Echo Valley Meat on Shark Tank Update
Here's a question most Shark Tank Fans should already know. How many contestants that's been on the Shark Tank and didn't get a deal, but was given a second chance for the Sharks to reconsider investing in their business? Most people know only two entrepreneurs have appeared on the Shark Tank twice. Rebecca Rescate inventor of the Citty Kitty and the Hoodie Pillow and James Martin inventor of Copa Divino wine-by-the-glass. Rebecca is the "Only" entrepreneur to make a deal twice on the Shark Tank for two different products. Jame's is the only entrepreneur to appear on the Show twice and failed to complete any deal with the Sharks.
Out of the hundreds of contestants so far featured on the Shark Tank, David Alwan, the entrepreneur from Echo Valley Meats, is joining this very short list and make Shark Tank History this Friday night in episode 621. Dave first came to the Shark Tank in Season 4 Episode 426 seeking $300,000.00 for a 20% equity stake in his Quality Meat Business. At that time, Echo Valley was generating $1.25 million in sales with only $20k in profits. Allen explained after several years growing Echo Valley with little debt, His business was finally past the break-even point to support future growth mainly with the mail order business. Unfortunately, not knowing a few key numbers like the cost per customer for the mail order business was enough for the Sharks not willing to take a bite out of Echo Valley Meats.
Echo Valley Meats didn't get a Sharks investment that night, but what Alwan did get was an education on how to grow his business to the next level by studying all his numbers in detail. Before episode 426 even aired, David already implemented several new changes and was ready for the "Shark Tank Effect" that soon followed. The website flooded with orders from the 1.6 million page visits generated from being on the Shark Tank.
Rarely does any product seen on the Show that didn't make a deal with the Sharks, get a "Featured Update" during a new episode. For obvious reasons, those products did something extraordinary to receive this honor compared to products the Sharks did invest in the business. Echo Valley Meats was so successful as a new Shark Tank product; it soon received the "Featured Update" in Season 5, Episode 3. Alwan genuinely gives the Shark credit for what he learned from being on the Show. And with a Big Smile, David projects Echo Valley Meats sales between $5 to $10 million for the year. Let's see now how much is 20% of a $10 million a year business?
The Sharks may have let one whale of a deal get away in Season 4, but for the second time in Shark Tank History, They'll get another chance to invest in a now very successful business. If Dave can make a deal with the Sharks this Friday night in Episode 621, He will be the only Contestant in the History of the Show to have pulled off this incredible feat. I say incredible because as we learned with Copa Divino's second appearance, the new price to invest in Echo Valley Meats is going up, way up.
What new valuation does David put on the Echo Valley Meats Brand now that it's generating the sales and profits he's worked towards over ten years? If there was one company that could justifiably add an all important "zero" to the last valuation, Echo Valley Meats might be the one. More importantly, still get a Shark to invest at a much higher valuation now that it's a very successful brand.
Watch David Alwin and the Echo Valley Meats make Shark Tank History (one way or the other) this Friday night March 13th, 2015.
Echo Valley Meats Website
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