These The Pizza Cupcakes Are Like A Pizza Snack But It’s Delicious To Eat Pizza Cupcakes Featured In Shark Tank Season 12 Episode 13. Pizza is a Famous Diecies, it is liked by everyone, so people are also liking this pizza cupcake. In this post, we will give you information about The Pizza Cupcake Shark Tank Update, Net Worth, Founder & Deals.
The Pizza Cupcakes is a small startup from New York which has become a favorite of people in a very short time. This startup was started in New York, but after its addition to Shark Tank, its popularity has become very high.
What is The Pizza Cupcake?
This pizza cupcake is a traditional pizza cake that tastes great. This cupcake pizza is flavored with Flaky, savory, fresh mozzarella and San Marzano tomato. It dissolves easily in the mouth after eating. The founder says that the taste of this cupcake pizza is like Italian pizza. The size and shape of this cupcake are very attractive and make this pizza party better for a kid’s party.
The Pizza Cupcake Shark Tank Update
|Company Name||The Pizza Cupcake|
|Founder||Andrea Meggiato And Michelle Jimenez|
|Business||Cupcake-Shaped Pizza Snack|
|Asked For||$125,000 For 5% Equity|
|Final Deal||$125,000 For 12.5% + 2.5% In Advisory Shares|
|Episode (Shark Tank USA)||Season 12 Episode 13|
|Business Status||In Business|
|Air Date||February 12, 2021|
|Net Worth||$1.8 Million *estimated|
Who Are The Pizza Cupcake Founders?
Pizza Cupcakes is a New York-based food startup, the founders of this startup are Andrea Meggiato and Michelle Jimenez, both husband & wife. Andrea works as Chief Operating Officer at FARAONE MENNELLA by RFMAS. Andrea and his wife started The Pizza Cupcake Company in 2018.
Michelle Jimenez is a marketing expert who has helped the pizza cupcake business grow a lot. Seeing the growth of his startup, she left the job.
Success Story Of The Pizza Cupcake Founders
Andrea and Michelle, both of these were husband and wife job profile persons, they used to do 8 horse jobs earlier. Time was not available in the job, there was a load of work. Andrea loves cooking, he was not happy with his job, he had to do his own business.
He used to do cooking in his house, once he made new dishes, which he got his family member tested. The dish that he made was named Tah Pizza Cupcakes, he made many different variations of it and fed it to his friends and family.
He liked this dish very much, so Andrea started working to turn it into a startup, in which his wife Michelle also helped. When he set up his first shop, people started coming to him, but due to this pandemic, his pizza cupcake business had a negative effect.
But after their shop shut down in March 2020, online delivery had increased a lot. Since October 2021, The Pizza Cupcakes have been available in many East Coast retailer shops.
Did Pizza Cupcakes Get a Deal on Shark Tank?
The founder of Pizza Cupcakes pitched his product Shark quite nicely in Shark Tank. The founder’s demand was $125,000 for 5% equity. Due to this pitch, the valuation of this company was $ 2.5 million.
Andrea started working at the age of 16 in the kitchen as a chef. After that, he came to London, and he learned English here.
He worked in a fine Italian restaurant in London, which is owned by the largest private members club in the world, Soho House.
Due to working in it, he got an opportunity that he could come to New York. In 2006, one of its members’ clubs was opened, in which he worked for 10 years. Because of this work, Andrea met Michelle.
Michelle Jimenez is an Events Product and she worked with Social Media influencers.
Right now it sells its cupcakes directly in consumer mode. Earlier their three distribution channels were Catering, Smorgasburg which is the most popular market in New York City, and Stadium.
His first partnership was with Citi Field in New York. Apart from this, they also produce commercial kitchens. Apart from this, he also has a co-packer who works for the last few years.
In 2021, he used to project that he would do $800,000 in annual sales. It did sales in 2020 for $344,000 which is a pretty decent revenue.
By February 2021, he has made $77,000. Michelle has a plan to grow this business, when Covid 19 came, the restaurant business was completely down.
According to Michelle, she is working on an e-commerce business model through which she can provide frozen products direct-to-customer.
One box contains 12 cupcakes, its price is $24.99. It was mentioned in Shark Tank but as of July 2022, its price has increased to $25.99.
They charge shipping charges along with the sales price of $9.99. Andrea told on the Shark Tank show that it takes 95 cents to make one cupcake. It is expansive as it is made in his own hands in the commercial kitchen.
Looking at this business, Kevin O’Leary said that shipping is a huge challenge for a frozen product. He cannot invest in it at the present time.
Daymond John said that if he is not the best partner for this business then he is out of it. Robert Herjavec also declined to invest in this cupcake business.
Lori Greiner says that she liked it very much and its test is also very good. So Lori made her offer for this business for $125,000 for 20% equity.
To give this offer, Lori also said that in this business she will grow very well like a rocket.
Mark Cuban said in this that the frozen product is very difficult, it is very difficult to deliver at a reasonable price. Because of this Mark is out of this deal.
Michelle said that Lori’s 20% is too much for us as she has already come to this stage after facing a lot of challenges.
Explaining this, Michelle made her counter offer of $125K for 10% of the equity. Lori’s said that 15% is my last offer, but it may not work. This 15% counter offer by Lori was countered by Michelle of 12.5% equity.
When Lori declined this 12.5% counter offer, Michelle made another counter offer of $125,000 for 12.5% and 2.5% advisory shares.
Finally, Lori signed a deal with The Pizza Cupcakes for $125,000 for 12.5% and 2.5% advisory shares.
What Happened To Pizza Cupcakes After Shark Tank?
Lori’s Invested in Pizza Cupcakes and Lori has mentioned it on her website. There was a lot of conversation during this deal in Shark Tank.
When this episode aired, its sales also started increasing very fast. But in the meantime, Covid19 Pandemic came.
Due to this pandemic, the supply of orders has stopped completely, this was updated by Michelle & Andrea on the Pizza Cupcakes website.
When the pandemic started to end completely then it started running smoothly.
In October 2021, he launched 100 Wegman’s stores on the East Coast, due to which his annual revenue went up to $5 million.
Information about this business success was given in Shark Tank Season 13 Episode 15. When the pandemic came, its revenue reached zero dollars.
By the time this episode of Shark Tank aired, it had sales of $300,000 in the same period. Just 10 months after that, this business has done sales of $ 3.1 million.
It made its annual revenue of $5 million in July 2022.
What is the Pizza Cupcake Net Worth?
Pizza Cupcakes is one of the best food businesses that people in many places in the United States swear by in their daily life. Due to the pandemic, this pizza cupcake was getting a lot of sales online, its net worth has now reached $1.8 Million. The average price of one box of this cake is $25.99 and the price of 2 boxes is $49.99.
Is Pizza Cupcake Still In Business?
Yes, it is actively working on Pizza Cupcakes even in July 2022. At present, he is taking orders and filling them too.
It has designed its website very well to build its brand which is looking like a better site right now.
With the help of Lori, Andrea & Michelle have increased the social media presence of their company.
It has 30.1k followers on its Instagram account in July 2022 and this account has also got the verification mark.
Right now one cupcake is available in most places on the East Coast.
Content Photo Credit: Amazon.com & thepizzacupcake.com