What Happened To OatMeals After Shark Tank?

Shark Tank episode 1012 – the 2018 Shark Tank Holiday Special – aims to devour Samantha Stephens’ restaurant concept, Oatmeals, in New York City.

Stephens began her career in finance after graduating from college in 2004, even though she had always dreamed of owning a coffee shop.

According to Sam, she gained more than the dreaded “freshman 15.” Many college students, however, claim it was closer to thirty!

She discovered oatmeal throughout her undergraduate years. It was inexpensive, full, and nutritious, and you could mix it with nearly anything.

She enrolled in evening courses in entrepreneurship and pastry arts at NYU in 2008 to launch an oatmeal restaurant in New York City.

Hillel established oatMeals in New York City’s west village in 2012 after she retired from a lucrative banking career.

It took just two years for her to run one of the city’s hottest restaurants! She has invented “the Elvis,” a peanut butter, banana, bacon, honey, and sea salt sandwich.

There are many of her original ideas, or you can customize your oatmeal bowl using the numerous toppings available. She was appointed Creative Oatmeal Officer at Quaker Oats because of her success.

She teaches people about the various inventive ways to serve oatmeal.

Stephens hopes to expand OatMeals across the country once she opens her second location. A shark might be able to assist her with a bowl of cash.

What Is OatMeals?

Oatmeals, a hip New York eatery, serves this breakfast cuisine for lunch and dinner.

At first, OatMeals was a café where people could customize their oatmeal. There are four dishes at $4.25 each without bacon, chocolate chips, truffle oil, or shaved Parmesan.

OatMeals Shark Tank Update

Almost any type of food you can imagine, with oatmeal included in inventive variations. It offers over 30 sweet, savory, and pastry dishes, perfect for diet or trying something new.

Company NameOatMeals
EntrepreneurSamantha Stephens
ProductA Modern Oatmeal Experience At An Oatmeal Bar And Cafe
Investment Asking For$500,000 For 20% equity in OatMeals
Final Deal$500,000 For 33.3% equity in OatMeals
SharkLori Greiner
Episode Season 10 Episode 7
Business StatusOut Of Business
WebsiteVisit Website

Who Is The Founder Of OatMeals?

Samantha Stephens founded Oatmeals NY and served as its executive chef. She grew up in Virginia and then moved to Manhattan to pursue her undergraduate studies.

Samantha began her career in investment banking after graduating from college, but she felt that her true calling remained undiscovered.

She began attending lectures at New York University and The International Culinary Center in 2010 and received her pastry chef certification while working full-time. She also provides guest presentations on female entrepreneurship.

OatMeals Before Shark Tank

While living in New York as a student on a student’s budget, Samantha often ate oats for breakfast, lunch, and dinner.

This inspired her to create unexpected and frequently delectable combinations to spice her diet.

A restaurant featuring oat-based dishes began to form in her mind as she was inspired by New York’s contemporary restaurant scene and her commitment to healthy living.

Therefore, she obtained the requisite qualifications to establish her restaurant midway through 2012 in New York.

The café generated $2.5 million in revenue six years later, besides the money she earned being a spokesperson for Quaker Oats.

She, therefore, began asking for investors to assist her in expanding the business and brand by developing OatMeals items that can be distributed to grocery stores nationwide.

How Was The Shark Tank Pitch Of OatMeals?

Samantha appeared on the Shark Tank requesting an investment of $500,000 in exchange for a 20% stake in OatMeals.

She shares her narrative, makes a pitch, and distributes samples. Sharks adore food.

It is estimated that she will earn another $500,000 this year (2018) as she has grossed $2.5 million in six years with the company. She also only has 380 square feet of retail space.

Kevin believes she is not earning enough money; he is leaving.

Daymond thinks it will take 12 years to recoup his investment; he’s out.

Lori enquires about Sam’s consideration of packaging her products for retail sale.

Sam accepts, and Lori counters with a $500,000 offer for 33.3 percent.

Barbara wants to expand Oatmeals into a food cart business and receive $500,000 for a 50% stake in the venture. Sam ultimately chooses Lori.

Final Deal: Lori Greiner agreed to invest $500,000 For a 33.3% stake in OatsMeal.

What Happened To OatMeals After Shark Tank?

Six years after the restaurant’s launch in New York in 2012, its owner earned an additional $2.5 million in earnings from his role as a spokesperson for Quaker Oats.

Due to this, she began looking for investors who could help her grow the business and brand and manufacture OatMeals available at grocery stores across the country.

Oat Meals was closed upon the arrival of Covid-19 on January 24, 2021. She continues to be involved with Quaker Oats, promoting a range of Oat Meals worldwide.

Additionally, she is developing a food blog and cookbook to share her unique ideas with oatmeal lovers worldwide. Granola is still available through online retailers.

OatMeals Shark Tank Update

The deal between OatMeals and Lori was never finalized. She would have franchised the business and expanded its footprint in her dreams but was never granted permission to do so.

Regrettably, this enterprise was destroyed by the Covid-19 pandemic. They will cease operations on January 24, 2021.

What Happened To Hells Bells Helmets After Shark Tank?

The Oatmeals Facebook page continues to share Samantha’s oatmeal recipe ideas.

A thorough examination of the Facebook comments revealed the following quotation from Samantha: “It’s sad, but maybe there will be another chapter for OatMeals down the road.”

Is OatMeals Still In Business?

Samantha had to close Oatmeals restaurant indefinitely in early 2021 due to the ongoing effects on the food and service industries caused by COVID limitations. Samantha hasn’t given up, despite the setback.

Oatmeals products are still available online, and she works as a brand ambassador for Quaker Oats, writing blogs and recipe books about the company’s products.

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