Joe’s Gourmet Fish Fry Update | Shark Tank Season 9

Joe’s Gourmet Fish Fry was featured on Season 9 and included husband and wife entrepreneurs Maranda and Joe Dowell. They were seeking an investment of $150,000 in exchange for 15% equity in their company. The sharks seemed interested and wanted to learn more about the company, so let’s see how the negotiations took place during this episode before we jump ahead and give you a Joe’s Fish Fry update from the present day.

Shark Tank Joe’s Fish Fry Update

Joe’s Fish Fry Update

  • Entrepreneurs: Joe Dowell and Maranda Dowell
  • Business: Seafood
  • Ask: $150,000 for 15% equity
  • Result: $150,000 for 25% equity
  • Sharks: Daymond John

Kevin O’Leary raised some financial questions and wanted to know about the company’s margins. Maranda responded and told Kevin that it costs the company about $1.22 to make a single package and that consumers can directly purchase a package for $4.99. The company had recently reached the $400,000 revenue milestone before appearing on Shark Tank to pitch its product.

The company has distributed its product to hundreds of different Walmart locations around the country. Sales appear to be climbing and Joe and Maranda told the sharks that they hope they are interested in potentially making an investment to help their company take the next step in growth.

Kevin was impressed with the company but felt that the valuation was too steep to overcome. He ultimately decided to drop out without making an offer. Lori Greiner shared a similar opinion and also decided to drop out. All of the remaining sharks dropped out with one exception. Daymond John offered $150,000 in exchange for 25% equity of the company.

Joe and Maranda happily accepted the offer and looked forward to their partnership with Daymond. Let’s see what has changed for this company in our Joe’s Fish Fry update.

There’s a lot of good news for Joe and Maranda because the company is now featuring its product in more than 1,200 different locations. Revenues continue to tick upward and recently reached a gross revenue milestone of more than $1 million in a single year.

You can find the other company updates from Season 9 Episode 16 here:

Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from Shark Tank Season 9.