Simply Good Jars Salad Update | Shark Tank Season 12
Chef Jared Cannon says that salad is his favorite meal to prepare. However, not everyone has access to a 5-star, chef-prepared meal. That’s why he created a product that is revolutionizing packaged salads. Will he cook up a deal on
If you’re short on time, here’s a quick overview of what happened to Simply Good Jars after
Simply Good Jars appeared on
| Shark: | Result: |
| Mark Cuban and Lori Greiner | Accepted deal of $500,000 for 10% equity |
| Daymond John | No Offer |
| Robert Herjavec | No Offer |
| Kevin O’Leary | $500,000 as a loan at 9.5% interest and 7% equity |
Shark Tank Simply Good Jars Update
- Entrepreneur: Jared Cannon
- Business: Salads in a jar
- Ask: $500,000 for 7% equity
- Result: $500,000 for 10% equity
- Shark: Mark Cuban and Lori Greiner
Featured on
Even better, if you return the jar, Simply Good Jars will donate a meal to someone in need. They also reuse the returned jars, which is great for the environment.
Prior to the COVID-19 pandemic, Jared sold his product in airports, hotels, colleges, and other places with high foot traffic via vending machines.
However, because most of these places closed during the pandemic, Jared had to get creative.
This led him to a partnership with Cloud Kitchens, where he could list his product on meal delivery sites. He has also managed to get the salads into a variety of grocery and convenience stores.
When discussing cost, Jared shared that it costs around $2.50-$3.50 to make a salad jar, and they sell between $9-$11. Additionally, he sells them wholesale for between $5-$6.
When Daymond John asked Jared about sales, he shared that he had done just shy of $300,000 in sales in 2019, and at the time of filming in 2020, he was already at $475,000 YTD.
Further, Simply Good Jars is on track to do $750,000 by the end of the year.
Daymond went on to ask how much Jared would make off those sales, and he said he would not earn a profit yet. In fact, he is actually losing around $900,000 a year.
Despite this, Jared is confident that they’ll eventually turn the corner, and will be highly profitable. He’s even raised over $2.5 million to help turn things around.
Kevin O’Leary is the first shark to show interest. He offered Jared $500,000 as a loan at 9.5% interest and 7% equity.
After the offer, Robert Herjavec drops out over concerns that the company will continue to lose money, and Daymond follows out for the same reason.
Lori Greiner is next, and she teams up with Kevin on the same deal he originally offered. Then, Mark matches Kevin and Lori’s offer but drops the interest to 3%.
While discussing all of this, Mark changes his offer to $500,000 for 10% equity, and Lori joins him in the deal, leaving Kevin in the dust. Jared agrees, and the deal is done.
Does Jared turn things around after teaming up with two sharks? Keep reading our Simply Good Jars update to find out!
In terms of a Simply Good Jars update after
In 2022, the company opened a packaging facility in Florida, to help expand production. Jared is also working on a patent to protect his unique packaging style.
In addition to Simply Good Jars’s line of salads, in early 2023, they launched a new product called All Day Parfaits. These sweet treats feature 3 flavor combos; Apple Crumble, Chocolate Peanut Butter, and Lemon Mango.
If you’d like to order a jar, you can do so on the Simply Good Jars website.
In the meantime, be sure to check out some of our other updates from the companies featured on Season 12 Episode 16.
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!