Pork Barrel Barbecue is a national award-winning barbecue company based in Alexandria, Virginia. Known for their spicy and flavorful sauce, the company initially sold its products to various small butcher stores.
Company Name | Pork Barrel BBQ | |
Founder | Brett Thompson and Heath Hall | |
Founded | 2008 | |
Product | Barbecue Sauce | |
Asked For | $50k for 10% equity | |
Final Deal | $50k for 50% equity | |
Shark | Barbara Corcoran | |
Episode (Shark Tank USA) | S1 E6 | |
Air Date | Sep 13th, 2009 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Alexandria, Virginia, USA | |
Lifetime Worth (Sales) | $33.7M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Pork Barrel BBQ?
The CEO of Pork Barrel BBQ Company is Brett Thompson, while Heath Hall serves as the President. Both founded the company in 2008.
By profession, Heath Hall is the Vice President of Government Affairs at Heartland Dental, and Thompson is currently investing in multiple companies.
How Was The Shark Tank Pitch of Pork Barrel BBQ?
After entering Shark Tank, Thompson and Hall asked the sharks for $50,000 in exchange for 10% equity in their company.
Robert Herjavec expressed concerns about distribution challenges and decided to withdraw from the deal, while Daymond John noted that the barbecue market is very crowded and also opted out.
Kevin O’Leary informed the co-founders that he would not invest if they were not fully committed to the business.
Barbara Corcoran offered $50,000 for 50% equity, but Thompson countered with a request for 40% equity. Barbara declined the counteroffer, and ultimately, the co-founders accepted her initial offer.
Sharks Offers list!
Sharks | Offers |
---|---|
Barbara Corcoran | $50k for 50% equity |
Kevin O’Leary | No Offer |
Robert Herjavec | No Offer |
Daymond John | No Offer |
Kevin Harrington | No Offer |
Founder’s (Countered) | $50k for 40% equity |
Final Deals | $50k for 50% equity |
Pork Barrel BBQ Shark Tank Update
Pork Barrel BBQ successfully secured a deal on Shark Tank, with Shark Barbara Corcoran investing $50,000 for 50% ownership in the business. From 2008 to 2015, their total sales reached $10 million.
By 2020, their products were available in 10,000 retail stores, and in 2021, the annual revenue was estimated at $4 million. The company has launched various new products, including the Pork Barrel BBQ Grill Tool Set, Grill Brush, Grill Gloves, and Bacon Jerky.
However, the annual revenue declined to an estimated $2.9 million in 2022 and is projected to reach $1.8 million in 2023. Currently, the company’s growth has slowed significantly, and the founder is unable to dedicate much focus to the business.
Nevertheless, their products continue to be sold online through Amazon and the company’s website. We are monitoring this business for further updates.
What Is Pork Barrel BBQ’s Net Worth?
Pork Barrel BBQ’s net worth is estimated at $7 million. In 2020, the market size of barbecue sauce was valued at USD 2.1 billion, and by 2022, the global market size had grown to USD 13.86 billion. The industry is highly competitive, with many large brands capturing significant market share.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2023 | $1.8M *estimated |
2022 | $2.9M *estimated |
2021 | $4M *estimated |
2015-20 | $15M *estimated |
2008-15 | $10M *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2009 | $50k | Barbara Corcoran |
Yes, Pork Barrel BBQ is still in business as of February 2024.