The Bang Shack Shark Tank Net Worth 2023
Jason, owner of The Bang Shack, appeared on Shark Tank season 10 episode 21 in search of $80,000 for a 20% stake, valuing his company at $400,000.
With a net worth of 1.6 million USD as of 2022 and an annual revenue of $1 million by 2023 due to the immense success and growth it has seen since its launch in 2020, Jason is confident that this investment will bring about even more success for his business if the Sharks see it fit to invest.
What is The Bang Shack?
Jason and Claudia, an entrepreneurial couple, created The Bang Shack, a globally recognized brand. Initially, the company gained popularity for its original Chicken Bang Dip, which became a hit at gatherings. Jason decided to sell the dip at farmers markets, which marked the beginning of the company’s growth.
The range of dips has since expanded to include three varieties. The World Class Chicken Bang Dip is the most well-known, and there are also a Vegetarian Dip made from zucchini and a Vegan Dip made from scratch using cashews.
Jason, who founded and owns The Bang Shack with his wife Claudia, grew up in St. Petersburg, Florida, and discovered his passion for cooking as a child. He learned to cook while supporting his single mother and four siblings. Eventually, he combined his sales and culinary skills to start his successful business.
Despite challenges, such as becoming a father at a young age, Jason persevered and excelled in his sales career. At a networking event, he was introduced to the opportunity to share his Chicken Bang Dip, which proved to be popular.
Jason then returned to his love of cooking and began selling his dips at local farmers markets. Today, The Bang Shack’s three dip flavors are available at The Yellow Green Farmers Market in Hollywood, Florida.
What happened to The Bang Shack at the Shark Tank Pitch?
In season 10 episode 21 of Shark Tank, Jason presented his company, The Bang Shack, and asked for $80,000 in exchange for a 20% ownership stake, valuing his business at $400,000. The Sharks were impressed by Jason’s passionate personality and the delicious taste of his dip, which even moved some of them to tears when they heard his backstory.
However, the Sharks had concerns about Jason’s limited infrastructure and production skills, as well as his sales being only $53,000 in 2017 from one market where he appeared only twice a week. Jason hoped to make $88,000 in sales by the end of 2018, but he was held back by his inability to produce the product in larger quantities due to his use of crockpots.
Jason wanted to use the investment to move into a commercial kitchen and expand his production capabilities. However, he failed to provide samples of his product in final packaging, causing some Sharks to question his readiness for retail. Mark withdrew from the deal due to this, while Daymond expressed concern about how to market the product without Jason’s personality.
In the end, Lori and Kevin decided not to invest, while Robert was interested but needed to see samples and sales data from a test market. The Bang Shack left the Shark Tank without a deal.
As of August 2019 and November 2021, Jason’s dips were only available for pre-order on his website, and he continued to operate at farmers’ markets with no significant changes to his business.
However, as of January 2023, The Bang Shack has experienced significant growth, with annual revenue reaching around $1 million.
The Bang Shack Net Worth
Jason appears on Shark Tank season 10 episode 21 in search of $80,000 for a 20% stake in his company. This equates to a $400,000 valuation.
The Bang Shack Competitors
There is no competitor identified for The Bang Shack.
The Bang Shack FAQS?
What is The Bang Shack?
The Bang Shack is the world-famous dip invented by entrepreneur Jason and his wife Claudia. Popular at parties, the original Chicken Bang Dip inspired Jason to sell his product at farmers markets, and he has since expanded to three different variations, including a Vegetarian Dip made from zucchini, a Vegan Dip made from scratch out of cashews, and, of course, the famous World Class Chicken Bang Dip.
Who is the founder of The Bang Shack?
Jason Hadley, together with his wife Claudia, is the owner and creator of The Bang Shack.
How much was he seeking in the Shark Tank?
He was looking for $80,000 for a 20% stake in his company. This equates to a $400,000 valuation.
Did he get the deal from the Shark Tank Pitch?
No, The Bang Shack departed the tank without a contract.
Is The Bang Shack still in business?
The Bang Shack has now evolved into a thriving restaurant at The Yellow Green Farmers Market, operating exclusively on Saturday and Sunday from 9 a.m. to 4 p.m.
What episode was The Bang Shack featured on Shark Tank?
The Bang Shack was on Season 10 Episode 21.
Where is The Bang Shack located?
The Bang Shack is located at the Yellow Green Farmers Market in Hollywood Florida.
How can they contact The Bang Shack?
They can contact them on their official website www.thebangshack.com, Facebook page or Twitter account.
When was The Bang Shack aired on Shark Tank?
The Bang Shack was aired in on April 28th 2019.
When was The Bang Shack started?
The Bang Shack was started in early 2017.
What kind of payments do The Bang Shack accept?
The Bang Shack accepts credit cards.
What is the net worth of Jason Hadley?
Jason Hadley’s net worth is unavailable.
