Fat Shack
Deallat night food franchise
Fat Shack is a lat night food franchise that got its big break on Shark Tank in Season 10, and convinced Mark Cuban to invest.
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From the show
The Shark Tank pitch
- $250K
- Asked for
- 7.5%
- Offered equity
- $3.3M
- Sought valuation
- $250K
- Deal amount
- 15%
- Deal equity
- $1.7M
- Deal valuation
The team stepped onto the carpet in Season 10, Episode 23 in the episode that aired May 12, 2019. Fat Shack, the lat night food franchise, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
The ask was $250,000 for 7.5% of the company, an implied valuation of $3.3M.
Mark Cuban made the deal at $250,000 for 15% equity. That priced the company at $1.7M, a haircut from the $3.3M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 10 saw 92 pitches, and 63 of them closed a deal on air. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Fat Shack?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Fat Shack get a deal on Shark Tank?
Yes. Fat Shack closed a deal for $250,000 in exchange for 15% equity, with Mark Cuban.
Which shark invested in Fat Shack?
Mark Cuban invested in Fat Shack ($250,000 total as aired).
What season of Shark Tank was Fat Shack on?
Fat Shack appeared in Season 10, Episode 23, which aired May 12, 2019.
How much was Fat Shack asking for on Shark Tank?
The founders asked for $250,000 for 7.5% of the company, a $3.3M valuation.
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