Kevin O’Leary made a $50,000 for 10% offer to Alex Craig and Riad Bekhit on Shark Tank Season 8 Episode 6. Did Potato Parcel Get a Deal on Shark Tank? Postage might cost more than $4 each spud. Mailing a potato is also not inexpensive. To put it another way, don’t sign their message with their name. Is it feasible for them to keep the contents of their communication private? – It is conceivable! Don’t disclose who sent the potato if they want the message to stay anonymous. Is it true that potato packages aren’t identifiable? Riad Bekhit owns and launched Potato Parcel. What Happened to DNA Simple After the Shark Tank pitch? What Happened to Subsafe After the Shark Tank pitch? Potato Parcel FAQS Who owns Potato Parcel? 102, Global Message Services – GMS, Upside Wireless, RainedOut, TeloGo Communications, and Answer America are among the others. Potato Parcel competes with firms like Postcards Plus, which began in the mid-2000s and currently has an estimated $3.1 million in revenue. What is the Net Worth of Potato Parcel?Īs of early 2021, Potato Parcel’s net worth is predicted to be $1 million. In 2021, Potato Parcel is predicted to be worth $1 million, with the firm having already dispatched over 70,000 gifts and earning over $700,000 in sales since appearing on Shark Tank.Īs of May 2021, the business was still profitable, pulling in between $600,000-$700,000 per year. The transaction was completed, and Kevin thinks it to be one of the best he’s ever done. What Happened to Potato Parcel After Shark Tank pitch? The guys respond with 17.5%, and Robert offers $50,000 for 25%.Īfter some back and forth, they decide to accompany Kevin because Robert refuses to accompany them. He offers $50,000 in return for 10% of Alex’s royalties and half of his royalties for 60 days, after which he expects a dollar each potato until he recoups his $50,000 investment. Mark isn’t persuaded they’re crazy, but he still goes out. Robert likes it, but the price is very exorbitant for him, so he declines.ĭaymond feels they took the joke too far, therefore he’s leaving. They’ve made $213,000, which they’re reinvesting back into the business. They’ve sold over 12,000 units since the company’s inception. Until they see the sales figures, the Sharks assume the men are joking. They make different potatoes for different holidays, such as sweet potatoes for Valentine’s Day. “There’s nothing proprietary about this,” he insists. Wonderful’s potato, which has a Sharks picture on it. They discuss their business and distribute samples.Įxcept for Mr. Riad and Alex appear on Shark Tank in search of $50,000 in return for a 10% interest in their firm. Potato Parcel has expanded its shipping to Australia, Canada, Europe, and the United Kingdom. Since the move, other goods have been added such as Lump of Coal Potato (a black potato), Potato Pal (a potato with a photo of someone’s face), Potato Postcard (a postcard pasted onto a potato), and Spooky Tater (a potato with a photograph of someone’s face) (a potato painted to look like a pumpkin).Ī burlap sack is also available for transportation.īekhit reported in April 2016 that monthly revenues ranged from $20,000 to $25,000. Riad owns the firm, which he acquired from Alex for $40,000 in cash.Īlex earns a $1 per potato royalty for 60 days following Shark Tank.īekhit claims to use Pilot G2 gel roller pens to compose messages. In October 2015, Potato Parcel was sold for $40,000 to Bay Area entrepreneur Riad Bekhit and relocated to San Bruno, California. What Happened to Potato Parcel at the Shark Tank pitch? They are most likely searching for a Shark to assist them with their marketing. They can also print pictures ($14.99) or postcards ($12.99) with a potato.Ī $4.99 upsell option is a little burlap bag.Ĭraig claims to make over $10,000 in sales per month. Your potato will be delivered to the recipient’s home within 24-48 hours.Ī standard written message will cost you $9.99. With the exception of “hateful, harmful, or threatening statements,” you may put whatever you want on your potato. It is totally up to the consumer whether it is an anonymous gift or not. He went out and bought some potatoes and pencils, then set up a website and started selling his wares.Ĭustomers compose their message online, and Potato Parcel distributes it to the recipient on a potato. Potato Parcel was created by Alex Craig, a mobile app developer.Ĭraig had the idea after seeing a photo of potatoes with stamps on them in 2015. Is a website and company headquartered in the United States that sends potatoes with personalized messages that are limited to 140 characters or one image. When Alex did sold Potato Parcel to Riad? What is Potato Parcel?
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