth while consuming it. The whole dish is then garnished with a vanilla sauce that has a subtle sweetness of brown sugar.
Schulzies Bread Pudding was a bread pudding specialty business based in Venice Beach, California. It served chilled bread pudding in various flavors, using sustainable materials and biodegradable products.
Sarah Schultz founded Schulzies Bread Pudding in 2010. Initially, she started selling at farmers’ markets and outdoor events before establishing a physical store. Before founding Schulzies, Sarah earned a BA in Business Administration and Management from California State University Sacramento.
Sarah Schultz’s passion for bread pudding led her to collect various bread pudding recipes from friends and neighbors to create the perfect bread pudding. Eventually, she decided to start her own business, which would offer a boutique-style experience similar to a yogurt stand but only with her bread pudding.
She began her company in the fall of 2010, initially selling at farmers’ markets before opening a storefront in Venice Beach in November of the same year. She created 108 unique flavors such as All-American Bacon Maple, Kiwi-luscious, Radical Raspberry, and Tiramisu for You.
Due to the popularity of the Venice location, they expanded to San Francisco and built a location there in late 2012. They even ran a successful Kickstarter campaign to help fund the San Francisco location, raising over $11,000 for equipment and store supplies.
Schulzies Bread Pudding Shark Tank pitch
Sarah was optimistic about presenting her business idea to the Shark investors, hoping to receive assistance in expanding her retail outlets.
Confidently, Sarah pitched her idea to the Sharks, seeking a $160,000 investment in exchange for a 20% ownership in her $800,000-valued firm. She offered bread pudding samples to entice the Sharks with her baked goods.
She explained that she had established a small business in Venice Beach and hired someone to operate it.
She also mentioned that she had opened a bread pudding parlor in San Francisco, starting with a 140-square-foot location that generated $190,000 in sales. The Sharks expressed skepticism about the journey of her business thus far.
Sarah had opened an 800-square-foot brick-and-mortar store in San Francisco that generated $30,000 in sales in its first month.
However, Kevin O’Leary pointed out that her profit per square foot had decreased due to the move to a larger location, and she was relocating to a new city without any promotion. Kevin ultimately declined to invest because there was no business strategy yet.
Barbara Corcoran and Robert Herjavec also exited the deal, as they could not see themselves making money with Sarah’s business model. Mark Cuban agreed with them, stating that the biggest risk was Sarah herself and that he would ultimately exit the business.
Lori Greiner believed that Sarah was on the verge of something spectacular but that it was too early to invest in the firm. Sarah left the Tank without a Shark deal, although the Sharks enjoyed the bread pudding and even returned for more after her departure.
Despite the product’s appeal, Sarah’s lack of a comprehensive business strategy and her enthusiasm for taking significant risks, such as building a second store so soon, were barriers to investment.
The San Francisco location lasted for two years, but in April 2015, the company ceased updating its social media. Schulzies Bread Pudding, however, continues to be sold in retail stores and on her website, using a more practical retail strategy.
As of October 2016, the company’s social media accounts are no longer updated, indicating that the business is no longer in operation.
Net Worth of Schulzies Bread Pudding
During the pitch, the company was valued at $800,000 and since the company is not in operation the company valuation is unknown.
Schulzies Bread Pudding FAQs
What is Schulzies Bread Pudding?
Schulzies Bread Pudding is a Venice, California bread pudding specialty business that provides chilled bread pudding in a variety of flavors.
Schulzies Bread Pudding made use of sustainable materials and biodegradable products in their tasty bread pudding.
Who is the founder?
Sarah Schultz is the founder of Schulzies Bread Pudding.
What is her offer on Shark Tank?
Sarah was seeking for $160,000 for a 20% stake in the business.
Did she get the offer?
No, she did not get any Sharks to invest.
How much was Schulzies Bread Pudding worth?
Schulzies Bread Pudding was worth $800,000 during the pitch.
Is still in business?
Schulzies Bread Pudding is no longer in business.
How is the business model?
The business strategy is to sell bread pudding.
What is the episode was the company was featured?
Sarah Schultz and Schulzies Bread Pudding appear in Season 5 Episode 8.
Is the company profitable?
Schulzies Bread Pudding is not making any money at the moment, and will never make any money.
Is the company’s social media active?
The company’s social media accounts, such as Facebook and Twitter no longer update their products.
What is the value of Schulzies Bread Pudding now?
The value of Schulzies Bread Pudding is unknown since it no longer exists.
What are their weaknesses?
Sarah Schultz and Schulzies Bread Pudding had no business strategy and took significant risks in relocating her company and in starting a new store so soon.
What are their strengths?
The bread pudding was delicious.
How much capital is required to start a company?
A small amount of capital is required to start a company. For example, $10,000 can open a smaller business such as a small coffee shop or social networking site.
What are their future plans?
Sarah Schultz and Schulzies Bread Pudding do not have any future plans since the company no longer exists.
What are their products?
Schulzies Bread Pudding offers chilled bread pudding in over 10 flavors. Products offered by the company include fruit, chocolate, vanilla, coconut, Oreo, salted caramel and much more.
Where Schulzies Bread Pudding is located?
Schulzies Bread Pudding is based in Venice Beach, California.
Is any opportunity?
The company offers a small business opportunity to those who want to start a small business. In this business, it is easy to operate the business from home without having any employees.
In addition, the company offers many advantages such as decreased cost of operation.
What are the marketing plans?
The company has not made any marketing plans since it does not exist anymore..
What are its competitive advantages?
The competitive advantage of the company is its delicious taste and low costs.