Aa per latest update from Shark Tank, Noshi Food Paint’s net worth is $2.8 million. Noshi made an appearance on Shark Tank’s 14th season and secured a $250,000 investment from Mark Cuban in exchange for 25% of the company.
Following this partnership with Cuban, the company witnessed a significant surge in sales and has flourished immensely under his mentorship.
Do You Know: Following the Shark Tank episode, Mark Cuban convinced a top Hollywood actor, who is a friend his, to invest $200k in Noshi Food Paint and the star got handsome returns.
Noshi Food Paint Net Worth
| Net Worth | $2.8 Million |
| Annual Revenue | $900,000 |
| Profits | $310,000 |
| Online Sales | 40% |
| Employees | 5 |
| Investor | Mark Cuban |
Sales Update
When Noshi took the stage on Shark Tank, they lacked their own website, relying solely on retail giants like Walmart for sales.
Their pre-Shark Tank annual revenue was $200k. Yet, post-appearance, their figures skyrocketed, amassing $650k in just the subsequent year.
With Mark Cuban’s assistance, Noshi unveiled a fresh website. Cuban also delegated his team to manage marketing and packaging tasks.
Presently, Noshi products grace the shelves of more than 1,900 Walmart outlets. Forecasts suggest that the company could see an impressive $3 million in annual revenues by the close of the following year.
What happened to its Founder?
Tomo Delaney, Noshi’s founder, currently draws a salary of $150k from the business. He relocated his unwell wife back to New York, where she now assists him in daily operations.
Thanks to Mark Cuban’s intervention, Delaney had the opportunity to engage with Disney executives, aiming for a prospective licensing agreement.
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Shark Tank Pitch
Tomo Delany presented his business, Noshi, during Season 14 of Shark Tank. His food paint product had already landed licensing agreements with several notable brands, including Crayola. The production cost per unit is slightly below $2.75, and it’s retailed at $5.46.
The Sharks expressed concerns over the company’s profit margins. Yet, Tomo believed that with the right investment, these margins could be improved.
Tomo projected that Noshi would rake in $200,000 in the current year, a modest increase from the previous year’s $117,000 in total revenue.
Kevin O’Leary was unimpressed by these figures and swiftly withdrew his interest, as did Lori Greiner.
However, Mark Cuban saw the potential and proposed $250,000 in exchange for a 25% stake in Noshi. Recognizing his limited choices, Tomo Delaney agreed to Cuban’s terms.