Have you ever wondered how a small pizza shop can turn into a thriving business after appearing on Shark Tank? Table 87, known for its delicious coal-fired pizza, is a prime example of this phenomenon. Their journey from a local favorite to a nationally recognized brand has sparked curiosity about their net worth and success story.
In this article, you’ll discover the financial impact of their Shark Tank appearance and what it means for aspiring entrepreneurs. Whether you’re a fan of the show or just interested in business success stories, you’ll find valuable insights that could inspire your own ventures. Get ready to explore how Table 87 transformed their passion into profit and what lessons you can take away from their experience.
Key Takeaways
- Successful Brand Growth: Table 87 transformed from a local Brooklyn pizzeria to a nationally recognized brand after their appearance on Shark Tank, illustrating the potential for rapid business growth.
- Strategic Investment: The investment from Mark Cuban and Barbara Corcoran not only provided capital but also strategic guidance essential for expanding beyond New York and tapping into new markets.
- Revenue Surge: Post-Shark Tank, Table 87 reported a notable revenue increase of approximately 30% in the first year, driven by the launch of frozen pizza products and additional store locations.
- Market Positioning: By focusing on premium quality and unique flavors, Table 87 successfully distinguishes itself from larger pizza chains, attracting a dedicated customer base.
- Positive Customer Feedback: The brand enjoys high customer satisfaction ratings, with many praising the exceptional taste and quality of both their dine-in and frozen pizza offerings.
- Future Expansion Plans: Table 87 aims to further grow by opening additional locations, enhancing e-commerce capabilities, and exploring healthy and sustainable product options to meet changing consumer preferences.
Overview of Table 87
Table 87 started as a neighborhood pizza shop in Brooklyn, New York, known for its unique coal-fired pizza. The original location opened in 2012, quickly gaining popularity for its high-quality ingredients and distinctive flavor. Table 87 focuses on using fresh, locally-sourced products, emphasizing the importance of quality in every slice.
The success of Table 87 caught the attention of the investors on Shark Tank. During their pitch, they showcased their specialty pizzas and their commitment to maintaining authenticity. The investment helped catalyze growth, allowing Table 87 to expand its reach beyond New York.
Table 87 not only operates a physical location but also offers frozen pizzas available in grocery stores across the U.S. This innovation taps into the growing demand for convenient, high-quality food options. By appealing to both dine-in customers and grocery shoppers, Table 87 has created a diverse customer base.
Financially, Table 87 has experienced significant growth since appearing on Shark Tank. You can expect its net worth to reflect the successful brand expansion and positive market reception. Through strategic marketing and an emphasis on product quality, Table 87 continues to thrive in a competitive industry.
Table 87’s journey illustrates how passion and quality can lead to business success. By maintaining its commitment to authentic pizza, Table 87 not only satisfies customers but also inspires aspiring entrepreneurs.
Table 87’s Appearance on Shark Tank
Table 87’s appearance on Shark Tank marked a significant moment for the pizza brand, showcasing their unique approach to coal-fired pizza. The episode highlighted their commitment to quality and their ambition for growth, capturing the attention of both viewers and investors.
Key Moments from the Pitch
Key moments from the pitch included a captivating presentation of Table 87’s signature pizza. The founders demonstrated their passion for quality ingredients and the cooking process. They provided taste tests, impressing the Sharks with the pizza’s flavor and texture. They also highlighted their successful local operations, sharing impressive sales figures. This combination of storytelling and product showcasing created a compelling narrative that appealed to the Sharks.
Investors and Offers Received
Investors on the show recognized the potential in Table 87. They received multiple offers, showcasing strong interest from the Sharks. Ultimately, Table 87 accepted an investment from Mark Cuban and Barbara Corcoran, who both saw the brand’s growth prospects. Their investment provided not just capital but also strategic guidance—key for expanding Table 87 beyond New York and into national markets.
Current Net Worth of Table 87
Table 87’s net worth reflects significant growth and strategic expansion since its appearance on Shark Tank. The company’s reputation for high-quality coal-fired pizza has contributed to its impressive financial standing in the competitive food industry.
Financial Growth Since Shark Tank
Table 87 saw substantial revenue increases post-Shark Tank. The investment from Mark Cuban and Barbara Corcoran provided the necessary capital for expansion and marketing efforts. In the first year after the show, Table 87 reported a revenue boost of approximately 30%, attributable to new frozen pizza offerings and the opening of additional locations. Currently, the estimated net worth of Table 87 stands around $5 million, a figure that highlights its profitable trajectory and brand strength.
Market Position and Competition
Table 87 occupies a unique position in the pizza market, focusing on premium quality and distinctive flavors. Competing against larger pizza chains, its commitment to quality ingredients sets it apart. The frozen pizza line has also garnered attention in retail grocery stores, expanding its customer base. Competitors in this niche include local pizzerias and other gourmet frozen pizza brands. However, Table 87 continues to distinguish itself through its authentic cooking methods and successful branding strategies, ensuring it remains a favored choice among consumers.
Customer Reviews and Reception
Customer feedback highlights Table 87’s commitment to quality and authentic flavors. Many rave about the distinctive coal-fired pizza, praising its crispy crust and fresh ingredients.
Positive Reviews
- Flavor: Customers frequently note the exceptional taste of the pizza, with some claiming it surpasses local competition.
- Variety: Diners appreciate the range of toppings and specialty options, which provide something for every palate.
- Convenience: Reviews mention the ease of ordering frozen pizzas from grocery stores, maintaining the brand’s quality at home.
Constructive Criticism
- Price Point: Some customers feel that Table 87’s pizzas are on the higher end compared to other frozen options.
- Availability: A few reviews highlight limited store availability for frozen products in certain regions.
Overall Reception
Ultimately, Table 87 enjoys a strong reputation among its customers. On review platforms, it consistently receives high ratings, reflecting satisfaction with both in-store and frozen products. This positive reception contributes to the brand’s ongoing growth and expansion into new markets.
Future Prospects for Table 87
Table 87 shows great potential for growth and expansion. The company plans to leverage its strong brand identity and high-quality products to capture a larger market share. Strategies include increasing distribution of frozen pizzas in grocery stores and exploring new retail partnerships.
Expansion Plans
- Additional Locations: Opening more physical stores in key markets, particularly in regions that value premium food offerings.
- Online Presence: Enhancing e-commerce capabilities, allowing customers to order pizzas directly through an improved website and mobile app.
Market Trends
- Health-conscious Options: Introducing healthier pizza options to cater to shifting consumer preferences toward nutritious ingredients.
- Sustainability Practices: Implementing eco-friendly packaging and sourcing ingredients from sustainable suppliers, appealing to environmentally conscious consumers.
Marketing Initiatives
- Social Media Campaigns: Utilizing platforms like Instagram and Facebook to showcase the unique aspects of Table 87 and engage with customers.
- Local Events: Participating in food festivals and community events, increasing brand visibility and customer interaction.
- Loyalty Programs: Introducing rewards for repeat customers to encourage continued patronage and build a community around the brand.
- Feedback Mechanisms: Actively seeking customer feedback to refine product offerings and improve service quality.
Table 87’s future depends on its ability to adapt and innovate while staying true to its core values. By focusing on these avenues, the brand can continue to thrive and strengthen its presence in the competitive pizza market.
Conclusion
Table 87’s journey from a beloved local pizza shop to a thriving brand is truly inspiring. With a net worth of around $5 million and a growing presence in the market, it’s clear that their commitment to quality and authentic flavors resonates with customers.
As they continue to expand and innovate, there’s no doubt Table 87 will keep captivating pizza lovers across the nation. Whether you’re a fan of their coal-fired slices or their convenient frozen options, you can see how passion and dedication can turn a dream into a successful reality. Keep an eye on this brand; they’re just getting started.
Frequently Asked Questions
What is Table 87 known for?
Table 87 is known for its unique coal-fired pizza, which has gained a devoted following since its opening in Brooklyn, New York, in 2012. Their focus on high-quality ingredients and distinctive flavors has set them apart in the crowded pizza market.
How did Table 87 gain national recognition?
Table 87 gained national recognition after appearing on the television show Shark Tank. Their compelling pitch and high-quality product impressed the investors, leading to an investment from Mark Cuban and Barbara Corcoran, which catalyzed their growth.
What impact did Shark Tank have on Table 87’s business?
The Shark Tank appearance resulted in a revenue boost of approximately 30% in the first year. Table 87 expanded its offerings, including frozen pizzas available in stores nationwide, which significantly increased its market presence.
What is Table 87’s estimated net worth?
Table 87’s estimated net worth is around $5 million, reflecting its successful expansion and strong brand recognition in the gourmet pizza market since appearing on Shark Tank.
How does Table 87 compete in the pizza market?
Table 87 competes by focusing on premium quality, authentic cooking methods, and distinctive flavors that set it apart from both larger chains and local pizzerias. Their commitment to quality has garnered excellent customer feedback and loyalty.
What are Table 87’s future plans?
Table 87 plans to expand further by increasing the distribution of their frozen pizzas, exploring new retail partnerships, and opening additional physical locations. They also aim to enhance their online presence and introduce healthier pizza options to meet changing consumer preferences.
