Go Oats Net Worth [2023 Updated]: Has the Founders Been Able to Convince the Shark Tanks?
Go Oats Oatmeal, a brand of frozen oatmeal that was on Shark Tank Season 12 and is full of nutrition, is made from oats. People often say things like, “I eat oatmeal for breakfast, etc.” And this thing was made to be tasty and take less time. This article will let you know the net worth of the company.
GoOats’s Net Worth
There has not been any update on the current net worth of GoOats in 2023. In 2022, it was $800,000 and was still going up so it would be around $1-2 million, currently based on their sales. During COVID-19, their sales were going down quite a bit, but with their new strategic plan, they are working to boost product sales. It is now sold in more than 20 Hainan’s and more than 60 Whole Foods stores in 7 states in the US.
What’s Go Oats All About?
Go Oats is a brand of frozen oatmeal that focuses on making healthy oatmeal food that is ready to eat. This company began in Alexandria, Virginia, in the United States. It is now in many cities and supermarkets across the country. Oatmeal is a food that can be eaten for breakfast, lunch, or any other meal.
It has a lot of healthy nutrients that help keep the body healthy. This business is all about making oatmeal. So, it goes through three steps to make Oatmeal in a Ball. First, he chooses high-quality steel-cut oats and makes this product by mixing them with fresh dairy milk and natural flavors. Then, this product is ready to be sent to your house. Nahum Jeannot started Go Oats. He is from Alexandria, Virginia, in the United States.
Along with the business’s founder, there is also a chef. The Restaurant School at Walnut Hill College gave him a Bachelor of Arts in Culinary Arts and Related Services/Hospitality Management. When he was done with school, he worked for three years at Goodwinhouse Baileys Crossroads. He used to be the Hyatt Regency Tysons Corner Center’s banquet chef. He quit all of his jobs to start this brand.
Go Oats before the Shark Tank
Go Oats was already selling its product before Shark Tank came along. It can be bought both online and in stores. People like this product a lot, and you can buy it in big grocery stores. More than 100 stores in the United States sell their products. You can buy this brand’s products at Dawsons Market, Gelson’s, Meijer, Vons, Whole Foods Market, and many other places.
Did Shark Tank make a deal with Go Oats?
After going on Shark Tank, Nahum Jeannot, the founder of Go Oats, gave a perfect pitch. He also told Shark what this product could do and how much it would be worth in the future. The company’s founder asked Shark for a $150,000 investment in exchange for 10% of the company’s equity. After much talking about it, Barbara Corcoran finally decided to put money into this business. Shark put $150,000 into this new business and got 20% of the company in return.
The global pandemic affected a lot of people’s jobs, including GoOats founder chef Nahum Jeannot. But when he was fired from his full-time job as a chef, he turned that bad thing into something good.