Mush is a company that was featured on Season 9 of
Shark Tank Mush Update
- Entrepreneurs: Ashley Thompson and Kat Thomas
- Business: Ready-made Oatmeal
- Ask: $300,000 for 10% equity
- Result: $300,000 for 10% equity
- Sharks: Mark Cuban
There are several flavors available from Mush, including the original flavor, vanilla bean. Other flavors include blueberry and cold brew. All of the sharks agree that the taste of the oatmeal is very good.
The BEST SELLER 16-Pack has 16 ready-to-eat cups of MUSH overnight oats, with four of each flavor including Apple Cinnamon, Blueberry, Dark Chocolate, and Vanilla Bean. Each container comes with a plastic spoon so you can just pop the lid and enjoy.
After praising the taste of the ready-to-eat oatmeal products from Mush, Ashley and Kat started to tell the sharks about their company’s history. The company was launched about two years before appearing on
A single package of oatmeal costs about $.75 to make while the retail price point is listed at $3.99 for customers. While these margins are reasonable and impressed the sharks, there were still more details to cover before a deal could be secured.
As negotiations intensified, some of the sharks contemplated the idea of making an offer. Guest shark, Rohan Oza, decided to offer $400,000 in exchange for 20% equity in the Mush company. Lori Greiner decided to drop out because she didn’t believe she could provide as much value as Rohan. Mark Cuban also jumped in and decided to offer $300,000 in exchange for 10% equity with an unlimited credit line. Barbara decided to make the same offer as Mark Cuban. After considering the offers, Ashley and Kat decided to accept Mark Cuban’s offer.
Our Mush update is exciting because Mark Cuban finalized the deal with the company. The company’s sales exceed $2 million in gross revenue every year and its overall value has grown significantly since Mark Cuban became a partner of the company.
The future seems bright for our next Mush update as their products are now available in 7-Eleven and Whole Foods retail locations around North America as well as the company’s website.
You can find the other company updates from Season 9 Episode 12 here:
Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from