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Project Pollo Shark Tank Update

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Get ready to sink your teeth into the next big thing in plant-based food! Project Pollo, the vegan fast-food chain that’s taking the world by storm, is here to revolutionize the way we eat.

Founded by Lucas Bradbury, this game-changing eatery serves up mouth-watering vegan alternatives to classic fast-food favorites, from crispy fried chicken to juicy burgers, all made with love and cruelty-free ingredients. So whether you’re a vegan, a flexitarian, or just looking to try something new, Project Pollo is the place to be. Come for the food, stay for the mission!

Project Pollo is a restaurant chain that sells vegan food- vegan chicken, vegan burgers, vegan mac n cheese, vegan nachos cookies, and vegan milkshakes that are loved by many. The business went from selling just a food truck to selling in twelve locations around Texas in only two years.

The plant-based concept is the main attraction for customers because only 20% of the customer base is vegan and the majority consists of curious customers. The plant-based food industry is environmentally friendly, unlike the meat industry. All the employees working in Project Pollo get a higher wage paid vacation and health benefits.

Project Pollo at a Glance:-

IdeaVegan food chain restaurant
FoundersLucas Bradbury
Asked For$2.5 million for 5% equity
Accepted DealNo deal
SharksNo sharks
Business statusIn Business
Episode No.Season 13, Episode 24
WebsiteProject Pollo

Index:

Who are the founders of Project Pollo?

Lucas Bradbury is the founder of Project Pollo. He decided to commence a vegan food-oriented business while convincing his family members to switch to vegan as it is healthier. In 2020, during the pandemic, one of his friends asked him to open a food truck so that he could re-open his bar in Texas. Bradbury started it and it took off.

As he was able to expand his business so much in just two years, Bradbury aims at growing to 100 locations by 2024. He thinks that vegan and protein-based foods are in the future. And to achieve his dream faster, he needs a shark’s guidance.

Did Project Pollo get a deal on the Shark Tank?

Lucas Bradbury came on the Shark Tank seeking an investment of $2.5 million for a 5% stake in his business. Lucas shared the idea of starting Project Pollo so that he could make plant-based foods more accessible. The sharks tasted the samples and liked them. Kevin O’Leary mentioned it as one of the finest chickens he had. Lucas shared that to date they had sales of $10 million, which brought a smile to everyone’s face.

When shark asked about the need for investment, he shared the reason that they are on a mission to open one outlet every month. Mr. Wonderful said he was extremely dazzled by Lucas, but he didn’t understand the matter with valuation, and therefore, he went out. Kevin Hart felt that Lucas was planning more than required and went out.

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Barbara Corcoran took a thread from Kevin’s view and compared them with Tom and Chee, who went bankrupt and went out. Lori Greiner didn’t understand the reason behind opening so many outlets all over and turned out. All the sharks went out and no deal was offered.

What happened to Project Pollo after the Shark Tank Show?

Project Pollo did not get any deal at Shark Tank, but that did not stop the brand from expanding. During the pitch, they came up with a valuation of $50,000,000, which was denied by the sharks on the show.

Project Pollo has continued to expand its business and currently has several locations in Texas. The company has also been actively involved in charitable initiatives, including providing free meals to those in need during the COVID-19 pandemic.

 Project Pollo got popular after its appearance on the show. As of August 2022, Project Pollo has 19 restaurants all over Texas and is planning on launching more shortly. The brand, along with its founder Lucas Bradbury, has been featured in various magazines, including QSR Magazine, San Antonio, Dallas, and Nation Restaurant News. Project Pollo will launch more chains in Boulder, Colorado, Las Vegas, Arizona, Nashville, Atlanta, Tampa, and Miami.

After the show, they added 5 more stores. Before the show, they had a total of 12 stores, which was later increased to 17 stores. Lucas shared that they had a vision of expanding their business rapidly on the show, but sharks disagreed with his vision. As of 2022, they have planned a roadshow at universities and are also planning to offer franchises in 2023.

Competitors of Project Pollo are:-

  • Lead411
  • Adapt
  • Cognism
  • Outreach
  • Upload
  • ZoomInfo Sales

What is the net worth of Project Pollo?

The estimated net worth of Project Pollo is more than $5 million. The valuation at the time of the show was about $50 million as per the founders.

Is Project Pollo still in business?

Project Pollo is still in business and is doing great. They have planned a university program for the end of 2022. Project Pollo is planning on offering franchises by 2023.

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FAQs:

What is Project Pollo?

Project Pollo is a restaurant chain that sells vegan food- vegan chicken, vegan burgers, vegan mac n cheese, vegan nachos cookies, and vegan milkshakes that are loved by many. The business went from selling just a food truck to selling in twelve locations around Texas in only two years.

Who founded Project Pollo?

Lucas Bradbury is the founder of Project Pollo. He decided to commence a vegan food-oriented business while convincing his family members to switch to vegan as it is healthier. In 2020, during the pandemic, one of his friends asked him to open a food truck so that he could re-open his bar in Texas. Bradbury started it and it took off.

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