Project Pollo Shark Tank Update (Season 13)

Project Pollo, a vegan fast-food chain, was launched in 2020 amid the pandemic. The first brick-and-mortar location opened in San Antonio, Texas, offering a variety of vegan dishes such as chicken sandwiches, wraps, burgers, and sides like mac and cheese.

Their menu boasts a range of offerings, including favorites like the Grilled Chicken Caesar Wrap and Crispy Chicken Wings. Additionally, they provide a variety of options across categories like Signatures, Kids Menu, beverages, Burgers, Sides, Bowls & Wraps, Catering, Sweets & Treats, Breakfast, and Sauces.

Positioning itself as a provider of traditional chicken alternatives that are cruelty-free, tasty, and reasonably priced, Project Pollo has experienced rapid growth, fueled by its commitment to these values.

imagecredit: project_pollo
Company NameProject Pollo
FounderLucas Bradbury
ProductVegan Fast Food Chain
Asked For$2.5 Million of 5% Equity
Final DealNo Deals
SharkNo Shark
Episode (Shark Tank USA)S13 E24
Air DateMay 20, 2022
Business StatusIn Business
Lifetime Sales$10 Million *estimated

 Springer Pets Shark Tank Update

Who Is The Founder Of Project Pollo?

Lucas Bradbury is the Founder and CEO of Project Pollo, a vegan food chain aiming to offer Americans affordable access to plant-based alternatives.

After studying economics at Kansas State University, he held executive positions at establishments like Which Wich, Papa John’s, Pizza Hut, Dunkin’ Donuts, and Champs Chicken.

Bradbury’s personal journey to veganism inspired him to launch Project Pollo in September 2020. He also serves as the CO-Founder and President of the Houston Street Hospitality Company since 2017.

Believing in the transformative power of plant-based proteins, Bradbury is optimistic about the future of the food industry.

Did Project Pollo Get a Deal on Shark Tank?

In Shark Tank, Lucas introduced “Project Pollo” as a line of plant-based foods.

He sought $2.5 million for a 5% stake in the company, which would value it at $50 million. The Sharks were surprised by this valuation but were impressed after trying samples of the food. Mr. Wonderful even called it the best fake chicken he’d ever tasted.

Lucas revealed that he already had 12 restaurants across different states, with lifetime sales totaling $10 million. He planned to expand further, aiming to open a new location every month.

Before appearing on Shark Tank, Lucas had raised $1.5 million at a valuation of $17.5 million.

Despite being impressed, Mr. Wonderful felt the valuation was too high and opted out. Mark questioned the healthiness of the food and disagreed with the valuation, also opting out. Barbara, recalling past mistakes, decided not to invest. Lori, uncertain about future growth, also chose not to invest.

Project Pollo Shark Tank Update

The restaurant industry is highly competitive, requiring companies to constantly innovate to stay ahead of their rivals.

To outperform competitors in the food industry, effective marketing and expansion of the restaurant chain are essential, which often requires substantial investment.

However, Lucas, the founder of this food company and also the president of a corporate firm, is well-versed in the industry and possesses strong business acumen.

By August 2022, Project Pollo has expanded its footprint to include over 19 restaurant locations across various cities in the United States.

As part of its growth strategy, the company is actively recruiting additional staff to support its expanding restaurant chain. With these efforts, there are hopes of further expansion across the entire United States in the coming years.

What Is Project Pollo’s Net Worth?

Project Pollo’s estimated net worth is $60 million, based on the company’s lifetime sales and valuation.

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