Sharks Astounded by Crisp Creative Salads' $7m Business Valuation | Shark Tank AUS
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- Опубликовано: 8 фев 2025
- Shey Newitt & Ted Tolfree are pitching for an investment of $700,000 in return for a 10% equity stake in their business Crisp - freshly made salads that are completely tailored to your liking, but how hard is it to enter this market space?
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
Company Website: crisp.com.au
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #Health #Lifesavings
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They still have their 3 stores. They didn't grow, but they survived. Good for them honestly. Very well presented, level headed people.
Did they survive COVID
@@neilmenon8943 yup
Looks like they only got 2 locations now. One is “closed-closed.”
@@bash547 hm, well covid hit hard I suppose.
@@bash547 2 locations is not bad, But the net growth over so much time is 0.
Naomi: I've worn this same red dress for three months straight and for that reason only I am out
😂 dude you nailed it!
They all wear the same clothes
😂😂😂😂😭😭😭😭
@@coopers3820 REALLY ? .. the red is RED !!! VERY NOTICEABLE ... LOL Cheers ... happy holidays
@@nevillecreativitymentor huh
Shall we do a fundraiser for the red lady so she can say "I'm in" oneday?
I would love to. "Unfortunately, there is so much chance that you won't be unique to yourself. For that reason, and only that reason, I'm out."
Might as well replace her with someone who’s there to invest
Looks like she's so poor that she only has one dress.
@@cdnhawk65 😂😂😂😂😂
She doesn't have the money, and neither do the rest except for Andrew (British guy) who is worth 300 million and the other guy (who isn't in this episode) who is worth 700 million
Naomi and Barbara should start a business called "Out n Out"
It should just be in n out because they always say I love this and this but I am out
@@paradox5434 why they don’t just say “ this is a good idea but I’m broke so I’m out”
They are just there for the samples
@@arafchowdhury4771 🤣🤣
@@arafchowdhury4771 that would be me 😮😂😹
The most disturbing part is that Naomi always smirks when she says she's out!!!
She knows she's a joke 😂
@@justlikehoney1859 having money literally means nothing. Grow up
@@justlikehoney1859 your insecurities are showing
Taking an 18k salary. Good man. Shows great character and believes in the company.
and he only did that for tax reasons
@@joeblack2534 aye if that’s your real name then your parents gave you a shitty ass name
It’s AFF Dude your comment is unnecessary.No need to be negative.
It’s for tax purposes... don’t be fooled.
@@AFF_NYC your name isn't the great either
We need a shark tank world edition with, Steve, Peter Jones, Mr.Wonderful, Mark and ..... Jenny
Dragons den
One or two people from each show Shark Tank and Dragons Den
@@jacksonberry1138 Dragon Den is So boring i fall asleep watching it Shark tank there is Drama there is fun!
@@stanikzai1419 lmao shark tank is ridiculous 😂 the den is all about business, no ones got time for drama here in the UK 😂
Arturo form shark tank Mexico
They were pretty smart to expand into breakfast porridge, meat bowls and smoothies. Offering only salads would have lead into a long drawn out death of a business.
Eh it depends. I worked at a very successful chain salad restaurant that only sold salad and salad/rice bowls. If it's in the right location it can work. The location I worked was in an area with lots of office buildings and we had long lines every lunchtime. I understand the benefits but I worry it could harm the main business. Focus on doing salads better than anyone else.
Simply untrue but ok
@@Benpg93 may i know the name of the location?
Why so?
Smart, articulate, and well composed individuals. Love it
Naomi: "I had to walk to work today, and for that reason only, I'm out"
Well. Even if you don’t make a deal im sure the being on the show helps get your name and brand out there and can improve business.
These guys are so cooperative and don’t have attitude , its the best personality i watched on shark tank unlike too much prideful owners . too bad the sharks didn’t invest. Wish you luck crisp!
What a great duo. So much in love with how they are supporting each other. Very professional
Such an incredibly competent couple, the type of people that will be successful at whatever they do - best of luck 👏
Without even watching the full video, heres Janine...
"I'll take 99% of your business for this packet of Caesar dressing"
You should watch the full video next time
@@justlikehoney1859 cry more
he should of ended his presentation with "So which one of you sharks wanna toss my salad?"
😂😂... and can’t believe she actually said “what’s keeping them from tossing their salads”
Rebel Rob imagine flirting in a youtube comment section
@@rebelrob9637 It's 2020 so go outside and look for it, weirdo.
@@rebelrob9637 hahahahaha cacacacacaca-RINGE.
Stereotypical incel.
My favorite was when he snapped and wrote an essay in reply to you calling him a weirdo, in which he is: an absolute weirdo.
bahahhah
18 MILLION net worth 2022. Should have done the deal Sharks!
I've seen a lot of these shark tank episodes, but I really wanted them to get a deal..they deserved something
You know they are out when they start praising
Who's watching this in 2020 and asking what happened to these valuations due to Covid19
And nobody is answering
@@Ale-hu8yo cause nobody cares :/
Some of them waste so much of their time getting them excited then say no. It's irritating
7:10 "Guy isn't all of a sudden going to toss his salads" - LMAO!!
Can anyone please explain to me how the sharks got their valuation of 1.75/1.8/1.65m. Genuinely curious on the math and business/accounting side of them getting those figures.
15% of $2m = $350k × 5 = $ 1.75m
Why multiple of 5?
The industry ave for salad bars was the reasoning quoted
Went to a place like this years back called Salad Works. Exact same concept of either order a salad or make your own.
7:05 “It’s sustainable because the guy next door just isn’t going to toss your salad”… nice
They keep Naomi on this show just have some to say im out 🤣
_”Im out”_ Naomi constantly channels Barbara 😂
I was actually sitting here, hoping, that they don't take that deal, because it sounds like they are nice and intelligent people, who are doing great, and who don't really need these "sharks" in order to grow.
When Naomi starts speaking, I just hit the fast-forward button until I see the inevitable final two words.
Who else knew this was going to end with no deal?
It's not scalable
SPOILER!
Spoiler!!!!
I didn't know... but now thanks to you i know
Don't read comments before watching
I know your looking for an investment.for that reason and just that reason alone , im out. - redshark
Hahah
😂😂😂
Jenny
😂😂😂😂
The sharks are so weasly, I can't imagine wanting to be in business with them. This team dodged a bullet! So happy they didn't get suckered.
Yeah but publicity is also free amazing advertising don’t forget 😉
Meh. They were all kind and respectful. They had a lower evaluation but they are also taking a risk by giving up their money so it has to be worth it for them
Shark tank AUS sucks
I don't think the lady in red dress has any money at all. She never makes any investment why
and for that reason she is out
Which is why she has money.
She is a bloody billionaire
@@adi_carvalho2620 her net worth is 50 million $.
She has but mostly she goes out first lol
They always bring up the monopoly . Oh everyone can copy you. Then you're going to fail. Really? So one McDonald's sells hamburgers and fries? Only Zale's sells diamonds? There's only one pro football team?
Right. Just do it best and you will thrive.
Lol the best answer given by a shark 'Steve' abt how he will bring
Value to the business is that I don't know anything but I just know how to eat the food😂
Oh, come on Naomi. That was not the ONLY reason you were out.
She is broke perhaps
They askin too much money she can’t afford 😂
@@donblazar2883 look at these internet experts. She has enough money to buy and sell your broke ass a million times.
Naomi didn't want to invest because of possible copycats? That is weak excuse not to invest. In every business, people are going to copy so the original creator has to create a strong brand.
Their branding was pretty generic though.
These 2 had an absolute result... THEY ARE KILLING IT!! Why on earth give away 42% of your business when you're flying up the curve as it is??!
I'm glad for their sakes that Janine said no 👍
Did Covid take them out of business?
@@ModaFuCling They seem to still be going strong despite COVID, and are even up to 4 stores currently!
15% GP is terrible
Greed
Her offers are always outrage tbh lol
$700,000 for 10% is crazy on ANY level
So you would decline a 10% stake in Tesla, Apple or Amazon for 700.000$? Interesting.
In the aussie version they show you the whole vid but in the usa one just the ending
Is there any episode where John gives an offer? (other than the episode of two moms caring for disabled children?)
More entrepreneurs who just don't get it!! Their valuation is insane! I can not believe that in 2021(don't know when this episode previewed), that there are not 10's of 1000's of people trying to start what they think are "healthy" foods! IT IS NOT A NEW THING!! Many, many entrepreneurs have appeared on DRAGON'S DEN-UK/Can, and SHARK TANK USA, AUSTRALIA, etc. with the same ideas, and most do not last that long. I live in a large mid-west city, and have seen many salad shops come and go, and not there just are not ANY!! I miss them, but people just weren't going to them. I always thought it was odd how fast they disappeared!
They just over-valued their business!
Hoping for the best for them - lovely family 👏
I’m about to start a salad bar place called “Let Us” (get it?)
Andrew knows they will be successful, yet he doesn't invest.
his reason makes sense. It is not scalable.
So basically a debt stake is better than an equity stake in this case.
The sharks don't want to find business partners, they want to find marks they can rob.
1:07 God, lovin that face Steve made LMAO
1:12 meanwhile Andrew be like "Yes, tell me more about the salads"
Really good business Idea, hopefully they keep that same mindset of fresh salads and don't end up becoming apart of the fast food category
Fast salads freshly made, I hope America gets something like this.
In Ontario Canada you can get a fresh salad anywhere.....
naomi was on qanda this week. i was the only one making out jokes in the chat
Steve face is priceless 1:07
They’re now worth 18million.. wow!
Why did they ask for such a high number that’s the problem
They should control the growing process( vertical tower farming) and promote the nutritional benefits of the ingredients.
I so love the Aussie accent.
There’s a successful salad only restaurant like this in the US called Snappy Salads. The industry is definitely sustainable.
We have this company here in the US. Portland OR.
We have this business here in the USA. In Portland OR. :))
@@ysvidenko Yes, That’s why I mentioned it as I’ve been many times. They’re all over the Dallas-Fort Worth Metroplex in TX. IDK how they’re doing post covid. I hope they hang in there. I love getting grilled salmon on top.
This isn’t unique. In LA we have like a dozen different brands of places like this. There’s a place called “LA Colossal salads” that had been doing this since the 80s. I even worked at one in Santa Monica when I was a kid.
Clearly just wanted the exposure... good thinking though i looked them up
the “as you should” was so funny to me 😂😭😭
7:23 shut up red, we know the real reason is that you have no money left 😂
I love their logo with the knife slice through it. Very clever.
I hope this couple will be in the episode that ... The deals that sharks miss out...
7:08 I assure you I’m not tossing my salads.
Pity, a good pitch, a good product and I wish them well.
As long as they keep the slugs out of their salads they will go far.
Can someone tell me what is the formula to evaluate a business? Considering the sales, investment,.... Every business seems to be overpriced by the sharks
Investment divide by percentage. EG: 100,000/0.10=$1,000,000 valuation
@@y330gary thanks, I understand this part. What I don't get is when they talk about the cash flow and evaluate the business?!🤔
Steve reactions are really good.
how did the sharks get their valuation of the company
Free adverising for Crisp so they should be happy. Its a good concept and I hope they are running well now
Naomi: i have Barbara on speaker phone and she just wanted to tell you since I called her she's out... so I guess that means I'm out as well!
Just cus her own salad business failed doesnt mean every salad business going to fail. An offer from Jenine was all they were really looking for.
The cost is too high. Profit margin of 15% isn’t able to withstand a risk, especially food cost fluctuate greatly
@@ModaFuCling appreciate your explanation. Surely Jenine with her experience couldve helped change that percentage esp with the new stores opening
I really wanna see Steve on Shark Tank US
Andrew is the only shark I’d take an investment from
Naomi comes up with excuses to not invest the way i come up with reasons to skip the gym
Good for Ted and Shey..!!
Naomi: There are people replying in the video Comments, and for that reason I’m out.
"You want some of my money, I am not really here to fund your business so I'm out"
If there is going to be a contest between Naomi and Jenny . Still Jenny will win the I am out competition.
I find the Australian sharks so much funnier and more entertaining to watch. They also seem more real, like they're actual people instead of actors.
It's boring as hell compared to dragons den
@@santhosh8290 dragons den is overrated, grimy, little business insight and has two interesting sharks at best
It’s easy to copy cat and and no big barriers for entry. No good for the Sharks.
But for those couple.. it’s a mind boggling cash flow. Especially if they start 10 stores
7:03 "How do I know.. the guy next door isn't all of a sudden going to toss his salads."
Dunno, keep an eye on your local craigslist maybe?
anyone else sick of hearing "to the next level"
?
I can improve that. I want to take "to the next level" to the next level.
And what would you stay instead to mean the same thing
Hey Red Lady get yourself some money from the bank and invest the money atleast for the Show purpose and again take away the money from them
Naga Chaitanya the show is fake. They do the deal on tv but when they come to signing they don’t do the deal
these guys are so much more polite compared to the US version, it's weird lol
I'm learning a lot about business here. Because of that "I'm in."
If they promise freshness, this must mean they are throwing away LOADS of perfectly fine greenery.
How come? Might as well just be calculating resources correctly and accepting only quality produce.
They are still successful and worth millions so good on them, I am glad they didnt get a deal.
Couldn't find good healthy food on the go in Australia of all places. Are they taking the piss?
Anyway there used to be a similar franchise called Dressed Salad in Asia and it didn't last.
People couldn't make up their minds with all these choices of ingredients at the counter and the line up was huge and it defeats the point of "on the go". It was also hugely expensive and I suspect this has something to do with the many choices, the huge front of shop counter space needed, and subsequently the high rent.
One of the most important thing that you must added the reasonable value company. If i'm a shark, for that reason "I'm out"
They r so positive! Go team
They will see more business over the next few weeks thanks to this video
Can someone teach me how did the 7M$ valuation reduce to 1.7M$? I am really curious. :|
Based on the existing business, not on the potential future profits...
@@alex9564 can you show how to calculate? Which concepts were used?
@@jatinr13 The fast and easy one is EBITDA multiplied by a multiplicator. The multiplicator depends on many things- the sector, the competition, the level of difficulty for new entries, potential patents and so on. What you could use as orientation is established (and already listed) companies in the same industry.
There are more elaborated approaches, of course.
Alexander Nikolov 👍
In this industry maybe 3-4 x net profit of the year
Wonderful people right there hope they do good
Well, I think they didn’t need shark for this, if they need 700k to open 10 stores that means 70k to open one, their profit is 150k right now . So they can open 3 new stores every year to kick the revenue , so basically if it goes as they presented, they should be able to open 10 stores in 2-3 years with own capital and 100% ownership...
This episode was aired several years before COVID.
People don't pay $9-12 for a salad... For that reason I'm out
I worked at a place that does this exact thing, 15 years ago. Salads STARTED at $9 and I made some that were $15-20 regularly. This was in Santa Monica CA.
How is this not scalable. The sales level is great, there is huge potential. They should have given a deal especially based on a revised valuation of the business.
This is already a thing in the US it’s called saladworks
7m is not a bad evaluation... if their three shops is turning over 1m and add 10 more shops.. they roughly can pay back the 700k.
3->13 is quite the big jump. Also consider that the novelty factor might be temporarily inflating sales
Grow your own produce in house?
@Slavery is Freedom, War is Peace Buying a farm?? It's 2020. Google Vertical farming. ruclips.net/video/n8vQ4gTqsy4/видео.html
I never saw the Barbara of Australia invest.......
11:52 - Mike Wosowski
Good for them. Didn't sell their equity cheap.
Jenny and Naomi should get together and have their own show called "I'm Out!" but they should invest their own money to make the show happen! Wonder what they'd say to that?
And Barbara from US Shark tank