The Dough Bar Update | Shark Tank Season 9
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: Healthy donuts
- Ask: $300,000 for 15% equity
- Result: $300,000 for 20% equity
- Sharks: Barbara Corcoran
The Dough Bar’s 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 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 costs customers about $15 while it only costs $7 to make them. Shipping costs also have to be added in, which slightly cuts into the overall margin.
The Dough Bar’s average margin on a traditional box of donuts is about 50%. The company 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. However, Ondrea and Marquez decided to accept Barbara’s offer after managing to convince her to only take 20% equity from the company.
With a deal in hand, let’s take a look at The Dough Bar update to see how Ondrea and Marquez are doing.
Unfortunately, The Dough Bar 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.
While things were looking up, 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 Dough Bar update we had hoped for.
You can find the other company updates from Season 9 Episode 20 here:
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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!