Cereal Killerz Shark Tank Update (Season 12)

Cereal Killerz, based in Las Vegas, is a breakfast cereal bar brand that offers cereal bowls, waffles, ice cream, and milkshakes. Founded in June 2018, they specialize in offering over 100 different cereal bowls to cater to various preferences and tastes.

Operating on a franchise-based model, Cereal Killerz provides a diverse range of options to its customers.

How Was The Shark Tank Pitch Of Cereal Killerz?

Jessica Burns pitched her business in Shark Tank, seeking $125,000 in exchange for 10% equity. Both Jessica and her husband presented well and managed the Sharks effectively.

Initially, they had opened their shop in various locations such as malls and streets, but they couldn’t sustain it due to a lack of a solid plan.

Jason planned to invest $25,000 to remodel their store. When asked by Robert Herjavec about their previous expenditures, Jason mentioned it was around $40,000 to $50,000.

In October 2020, they had a store in a Las Vegas mall, incurring a monthly cost of $8,000.

Though the Sharks viewed the business positively, they concluded that it wasn’t yet ready for investment. Therefore, none of the Sharks chose to invest in the business.

Cereal Killerz Shark Tank Update

They decided to close the original mall location but reopened in April 2021 at the Miracle Mile Mall at Planet Hollywood.

In the same year, they expanded by opening two more stores in the Centennial Hills section of Las Vegas and Goodyear, AZ. Additionally, they began offering franchises.

Their current plan involves opening stores in most Las Vegas locations by the end of 2023.

As of November 2021, their annual revenue reached $1 million.

What Is Cereal Killerz’s Net Worth?

Based on the company’s lifetime sales and valuation, Cereal Killerz’s estimated net worth is $1.9 million. Their stores have been opened in many malls in Las Vegas, where items like milkshakes and ice cream are sold in large quantities.