Topsail Steamer Update | Shark Tank Season 16
Danielle Mahon saw how intimidating cooking seafood at home can be, even though there’s nothing like sharing a seafood feast with family and friends. As a result, she created Topsail Steamer—a way to bring the joy of a beachside boil to your own kitchen. Her easy-to-use kits take the guesswork out of seafood prep, so anyone can whip up a delicious, stress-free meal, whether they’re on vacation or right at home. Now, will Danielle’s dream sail forward with the sharks’ support? Dive into our Topsail Steamer update and pitch recap to find out.
If you’re short on time, here’s a quick overview of what happened to Topsail Steamer after
Danielle appeared on
In terms of a Topsail Steamer update, the company has steadily expanded since its
| Shark | Result |
| Todd Graves and Lori Greiner | $350,000 for 18% equity |
| Kevin O’Leary | No offer |
| Daymond John | No offer |
| Mark Cuban | No offer |
Shark Tank Topsail Steamer Pitch
- Entrepreneur: Danielle Mahon
- Business: Seafood Meal Kit
- Ask: $350,000 for 8% equity
- Result: $350,000 for 18% equity
- Sharks: Lori Greiner and Todd Graves
Danielle walked into
She’s sought an investment to expand Topsail Steamer’s reach, hoping to grow her franchise nationwide.
Topsail Steamer is all about bringing the fun and flavor of a coastal seafood boil right to your home.
Their “Bay Buckets” are filled with fresh shrimp, crab, clams, andouille sausage, corn, potatoes, and a special seasoning blend.
With just a little water or beer and simple instructions, you can have a steaming seafood feast in no time—no need for a trip to the beach.
They make it easy, whether you pick up a kit from one of their East Coast stores or order online from their website or Goldbelly.
Each kit is pre-prepped, saving you the hassle of sourcing and chopping ingredients.
It’s perfect for seafood lovers, families, or anyone who wants to recreate those laid-back beach gatherings without leaving home.
There are signature kits to choose from, or you can mix and match to create your own, making it easy to find something that fits your taste.
What really makes Topsail Steamer special is how easy it is for anyone to cook a seafood boil, even if you’re not a kitchen pro.
It’s more than just good food—it’s about the experience.
It costs $177 per order, with each one costing around $70.80 to make, giving them a solid 60% profit margin.
Danielle has managed to keep food costs down to 28% of sales.
Right now, they have eight cozy storefronts all along the East Coast from New Jersey to Florida.
Those locations brought in $4.5 million in 2023 alone, and this year, they’re on track to hit $5.7 million.
The full-time shops typically earn close to $987,000 annually, while the seasonal spots, which operate about four months a year, earn around $450,000.
Labor costs are well-managed at 17%, with store managers earning between $55,000 to $60,000.
Todd quickly showed his interest, offering $350,000 but for a steeper 20% equity.
Danielle, not ready to give up that much equity, countered with 16%, but Todd didn’t budge.
Lori saw an opportunity and decided to join the conversation. She suggested teaming up with the existing offer of $350,000 for 20%, splitting the equity evenly.
Danielle, determined to keep a bit more of her business, asked if they’d settle for 18% equity.
After some back-and-forth, Todd and Lori agreed. In the end, Danielle walked away with a deal—$350,000 for 18% equity, with each shark taking a 9% slice.
Was this the right move for Danielle? Find out in our Topsail Steamer update.
Shark Tank Topsail Steamer Update
Since appearing on
However, our Topsail Steamer update found that the company continues to expand, offering its signature seafood steam pots.
On the Topsail website, the company emphasizes nationwide shipping through Goldbelly. It offers 12 different product varieties that allow customers to enjoy seafood anywhere.
At the time of writing our Topsail Steamer update, to celebrate her
We can’t wait for our next Topsail Steamer update.
For more updates from
Before you go, be sure to check out our list of all the Shark Tank Season 16 products.
Marvin Uzor
Marvin Uzor is a content contributor for Shark Tank Recap. He specializes in crafting engaging, well-researched content that delve into the latest Shark Tank stories, keeping readers hooked. He has a soft spot for his favorite Shark Tank companies, Bombas and Doorbot, known for their innovation and impact.