Pork Barrel BBQ Update | Shark Tank Season 1
Brett Thompson and Heath Hall believe their all-American spice rub and BBQ sauce is the best of the best. Will the sharks agree and offer them a deal on
Shark Tank Pork Barrel BBQ Update
- Entrepreneurs: Brett Thompson and Heath Hall
- Business: BBQ sauce and spice rub
- Ask: $50,000 for 10% equity
- Result: $50,000 for 50% equity
- Sharks: Barbara Corcoran
Brett and Heath brought their Pork Barrel BBQ sauce and spice rub to
Give your food a gourmet smoky flavor by using the delectable Pork Barrel BBQ All American Seasoning & Rub (22 oz.)
With this delicious BBQ dry rub, you can easily impart slow-cooked flavors in your meats and more, without actually having to cook them for hours.
When the topic of sales came up, the guys explained that they were pre-sale at the time of filming but had just won second place in a National BBQ battle in Washington D.C. They anticipated that sales would reach $4.1 million in revenue by the years end, with a profit of 1 million.
Their gross margins were about 50%. It cost them $1.80 to manufacture the sauce and $2 to manufacture the rub. With big numbers and no sales, most of the sharks weren’t convinced they’d meet their expectations.
Robert Herjavec felt that the company was too small and too early, so he was the first shark to drop out. Kevin Harrington said it was too risky to invest, so he went out next.
Daymond John went out due to there being too much competition in the market. Kevin O’Leary agreed that it was too early to invest, so he too went out.
That left Barbara Corcoran and she was interested. She offered Brett and Health $50,000 for 50% equity and they countered here at 40% which she declined. Ultimately they accepted her original offer!
What happened next for their company? Keep reading the Pork Barrel BBQ update to find out!
We have fantastic news to share in our Pork Barrel BBQ update! It turns out that this may be one of the best deals ever from Season 1 of
Barbara Corcoran finalized her deal with the company and would go on to be featured in an update segment later on in the series. Since
Products are available on the Pork Barrel BBQ website and on Amazon.
Would you like to learn about the other companies featured on Season 1 Episode 6? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 1 Products Page!
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!