TaDah Foods Shark Tank Net Worth
TaDah Foods appeared on Shark Tank and received a $500,000 investment from Daniel Lubetzky in exchange for 25% equity.
The company’s net worth is estimated to be around $4 million. According to various sources, TaDah Foods’ net worth before appearing on Shark Tank was around $3 million, and its valuation during the show was $2 million.
What is TaDah Foods? Who founded TaDah Foods?
TaDah Foods is a startup company that offers frozen East Mediterranean food in falafel wraps and poppers.
The company was founded by John Sorial, who had a successful career in corporate America but was unfulfilled and wanted to pursue his passion for cooking and effect social change.
Sorial is a descendant of an immigrant restaurant family and started TaDah with the objective of creating innovative, high-quality, and delicious cuisine inspired by international flavors.
25% of the company’s sales are donated to non-profit organizations dedicated to social change, and Sorial also formed a non-profit organization called Eat Good Do Good, which served as the inspiration for TaDah.
The company donates 20% of its income to social change initiatives, including The Mission Life Centre and The Hope Clinic.
TaDah Falafel Wraps are available exclusively at Whole Foods Market and a few other select locations in the greater Washington, D.C. region. Customers can purchase them online for $7.99 for a box of eight or $7.49 for monthly delivery.
TaDah Foods the Shark Tank Pitch
In season 11 episode 1 of Shark Tank, John presented his start-up, TaDah Foods, and asked for a $300,000 investment in exchange for a 10% stake in the company, valuing it at $3 million.
The Sharks enjoyed the food samples, but during questioning, it became apparent that TaDah Foods was facing significant challenges.
The co-packer was struggling to meet demand, resulting in a drop in sales from $2.3 million to $1 million. John had also sold 75% of the company, leaving him with only a 25% stake. Furthermore, the Sharks were concerned about the 25% of distribution revenues that went to non-profit organizations.
As a result, all the Sharks except for Mark and Daniel withdrew their offers. Daniel made an emotional offer of $500,000 for a 25% stake in the company and wanted to buy out some of the other investors’ stakes.
Mark offered $300,000 for a 20% equity stake and a $500,000 line of credit. After careful consideration, John accepted Daniel’s offer.
Following the Shark Tank episode’s initial airing, TaDah Foods experienced a surge in website traffic, with over 50,000 visitors.
John used the additional funds to expand production and increase market reach, resulting in the product being available nationwide in grocery stores such as Wegman’s, Publix, Whole Foods, and Target.
As of July 2021, TaDah Foods is profitable, generating $4 million in annual sales.
TaDah Foods Net Worth
John attends Shark Tank season 11 episode 1 in search of $300,000 in exchange for a 10% stake in his firm. This indicates a $3 million valuation. After receiving an offer from Daniel of $500,000 for 25% stake in the business, the business was valued at $2 million.
TaDah Foods Competitors
There is no competitor identified for TaDah Foods.
TaDah Foods FAQS
What is TaDah Foods?
TaDah Foods is a start-up company that sells East Mediterranean food in falafel wraps and poppers. The meal is frozen to ensure its longevity.
To add to the inspiration, 25% of purchases are contributed to non-profit organizations dedicated to social change.
Who founded TaDah Foods?
TaDah Foods was created by John Sorial. John had already established a reputation for himself in corporate America before to delving into the culinary market.
He earned a degree in chemical engineering from John Hopkins.
How much was he asking in the Shark Tank Pitch?
John appears in Shark Tank in search of $300,000 in exchange for a 10% stake in his firm. This indicates a $3 million valuation.
Did they get a deal?
Yes! John accepted Daniel’s offer.
How much was the deal?
John received an offer of $500,000 for 25% stake in the business, the business was valued at $2 million.
When was TaDah Foods founded?
TaDah Foods was founded in 2011.
Where are TaDah Foods headquarters?
Their headquarters is located in Tysons, Virginia, United States.
What episode of Shark Tank was TaDah featured?
TaDah Foods was featured on season 11 episode 1.
Where are TaDah Foods products sold?
As of July, 2020, these products are widely available nationwide in grocers like Wegman’s, Publix, Whole Foods, in Target stores and many others.
What payment methods does TaDah Foods accepts?
TaDah Foods accepts all major credit cards such as MasterCard, Visa, and American Express.
Where can they contact TaDah Foods?
They can contact TaDah Foods on their website www.tadahfoods.com.
Do they have any other products?
Yes, they also have prepared foods and kebabs for sale online as well as sold through select retail stores.
What happened to TaDah?
TaDah Foods continues to operate. John Sorial was successful in acquiring Daniel Lubetzky. That choice proved to be a stroke of genius.
Daniel, John confesses, did more than infuse money into the firm; he was instrumental in TaDah Foods’ development.
Is TaDah falafel worth?
TaDah has grossed $8.2 million in sales as of June. Annual sales peaked at $2.3 million but had dwindled to $1 million in the 12 months preceding the June filming.
Is TaDah kosher?
Gluten Free, Kosher Restaurants’ Choice Falafel Mix (5.5 LB — produces 325 balls OR 42 Burgers).
Is TaDah falafel vegan?
Vegan. Patty of chickpeas. Their Magic Falafels: A delectable combination of ground chickpeas, parsley, scallions, garlic, and fragrant spices. Loaded with protein and fibre derived from plants.
How do they cook TaDah?
Oven: Preheat oven to 350 degrees Fahrenheit. Remove the film and cover with foil. Preheat oven to 200°F/180°C for 20–35 minutes. Allow to cool for 2 minutes before serving.
What is the net worth of John Sorial?
John Sorial’s net worth is unavailable.
