CBS Foods Shark Tank Update | CBS Foods Net Worth

CBS Foods is a food manufacturing company that gained popularity after its appearance on the second season of The Shark Tank. The company’s flagship product, presented to the Sharks, is the “Original Shrimp Burger,” a unique product designed to diversify the food industry’s burger segment.

The Shrimp Burger is made from wild-caught Gulf shrimp and a proprietary blend of spices and Panko bread crumbs, providing a healthier and more environmentally conscious alternative to traditional meat-based burgers. 

CBS Foods’ Shrimp Burger is distinguished by its high protein and low-fat content, making it a good choice for health-conscious consumers. The burger is also free from artificial flavors, colors, and preservatives, demonstrating the company’s commitment to providing all-natural, quality products.

The burger is quick and easy to cook by pan-frying or grilling, making it a convenient choice for those seeking a fast yet nutritious meal. The Shrimp Burger by CBS Foods is an excellent choice for several reasons.

CBS Foods caters to the increasing consumer trend towards seafood consumption due to its health benefits, including heart health and weight management. The Shrimp Burger provides a unique twist to the traditional burger, offering a refreshing change to food enthusiasts.

CBS Foods’ focus on sustainability, using wild-caught shrimp, aligns with the growing concern for environmental sustainability within the food industry. Thus, the Original Shrimp Burger from CBS Foods is a tasty choice and a healthy and responsible one.

Company NameCBS Foods
EntrepreneurShawn Davis
Product / BusinessOriginal Shrimp Burger
Investment Asking For$200,000 for 25% equity in CBS Foods
Final DealNo Deal
SharkNo Shark
CBS Foods Episode Season 02, Episode 1
CBS Foods Business StatusIn Business
CBS Foods WebsiteVisit Website
CBS Foods Net Worth$10 Million

What Is CBS Foods?

CBS Foods is a company that specializes in providing food products and services. They offer various food items, including snacks, beverages, condiments, and frozen foods. CBS Foods is known for its high-quality products and commitment to customer satisfaction.

CBS Foods is a multinational food company with a diverse portfolio of products and brands. They operate in various food industry segments, including snacks, beverages, condiments, and frozen foods.

The company is dedicated to delivering high-quality and delicious food products to consumers. They strive to meet the ever-changing demands of customers by offering a wide range of options that cater to different tastes and dietary preferences.

CBS Foods Shark Tank Update | CBS Foods Net Worth

CBS Foods has a strong focus on innovation and sustainability. They continuously develop new products and flavors to keep up with emerging trends in the food industry. They prioritize sustainable sourcing and production methods to minimize their environmental impact.

As a global company, CBS Foods has a presence in multiple countries and markets. They distribute their products through various channels, including supermarkets, convenience stores, restaurants, and online platforms.

CBS Foods is committed to providing enjoyable and nutritious food options for people worldwide.

Who Is The Founder Of CBS Foods?

CBS Foods was founded by Shawn Davis, also known as Chef Big Shake. Davis is a passionate chef who loves creating unique and tasty food combinations. His journey towards creating CBS Foods and the famous shrimp burger is inspirational.

Before establishing CBS Foods, Davis had a career in the music industry, but his lifelong love for cooking remained.

His culinary passion was mainly inspired by his mother and grandmother, who were excellent cooks. He grew up in a kitchen environment, helping his mother and grandmother prepare meals and absorbing their culinary wisdom.

The idea of the shrimp burger was conceived when his daughter became a pescatarian, choosing to abstain from all meat except seafood.

He took this as a challenge and a way to support his daughter’s decision and started experimenting with shrimp to create a delicious and satisfying burger.

The original shrimp burger was a unique and flavorful creation that was an instant hit with his family and friends.

Before appearing on Shark Tank, CBS Foods was a small operation, mostly selling shrimp burgers at local farmers’ markets and food events. Davis also managed to get his product into a few local stores.

However, scaling the business was a challenge due to the financial constraints of manufacturing and distribution on a larger scale.

Despite the challenges, the unique appeal of the shrimp burger and the authenticity of Davis’s culinary passion were clear, which initially attracted the attention of the Shark Tank producers and eventually led to his appearance on the show.

How Was The Shark Tank Pitch Of CBS Foods?

Shawn Davis, the founder of CBS Foods, presented his Original Shrimp Burger on Shark Tank’s second season. His compelling and passionate presentation reflects his deep belief in his product.

He started his pitch by sharing how he came up with the idea of the shrimp burger, attributing it to his daughter’s decision to become a pescatarian. 

For his unique product, Davis sought an investment of $200,000 in exchange for a 25% equity stake in CBS Foods, valuing the company at $800,000.

He explained how his shrimp burgers provided a healthier, tasty, and environmentally friendly alternative to traditional beef burgers.

He also emphasized the growing trend towards seafood consumption due to health benefits and a greater awareness of sustainability issues. 

The Sharks were intrigued by the product and the story behind it. They appreciated the uniqueness of the shrimp burger, seeing its potential in the market.

However, they also expressed concerns about the scalability of the business, especially given the higher price point of shrimp compared to beef and the logistical challenges of distributing a frozen food product.

After some negotiation, Davis struck a deal with Mark Cuban. The final agreement was for $200,000 in exchange for a 25% stake in the company, aligning with Davis’s initial proposal.

The investment from Cuban gave Davis the much-needed capital to scale up production, broaden distribution channels, and increase the visibility of CBS Foods and Original Shrimp Burger.

The exposure from the show also significantly boosted the product’s popularity, leading to increased demand and business growth.

Did CBS Foods Get a Deal on Shark Tank?

No, CBS Foods did not get a deal on Shark Tank. Owner Shawn Davis, also known as Chef Big Shake, appeared on the show and asked for an investment of $200,000 for a 25% equity stake in the CBS Foods brand. 

Despite the Sharks enjoying his shrimp burgers, he did not receive any offers from them. However, this did not slow down Davis. He continued to pursue his dream and impressively managed to attract a group of angel investors who believed in his potential. 

They offered him $500,000 for an equity stake in CBS Foods. As a result, within a year, his products were being distributed in over 800 grocery stores, mostly on the East Coast.

His business saw a significant increase in sales, going from $30,000 in 2011 to $5 million in 2012. In 2013, Davis and his wife, Robin, opened their first restaurant, Big Shake’s Hot Chicken and Fish, in Franklin, Tennessee. The restaurant later grew into a franchise with multiple locations.

Despite not getting a deal on Shark Tank, Chef Big Shake’s success story shows that perseverance and determination can often lead to great things. Later on, Mark Cuban, one of the Sharks, publicly admitted that he regretted not investing in CBS Foods.

What Happened To CBS Foods After Shark Tank?

After appearing on Shark Tank, CBS Foods, led by founder Shawn Davis, experienced considerable growth despite not securing an investment from the Sharks. The Sharks had reservations about the business’s valuation and the volatility of shrimp prices, which they saw as a risk.

Kevin O’Leary, in particular, expressed that CBS Foods might be too premature for investment. Nonetheless, Davis’s appearance on the show was beneficial, bringing CBS Foods and the Original Shrimp Burger to national attention.

Although Davis initially felt disappointed about not receiving an investment offer, he found support from his family and people who saw him on the show. Following his Shark Tank appearance, Davis received thousands of emails from fans and potential investors.

One of these opportunities was a better offer than what Davis had initially sought on Shark Tank, allowing him to continue his business and significantly increase sales.

Before the show, CBS Foods had about thirty thousand dollars in sales. However, the company’s projected sales rose dramatically after the show, reaching five million dollars.

CBS Foods’ products, including the shrimp burger, began to be sold in over two thousand grocery stores across the United States.

Regarding the company’s digital presence, as of the last update, the CBS Foods website appeared to be under construction, hinting at a forthcoming revamp.

While it might seem odd for a prospering company to have a down website, it’s not uncommon for businesses to temporarily limit their website functionality during major redesigns or transitions.

Despite not receiving an investment in Shark Tank, Shawn Davis leveraged the exposure to drive substantial growth for CBS Foods. His passion for his product and the public’s newfound awareness and interest in the shrimp burger helped the business expand its sales and retail distribution significantly post-show.

CBS Foods Shark Tank Update

CBS Foods appeared on the popular TV show Shark Tank to pitch their business idea to a panel of successful entrepreneurs known as the “sharks.”

During their appearance on the show, CBS Foods showcased their unique food product and explained the potential market and growth opportunities.

The sharks were impressed by the company’s concept and saw the potential for success. As a result, one of the sharks offered to invest in CBS Foods in exchange for a stake in the company.

CBS Foods accepted the offer and secured the investment from the shark. This gave them financial support and access to the shark’s network and expertise.

CBS Foods Shark Tank Update | CBS Foods Net Worth

With the newfound investment and guidance, CBS Foods was able to scale up its operations and expand its product line. They invested in marketing campaigns to raise brand awareness and attract more customers.

The exposure from appearing on Shark Tank also helped CBS Foods gain a significant boost in publicity. This led to increased interest from consumers and potential business partnerships.

As a result, CBS Foods experienced rapid growth in its sales and revenue. They were able to reach a wider audience and establish themselves as a reputable brand in the food industry.

With their success on Shark Tank and the subsequent growth of their business, CBS Foods continued to innovate and introduce new products to meet consumer demands.

Appearing on Shark Tank was a turning point for CBS Foods. It gave them the necessary resources and exposure to take their business to the next level.

Is CBS Foods Still In Business?

Our research shows that CBS Foods is still in business. CBS Foods, the company owned by Shawn Davis (Chef Big Shake), experienced significant success and growth after appearing on “Shark Tank.”

The company’s sales increased from $30,000 in 2011 to $5 million in 2012, and within a year and a half, their products were being distributed in 2,500 grocery stores. CBS Foods expanded its product line to include lobster-themed products and veggie burgers.

In 2013, Shawn Davis and his wife opened their first brick-and-mortar restaurant, Big Shake’s Hot Chicken and Fish, in Franklin, Tennessee. The restaurant eventually grew into a franchise concept with multiple locations.

Despite initially receiving no offers from the sharks on “Shark Tank,” Davis’s success led to one shark publicly admitting his mistake in not investing in CBS Foods.

What Is the Net Worth Of CBS Foods?

According to our research, the net worth of CBS Foods is estimated to be $10 million. The valuation of CBS Foods was $800,000 when it appeared on Shark Tank.

Also, read other similar businesses that appeared on Season 2 of Shark Tank:

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