![]() Especially if it's a rich person who wants to give you a million dollars and 10% of every sale moving forward. ![]() Mark tells them that it's off the table and the entrepreneurs decline to be bought out.Ītlas Monroe left the tank without a deal.ĭear readers, if your humble Stats Shark has one piece of advice, it's this. The entrepreneurs, stating that they don't want to be employees and that the sharks clearly think the company is worth even more if they're willing to buy them out, reject the buyout offer and try to get Mark to go back to his original offer. This means that Mark and Rohan would take over the entire company and set up all of the infrastructure necessary for it to grow. Mark and Rohan, however, come together to offer the entrepreneurs a $1,000,000 buyout of Atlas Monroe and an ongoing 10% royalty if the orders are real. The following year, they project to do $2,400,000 in sales every three months! Lori, without saying the words, calls bullshit and drops out. To this, the entrepreneurs state that they project earning $2,400,000 by the end of the year. Guest shark Rohan Oza says that he wishes the entrepreneurs had more of a game plan and that he thinks they require a lot of heavy lifting to get where they want to go and exits the deal. Still, he offers Atlas Monroe $500,000 in credit in return for 30% equity. Mark, stating that he'd begun eating vegetarian recently, takes a flyer but says the offer requires contingencies (though he never states what those might be). Barbara, understandably, finds their numbers confusing, their value "ridiculous" and, likewise, drops out. Wonderful didn't think the sales numbers and the value being assigned to the company lined up and he exited the deal quickly. The sharks push back on this to find out that the company is making a profit on shipping? The entrepreneurs claim that gross profit is $45,000 but with $31,000 in expenses, turning that profit into around $14,000 with some simple back of the envelope math. The entrepreneurs claim that Atlas Monroe has made $60,000 in sales for the year so far but "net" $73,000 after shipping. It gets confusing when it comes to their revenue numbers. And, speaking of not sharing the recipe, they do all of their production out of their own commercial kitchen so as to not have to share the recipe with a co-packer and say that they need the shark's investment in order to expand this facility to keep up with demand. Speaking of a national fried chicken chain, the entrepreneurs say that they are in talks with a major chain to sell their "chicken" but that they have not yet shared the recipe with them. Especially since it only costs Atlas Monroe $2.67 to manufacture those same 6-pieces. So, to get 6-pieces of fried vegan chicken, the average consumer is paying $44, which is the most expensive KFC run of all time. In addition, their average shipping cost is around $21. They sell in 6-piece frozen batches for $23. Getting this chicken is not cheap though. They now operate their own commercial kitchen to produce the product. Soon after, they began selling at local food festivals and claim to have been named Best Fried Chick at the National Fried Chicken Festival. The end result was Atlas Monroe fried chicken. However, not long after, the family found that they were sick of the usual vegan fare and began competing to invent the tastiest new vegan dish. He was switched to a vegan diet and found that he could control the disease through diet and the family joined him to encourage him to keep it up. The entrepreneurs behind Atlas Monroe were inspired to create their fried chicken when one of their father's was diagnosed with Type II Diabetes. But it was good enough that the sharks all seemed genuinely surprised when it was revealed that they were eating re-formed wheat and no chicken had been harmed in the enjoyment of their snack. In fact, the entrepreneurs were always cagey about exactly what their recipe was. ![]() Vegan fried chicken.īased on organic, non-GMO wheat, the chicken is entirely made in-house and is not sourced from any third party. ![]() Pitched by a married couple from San Jose, CA, Atlas Monroe makes a favorite food in a special way: Fried chicken.
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