EveryTable Update | Shark Tank Season 9

After working at a non-profit that provides healthy food options, Sam Polk and David Foster saw a need for convenient, affordable, healthy meals. This lack of accessible healthy choices, especially in low-income areas dominated by fast food, led them to create EveryTable: a healthy fast food concept with a social mission. Let’s see if a shark was brave enough to invest in our EveryTable update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to EveryTable after Shark Tank.

Sam Polk and David Foster entered the Shark Tank to ask for $1 million for 5% equity in their food business. After an impressive pitch, they walked away with an offer from guest shark Rohan Oza for $1 million for 10% equity.

In terms of EveryTable update, though the final deal terms remain unclear, the company has thrived. They’ve expanded to brick-and-mortar operations, launched strategic partnerships, and now surpass $50 million in annual revenue.

Shark	Result
Rohan Oza	Accepted offer of $1 million for 10% equity
Lori Greiner	No offer
Mark Cuban	No offer
Robert Herjavec	No offer
Barbara Corcoran	No offer

Shark Tank EveryTable Pitch

• Entrepreneurs: Sam Polk and David Foster
• Business: Healthy food subscription service
• Ask: $1,000,000 for 5% equity
• Result: $1,000,000 for 10% equity
• Shark: Rohan Oza

In their opening pitch, Sam and David focused on their journey and EveryTable’s mission before offering the sharks a chance to try the food itself. The tastings were a hit, and the sharks clearly approved of the cuisine.

They explained that the cost of the same meal varies by location. In areas with limited access to healthy and affordable food options, often referred to as food deserts, they offer lower prices.

This allows them to directly compete with fast food establishments while still providing a healthy alternative. Conversely, in more affluent areas, they adjust their pricing accordingly.

The founders told the sharks about their variety of delicious menu options prepared by skilled chefs. This includes flavorful dishes like Jamaican Jerk Chicken and Vegan Yucatán Chili alongside healthy choices like Kale Caesar Salad.

Notably, most meals cater to dietary restrictions, with gluten-free and vegan options readily available.

Currently, EveryTable operates in five locations across Los Angeles, with plans for further expansion. Their stores offer the convenience of in-store microwaves for hot meals, or customers can enjoy them at home.

They are looking for investment from a shark to expand on a large scale.

Guest shark Rohan Oza raised concerns about their company’s valuation. While EveryTable had previously secured funding at a $20 million valuation with $4.9 million raised, their current financial situation required clarification. 

Despite generating revenue of $650,000 from their initial location and $2.9 million from additional stores, their monthly expenses exceeded income by $125,000. 

Rohan then highlighted the disparity between production costs of $2-$3 per meal and the varying sales prices, ranging from $4-$8 depending on the community’s affluence.

Barbara Corcoran commended their mission, but she said the business wasn’t for her. She’s the first shark out.

Robert Herjavec acknowledged their progress but felt they hadn’t reached a stage that aligned with his investment goals. He’s out as well.

Although supportive of their mission, Lori Greiner expressed concerns about the entrepreneurs’ level of determination and exited the deal.

Mark Cuban said the company’s current valuation wouldn’t provide him with a suitable return on investment, so he walked away from the deal.

Rohan then offered $1 million for 13.3% equity, which the entrepreneurs countered with 5.5%. But Rohan declined. They expressed some willingness to meet in the middle at 6.7% ownership.

Seeing their zeal, Rohan presented a final offer of $1 million for a 10% equity; they agreed and worked out a deal. 

Let’s get an EveryTable update to see how the company has been doing.

Shark Tank EveryTable Update

The outcome of the negotiations with Rohan remains unclear.

Based on our research, while there is no definitive confirmation, the absence of EveryTable within Rohan’s publicly listed investments suggests the deal ultimately did not materialize.

Despite this, our EveryTable update research found that the company quickly grew to $4 million in sales in 2018. 

Further, they secured $7 million in funding in July 2019, allowing them to open 13 new locations, including one at a prime location like LA International Airport.

In January 2020, they secured another $2.5 million in low-interest loans from philanthropic foundations. These funds are earmarked for opening 25 franchise locations.

By December 2021, the company had established a strong foundation in 10 locations. They planned to expand by over 20 new stores in 2022, with the vision of becoming the leading fast-food chain for healthy options. 

They further diversified their offerings by launching a subscription service in Los Angeles and supplying meals to food service providers. This approach resulted in reaching $19 million in annual revenue.

By August 2022, they had opened 47 locations in California and 4 in New York City. They were also expanding their offerings by introducing a subscription-based food delivery program similar to established services like Blue Apron or Plated.

Our EveryTable update revealed that the company’s revenue was $36 million in 2020 and $47 million in 2021. 

In August 2022, they secured $55 million in Series C funding. These funds will be strategically invested in expanding their footprint across key markets: Southern California, the Bay Area, and New York City.

In January 2023, EveryTable had established a strong presence in Southern California with 52 locations. They had also begun to expand eastward, opening 7 locations in New York City. 

In February 2024, EveryTable took a significant step towards fulfilling its social mission by partnering with the city of Los Angeles to deliver meals to senior citizens.

It looks like things are going quite well for Sam and David, and we are definitely calling this EveryTable update a success.

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