Cupbop is a Korean barbecue-style street-food brand that appeared in Shark Tank Season 13 Episode 21. This food is super Energetic and tasty.
This brand is an American fast-casual restaurant chain located in the U.S. Mountain States. The founder of this brand, Dok & Jung has demanded $1 million in exchange for his 3% share of his company in Shark Tank.
Cupbop is a successful Korean barbecue food restaurant startup based in America, which is known in the United States for its unique taste.
Cupbop originated in Salt Lake County, Utah, and slowly began to grow from there. Today’s time is available in several places in the United States.
According to the report of Wikipedia, by February 2022, 36 total store locations, and six food trucks have been made by this company at different places.
According to the report of 2020, the valuation of this restaurant chain has been $10 million.
There has been a lot of competition in the restaurant franchise business, and being successful in this industry has not been easier than before.
There are quite a few large restaurant franchise businesses that have just reached billion-dollar valuations. Here are some popular brand names McDonald 1MCD, Chipotle Mexican Grill 2CMG, Yum! Brands 3YUM.
If the restaurant chain is to be successful in business, then first of all it has to improve its business model and food.
What Is Cupbop?
Cupbop is an American fast-casual restaurant chain company based in the U.S. Mountain States. This food brand street food is made up of Korean barbecue, style and it tastes delicious and is Energetic.
In 2013, Junghun Song started this Cupbop after finding Korean cuisine. Cupbop’s first food truck was started in Salt Lake County, Utah, from this place it slowly started growing.
Many make their own delicious foods using super nutrition ingredients. As of April 2022, 36 of Cupbop’s stores are available in the US.
His food trucks are available in Arizona, Colorado, Idaho, Nevada, Oklahoma, and Utah.
Cupbop’s makes different types of food. Rice bowls are the primary food in their food section. It makes different types of bowls like chicken, beef, pork, vegetables, and tofu.
Apart from this food, Cupbop also serves many Korean staple foods such as mandu (a Korean dumpling) and kimchi.
| Company Name | CupBop Inc. |
| Founder | Junghun Song and Dok |
| Founded | 2013 |
| Product | Cupbop American Fast Casual Restaurant Chain |
| Asked For | $1 Million for a 3% Stake |
| Final Deal | $1 Million for a 5% Stake |
| Shark | Mark Cuban |
| Episode (Shark Tank USA) | S13 E21 |
| Air Date | May 2, 2022 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Salt Lake County, Utah, United States |
| Go To Amazon | Buy Now |
Who Is The Founder Of Cupbop?
Junghun Song is the Founder and Chief Executive Officer of Cupbop. Dok Kwon is the Chief Operating Officer of this brand and he manages the Korean BBQ In a Cup.
Together these two have made this brand a million-dollar business today. It is available in every major state of the United States. The real reason for this is the scavenger and marketing skills of the founder.
Cupbop Before Shark Tank
Cupbop was started in 2013, it was first sold by founder Song and his two friends Korean someone 20 years ago.
Slowly it was starting to grow its food business. By 2015, he opened Food Trucks and a brick-and-mortar restaurant near Brigham Young University.
Slowly he started moving forward and kept his presentation on social media, after which this business got branded. Right now there are 24.3k active followers on his Instagram.
Cupbop ran local events and marketing campaigns to promote growth. Due to this work, he opened 21 stores across the United States, and this store generated 25 million US sales.
By February 2022, they lost their 35 total store locations, and six food trucks inside the US in different locations.
The founder had told that for the first time in 2020, he had made annual revenue up to $10 million and it also started increasing gradually.
Did Cupbop Get a Deal on Shark Tank?
Dok & Jung, the founder of Cupbop, gave their presentation very well, Kevin praised his presentation. These two friends Asked for $1 million from the sharks in exchange for a 3% Stake in their company. According to this ask, the valuation of his company is $33.3 million.
What Happened To Cupbop After Shark Tank?
Dok and Jung said that if they get funding from this stage, they will expand their restaurant chain. He will also invest in marketing so that everyone can know about his service.
When this episode of Shark Tank was released, for a few months, the sales of Cupbop showed a lot of increase from its old times.
The goal of the founder was that through this funding, he would take this food to every place in the United States and give people better food.
Mark Cuban had funded $1 million in this business in exchange for a 7% stake in the company and he is focusing more on this company.
Cupbop is focusing on expanding it internationally in 2022 with good strategy and marketing.
After getting funding from Shark Tank, no information has been made about its growth yet. SharktankTalks is following CupBop & Jung Song and Dok Kwon, we’ll update you when we get some info.
In July 2022, he launched his gift card feature, in which he gives different types of gift cards to Friends, Couples, fathers & mothers, etc. In exchange for this gift card, Cupbop offers Free Foods.
This episode of Shark Tank became available at 10 new locations after the original air date. It was the company’s target that by the end of 2022, they would do $25 million in sales.
After Shark Tank, Cupbop has received thousands of email requests from various countries, including Europe, India, Canada, New Zealand, Australia And even Africa, to open their stores.
It has opened its next store in Saratoga Springs, New York on October 2022 and together with this store, 43 stores have been opened in the United States. Around 2300 customers had come at the time of opening of this store.
On November 2022, this company did the grand opening of a new store at Craig Road in North Las Vegas. By December 2022, this company’s total 45+ stores have been opened in the entire United States.
Cupbop Shark Tank Update
After the Shark Tank episode of Cupbop aired, this company got the coffee order for the franchise, catering & food truck. This company’s business with Mark Cuban is going very well till September 30, 2022. Mark is a good partner for this business.
They had a grand opening of a store in Oklahoma City on January 7, 2022, and the offer was made of $5 Cupbop Bowls. A new store was also opened in Mesa, Arizona in the same month.
One of their stores in Rexburg, Idaho had a grand opening on August 9, 2022, with 1,100 people visiting the store. On August 2022, Korean BBQ In a Cup has opened its next store in Lehi City, Utah, United States.
Shark Tank Korean BBQ Company is expanding very fast Nationwide and Internationally. By August 2022, the company has opened 40 stores in the United States and more than 125 stores in Indonesia.
Where Can You Buy Cupbop?
To buy Cupbop food, you can write an order on their website. If you are from Arizona, Colorado, Idaho, Nevada, Oklahoma, and Utah, you will find their food trucks.
They have more than 45+ stores in America which are in different states, there you can take this food at an affordable price.
Cupbop Nutrition Facts
What Is The Cupbop Net Worth?
According to the funding that the founder of Cupbop has sought from Shark Tank, the valuation of Cupbop is going to be $14 million.
We think that Cupbop worth can be around $10 million. If its sales and stores increase, then it will increase its worth. Very fast this “Korean BBQ In a Cup” company is opening its stores in different cities.
Is CupBop Still In Business?
The Cupbop Restaurants franchise has been operating in the United States since 2013 and is slowly expanding across the United States.
At present 100-5000 employees are working in this company and it is running very well. In the coming time, it is the plan of the company to expand its store in different counters.
People’s feedback about their delicious food is coming positive, which is a very good thing for this company. Its headquarter is in Rexburg, Idaho, and from this place, he manages his big business.
Jung & Dok has given employment to many people after growing this company, which is very good for the economy of the country.
His vision is to expand his business to countries outside the US as soon as possible as this restaurant industry is full of competition.
Yes, CupBop is still in business as of November 2022.
FAQs
What Is Cupbop?
Cupbop is an American fast-casual restaurant chain company based in the U.S. Mountain States.
Who Is the founder of Cupbop?
Junghun Song is the Founder and Chief Executive Officer of Cupbop. Dok Kwon is the Chief Operating Officer of this brand and he manages the Korean BBQ In a Cup.
What Is Cupbop Net Worth?
We think that Cupbop worth can be around $10 million. If its sales and stores increase, then it will increase its worth.
