Bantam Bagels Update | Shark Tank Season 6
New Yorkers, Nick and Elyse Oleksak, loved bagels but felt they could improve on this classic New York City treat. Their bite size, cream cheese filled bagel snacks are popular with locals but will the sharks offer them a deal on
Shark Tank Bantam Bagels Update
- Entrepreneurs: Nick Oleksak, Elyse Oleksak
- Business: Bagel bites filled with cream cheese
- Ask: $275,000 for 11% equity
- Result: $275,000 for 25% equity
- Sharks: Lori Greiner
Nick and Elyse brought their mini bagel bites into the tank. Nick shared that one night he had a dream of little bagel balls filled with cream cheese, and he and his wife decided to make his dream a reality. They passed out samples and several of the sharks were impressed with the flavor of the bagels. The couple explained that they were currently selling them out their little New York City restaurant.
Kevin O’Leary wanted to know what they would use an investment for. The ultimate vision was to revamp the website and set up a commercial kitchen. Mark Cuban and Robert Herjavec, both dropped, uninterested in making an offer. Barbara Corcoran was the first shark to show interest, and she offered the couple $275,000 for 51% equity.
Kevin jumped in with some contingencies, along with an offer of $275,000 for 50%. Lori Greiner decided to offer $275,000 in exchange for 30% equity. Elyse countered Barbara with $275,000 for 25% and before she could answer, Lori jumped in, frustrated with the time it was taking to make a deal. Elyse then asked Lori if she would drop her offer down to $275,000 for 25% and she agreed, so the couple quickly took her deal.
After all the back in forth in the tank, Nick and Elyse managed to strike a deal, but what happened next for their business? Keep reading our Bantam Bagels update to find out!
While the sharks wouldn’t realize it at the time of filming, this company would be one of the most iconic and successful companies to ever appear on
Are you interested to find out about the other companies featured on Season 6 Episode 13? Follow the links below for our other company updates from this episode.
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