Table 87 Pizza Shark Tank Net Worth 2023
According to SEOAves, Table 87 Coal Oven Pizza had a valuation of $2 million when it appeared on Shark Tank. As of February 24, 2023, the net worth of Table 87 Coal Oven Pizza is estimated to be $10 million.
The company has an annual revenue of $3.9 million and 22 employees. Thomas Cucco, the founder of Table 87, has a net worth of $8 million as of 2022.
What is Table 87 Pizza? Who is the founder of Table 87 Pizza?
Table 87 is the only restaurant in New York that serves coal oven pizza by the slice, while there are around a dozen other locations across the city that offer coal oven pizza but not by the slice.
The use of coal for cooking has two advantages: it’s nostalgic and produces a crispier crust than wood-burning ovens.
According to the reviews, locals love Table 87 Coal Oven Pizza, which offers a variety of toppings such as Prosciutto, Baby Arugula, Mozzarella San Marzano Tomatoes, House Made Sausage, Roasted Red Peppers, Fontana Cheese, and Wild Mushrooms.
The founder of Table 87, Thomas Cucco, who is of Italian American ancestry, has brought the classic Italian dining experience to life through his family-owned business. Since 2012, Table 87 has been operating in three brick and mortar locations in Brooklyn.
Table 87 is known as “The Home of the Coal Oven Slice” for a good reason. Unlike other pizzerias that serve complete pies, Table 87 revolutionized the pizza industry by serving freshly baked, real coal oven pizza by the slice.
Cucco was able to achieve this by using modern technology that produces cleaner-burning coal ovens. This technology has eliminated the soot and filth associated with the early 20th-century coal ovens, allowing for excellent pizza to be created.
In addition to their restaurant locations, Table 87 also offers frozen pizzas that can be enjoyed at home, ordered online or purchased at supermarkets, providing easy access to their original Brooklyn coal-fired pizza pie.
Table 87 Pizza Shark Tank Pitch
Tom Cucco appeared on Shark Tank episode 706, seeking a Shark to help expand his pizza restaurant, Table 87 Coal Oven Pizza, or provide funding.
His pitch began with a clip filmed at his Brooklyn location, where he described his business and the need for funds to purchase equipment to simplify operations.
During the pitch, Tom requested $200,000 in exchange for a 10% stake in his $2 million company. He introduced a never-before-seen frozen coal oven pizza, made with fresh ingredients cooked in coal ovens for 2 minutes and then flash-frozen. The Sharks were impressed with the pizza and enjoyed samples.
While Mr. Wonderful believed that the pizza business was difficult to succeed in, Tom was confident that his pizza was the best.
He had already made $260,000 in frozen pizza sales and was seeking the additional $200,000 for a commercial kitchen. He sold the pizzas to supermarkets for $6.50 each, while his business sold them for $11-$12.
Tom made it clear that the Sharks were only investing in the frozen pizza sector. Mark was interested in the potential for on-demand and online sales. Robert chose to quit the deal, and Mr. Wonderful believed the company was overvalued.
Barbara believed that Tom was pursuing too many avenues, but made an offer of $200,000 for a 30% stake in the firm, with the intention of selling single slices. Lori loved the pizza and made an offer of $250,000 for a 20% equity share in the firm with no conditions attached.
Tom countered Lori’s offer, asking for 18% equity shares, which she eventually raised to 19%. Barbara attempted to re-enter the deal, but Tom accepted Lori’s offer, leading Barbara to express disappointment.
Although the deal with Lori ultimately fell through, Tom steadily expanded his frozen pizza line, with the pizza available at hundreds of grocery shops nationwide, including Wegmans, Whole Foods, and Stop & Shop.
As of February 2022, Table 87 Coal Oven Pizza had annual revenue of $5 million and plans to continue expanding throughout the country.
Competitors of Table 87 Pizza
The company has two main competitors, these are; Domino’s Pizza and Yum! Brands, Inc.
Net Worth of Table 87 Pizza
The company valuation was $2 million during the pitch. Since then the company has an estimate net worth of $10 million.
Table 87 Pizza FAQs
What is Table 87 Pizza?
Table 87 Pizza is a coal-fired pizza restaurant, selling pizza by the slice and whole pies.
Who is the founder?
Tom Cucco was the founder in 2009. His company specializes in a Brooklyn-style crust, low-moisture mozzarella cheese, and signature tomato sauce.
How much was seeking on Shark Tank?
Tom was seeking for $200,000 for a 10% stake of his company.
Did he have the deal?
Yes, he has the deal with Lori Greiner of $200,000 for 19% ownership of the company.
Is Table 87 Pizza still in business?
Yes, the company is still in business with annual revenue of $5 million.
Is Table 87 Pizza available for purchase?
Yes, customers can purchase the frozen pizza at local stores and online.
How can I contact Table 87 Pizza?
The best way to contact the company is to visit their website at table87.com.
What is the recommender temperature of Table 87 Pizza?
The pizzas are baked in a vintage coal-fired oven at temperatures of 900 degrees Fahrenheit.
Where is Table 87 Pizza located?
The company is based in Brooklyn.
How often does Table 87 Pizza deliver?
The pizzas are available for a limited delivery area at select locations. Some areas are: New York City, Long Island, and Connecticut.
What is the price of Table 87 Pizza?
Customers can purchase the pizza for $6 to $12.50 per slice or a whole pie.
What is the size of pizza offered by Table 87 Pizza?
Customers can purchase frozen pizzas in 3 to 14’res’ sizes.
What is the shipping cost of Table 87 Pizza?
Shipping cost is $2.50 for contiguous US States and most of Canada.
Are there any side effects from eating the pizza?
Yes, each slice contains about 200 calories so order no more than two slices at a time.
Is Table 87 Pizza vegan friendly?
Yes, the pizzas are vegan-friendly and gluten free. Some stores do not accept credit cards and do not have delivery.
What is Table 87 Pizza made of?
The company uses quality cheese, low moisture mozzarella cheese. The tomato sauce is made with vine-ripened tomatoes, and the crust is a Brooklyn Style type of dough.
What is the net worth of Thomas Cucco?
The net worth of Thomas Cucco is unknown.
