Slawsa Shark Tank Net Worth 2023
Slawsa Shark Tank Net Worth
During and after the pitch, Slawsa was valued at $1 million. As the company has continued to operate since then, it’s possible that its net worth has increased beyond what was estimated during the pitch.
What is Slawsa? Who is the founder of Slawsa?
Slawsa is a unique condiment that blends the flavors of cole slaw and salsa. Julie Busha, a determined businesswoman from Waynesville, North Carolina, is the mastermind behind this nutritious food product, which is based on a traditional family recipe.
Slawsa is a relish made primarily from cabbage but also contains other vegetables, as well as mustard and vinegar. However, the mustard and vinegar do not overpower the flavor, making it versatile for many uses.
Julie Busha has successfully placed Slawsa on the shelves of more than 4,000 supermarkets nationwide, including Roche Brothers, which happens to be located directly across the street from her. She is currently in discussions with Wal-Mart and has orders from various other markets and large box shops.
Slawsa comes in consumer-sized jars and gallon containers for food service. Julie’s association with the product began when the inventor approached her for assistance in marketing it.
With her 12 years of marketing experience with NASCAR, she was able to place the product on the shelves of over 3,000 stores in less than a year. She later acquired the entire company in 2013, and Slawsa has become her passion project.
Slawsa Shark Tank Pitch
During an appearance on Shark Tank in episode 510, Julie Busha, a longtime friend of mine, pitched her business Slawsa and sought the Sharks’ assistance in growing her company.
She was looking for a $150,000 investment in exchange for a 15% stake in her business, which was valued at $1 million.
Julie explained that she had created four distinct flavors of Slawsa, including Garlic and Garlic Spicy, Original, and Spicy. She urged the Sharks to sample her product before using it as a topping on hot dogs.
When Lori asked about the ingredients, Julie revealed that Slawsa is made with a blend of cabbage and salsa.
She also shared that she had secured 4,200 retail locations in just a year and a half and made $120,000 in sales in her first year, with projections of $500,000 in revenue for the remainder of that year.
The Sharks were curious about the cost of production and pricing strategy. Julie disclosed that each flavor cost $1.25 to produce and retailed for $2.25. She also revealed that she paid a royalty to her partner, ranging from 0.66% to 2%, but it was not perpetual.
Despite the Sharks’ mixed reviews of the product, Julie’s appearance on the show had a positive impact on her brand. She continued to grow the business with her marketing skills and expanded her retail reach to over 7,000 locations, including Lowes.
She also appeared in a segment with Dave Ramsey and received positive feedback for her focus on economic responsibility.
Although Julie did not secure a deal on Shark Tank, her success with Slawsa speaks for itself. She is a marketer who acquired a food company and has grown the business with her business acumen and attention to the organization’s business side.
As of February 2022, Slawsa is still in business and has an annual income of $5 million.
Net Worth of Slawsa
The company valuation was $1 million during and after the pitch. Since then the company is still operating and hence the company net worth might have been more than that of pitch.
Slawsa FAQs
What is Slawsa?
Slawsa is a toasted slaw product. It is made of cabbage, cucumber, and onion mixed with red and yellow tomato flavoring.
Who is the founder?
Julie Busha is the founder of Slawsa. Julie is a determined businesswoman who has successfully placed it on the shelves of over 4,000 supermarkets countrywide, including Roche Brothers, which is directly across the street from me.
How much was seeking on Shark Tank?
Julie was seeking for $150,000 for 15 percent stake of her company with $1 million valuation.
Did she have the deal?
No, she was not able to secure the deal.
Is Slawsa still in business?
Yes, Slawsa is still in business and is managed by Julie Busha directly.
How much does Slawsa cost?
Slawsa sells for $2.25 each at most outlets.
What is the purpose of Slawsa?
Slawsa is a toasted slaw product. It is made of cabbage, cucumber, and onion mixed with red and yellow tomato flavoring.
What season did Slawsa appear on Shark Tank?
Slawsa appeared on Season five episodes 510.
Is Slawsa spicy?
The answer to this question depends on the variety customers have bought. The red and yellow tomato flavor is not spicy at all.
What is the difference between Slawsa original and pepperoncini?
Slawsa original does contain pepperoncini. The spicy version does not contain it at all.
Is Slawsa shipping?
Yes, Slawsa is shipping through Amazon.com.
Where is Slawsa Headquarters?
Slawsa Headquarters is located in Austin, Texas.
How many stores does Slawsa have?
Slawsa has over 4,000 store locations throughout the country.
Is Slawsa healthy?
Slawsa is 100% healthy providing zero calories and cholesterol. It also contains more than 100% of vitamin C recommended daily intake.
How can I contact Slawsa?
Customers can contact Slawsa via their website www.slawsa.com.
How do I pay for Slawsa?
Slawsa accepts payment via all major credit cards, including American Express, MasterCard, and Discover.
What is the return policy for Slawsa?
Slawsa does not have any specific return policy. However, the company encourages customers who are unsatisfied with their purchase to return it within 7 days of receipt.
How can I get refills on Slawsa?
Customers can get refills while they are in store, or they can visit http://www.slawsa.com
What is the net worth of Julie Busha?
The net worth of Julie Busha is not available.
