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Beyond Sushi Shark Tank Update

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Beyond Sushi is a vegan plant-based sushi that is prepared by using fresh vegetables, fruits, herbs, spices, and whole grains to serve healthy and delicious wraps, dumplings, and rolls. Beyond Sushi is following the vision of Eating clean and saving the environment. Beyond Sushi is a kosher and vegan restaurant chain that encourages plant–based movement.

Beyond Sushi offers catering services for parties, corporate events, and marriages. Beyond Sushi has received very positive feedback from its customers on its website. Beyond Sushi started the trend of vegan sushi and now it is gradually getting spread across the nation. Beyond Sushi is prepared all-natural and is free from gluten, cruelty, and other toxic ingredients.

Beyond Sushi at a Glance:

IdeaA plant-based vegan restaurant that serves sushi
FoundersGuy Vaknin
Asked For$1.5 million for 25% equity in west coast and 5% equity in east coast
Accepted Deal$1.5 million for 30% equity in west coast and 15% equity in east coast
SharksLoir Greiner and Matt Higgins
Business statusIn Business
Episode No.Season 10, Episode 3
WebsiteBeyond Sushi

Index:

Who are the founders of Beyond Sushi?

Guy Vaknin is the founder of Beyond Sushi. The guy is a computer engineer by profession and he had also served in the military for a few years. Guy had an interest in cooking since his childhood, Guy cooked learning from his grandmother. Tali his wife had completed her education at the Institute of Merchandising.

Due to some misunderstanding, Guy’s parents broke up. Later, Guy joined his father and they started a catering business. Finally, in 2012 Guy came up with the idea of serving vegan sushi and Tali supported her man through this. They open their restaurant in New York and rest the history.

Did Beyond Sushi get a deal on the Shark Tank Show?

Guy Vaknin entered the shark tank seeking an investment of $1.5 million for an exchange of 25% equity on the west coast along with 5% equity on the east coast. Guy Vaknin demonstrated his whole business concept in front of the sharks. During the pitch, Guy shared that they prepared completely vegan sushi. Sharks took a bite of it and seem very impressed by the taste of Beyond sushi.

Kevin O’Leary jumped in and shared his opinion that he’s out due to the demand for high valuation. Mark Cuban shared that he is trying to manage both the east and west coast which may affect the growth of the business and therefore he is out of the business. Matt Higgins shared he won’t be the right fit for his business and went out.

Guy gave a revised offer to the shark of $1.5 million for 35% equity. Matt and Lori teamed up and gave an offer of $1.5 million for an exchange of 45% equity in exchange. Guy gave a counteroffer of $1.5 million for an exchange of 32% equity in exchange. Matt and Lori rejected the counteroffer. Guy took a moment and then said yes to the deal.

See also  Spergo Shark Tank Update

What happened to Beyond Sushi after the Shark Tank Show?

Before the show, they were already spreading in other cities by knowing the taste of the areas. After the show, Once the show aired, they gain popularity so immediately that they did a high number of sales within a few months. There are many vegetarians who wanted to have sushi but were not able to. Beyond Sushi serve through both online and offline stores.

After the show, it came out that they had more negotiations and the deal was never closed between the sharks and Guy Vaknin. Guy shared that he had a very learning experience on the show. Having a word with sharks is itself a great pleasure for him. Guy’s polite gesture won the heart of the audience. Unfortunately, in 2020, the pandemic struck and Beyond Sushi restaurant sales got affected like other food restaurants.
During the pitch, they came up with a valuation of $6 million, which was updated by the sharks to $4,687,500. During the pandemic, it became very difficult for Guy to even pay the rent of the land. He had a word with his landlord and succeeded in negotiating. As of June 2021, he came back and reopened his business and is now trying different strategies to survive in the market.

Beyond Sushi have various items; Dumplings, Soups, Beyond Sushi Classic, Sushi Pieces, Special rolls, Maki Rolls, Bowls, shared plated, Drinks, Dessert, and Lunch Special Menu to enjoy various delicacy at one time. All the above-mentioned items have many other flavors option and their cost range between $8 to $19. Beyond Sushi have its own outlets in the market along with its official website.

Competitors of Beyond Sushi are:

There are a few alternatives to Beyond Sushi in the market. Beyond Sushi is unique plant-based sushi which makes it different from other market products. There are no identical competitors available in the market.

What is the net worth of Beyond Sushi?

The estimated net worth of Beyond Sushi is $17 million. They came on the show with a valuation of $ 6 million, which was later improvised to $4,687,500 by sharks. Sharks justified their valuation by pointing out the risk involved in the business.

Is Beyond Sushi still in business?

As of 2022, they are trying to survive in the market. Beyond Sushi is gradually getting back on its track. Beyond Sushi is planning to introduce a few more items to retain its potential customers. Despite the pandemic, Guy did not close his business. The guy is a true entrepreneur, as he knows how to find a way through challenges. Bizz Bucket wishes more strength to Guy and Beyond Sushi. Further updates will be done if identified.

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FAQs:

What is Beyond Sushi?

Beyond Sushi is a vegan plant-based sushi that is prepared by using fresh vegetables, fruits, herbs, spices, and whole grains to serve healthy and delicious wraps, dumplings, and rolls. Beyond Sushi is following the vision of Eating clean and saving the environment. Beyond Sushi is a kosher and vegan restaurant chain that encourages plant–based movement.

What's the net worth of Beyond Sushi?

The estimated net worth of Beyond Sushi is $17 million. They came on the show with a valuation of $ 6 million, which was later improvised to $4,687,500 by sharks. Sharks justified their valuation by pointing out the risk involved in the business.

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