Shark Tank US has been an incredible show that highlights many wonderful businesses. One such company that caught the audience’s attention is Bang Shack, a gourmet chicken dip company founded by Jason Hadley.
The versatile and flavorful chicken dips of this company became so popular after the show, that everyone is wondering what the Bang Shack Net Worth in 2024 now.
If you are interested in knowing the story of Bang Shack and what happened to the chicken dip company after the Shark Tank, then we have got you covered with everything you need to know.
Bang Shack on Shark Tank
Undoubtedly, the founder of Bang Shack, Jason Hadley is a charismatic personality. The way he pitched his business was worth watching.
Bang Shack appeared on Shark Tank in the Season 10 in 2019. Jason pitched his business of homemade recipes to the Sharks. The unique story behind the Bang Shack and the lively personality of its founder made the pitch memorable even for years to come.
The proposed asking price for Bang Shack is $80,000 in exchange for 20% equity in the company. Jason’s pitch was impressive, as he presented the use of his chicken dips with almost everything like nacho topping, salad dressing, etc.
Despite the interesting products and amazing pitch, Jason could not secure the deal as the Sharks were concerned about the scalability of the business. But that was not the end, in fact, Bang Shack got the exposure it deserved and ever since appearing on Shark Tank, Bang Shack has gained so many customers.
What Happened to Bang Shack After Shark Tank?
As we learned Bang Shack could not secure a deal with Sharks but Jason Hadley didn’t stop there. The exposure from the show worked for Bang Shack and the sales boosted significantly.
Jason participated in many food festivals showcasing his business model. He also attended farmers’ markets and other local events to promote his products.
With time Jason introduced new flavors. Along with that he also worked on increasing the shelf life of the products which in turn rewarded him with increased sales. The products could now reach different locations with this increased shelf life.
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Bang Shack’s Net Worth
As per the latest reports, Bang Shack’s network as of 2024 is somewhere between $1.5- $2.5 million. This net worth is the total of the customer base of Bang Shack, its inventory, and the value of the brand.
A part of this net worth is contributed from direct sales from events, online orders, and local stores. Additionally, partnerships with other food brands also contribute to the profit of the company.
Lessons Learned from Bang Shack’s Journey
Bang Shack’s success journey is an inspiring story, of how Jason built his brand from the ground. Jason Hadley could not secure a deal at Shark Tank, but he did not give up. He turned his setback into success within no time. Here are a few lessons that we learned from his journey:
- Passion is Key: Jason’s passion for his brand was quite evident on Shark Tank. The way he presented his brand and products and the enthusiasm he holds for his brand. This passion helped him gain a loyal customer base.
- Adaptability: Jason did not stop, he launched new products and adapted practices that could help his brand grow like increasing the shelf life, etc. This adaptability helped his business grow.
- Perseverance: Persistence was a key feature in the making of Bang Shack as Jason never gave up on the challenges he faced. There was a lack of funding and scalability issues, but he kept going despite all odds.
- The Power of Exposure: After coming to Shark Tank US, Bang Shack gets enough exposure. People were aware of the brand after that and it drove sales.
Conclusion
In the end, we can say that Bang Shack’s success story was definitely an inspiration. The journey was indeed a challenging one but with passion, persistence, and adaptability Jason made sure his brand grew.
For all those wondering what happened to Bang Shack after Shark Tank, it’s very clear that Jason Hadley handled his setback quite positively and turned his business into a successful one.