Cookie Kahuna on Shark Tank
|Famous Wally Amos Cookie Kahuna|
Shark Tank in Episode 804
Wally Amos first started the very first Chocolate Chip Cookie Store "Famous Amos" in 1975 with a $25,000.00 loan. When it came to promoting his product, there was no one better than Famous Amos becoming a household name at the time. Wally claims he only planned on opening one cookie store, but this soon-to-be Famous Shark Tank Star sold over $1,000,000.00 in chocolate chip cookies in the second year and needed to expand, fast. Everything (especially from the early investors views) was going "Great" as Famous Amos Brand started growing at a phenomenal rate. In 1982, Wally's entire business had revenues totaling over $12 million for the year.
So why is the man behind the most famous cookie company ever, going on the Shark Tank 35 years later selling a new brand called Cookie Kahuna? Well, for those that don't know, Wally also became Famous for losing his company to investors in 1988. The Shansby Group bought Famous Amos Brand for only $3 million after the company reported a $2.5 million loss for the year. Since that time, the Company's changed hands at least four different times. Currently, the Kellogg Company owns all the rights to Wally's former business and probably won't be selling anytime soon.
Before starting Cookie Kahuna, Wally also started the "Wally Amos Presents Chip & Cookie" in 1991. The new owners of Famous Amos quickly sued him for using his name in a similar business. So Amos started "Uncle Noname Gourmet Muffins" and took advantage of being sued by the company he founded. In 1999, Wally changed the name to Uncle Wally's Muffin Company.
Wally "Famous Amos" Net Worth
So how much is Famous Amos net worth before launching another famous cookie company on the Shark Tank in Episode 804? We already know Wally will make Shark Tank History for becoming the oldest entrepreneur to start a new business on the Show, but his net worth might also make him one of the wealthiest contestants. Several sites peg Wally Amos net worth around $15 - $20 million. Wally's also a motivational speaker in high demand and author to Ten Inspirational Books helping to add to the bottom line.
Watch Cookie Kahuna on Shark Tank Episode 804 next Friday night, 10/7/2016, and see if the Famous Wally Amos strikes the biggest cookie deal ever with the Sharks and 10 million viewers watching the Show.
Order Cookie Kahuna cookies online (only $5.99 per bag)
Famous Wally Amos Official Website