Dave Alwan is a butcher who wants to expand his mail order meat company, but this isn’t his first time in the tank. In season 4 he tried to get a deal, but walked away empty handed. This time he’s back with the same products, and a different business plan. Will this be the time he lands a deal on
Shark Tank Echo Valley Meats Update
- Entrepreneurs: Dave Alwan
- Business: Mail order meat products
- Ask: $150,000 for 20% equity.
- Result: $150,000 for 25% equity.
- Sharks: Mark Cuban
It’s rare for an entrepreneur to bring their company back onto
After failing to provide the sharks with his company’s acquisition cost in Season 4, Dave came back with that number memorized, sharing that it was $12.00, while retaining customers only cost him $1.00. His most recent earnings at the time of filming were $1.4 million in gross revenue sales, with a net profit of $260,000.
Lori Greiner was extremely impressed with Dave and the product, but she admitted that she didn’t like to eat a lot of meat, so she dropped out. Kevin O’Leary decided to make an offer of $150,000 for 20%, but he wanted both sides of the business rather than just the mail-order side, and he wanted Dave to carry one of his cupcake products. Robert Herjavec was also interested, offering $300,000 for 35% equity, also for the whole company. Feeling a little competitive, Kevin adjusted his offer to $150,000 for 17.5% equity.
Mark Cuban who was already a fan of the products, admitting that he ordered from it for the holidays, offered $150,000 for 25% equity of the mail in side of the business, but he wanted an option to buy 25% of the other side of the business as well. Dave decided to accept Mark’s offer. What happened next for his company? Keep reading our Echo Valley Meats update to find out!
We have exciting news to share in our Echo Valley Meats update! He made millions of dollars after the episode aired and his company continues to generate millions of dollars in gross sales every single year. Products are available on the Echo Valley Meats website.
Would you like to find out about the other companies featured on Season 6 Episode 22? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to check out our Season 6 Products Page!
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!