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Nuts N More Shark Tank Update

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Nuts n More are low sugar, healthy alternative to the basic peanut butter. Nuts n More contains only 1 gram of sugar and 11 grams of protein, which is twice the amount of protein compared to ordinary, store-bought protein.

Nuts n More offers a variety of flavors, such as White Chocolate, Almond Butter, Cinnamon Raisin, Blueberry, Chocolate Almond, Classic Peanut Butter, Chocolate Peanut, Toffee Crunch, and Sesame Cranbutter. The amount of calories in Nuts n More is quite low and the amount of protein, flax, and omega-3 fatty acids are much more.

Nuts and more at a Glance:-

IdeaButter spread and snacks
FoundersPeter Ferreira, Neil Cameron, and Dennis Ianotti
Asked For$250,000 For 20%
Accepted Deal$250,000 For 35%
SharksRobert Herjavec and Mark Cuban
Business statusIn Business
Episode No.Season 4, Episode 18
WebsiteNuts N More
Buy on AmazonBuy Now!

Index:

Who are the founders of Nuts N More?

Dennis Iannotti, Neil Cameron, and Peter Ferreira are the founders of Nuts n More. All of them are from Rhode Island. Peter is the CEO of Nuts n More and his family owned a bakery in Providence, Rhode Island. When he shifted to a healthy regime, he had to leave behind all the sweets and pastries that he grew up eating. He did not want anyone like him to feel left out, so he tried out different recipes with peanut butter that were filled with protein.

His friends and family loved this healthy snack and after collaborating with Dennis and Neil, who is also from Rhode Island, he launched Nuts n More. They started manufacturing the product in Peter’s bakery and it instantly blew up, even among celebrities. Within a year, they signed several distribution contracts but the problem was the lack of funds to complete the pre-orders. Hence, they decided to appear on Shark Tank.

Did Nuts N More get a deal on Shark Tank?

Nuts N More founders, Peter, Neil, and Dennis came to the show seeking an investment of $250,000 for 20% equity in exchange. They shared that they had $100,000 in sales before coming to the show and they needed investment to fulfill the order they got from a big distributor. Sharks asked about the production cost and process.

Founders replied that they’re working on reducing production costs to improve the profit margin.  Daymond John was the first shark to share his view, he said the valuation asked was too high and inappropriate and went out. Barbara Corcoran appreciated their packaging but it went out due to high valuation. Mr. Wonderful gave a hilarious offer of $250,000 for 264% equity in the business and went out. Robert Herjavec was thinking differently from other sharks and gave an offer of $250k for a 50% equity in exchange. Mark Cuban said,” wait, I’m still here” and gave an offer of $250,000 in exchange for 35% equity.

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Mark said $75,000 would be upfront and other others would be transferred for future purchase orders. Mark asked Robert to join him and also explained to him to do it at 35% equity as asking for 50% equity could cause a dispute between the trio. The trio came back with a counteroffer of $250,000 for 30% equity. Mark refused the counter and Robert joined him. Mark and Robert gave a combined offer of $250k for 35% equity in exchange. The trio made a deal with Mark and Robert Herjavec.

What happened to Nuts N More after the Shark Tank Show?

After the show, Nuts N More changed their whole lives. Once the show aired, it was huge popularity, and traffic was pulled towards Nuts and more. After the show, they came back in season 6 too. Trio shared that they are doing great in sales and are spread over 4000 stores.

Before they had sales of $100,000 and in just two years after the show, they’d reached $ 6 million. After that, they met Mark Cuban at GNC HQ with the belief that if they grabbed a deal with GNC, they could reach up to $20 million in a few years.

During the pitch, they had a valuation of $1,250,000 and by the end, it was valued at $714,285.714. After the show, Nuts and more didn’t look back. In 2108, they reached lifetime sales of $30 million. They also acquired their positions in Whole Foods and Vitamin Shoppes.

Nuts N More have various flavors of peanut spread, like Birthday cake, White Chocolate, Cookies, and Cream, Chocolate Chip, Salted Caramel, Chocolate Mapel White Honey, etc. The price ranges lie between $12.29 and $13.39 as per their website. They have a Nut Club. You can join it and enjoy 20% off on every order. Go Grab the deal on https://nuts-n-more.com.

Competitors of Nuts N More are:-

  • Good Natured Foods Inc.
  • Silk Road Wholesaler
  • Abed Khosh
  • Jack Tuchten

What is the net worth of Nuts N More?

The valuation during the pitch was $1,250,000, which was later valued at $714,285.714. The estimated net worth of Nuts N More is $6 million.

Are Nuts N More still in business?

Nuts N More is still in business. Nuts and More have various flavors which boost its sales and tackle huge competition in the market. Nuts and More are doing great and also touched $30 million in sales in 2018. As of 2022, they are operating in more than 4000 stores. Bizz bucket wishes them great success ahead.

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FAQs:

What is Nuts N More?

Nuts n More are low sugar, healthy alternative to the basic peanut butter. Nuts n More contains only 1 gram of sugar and 11 grams of protein, which is twice the amount of protein compared to ordinary, store-bought protein.

Who founded Nuts N More?

Dennis Iannotti, Neil Cameron, and Peter Ferreira are the founders of Nuts n More. All of them are from Rhode Island. Peter is the CEO of Nuts n More and his family owned a bakery in Providence, Rhode Island. When he shifted to a healthy regime, he had to leave behind all the sweets and pastries that he grew up eating.

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