As per the latest update from Shark Tank, Tia Lupita Foods has a net worth of $17 million. Tia Lupita secured an investment from Kevin O’Leary for 5% equity and has seen a huge growth in sales since then.
Tia Lupita Foods Net Worth
- Net Worth: $17 Million
- Annual Revenues: $13 Million
- Profits: $1 Million
- Lifetime Sales: $25 Million
- Employees: 10
- Founder: Hector Saldivar
- Investor: Kevin O’Leary
- Investment: $500k Line of Credit
What are the company’s Revenues?
When the company appeared on Shark Tank in Season 14, annual revenues were $4 million. During the next 12 months after the episode aired on TV, Tia Lupita Foods made an astronomical sales of $9 Million.
Today, the company is generating $1 million in sales every month. Kevin O’Leary helped the company get into hundreds of Walmart stores.
Kevin O’Leary Loan
Kevin invested $500k in the company in the form of a loan. As on today, $470,000 of that loan amount has already been repaid through profits.
About Tia Lupita
Company’s founder Hector Saldivar has created a line of healthy, Mexican-inspired tortilla chips using clean and sustainable ingredients.
Hector’s company, Tia Lupita Foods, distinguishes itself from other Mexican-inspired brands by utilizing straightforward, wholesome ingredients.
Shark Tank Pitch
Hector mentioned that Tia Lupita Foods gained recognition at both Whole Foods and Sprouts Farmers Market.
The production cost of a bag of tortilla chips is approximately $1.50, and they retail for approximately $3.99 at stores such as Sprouts.
Daymond John and Barbara Corcoran chose to opt out due to their lack of interest. Similarly, Mark Cuban swiftly decided that this wasn’t a suitable investment for him and withdrew from the opportunity.
After some back-and-forth discussions, Kevin O’Leary offered $500,000 as a line of credit in exchange for 5% equity in the company. Hector agrees, and they shake hands.