Mee-Ma’s Louisiana Gumbo brick Shark Tank Update

The traditional and world-famous dish Gumbo which originates from Louisiana USA has got a twist in store for you!! It has become a readymade product that consists of the base sauce that gives the same tantalizing taste every time, just add whatever you love may it be seafood or chicken, and heat the contents of the packet.

The founder is proud to say that Gumbo is a dish only an expert can prepare, and it takes a lot of time to create the dish from scratch. To put the misery out of missing this age-old classic the company Mee Ma’s Louisiana Gumbo brick initiated the product’s launch in frozen form.

Index:

Gumbo brick at a glance:

Business ideaAuthentic Creole Gumbo bricks
FounderCarol Foster
Asked for$200,000 for 20%
Accepted deal$200,000 for 50%
SharksKevin O’Leary and Lori Greiner
Business statusIn business
EpisodeSeason 4 Episode 23
WebsiteGumbo brick
Gumbo brick at a glance.

Founder Story:

Carol Estella Foster, the founder is a former truck driver who used to make the dish for colleagues as she drove on the roads of the USA. She has tasted all the gumbo prepared in restaurants on the road and was not satisfied. The idea came up to her when she found an old family recipe which she started to cook for herself, then the idea of a business venture was born.

The dish started its journey online in 2007, then it was sold in her very own restaurant in the year 2009. Unfortunately, the ceiling collapsed due to heavy rains, which told her to move on.  

Did Gumbo brick get a deal on the Shark tank?

The international soup with a twist came into shark tank seeking $200,000 for 20%. The sales for the business in the past two years is $500,000, selling to customers in Costco. Costco wants the product on its shelves and has secured a contract with Carol but she needs financing to fulfill the order.

Mark is the first one to speak after tasting the gumbo she serves, he says there is no need to scale up the product just yet. He’s out. Daymond agrees with him and goes out. Robert is next to talk about his opinion, He believes the margins of the product are too small and it is not ready, this, makes him go out.

Kevin compliments the product and thinks it is fantastic but is worried about the infrastructure in store. Lori Greiner loves the product and the founder but says the valuation is too high. Foster says that she is a homeless person who has dedicated her life to getting the business off the ground. Kevin responds to the comment with emotion and says he is ready to put half the cost and wants to check whether Lori can come in with him on the other half. She recovers after a shock and responds, yes. The two of them offer $200,000 for 50% of the company. Foster accepts the deal.  

See also  Basic Outfitters Shark Tank Update

What happened to Mee-Ma’s Louisiana Gumbo brick after Shark Tank?

The success of the company was a slow and steady one. Foster to date has made $5 million of lifetime sales and sold the product online on her website and in stores like Costco, Publix, Safeway as a staple, and Albertsons for some time. This company closed its website in 2021 and resumed back with a brand-new website.

Product:

  • This international soup is sold as a readymade roux that acts as the base sauce for the recipe all you need to do is add water and sausages or Seafood for the dish to be ready to serve.
  • This recipe serves 6-8 people.
  • The dish accepts 3-4 pounds of meat or seafood at a time.
  • It started off selling in local markets in Los Angeles.
  • It is also available in stores and online on its website.   

What is the net worth of Gumbo brick?

At the time of Shark Tank’s appearance, they were valued at around $400,000. There is no information as to the valuation of the business. But the sales have exceeded from $5 million to $22.9 million as of today.  

Is Gumbo brick still in business?

Yes, Gumbo has become a national favorite and more of a staple option in its retail stores. The company is still in business and has done $22.9 million in sales. It is available online. 

The company is moving strongly in sales so far, hope it continues and goes a long way. The traditional soup has got recognition in its own country, let’s see whether the taste satisfies hungry tummies worldwide.

Mee-Ma’s Louisiana Gumbo brick:

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:

FAQs:

What is Mee-Ma’s Louisiana Gumbo brick?

The traditional and world-famous dish Gumbo which originates from Louisiana USA has got a twist in store for you!! It has become a readymade product that consists of the base sauce that gives the same tantalizing taste every time, just add whatever you love may it be seafood or chicken, and heat the contents of the packet.

Who founded Mee-Ma’s Louisiana Gumbo brick?

Carol Estella Foster, the founder is a former truck driver who used to make the dish for colleagues as she drove on the roads of the USA. She has tasted all the gumbo prepared in restaurants on the road and was not satisfied.

Leave a Comment

You cannot copy content of this page

Scroll to Top