According to the latest update from Shark Tank, Cupbop has a net worth of $180 million USD. The company generates $34 million in annual sales. Cupbop is a Korean BBQ in a cup that appeared on Season 13 of Shark Tank.
Cupbop received a $1 million investment from Mark Cuban for 5% of the company. Cupbop has become highly successful after appearing on Shark Tank and is set to open Fifty more stores across the United States.
Cupbop Net Worth 2024
| Net Worth | $180 Million |
| Sales Revenue | $64 Million |
| Profits | $19 Million |
| Lifetime Sales | $150 Million |
| Founder | Junghun Song |
| Stores in the USA | 90 |
| Global Franchisees | 200+ |
| Food Trucks | 45 |
| Employees | 70 |
| Investor | Mark Cuban |
Sales Revenues
When Cupbop was pitched on Shark Tank, the company’s annual revenues were $18 million from 15 stores. As of today, Cupbop’s sales revenues are at $64 million from 49 stores.
With help from Mark Cuban, Cupbop is adding new stores every month and reinvesting its profits back into the business. Cupbop is targeting to reach 200 stores by the end of next year and generate revenues of $100 million per year.
Company Growth
Cupbop has partnered with ‘Qu’, to provide quick service technology solutions at all its outlets and trucks. What started as a simple food truck trying to bring the flavors of Korea to Salt Lake City, Cupbop has turned into a proper restaurant chain with 49 locations across six states.
Cupbop is now franchising, with the goal of expanding to the entire country and the world. The brand already has over 150 stores in Indonesia and is set to open 100 more stores in Vietnam, Korea, and Japan.
FAQs
With a net worth of $180 million, Cupbop is now serving in around 90 stores across the USA and has become one of the most highly successful products to ever come out of Shark Tank.
Yes. Mark Cuban owns 5% equity in Cupbop.
Each Cupbop Franchise will cost $500,000.
With over $34 million in gross sales, Cupbop is performing very well.