Slice of Sauce Shark Tank Update| Slice of Sauce after Shark Tank
What is Slice of Sauce?
Slice of Sauce is a condiment that adds powerful flavor and perfect balance, ensuring that you never miss out. It not only ensures that each mouthful has an appropriate quantity of taste, but it also helps to keep your fingertips clean, so say goodbye to splattered condiments.
Furthermore, they are shelf-stable, which means they do not require refrigeration. Slice of Sauce was created by Cole and Emily Williams.
Cole worked as an instructor and personal trainer before co-founding the firm, while Emily worked at an apparel company and then as an associate at Oppenheimer. The couple is presently in charge of Slice of Sauce’s operations.
Who is the founder of Slice of Sauce?
Slice of Sauce was founded by Cole and Emily Williams. Emily claims the inspiration originated from an ancient barbecue sauce recipe her father developed at his restaurant years ago. When she tried to reproduce it, she ended up with a pile of cooked vegetables that she had to throw out.
Emily, it appears, is not the wasteful kind. She ground up the leftovers before baking and drying them. She received a dried sheet of sauce, which would ultimately become Slice of Sauce.
The slices make it easier to transport “ketchup” on the road or when trekking or camping. They’re square like a slice of American cheese and come in 8-pack packets.
The “sauce” should keep in the cabinet for a year and does not need to be refrigerated. They are available in two varieties: classic ketchup and spicy sriracha. Each bag costs $5.99 and may be pre-ordered on their website.
Back in 2017, they ran a successful Kickstarter effort that earned $30,090 to get the firm off the ground. They’ve since advertised the product at culinary festivals and were finalists in Naturally Austin’s Pitch Slam.
What Happened to Slice of Sauce at Shark Tank pitch?
In Shark Tank episode 10 of Season 12, Cole and Emily Williams seek an investor for Slice of Sauce, their ketchup and sauce slices. Williams requires the assistance of a Shark to get manufacturing up and running and onto shop shelves.
Cole and Emily are asking $200,000 for a 10% stake in their firm, which is worth at $2 million.
They share their narrative and provide samples. The Sharks enjoy the flavor but not the expense. They are afraid that buyers would not pay the higher price.
There are also additional investors, and the firm is still in its early stages. Cole and Emily claim they can cut costs by finding a co-packer.
Alex is the only Shark that is intrigued. He believes it’s an excellent marketing tool because the slices don’t need to be refrigerated.
Alex offers $200,000 as a convertible loan that converts to 15% ownership when sales exceed $1.8 million. The couple accepts the pitch and leaves with a deal.
What Happened to Slice of Sauce after Shark Tank?
The first re-run of this episode in March 2021 is less than two months after the original air date, and while the couple left the pitch with a deal, the deal with Alex was never completed. The company is still operating as of December 2021.
Competitors of Slice of Sauce
Heinz is one of the brands that Slice of Sauce would have to compete with. Slice of Sauce would have to compete with other sauces inside Heinz, such as mustard and mayonnaise.
Net Worth of Slice of Sauce
The company was valued at $2 million during the pitch, after the investment done by Alex the company worth $1 million. Since then the company is still operating and hence the net worth might had increased.
Slice of Sauce FAQs
What is Slice of Sauce?
Slice of Sauce is a condiment that adds powerful flavor and perfect balance, ensuring that you never miss out.
It not only ensures that each mouthful has an appropriate quantity of taste, but it also helps to keep your fingertips clean, so say goodbye to splattered condiments.
Furthermore, they are shelf-stable, which means they do not require refrigeration.
Who is the inventor?
Slice of Sauce is a product of Cole and Emily Williams.
How much were they asking on Shark Tank?
They were asking for $200,000 for 10% stake of their company at valuation of $2 million.
Did they have the deal?
Yes, they did with Alex Rodriguez.
How much was the deal?
Alex Rodriguez offered $200,000 as a convertible loan that converts to 15% ownership when sales exceed $1.8 million.
Is slice of Sauce still in business?
Slice of Sauce is open and operating. When the husband-and-wife pair submitted their concept, Alex Rodriguez backed them up, promising to provide $200000. The company’s visibility also resulted in significantly more sales than the couple had anticipated.
What is the Slice of Sauce Business Model?
Slice of Sauce was created by Cole and Emily Williams. Cole worked as an instructor and personal trainer before co-founding the firm, while Emily worked at an apparel company and then as an associate at Oppenheimer. The couple is presently in charge of Slice of Sauce’s operations.
How much is the product?
Each slice of ketchup or sauce from Slice of Sauce costs $5.99 and may be ordered on the company’s website.
How much does a slice of Sauce cost?
Slice of Sauce is presently available in eight-slice packs in varieties such as conventional ketchup, spicy sriracha, Frank’s red hot slices, and secret aardvark slices. The price of each bundle is $5.99.
What is the origin of the slice of Sauce?
Emily and Cole Williams of Austin, Texas, have created a ketchup slice. That’s correct, a slice. There is no mess, no leak, and no soggy bread. Slice of Sauce was created partially by chance.
Where do I buy Slice of Sauce?
Customers can buy slice of sauce online at their website.
How many calories are there in a slice of Slice Sauce?
Slice of Sauce contains zero calories.
Is Slice of Sauce a vegan?
Slice of Sauce is not a vegan product.
How does Slice of Sauce taste?
Slice of Sauce offers a flavor that customers love, whether they use it as a condiment or they add it to their recipes.
How do you use Slice of Sauce?
Slice of Sauce is so versatile that it is capable of adding taste to any dish you desire. If one want to add a flavorful kick, then go ahead and try some slice of sauce on their fries, chips, or even their burgers.
Is Slice of Sauce safe?
Slice of Sauce is manufactured in a facility that is certified GFSI and in compliance with FDA regulations.
What are slice of Sauce secret ingredients?
Along with the Aardvark Sriracha Sauce, there’s maple syrup and garlic.
Does Slice of Sauce expire?
Slice of Sauce does not expire.
Is slice of Sauce a healthy alternative?
Slice of sauce is a healthy alternative to regular ketchup and it has 5 calories per serving.
What are the benefits of Slice of Sauce?
It does not require refrigeration, which reduces the refrigerator’s energy consumption. In addition, it is available for purchase in smaller quantities compared to most condiments, thus reducing packaging waste. Finally, it helps keep the hands clean.
What is the net worth of Cole Williams?
Cole Williams is estimated to be worth $1.5 million.
What is the net worth of Emily Williams?
Emily Williams is estimated to be worth $850,000.