The Dough Bar Shark Tank Net Worth 2023
The Dough Bar is a healthy doughnut company that appeared on Shark Tank in 2018[2. The founders, Ondrea, and Marquez Fernandez, asked for $300,000 in exchange for 15% equity. Barbara Corcoran offered them $300,000 for 25% equity, which they accepted. The company has lifetime sales that exceed $1.1 million and an average margin of about 50% on a traditional box of donuts.
As of 2022, the net worth of The Dough Bar’s founders is $1 million USD. However, in October 2019, the company filed for Chapter 11 bankruptcy protection with more than $774,115 in secured and unsecured debt and $599,000 in assets[2]. Despite this setback, the owners vowed to reorganize and remain in business.
In terms of valuation, The Dough Bar was valued at $2 million during their Shark Tank pitch in 2018 due to their strong sales performance with over $1 million in sales that year. However, it is unclear what their current valuation is after filing for bankruptcy.
What Is The Dough Bar?
The Dough Bar offers a healthier alternative to traditional doughnuts with the option to choose from a basic or a variety of flavored doughnuts including Oreo, Pumpkin Pie, Cookie Monster, Cinnamon, Apple Pie, and others.
Unlike typical doughnuts, The Dough Bar’s products are baked rather than deep-fried to ensure that they are a healthy option.
The founders of The Dough Bar, Marquez, and Ondrea Fernandez, both left their previous jobs as a nurse and software professionals, respectively, to focus on their businesses. The couple still owns and runs the company today.
Their doughnuts are made with a yeast-based dough that includes wheat and malted barley flour and is free of the most undesirable ingredients found in traditional doughnuts. Each doughnut provides 11 grams of protein.
Marquez and Ondrea believe in staying active and maintaining a healthy diet but also enjoy indulging in “cheat treats” from time to time, which inspired them to start The Dough Bar.
Their website provides detailed nutritional information for their products, and customers can also choose to receive their glaze in separate packaging for glazed doughnuts.
Who Is The Founder Of The Dough Bar?
In 2015, The Dough Bar was established by Marquez and Ondrea Fernandez, a couple who desired to merge the delectable and familiar taste of doughnuts with health-conscious eating habits. By removing the fat, sugar, and oil from traditional doughnuts, they aimed to provide a guilt-free option for everyone to enjoy.
Despite their active and outdoor lifestyle, Marquez and Ondrea found it challenging to find satisfying protein bars and drinks that felt like genuine food. Therefore, they began to expand their offerings, starting with protein crisp bars in 2016.
The bars, which taste like Rice Krispies snacks, proved to be a hit and raised $20,887 in a successful Kickstarter campaign.
Marquez and Ondrea are committed to maintaining a healthy lifestyle and giving back to their community. As part of their commitment, a portion of their profits is donated each month to local organizations that promote healthy living and combat childhood obesity.
The Dough Bar offers a variety of doughnuts, including classic flavors, sophisticated creations such as Oreo Crumble, and seasonal treats. A box of four doughnuts is priced at $15, while a variety box of 12 doughnuts is available for $39. Customers rave about the exceptional taste of The Dough Bar’s doughnuts.
What Happened To The Dough Bar At Shark Tank Pitch?
In episode 20 of Season 9 of Shark Tank, Ondrea and Marques Fernandez, a married couple from California, presented their company, The Dough Bar, to the investors. They were seeking a $300,000 investment for a 15% stake in their firm, which was valued at $2 million.
Marques, a professional bodybuilder, humorously wondered what he would look like if he ate doughnuts every day. The couple distributed samples of their product, which received positive feedback from the Sharks.
The doughnuts were described as a cross between a doughnut and a bagel, with glazed doughnuts containing 200 calories and plain doughnuts containing 150 calories. The product could be stored in the refrigerator for 3-4 days, and a box of four costs $15.50 with shipping costs ranging from $6 to $9.
The company had a profit margin of approximately 53% and generated $1.2 million in sales from June 2015 to January 2018, with an expected $1 million in sales for 2018. The couple wanted to use the investment to expand their marketing budget and improve the product’s shelf life to 3-4 weeks.
After sharing their other products, a gluten-free cake and a protein crispy bar, the Sharks began to make offers. Barbara offered $300,000 for a 30% stake, while Lori offered $300,000 for a 20% stake. Mark and Robert were not interested, and Alex offered Lori $300,000 for 30% equity if she teamed up with him.
When Marques asked if Barbara and Lori would work together for $400,000 for a 30% stake, Barbara advised against it and reduced her offer to $300,000 for a 25% stake.
After a lengthy discussion, Marques asked Barbara if she would accept a 20% stake, which she agreed to in order to outdo Alex and Lori. The couple left the pitch with smiles and hugs from the Sharks.
What Happened To The Dough Bar After Shark Tank?
The Dough Bar is a protein-infused online doughnut company that appeared on Shark Tank in Season 9, Episode 20. The company was founded by Ondrea and Marquez Fernandez in Northern California in 2015.
The couple experimented with doughnut recipes that were baked, sugar-free, and packed with 11 grams of protein.
After a failed audition, they appeared on Shark Tank a year later and hoped to get a $300,000 investment from the Sharks. Barbara Corcoran ultimately accepted their offer of $300,000 and a 20% stake in the company.
The Dough Bar opened a brick-and-mortar location in Fort Collins, Colorado, after online sales surpassed $2 million. However, the company accumulated debt and filed for Chapter 11 bankruptcy in 2019, shortly after Barbara Corcoran backed the brand.
The owners, Ondrea and Marquez Fernandez vowed to reorganize and remain in business. The Dough Bar is still in business, but the couple announced on their Instagram in May 2022 that they would be stepping away from the company while taking care of their personal lives.
Summary Table:The Dough Bar Shark Tank
| INFORMATION | DETAILS |
| Founders | Marquez and Ondrea Fernandez |
| Product(s) | Healthy doughnuts |
| Investment in Shark Tank | $300,000 for 25% equity from Barbara Corcoran |
| Valuation during Shark Tank pitch | $2 million |
| Lifetime sales | Over $1.1 million |
| Average margin | About 50% on a traditional box of donuts |
| Bankruptcy filing | Chapter 11 in October 2019 with $774,115 debt and $599,000 assets |
| Net worth of founders (as of 2022) | $1 million USD |
| Doughnut prices | $15 for a box of 4 and $39 for a variety box of 12 |
| Nutritional information provided | Yes |
| Variety of doughnuts | Yes, including classic flavors and seasonal treats |
| Protein content per doughnut | 11 grams |
| Other products | Protein crisp bars and a gluten-free cake |
Note: The current valuation of The Dough Bar is not provided as it is unclear what their current valuation is after filing for bankruptcy.
Who are the Competitors of The Dough Bar?
The Dough Bar has eight competitors: 1. DoubleDoughnuts, Glazed Dessert Co., Glazed Dessert Bar, and GLAZED CANDY BAR
The Dough Bar Shark Tank Updates
The Dough Bar is a company that appeared on Shark Tank Season 9, hoping to convince the sharks to invest $300,000 in exchange for 15% equity. The Dough Bar’s donuts are individually packaged and can be ordered online, and the company has lifetime sales that exceed $1.1 million.
The sharks were impressed, and Barbara Corcoran decided to make an offer of $300,000 in exchange for 25% equity. Lori Greiner also expressed interest and decided to invest.
Despite the initial success, The Dough Bar faced financial challenges and filed for Chapter 11 bankruptcy in 2019, shortly after Barbara Corcoran backed the brand.
However, the company recovered and opened a brick-and-mortar location after online sales surpassed $2 million. By 2022, the company seemed to be back on its feet, with sales up roughly 30% from 2019.
However, in 2023, The Dough Bar announced that they would be closing their business. They ran a final sale of all their products on their site until May 12, but this does not mark the end of their business, as they plan to return in the future.
Net Worth of The Dough Bar
The company was valued at $2 million during the pitch since the firm has been doing well in sales with $1 million in 2021. This means that the company’s net worth had elevated.
The Dough Bar FAQs
What Is The Dough Bar Shark Tank?
The Dough Bar is a line of protein bars disguised as doughnuts created by Ondrea Siniari and Marques Fernandez, a husband and wife team from California.
The doughnuts are made from yeast-based dough with wheat and malted barley flour and eliminate most of the bad stuff found in regular doughnuts. Each doughnut has 11 grams of protein and is low in fat and sugar.
The couple started the business in 2015, and by the time they appeared on Shark Tank, they had already sold more than 280,000 protein-filled doughnuts.
On Shark Tank, the couple hoped to take their business to new heights with a shark who would give them a $300,000 investment for 15% equity. American businesswoman Barbara Corcoran accepted their offer for $300,000 and a 20% stake in the company.
The Dough Bar recovered after filing for bankruptcy and expanded its product line to include cookies, pastry rolls, and even monkey bread. The company’s products were sold online, and they built their wholesale business.
Ondrea and Marquez Fernandez returned to Shark Tank in 2019 to give an update on their business’s progress, and business was booming. The Dough Bar’s sales skyrocketed after the duo appeared on Shark Tank, and they continued to expand their product line.
However, in 2021, The Dough Bar announced that they would run a final sale of all their products on their site until May 12. This does not mark the end of their business, as they plan to continue selling their products through wholesale channels.
How Does The Dough Bar Shark Tank?
The Dough Bar is a company that offers protein bars disguised as doughnuts. The doughnuts are made from yeast-based dough with wheat and malted barley flour, and each doughnut has 11 grams of protein.
The Dough Bar was founded by Ondrea and Marquez Fernandez in 2015, who started experimenting with doughnut recipes that were baked, sugar-free, and packed with protein. The Dough Bar’s products include doughnuts, cookies, pastry rolls, and monkey bread.
In 2018, Ondrea and Marquez Fernandez appeared on Shark Tank seeking a $300,000 investment in exchange for 15% equity. The couple had already sold more than 280,000 protein-filled doughnuts before appearing on the show.
During the pitch, Barbara Corcoran offered $300,000 for 25% equity, and Lori Greiner also expressed interest and offered to invest. Ultimately, Barbara Corcoran accepted the offer for $300,000 and a 20% stake in the company.
After the Shark Tank appearance, The Dough Bar’s sales skyrocketed, and the company recovered after filing for bankruptcy. The Dough Bar’s products were sold online, and the company had lifetime sales that exceeded $1.1 million.
However, in 2021, The Dough Bar announced that they would be closing their doors and running a final sale of all their products on their site until May 12.
Is The Dough Bar Shark Tank Still In Business?
The Dough Bar, a protein-infused doughnut company that appeared on Shark Tank, filed for Chapter 11 bankruptcy protection in 2019. However, the owners vowed to reorganize and remain in business.
The Dough Bar recovered after filing for bankruptcy and opened a brick-and-mortar store in Fort Collins, Colorado, in April 2019. Unfortunately, The Dough Bar is now closed.
As of January 2023, The Dough Bar has yet to make an official return. In 2019, Ondrea and Marquez Fernandez, the founders of The Dough Bar, had to step away from the company to provide round-the-clock care for their daughter.
While the couple reported they hoped to make a big announcement within six months of the break, The Dough Bar has yet to make an official return.
In summary, The Dough Bar filed for bankruptcy in 2019 but recovered and opened a brick-and-mortar store. However, The Dough Bar is now closed, and as of January 2023, it has yet to make an official return.
What Is The Current Valuation Of The Dough Bar After Shark Tank?
The Dough Bar, a healthy doughnut company that appeared on Shark Tank in 2018, was valued at $2 million during their pitch due to their strong sales performance with over $1 million in sales that year. Barbara Corcoran offered them $300,000 for 25% equity, which they accepted.
The Dough Bar LLC had more than $2.1 million in gross revenue in 2018 and $830,712 through June of 2019. However, the company filed for Chapter 11 bankruptcy protection in October 2019.
The Dough Bar LLC had $599,000 in assets and more than $774,115 in secured and unsecured debt. It is unclear what their current valuation is after filing for bankruptcy.
Despite the setback, the owners of The Dough Bar vowed to reorganize and remain in business. The company opened a brick-and-mortar location after online sales surpassed $2 million. The Dough Bar’s products included doughnuts, cookies, pastry rolls, and even monkey bread.
The company’s doughnuts are still available online and at a pop-up store at Flatirons Crossing in Broomfield.
How much were they asking on Shark Tank?
They were asking for $300,000 for a 15% stake in the company.
Did they get the deal?
The Fernandez got a deal from Barbara for $300,000 for a 20% stake in the company but they did not complete the deal.
Is The Dough Bar still in business?
Yes, The Dough Bar is still in business and has several retail locations across the United States.
So who does The Dough Bar serve?
The Dough Bar serves to those who love doughnuts but they don’t want to be unhealthy. You can find their stores in major cities like New York, New Jersey, Connecticut, and Massachusetts.
Where are they located?
The Dough Bar serves customers in different nations such as New York, Colorado, and California. Some of them are located in New Jersey as well as Colorado.
Where can you buy them?
Customers can purchase them straight from their website or at select retailers. Major retailers include Amazon, Walmart, and GNC.
How much does it cost?
The doughnuts are priced between $1 and $4 depending on where one purchases them. Online orders are substantially cheaper than those that are made in stores. The website offers deals when they purchase multiple boxes of doughnuts together.
How does The Dough Bar work?
The Dough Bar works by selling donuts that taste just like Krispy Kreme doughnuts. They created a blend of gluten-free flour, rice, and coconut oil.
What are the benefits of The Dough Bar?
The Dough Bar comes in two flavors: Donuts and Glazed Treats.
Why are doughnuts better than real donuts?
The Dough Bar uses the highest quality ingredients in their doughnuts, which makes them a healthier alternative to traditional donuts.
What is the net worth of Marques Fernandez?
Marques Fernandez has a net worth of $2 million.
