The Dough Bar is a company that has turned the traditional recipe for a donut into a potentially healthy alternative while still being tasty and delicious as a normal donut. Ondrea and Marquez Fernandez came onto
Shark Tank The Dough Bar Update
- Entrepreneurs: Ondrea Fernandez and Marquez Fernandez
- Business: Donuts
- Ask: $300,000 for 15% equity
- Result: $300,000 for 20% equity
- Sharks: Barbara Corcoran
The donuts are individually packaged and can be ordered online with ease. The donuts are then shipped to customers at their front door where their tasty treat can then be opened and enjoyed. Two of the most popular flavors are the Apple Pie donut and the Cookie Butter donut. The sharks were very impressed with how delicious the donuts were, especially since they were less than 350 calories.
One box of donuts can cost customers about $15 and to make the donuts it costs the company about $7. Shipping costs also have to be added in, which slightly cuts into the margin that the company produces. The company’s average margin on a traditional box of donuts is about 50%. The Dough Bar has lifetime sales that exceed $1.1 million, which also seemed to stun the sharks in a positive way.
Barbara Corcoran decided to make an offer of $300,000 in exchange for 25% equity. Lori Greiner also admitted that she was interested and decided to offer $300,000 for 20% equity. Guest shark, Alex Rodriguez, wanted to partner up with Lori and make an offer of $400,000 for 30% equity. Ondrea and Marquez decided to accept Barbara’s offer after managing to convince her to only take 20% equity from the company.
Let’s take a look at The Dough Bar update to see how the company is doing today. The company was forced into filing for bankruptcy in 2019, but managed to recover and keep their business open. The company narrowly avoided going out of business and now managed to generate more than $2 million in revenue per year.
Unfortunately the entrepreneurs stopped production of their donuts in May 2022 to focus on their infant daughter who was battling medical issues. While the company ended strong, this certainly isn’t the
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