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Go Oats Shark Tank Update

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Go Oats is a delicious choice for anyone who wants to eat something full of flavors as well as healthy. Go Oats are oatmeal balls available in four flavors- blueberry, maple brown sugar, cran-walnut, and cinnamon.

Go Oats have been loved by the people who have tried it, with many positive reviews. Go Oats are available on Amazon, in Heinen’s, and Whole Foods Markets. Go Oats has a newly added flavor of strawberry.

Go Oats at a Glance:-

IdeaOatmeal in a ball
FoundersNahum Jeannot
Asked For$150,000 for 10%
Accepted Deal$150,000 For 20%
SharksBarbara Corcoran
Business statusIn Business
Episode No.Season 12,  Episode 2
WebsiteGo Oats
Buy Now!Buy on Amazon!

Index:

Who was the founder of Go Oats?

Nahum Jeannot was the founder of Go Oats from Alexandria, United States. Nahum is also a chef along with entrepreneur. He had completed his bachelor’s degree in Culinary Arts and related service hospitality management from the restaurant school at Walnut.

Nahum had also worked in Goodwin house Baileys for 3 years. He had also held his past experience in Hayat Regency Tyson corner centre. Nahum left all his work for his own brand Go Oats.

Did Go Oats get a deal on the Shark Tank?

Go Oats founder Nahum Jeannot came on the shark tank looking for an investment of $150,000 for 10% equity in exchange for business. Jeannot explained about his product and what will it be worth of in the near future. Nahum seemed very confident about his product. Nahum served the sharks his product and when they tasted it, they liked the product very much.

Jeannot shared his sales figures that in 2017 they had $13,000 in sales. In 2018 they had 57,000. In 2019 it was between 53,000 to 57,000 due to the pandemic. When they shared about its cost prices and profit ratio Mark said that it was not enough and went out of the pitch. All the sharks had a conversation but none of them felt to put their money in this and went out with best suggestions and appreciation.

Barbara Corcoran was left as she seemed interested in this oats business and gave an offer of $150,000 for 25% equity in exchange. Barbara said that she would help him in the big box store. Nahum said that he wanted to listen to other offers but Barbara said that she would not go with any shark; either she’ll do it alone or not. Nahum gave a counter of $150,000 for 15% equity, Barbara Corcoran also negotiated and asked him to do it at $150,000 for 20%. Nahum accepted the deal and took his check from her with her expertise and guidance.

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What happened to Go Oats after Shark Tank ?

After the show, the deal between Barbara and Nehum was never closed. Go Oats gained a positive response from their appearance on the shark tank. Nehum didn’t feel down. Even then he somehow managed to run the business with his passion and hard work. As of July 2021, they had captured the market in Castco, Whole Foods, Dawsom’s, Sprouts, and Heinan’s.

They have their own website from where they gain a huge % of their new customers and consumers. Go Oats had closed online sales for a small duration and announced to come back after Labour day 2021. They started their online sales after 2021 Labour day and had added a strawberry flavor to the products list.

As per the report of 2021, they have an annual revenue of $1.2 million. As per the report of 2021, they have an annual revenue of $1.2 million. Its cost per pack is $1.35 and they sold it in the market for $2.66 and to the retailers for $4.99.

Competitors of Go Oats:-

  • Kellogg
  • General Mills
  • Post
  • Torto

What is the net worth of Go Oats?

At the time of Shark tank’s appearance, they were valued at around $750,000. The net worth of Go Oats is around $800,000 as of the year 2022.

Is Go Oats is still in business?

Go Oats is still in operations as of 2022, they are adding a new addition to their product list and working more and more to grow high and high.

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FAQs:

What is Go Oats?

Go Oats is a delicious choice for anyone who wants to eat something full of flavors as well as healthy. Go Oats are oatmeal balls available in four flavors- blueberry, maple brown sugar, cran-walnut, and cinnamon.

Who founded Go Oats?

Nahum Jeannot was the founder of Go Oats from Alexandria, United States. Nahum is also a chef along with entrepreneur. He had completed his bachelor’s degree in Culinary Arts and related service hospitality management from the restaurant school at Walnut.

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