In season 10, episode 7 Oat Meals arrived on the platform of Shark Tank with an idea of Oat Meals. Oat Meals serves a modern flavor of ingredients that is good for health and they have a variety of flavors in their pocket.
We can have it in our Breakfast, Lunch, and Dinner as they have over 30 sweets, savory, and pastry. It is currently not doing so well with its idea. Lori Greiner is the investor of Oat Meals and offered a deal of $500k for 33.3% equity in their business.
OatMeals at a glance:
| BUSINESS | Oatmeal Serves a modern Oatmeal Experience |
| ENTREPRENEUR | Samantha Stephens |
| ASKED FOR | $500,000 For 20% |
| ACCEPTED OFFER | $500,000 For 33.3% |
| SHARK | Lori Greiner |
| BUSINESS STATUS | OUT OF BUSINESS |
Index:
Who is the founder of OatMeals?
Samantha Stephens is the founder and the head of Oat Meals. After her graduation, she qualified as a pastry chef in 2010 from New York University. Samantha used to live in New York at student’s budget for her education which means she had to adjust her eating lifestyle and she did the same.
Samantha used to have Oats for her Breakfast, Lunch, and Dinner. We know that people usually get bored of the same taste so we change our menu. But Samantha Stephens’ head hits an idea of adding a different flavor to Oat Meals and trying to diversify it.
Samantha completed her education with an aim of opening a restaurant with different flavors of ingredients and healthy living. She opened Oat- Based meal restaurant in mid- 2012 and after six years, she holds $2.5 million in sales with additional money. Samantha thought of expanding her healthy idea and in search of investors, she reached the Shark Tank Show.
How was the OatMeals Shark Tank Pitch?
Entrepreneurs pitch their products with different offers in front of sharks. Founder of Oatmeals, Sam Stephens came into the show in search of investors for an amount of $500k for 15% equity.
Kevin O’Leary and Daymond John refused to be part of her business as it would not stay stable in such a competitive market as per their opinion. Even then, did hit the two sharks, Barbara Corcoran and Lori Greiner. Barbara offered $500k for 50% of her business and Lori $500k for 33.3% equity along with some conditions.
After the final thought, Stephens gave the deal to Lori Greiner for $500k with 33.3% equity in her business.
What happened to OatMeals after Shark Tank?
The restaurant was opened in mid-2012 in New York and six years later, the restaurant generated $2.5 million in revenue, as did the owner’s additional earnings as a spokesperson for Quaker Oats. And so she began looking for investors to help grow the business and brand, producing OatMeals products that could be sold to grocery stores across the country.
Due to Covid-19, Samantha Stephens closed Oat Meals on January 24th, 2021. She still continues to work with Quaker Oats, spreading a variety of Oat Meals around the world. She is also working on a recipe blog and cookbook so she can share her inventive recipes with Oatmeal lovers around the world.
Although they are still selling Granola through the online stores.
What’s the net worth of OatMeals?
Oat Meals makes its revenue from its uniqueness in taste, appearance, and different flavors. Sam Stephens got a deal from Starbucks which is one of the major sources of income for Oat Meals.
She is also working on a recipe blog and cookbook. Oat Meals was a restaurant in New York City that serves a variety of flavors which includes sweets, frozen foods, etc., which in return gives a huge amount of profit to the business.
At the time of the shark tank appearance, OatMeals was valued at around $1.5 million.
Alternative of OatMeals:
Competition helps to improve ourselves. Similarly, in the market, there are many other products competing with Oatmeals, which may cause an effect on its valuation and Revenue. Few competitors of Oat Meals are
- Kellogg’s
- Popchips
- True elements
- Nestle
And many more but unfortunately, Oatmeals is out of the business currently.
Interesting Facts:
- It has a variety of taste
- It is healthy to have as Meal
- Oat Meals is whole grain
- It reduces chances of cancer
- It really reduces Cholesterol
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What is Oat Meals?
Oat Meals serves a modern flavor of ingredients that is good for health and they have a variety of flavors in their pocket.
Who founded Oat Meals?
Samantha Stephens is the founder and the head of Oat Meals.