Echo Valley Meats is an old-school butcher shop started in Bartonville. Echo Valley Meats has evolved from a family-owned, generational shop. Echo Valley Meats shop has expanded to three locations. The shop has started offering pre-made meals, catering services, and mail-order products.
Echo Valley Meats shop aims at offering high-quality meat to the customer and provides a meat processing facility as well.
Echo Valley Meats at a Glance:-
| Idea | Variations of eatables in Meat line along with Sauce. |
| Founders | Dave Alwan |
| Asked For | $150,000 For 15% equity |
| Accepted Deal | $150,000 For 25% equity |
| Sharks | Mark Cuban |
| Business status | In Business |
| Episode No. | Season 4, Episode 21 |
| Website | Echo Valley Meats |
Index:
Who are the founders of Echo Valley Meats?
Dave Alwan is the founder of Echo Valley Meats shop. He is the third generation owner of a very old, family-owned shop, Alwan and Sons Meat Company. He wanted to open more traditional butcher shops and that is why he sold his shares of Alwan and Sons Meat Company in 1998 and opened Echo Valley Meats shop.
He wants to provide high-quality meat for his customers and also increase his online sales. He had already appeared on Shark Tank but did not get a deal and re-appeared on the show with some good changes in his pitch.
Did Echo Valley Meats get a deal on the Shark Tank?
Dave enters the shark tank show pitching for an investment of $150k in exchange for a 15% equity in his business. After the demonstration, he said he was here to make a deal. Dave’s son wheels a cart of samples in front of the sharks. All the sharks were very impressed by the product and said they would surely order it again.
Dave shared that he made $1.4 million in sales in the mail order business. Dave is offering equity in the same. Dave needed this investment to buy meats when they were low in price. Lori Greiner appreciated Dave and his story but shared that she is not a great meat eater and went out. Kevin O’Leary gave an offer of $150k in exchange for 20% equity with the condition that he had to sell Wicked goods cupcakes on his website.
Robert Herjavec offers double $300k for an exchange rate of 35%equity. Kevin O’Leary countered Robert with $150k for 17.5% equity in return. Mark Cuban jumped into them and gave an offer of $150k for 25% equity in the mail order business with an option to buy into the retail business and wanted to know his answer immediately. Dale took the Cuban offer and made a deal.
What happened to Echo Valley Meats after Shark Tank?
After the Shark Tank show, the deal made with Mark on the show was a lucky charm of bonding. Once the show aired, Echo Valley Meats had $1 million in sales in just six days. After the show, Founder Dave Alwan was invited by various platforms for interviews and to market his products. Dave shared his success story in an interview.
Dave shared that Echo Valley Meats is the third business to be invited to the shark tank again in episode 612. Echo Valley Meats’ website was visited by 1.6 million people after their show’s appearance. Echo Valley Meats proved itself to be extraordinary as it came back in season 4 and was invited back to the shark tank in season 5.
During the pitch, the valuation holding on the show was $1,000,000. The valuation asked on the show was not accepted by any sharks, but Mark kept his view and offered a valuation of $600,000 which was accepted by Dave.
After a few years, In 2020, Dave made a few additions to his product line. He launched his cheese line and Yeti products along with the delivery of meat in their cooler box. Echo Valley Meats have variations in meat line which cost the most. Bone in half spiral ham costs $69.95, Beef Rib eye costs $89.95, Ranchers Choice costs $199.95, a pack of original sauce costs $29.95, and cheese garlic spread is sold for $59.95.Dave made his business and efforts grow greater over the years.
Competitors of Eco Valley Meats:-
- Lantana
- Clemens Food Group
- NH Foods
- Zandbergen
- Bell and Evans
What is the net worth of Echo Valley Meats?
The valuation on the pitch was $1,000,000, which was improved by Mark Cuban’s offer and lowered to $600,000. Lowering the valuation on the pitch was a pull-back moment for Dave, as, after a week, only the valuation started to rise in favor of Dave. The estimated annual revenue of Echo Valley Meats is around $5 million.
Is Echo Valley Meats still in the Shark Tank?
Echo Valley Meats is still in operation and doing great. Echo Valley Meats did make a few additions, like launching their cheese and selling Yeti Products. Echo Valley Meats focuses on customer satisfaction, which in return regains them, profitable customers. As of July 2021, they are doing great in their business segment.
Echo Valley Meats Social Links:
Do Share Your Thoughts:
Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.
Also, don’t forget to download our Android app which contains startup and business book learnings, verified business knowledge and concepts, and no bullshit!!
Related Articles:
- Who are the Sharks and Guest Sharks?
- Palmini: What Happened After Shark Tank?
- Chirps: What Happened After Shark Tank?
- Boobie Bar: What Happened After Shark Tank?
- Bag Bowl: What Happened After Shark Tank?
- Pavlok: What Happened After Shark Tank?
- Roominate: What Happened after Shark Tank?
FAQs:
What is Echo Valley Meats?
Echo Valley Meats is an old-school butcher shop started in Bartonville. Echo Valley Meats has evolved from a family-owned, generational shop. Echo Valley Meats shop has expanded to three locations. The shop has started offering pre-made meals, catering services, and mail-order products.
Who founded Echo Valley Meats?
Dave Alwan is the founder of Echo Valley Meats shop. He is the third generation owner of a very old, family-owned shop, Alwan and Sons Meat Company. He wanted to open more traditional butcher shops and that is why he sold his shares of Alwan and Sons Meat Company in 1998 and opened Echo Valley Meats shop.