Things Get INTENSE With Beyond Sushi! | Shark Tank US | Shark Tank Global

Shark Tank Global
27 Sept 202409:09

Summary

TLDRChef Guy Vacin introduces Beyond Sushi, a vegan restaurant chain in New York City, seeking a $1.5 million investment for 25% of a new West Coast venture and 5% of the East Coast operations. The brand is known for its innovative sushi made with vegetables, fruits, and whole grains, avoiding fake meats. With six locations and annual sales reaching $4 million, Vacin aims to expand, leveraging his experience and a partnership with Ruby Tuesdays' founder. Despite initial pushback on valuation concerns, strategic negotiations lead to a deal with investors offering 30% in LA and 15% in New York, promising access to a vast network and support for aggressive expansion.

Takeaways

  • 🍣 Guy Vacin is the chef and owner of Beyond Sushi, a vegan restaurant in New York City known for its modern approach to sushi using vegetables, fruits, and whole grains.
  • đŸ’Œ Guy is seeking a $1.5 million investment for a 25% stake in his West Coast expansion and 5% of his current East Coast operations.
  • 📈 Beyond Sushi is a pioneer in the vegan sushi movement, aiming to provide a healthier and more sustainable alternative to traditional sushi.
  • đŸ„— The menu includes a variety of vegan options such as salads, wraps, dumplings, and rolls, with a focus on unique flavor profiles.
  • 💰 The average cost for eight pieces (one roll) of sushi at Beyond Sushi is $7.50, with a production cost of approximately $5.
  • 🏱 The business model involves a central kitchen that supplies multiple smaller restaurants, allowing for efficient operation and expansion.
  • 📊 Sales have been growing, with $4 million in sales the previous year and a projection of $5.6 million for the current year, despite a net loss of $272,000 the previous year.
  • đŸ€ Guy partnered with Sandy Be, the founder of Ruby Tuesdays, to help grow the business, with Sandy holding a 25% stake and Guy 75%.
  • 📈 The company has seen significant growth, doubling in size from $250,000 to $978,000 in one year.
  • 💾 There is a debate over the valuation of the business, with some investors finding the asking price too high based on the pre-tax earnings.

Q & A

  • What is the name of the restaurant Guy Vacin is seeking investment for?

    -Beyond Sushi

  • How much investment is Guy Vacin seeking and what equity is he offering in exchange?

    -He is seeking a $1.5 million investment in exchange for 25% of the planned venture on the west coast and 5% of the current operation on the East Coast.

  • What is unique about the sushi served at Beyond Sushi?

    -Beyond Sushi takes a modern approach to traditional sushi by creating unique flavor profiles using vegetables, fruits, and whole grains without relying on fake meats.

  • What are the three types of rolls Guy Vacin brought as samples?

    -The three types of rolls are the mighty mushroom, sunny side, and another roll which is not named in the transcript.

  • How does the calorie count of Beyond Sushi's rolls compare to traditional sushi?

    -It averages about 280 calories for a roll, which is about the same as a traditional sushi roll.

  • What is the cost for eight pieces of sushi roll at Beyond Sushi?

    -The cost for eight pieces, which is one roll, is $7.50.

  • How many locations does Beyond Sushi currently have?

    -Beyond Sushi has six locations.

  • What was the initial investment Guy Vacin made to open the first Beyond Sushi location?

    -The initial investment was $70,000 of his life savings.

  • What was the sales figure for Beyond Sushi in the last year mentioned in the transcript?

    -The sales figure for the last year was $4 million.

  • What was the net profit for Beyond Sushi in the year they made changes and opened two big locations?

    -They were negative $272,000.

  • What was the sales projection for the current year mentioned in the transcript?

    -The sales projection for the current year is $5.6 million.

  • What is the issue one of the investors has with the proposed deal?

    -The investor finds the valuation too high, as they would be paying 20 times the pre-tax earnings for a share in the west coast operation which is not yet established.

  • What is the final agreement reached regarding equity in the deal?

    -The final agreement is for 12% equity in the west coast and 30% equity in the east coast.

Outlines

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Mindmap

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Keywords

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Highlights

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Transcripts

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Vegan SushiShark TankPlant-BasedHealthy EatingBusiness PitchRestaurant ExpansionSustainable FoodEast CoastWest CoastInvestment Deal
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