Vermont Butcher Block and Board Company Pitch Net Worth 2023
Vermont Butcher Block and Board Company Shark Tank Pitch Net Worth
Vermont Butcher Block and Board’s net worth at the time of the shark tank pitch was estimated to be $1.6 million.
As of 2021, the net worth of Vermont Butcher Block and Board is not publicly available, but it’s safe to say that since it Vermont Butcher Block and Board Company went out of business in 2017, the valuation is not available.
Vermont Butcher Block and Board were featured on Shark Tank in 2018. In 2018, Glickman pitched the company on Shark Tank, seeking a $400,000 investment in return for 25% of the company. However, he did not receive any offers from the Sharks.
Since founding the company, Glickman had sold nearly $3 million in products, with an average of $400,000 per year in retail sales.
He also moved out of his garage and into a commercial space in Williston’s Boyer Circle with the help of an investment fund that provided $250,000.
Unfortunately, business dwindled and rent payments stopped, leading to bankruptcy and leaving behind nearly $800,000 in unpaid debts to banks, investment funds, lawyers, accountants, and suppliers. The Vermont Butcher Block & Board Company has since gone out of business.
What was Vermont Butcher Block and Board Company? Who was the Founder of Vermont Butcher Block and Board Company?
The Vermont Butcher Block and Board Company was a specialized manufacturer of high-quality kitchen goods made from Vermont Cherry, Maple, and Walnut wood.
Their product line included cutting boards, kitchenware, bowls, platters, and home decor items. In addition, they also sold Vermont-made foods.
One of their most sought-after products was the cutting board, which featured edge grain and end grain butcher blocks and chopping boards. These cutting boards also included four rubber feet for stability during use.
The founder of the company, David Glickman, was a native of New York who relocated to Vermont in 2003 to start the company.
He had an MBA and a passion for woodworking, which drove him to create unique, hand-crafted furniture that paid homage to the legacy of skilled woodworkers.
Vermont Butcher Block and Board Company Shark Tank Pitch
David Glickman made an appearance on the fourth season, 23rd episode of Shark Tank, where he pitched his company, Vermont Butcher Block and Board Company, and sought a $400,000 investment in exchange for a 25% stake in the company, valuing it at $1.6 million.
Glickman wore a tie-dyed business suit and shorts during his presentation, which he explained was a “symbol of liberty.”
He showcased the Sharks samples of his cutting boards, wooden bowls, serving utensils, and other products.
However, during the pitch, Kevin O’Leary expressed doubts about the profitability of the business, while Lori Greiner raised concerns about the trend of using antibacterial materials in cutting boards, such as plastic.
Glickman responded by citing scientific publications that contradicted the trend, stating that plastics hold germs more readily than wood.
Despite this, Mark Cuban and Kevin O’Leary decided not to invest, and Daymond John was not enthusiastic about the company, resulting in them also dropping out.
Robert Herjavec declined to offer a loan, stating that he did not have enough information to provide sound recommendations.
As a result, Glickman left the Shark Tank without a deal, despite increasing his offer to try and entice the Sharks.
After the appearance, Vermont Butcher Block and Board Company moved to a larger production facility and continued to sell their products through various outlets, including magazines like This Old House and Cooks.
Despite the lack of investment from the Sharks, Vermont Butcher Block, and Board Company continued to achieve success under Glickman’s leadership.
However, Glickman filed for bankruptcy in November 2017, resulting in $800,000 of outstanding debt, including $84,000 owing to the manufacturing facility’s landlord.
After this, a new company with the same name was started by Lucas Jenson, selling butcher block countertops and chopping boards. Meanwhile, Glickman has been keeping a low profile.
What was the Net Worth of Vermont Butcher Block and Board Company?
David Glickman appeared on the reality show Shark Tank in season 4 episode 23, seeking a $400,000 investment in exchange for a 25% stake in the Vermont Butcher Block and Board Company, which at the time was valued at $1.6 million.
However, it should be noted that the company is no longer in business, so the current valuation is not available.
Who are the Competitors of Vermont Butcher Block and Board Company?
There are no competitors identified for Vermont Butcher Block.
Vermont Butcher Block And Board Company Shark Tank Updates
David Glickman, the owner of Vermont Butcher Block and Board Company, appeared on Shark Tank in May 2013 to pitch his business. He was seeking a $400,000 investment in return for 25% of the company.
However, he failed to attract an investor on the show. Despite Lori Greiner’s concerns and the other Sharks’ lack of enthusiasm, Vermont Butcher Block and Board Company did eventually move to a larger manufacturing facility, growing the business.
It continues to sell, having been featured in several well-known magazines, like This Old House and Cooks.
In November 2017, Vermont Butcher Block and Board Company filed for bankruptcy, leaving behind nearly $800,000 in unpaid debts to banks, investment funds, lawyers, accountants, and suppliers.
The business has since been revamped by new owner Lucas Jenson and is now called Vermont Butcherblock Company. The company’s website is still up and running, and it appears that the e-commerce side of the business is still open.
The site has been professionally re-done and is ready for a flood of orders once David shows the world what the Vermont Butcher Blocks and countertops are all about.
Summary Table about Vermont Butcher Block and Board Company.
TOPIC | DETAILS |
Company Name | Vermont Butcher Block and Board Company |
Founder | David Glickman |
Product Line | Cutting boards, kitchenware, bowls, platters, and home decor items |
Shark Tank appearance | Season 4, Episode 23 (May 2013) |
Shark Tank Pitch | Sought $400,000 in exchange for a 25% stake in the company, valuing it at $1.6 million; received no offers |
Annual Sales | $400,000 per year in retail sales |
Bankruptcy | Filed in November 2017, leaving behind nearly $800,000 in unpaid debts |
Competitors | None Identified |
Shark Tank Updates | The company moved to a larger manufacturing facility and continued to sell products |
Current net worth | Not publicly available, but the company went out of business in 2017, leaving behind nearly $800,000 in unpaid debts |
Net Worth | $1.6 million at the time of the Shark Tank pitch, not publicly available after the bankruptcy |
Vermont Butcher Block and Board Company FAQS
What Is Vermont Butcher Block & Board Company And How Does It Work?
The Vermont Butcher Block & Board Company is a small custom millshop that produces high-quality wooden kitchenware, including cutting boards, utensils, bowls, platters, and kitchen and home decor.
The company’s mission is to produce products of premium quality and durability that highlight the natural beauty of regular grained and figured wood.
The company uses Vermont Cherry, Maple, and Walnut to create their products, and they endeavor to use wood that is responsibly harvested from sustainably managed forests.
The company purchases wood from local furniture manufacturers that they would otherwise discard and use this in many of their cutting and presentation boards.
The Vermont Butcher Block & Board Company’s cutting boards are the real star of their product line. The company manufacturers both edge grain and end grain butcher blocks and cutting boards.
Both types have four rubber feet on the bottom that are secured with stainless steel screws, ensuring that the board won’t slip or slide while in use. The cutting boards are available in sizes ranging from 10″ x 7″ to 24″ x 14″ in both edge grain and end grain models, making them perfect for any use.
The company’s other products, including wooden utensils, bowls, platters, and accessories, are equally well-made.
The Vermont Butcher Block & Board Company sells most of its products via its website, but it also has a retail store in Burlington, VT. The company was founded by David Glickman, who left his job in New York City to pursue his passion for woodworking.
The company is locally owned and operated in Vermont, and every bowl, knife block, lazy susan, salad server, and more is made by hand with care.
What Is The History Of Vermont Butcher Block & Board Company?
The Vermont Butcher Block & Board Company was founded in 2003[1]. The company’s products are made in a small custom millshop, and their craftsmen hand-select each piece of wood before using it to make their products.
The company’s products include maple butcher block countertops and cutting boards, which are crafted and hand-finished in Vermont. The company was already profitable before appearing on Shark Tank in May 2013.
David Glickman, the owner of the company, was looking for a $400,000 investment in return for 25% of the company, but he failed to attract an investor on the show.
In November 2017, the company filed for bankruptcy, but it has since been revamped by a new owner, Lucas Jenson. The company’s revenue was $5.9 million in 2021, and it has 30 employees.
What Happened To Vermont Butcher Block After Their Appearance On Shark Tank?
After appearing on Shark Tank in May 2013, Vermont Butcher Block failed to attract an investor on the show. However, the company continued to operate and moved to a larger manufacturing facility, growing the business.
The company has been featured in several well-known magazines, such as This Old House and Cooks. As of December 2022, the Glickman family, who owns the company, seems to be doing well. The company’s website is still up, but it has not been updated recently.
In November 2017, the company filed for bankruptcy, but it has since been revamped by new owner Lucas Jenson and is now called Vermont Butcherblock Company.
What Was The Outcome Of Vermont Butcher Block And Board Company’s Appearance On Shark Tank?
David Glickman, the owner of Vermont Butcher Block and Board Company, appeared on Shark Tank in May 2013 to pitch his business, seeking a $400,000 investment in return for 25% of the company.
However, he failed to attract an investor on the show and left without a deal. Despite the lack of investment, the company continued to operate and moved to a larger manufacturing facility.
As of December 2022, the Glickman family, who owns the company, seems to be doing well. In November 2017, the company filed for bankruptcy, but it has since been revamped by a new owner, Lucas Jenson.
The company’s website is still up and running, and it appears that they sell most of their products via their website.
Where was Vermont Butcher Block and Board Company located?
It is located in Williston, Vermont, United States.
What products does Vermont Butcher Block and Board Company offer?
Vermont Butcher Block and Board Company sells cutting boards, wooden bowls, wooden serving utensils, chopping boards, butcher blocks for home use.
Who was the founder of Vermont Butcher Block and Board Company?
David Glickman was the founder of Vermont Butcher Block and Board.
When did Vermont Butcher Block and Board Company start?
It started in 2004.
How much was he seeking in the Shark Tank?
He was seeking $400,000 for 25% of his business, which translates to around $1.6 million.
Did he get the deal from the Sharks?
He did not get the deal from the Sharks.
What happened to Vermont Butcher Block and Board Company?
Glickman entered bankruptcy in November 2017, leaving $800,000 in outstanding bills, including $84,000 owing to the manufacturing facility’s landlord.
Since then, a guy named Lucas Jenson has started a company with the same name.
Do they do wholesale?
They are no longer in business.
Is it safe to use wooden butcher blocks?
However, research has shown that wood-cutting boards are just as safe, if not safer, to use than plastic.
“Soft woods, such as cypress, are less likely to dull the edge of their knife, but they also represent a bigger food safety concern,” says the author.
Is maple suitable for butcher block?
Hard Maple is utilized for a range of popular goods due to its solid character, including baseball bats, flooring, rolling pins, and, of course, butcher blocks and cutting boards.
When was Vermont Butcher Block and Board Company aired on Shark Tank?
It was aired on Season 4 Episode 23 on May 2, 2013.
Where can they find more information about Vermont Butcher Block and Board Company?
They can visit Shark Tank season 1 episode 23.
Were their products FDA-approved?
Yes. All of their goods were made in the United States with % FDA-approved domestic raw ingredients and are handcrafted by American workers.
Where can they buy Vermont Butcher Block and Board Company?
It is no longer in business.
What is the net Worth of David Glickman?
David Glickman’s net worth is unavailable.