Snacklins Shark Tank Net Worth 2023
In October 2019, Snacklins Crisps appeared on Shark Tank Season 11 and made a deal with Mark Cuban for $250,000 for 5% equity and 5% advisory shares.
During the pitch the company was valued at $10 million since then the company has a net worth of nearly $15 million in 2021.
Since then, Snacklins has grown significantly and is now sold in 2,500 stores across the East Coast, including Whole Foods, Walmart, and Stop & Shop.
In 2020, the company’s revenue was $3 million and in 2021 it was projected to hit $10 million. As of 2022, Snacklins’ founder Samy Kobrosly has a net worth of 14.25 million USD and the company is expected to make $2 million this year.
What is Snacklins? Who is the founder of Snacklins?
Snacklins creates meat-free snacks made from pig rinds, but purposely vegan and crafted with nutritious ingredients like yuca, mushrooms, and onions.
The founder of Snacklins is Samy Kobrosly, a former disc jockey and radio personality from the Washington, D.C. region. The company produces four varieties of low-calorie crisps, and multi-packs are available at a discounted price. Samy still has a stake in the business.
What started as a joke among friends about a vegan-friendly pork rind has become a multi-million dollar business. Samy sought the help of a culinary friend and spent several months perfecting the recipe.
Samy and his chef friend were joking over whiskey about creating a vegan pig rind crackling. They realized it was a good idea and Snacklins were born.
The recipe for these vegan pork rinds includes yucca, mushrooms, onions, and either soy-ginger or barbecue sauce, cooked in sunflower oil to maintain their crunch and flavor.
Snacklins are a gluten-free, low-calorie, non-GMO, vegan, dairy-free, and paleo-friendly snack. With only 80 calories per bag, Samy invites customers to “devour the entire bag” as they have significantly fewer calories than other snacks such as Doritos. They also contain less fat and sugar than other popular snack foods.
Initially, Snacklins were available in mid-Atlantic health food stores, but they quickly expanded to over 1000 locations. Currently, they can be found at Walmart and Amazon.
To avoid being too pushy with customers, Kobrosly is redesigning the packaging to make the product appear more like junk food than health food.
Snacklins at Shark Tank Pitch
Samy founded a company and decided to seek the assistance of Shark Tank investors to help grow it. During his pitch, he requested $250,000 for a 2.5% stake in his company, which was valued at $10 million.
He highlighted the product’s low calorie count and shared samples with the Sharks. Samy was looking for a strategic partner to avoid being copied by a larger brand and also needed funds to expand his kitchen.
He estimated that it would take 11 months for the company to become profitable, but expected to generate $2 million in revenue by the end of the year.
While the Sharks enjoyed the product, they were hesitant about the pricing. Samy clarified that he only owned 30% of the business, with the rest being owned by his initial employees and angel investors.
All Sharks, except Mark Cuban, backed out due to concerns over Samy’s desire to build his own factory. Mark Cuban offered $250,000 for 5% ownership and 5% in advisory shares, which Samy accepted.
After their successful pitch, the product was picked up by national and regional chains like Erewhon, Stop & Shop, and Whole Foods, and is also available on Amazon.
The company plans to revamp its packaging in December 2020 and produce larger, multi-serve products. Snacklins CEO Kevin Blesy reports that the product is also available at MOM’s Organic and select Shop Rite locations.
As of September 2021, the company expects to generate $10 million in sales for the year, up from $3 million in 2020.
Net Worth of Snacklins
During the pitch the company was valued at $10 million since then the company has a net worth of nearly $15 million in 2021.
Snacklins FAQs
What is Snacklins?
Snacklins is a vegan-friendly, meat-free snack produced by Samy Kobrosly. They are animal-based and intentionally vegan.
Who owns?
The company is owned by Samy and seconded by David Blesy. They maintain a 30% stake in the business.
How much was asking on Shark Tank?
Samy was asking for $250,000 for a 2.5% stake in the business, which is valued at $10 million.
Who got investment on Shark Tank?
Samy partnered with Mark Cuban for a $250,000 for a 5% stake in the firm and 5% advisory shares.
Is Snacklins still in business?
Snacklins are still in business and they are projecting to generate an estimated revenue of $10 million in 2021.
What are the ingredients used in Snacklins?
The ingredients that are used include tuaca, mushroom, and onions. All of these ingredients are vegan friendly and gluten-free.
What are the types of Snacklins?
The company produces four flavors of pork rind crisps. They include Original, Cheddar, Beer Battered, and Sriracha & Lime. Is Snacklins a Shark Tank Product?
What are Snacklins made from?
The ingredients include yuca, mushrooms, and onions. The mixture is infused with either soy-ginger or barbecue sauce and cooked in sunflower oil in order to preserve the crisp flavor and texture of traditional pork rinds. Additionally, they have far fewer calories than other snacks.
How Snacklins does make money?
The company generates revenue from; the sale of their products, from licensing fees, from sale of advertising to other companies, from deals with other supplement companies and by offering advertising space for various brands.
Is Snacklins safe?
The ingredients used in the product are all natural. The company, however, does not maintain a fully vegan kitchen, which means that some cross-contamination can occur during the production of their foods.
How is the business model?
The company uses an Omni-channel approach. They distribute their products through a variety of channels, including e-commerce, traditional retail outlets, and internet sellers.
How much does the Snacklins cost?
The company produces pork rind crisps that are gluten free and vegan suitable. The product comes in flavors that include Original, Cheddar, Beer Battered, and Sriracha & Lime.
The cost of the product depends on where it is purchased; online retailers sell a pack of 10 bags for $9.
Is Snacklins good or bad?
The product is designed to be a healthy snack that is suitable for use while watching sports events or while participating in outdoor activities. It is a good product.
What is the net worth?
The net worth of the company is $15 million in 2021.
How long has Snacklins been in business?
The company has been in business since 2018.
Is Snacklins a Shark Tank product or not?
Snacklins is not a Shark Tank product as they are not in any way affiliated with the show and it is purely coincidental that they ended up appearing on the show.
The product deal however worked out very well for both parties and resulted in a great partnership.
How do I pay?
The company accepts all major credit cards, including PayPal, and it also accepts direct bank transfers.
What is Samy Kobrosly’s net worth?
Samy Kobrosly net worth is unknown.
