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Slice of Sauce: Shark Tank Update

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Slice of Sauce- what is it? Slice of Sauce is famous for its ketchup and Sauce Slices. Slice of Sauce transforms traditional condiments into sandwiches, burgers, and wraps slices. With the help of these ingredients, these slices add the best flavors to ensure to give a consistent taste in every bite of it.

The slice of Sauce is shelf-stable and doesn’t require any refrigeration.  With the help of this, it managed to secure and maintain business relationships with a few major brands. Also, to increase the business and its growth, Slice of Sauce appeared on Shark  Tank America for an investment.

Index:

Slice of sauce at a Glance:-

IdeaDehydrated condiments packaged into convenient slices
FoundersCole Williams and Emily Williams
Asked For$200,000 for 10% equity
Accepted Deal$200,000 as debt which converts to 20% equity when 1.8 million in sales is reached
SharksAlex Rodriguez
Business statusIn Business
Episode No.Season 12, Episode 10
Website https://www.sliceofsauce.com/

Who is the founder of Slice of Sauce?

Slice of Sauce was founded by a Texas-based couple, Emily and Cole Williams. The Father of Emily stumbled upon the idea when she was making a barbeque sauce and instead of throwing its waste, Emily mixed and grounded them which resulted in form of slices of veggies and spices.

This is how the idea of creating it into a business came to their minds and their hard work and commitment made a simple ingredient to deliver the best flavors and ended up with a Slice of Sauce.

Did Slice of Sauce get a deal on Shark Tank?

Cole and Emily enter Shark Tank, looking for an investment of $200,000 for 10 % equity of the company. After the demonstration of the products, all the sharks were impressed with the taste of it but not with the price tag. Sharks felt that consumers wouldn’t give such a high price for it, also the company is at the pre-revenue stage, and other investors.

Duo shared that if they got the co-packed, they would be able to cut out the cost. All the sharks were not so much happy but Alex liked the product as it didn’t require refrigeration and gave an offer of $200,000 on a convertible note that when sales touch $1.8 million, they would give him 15% equity of the company. Emily and Cole didn’t take any chance with such a great offer and spontaneously accepted the deal.

See also  Numilk Shark Tank Update

What happened to Slice of Sauce after the shark tank?

After the show, it originally aired in 2021 and the exposure of the company was far better than the couple even thought of. Slice of Sauce is available only for pre-order on their own exclusive website. After the show, the deal made on the show was never closed with Alex Rodriguez and as of 2022, orders through their website can’t be placed. Also, there are no updates made since March 2021. It seems like it is not in business anymore.

Slice of Sauce used to make different flavors from the veggies. Slice of Sauce comes in two flavors:- Spicy Sriracha and Classic Ketchup. Slice of Sauce is made from no – GMO Spices and gluten-free with no artificial colors. Slices make it a bit easier to get the ketchup, especially during a camping and trekking trip.

Each pouch cost around $5.99 per unit. As of 2021, no updates and no order facility, the company is closed.

Competitors of Slice of Sauce:-

  • Farm drop
  • Sauce drop
  • Fuegodrop

What is the net worth of Slice of Sauce?

At the time of Shark Tank’s appearance, Slice of Sauce used to have a net worth of $2 million as per the founders but unfortunately, today the company is no longer in the market.

Is Slice of Sauce still in Business?

As of 2022, Slice of Sauce is not in business as the company’s website is not accepting orders and no updates have been made on their social platforms.

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What is Slice of Sauce?

Slice of Sauce is famous for its ketchup and Sauce Slices. Slice of Sauce transforms traditional condiments into sandwiches, burgers, and wraps slices. With the help of these ingredients, these slices add the best flavors to ensure to give a consistent taste in every bite of it.

Who founded Slice of Sauce?

Slice of Sauce was founded by a Texas-based couple, Emily and Cole Williams. The Father of Emily stumbled upon the idea when she was making a barbeque sauce and instead of throwing its waste, Emily mixed and grounded them which resulted in form of slices of veggies and spices.

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