We’ve gotten a chance to give you profiles of all the companies coming onto Shark Tank this week but there’s one more company that’s going to be featured on the show. Shark Tank’s going to update us on the progress of Bubba’s Boneless Ribs. Remember when Journeyman NFL defensive lineman Al “Bubba” Baker fed the Sharks some of his Bubba Q Boneless Baby Back Ribs in back in season 5 on December 6?
Baker, whose NFL career spanned 12 years, did stints with the Lions, Cardinals, Vikings, and Browns from 1978-1990 and was defensive rookie of the year. Since he retired from the gridiron, he’s built quite a following in Cleveland with his successful restaurant called Bubba’s Q.
You might recall that Al’s known for his slow cooking approach as well as de-boning each rack by hand. Al was fortunate enough to get an investment with Daymond but how has he fared in the last 3 years? We’ll find out tonight:
Here’s a full recap of Bubba’s
Al enters with his daughter Britney seeking $300,000 in exchange for 15% equity in his business. He explains his love of barbecued ribs and how his wife hates the mess. While warming ribs in the microwave, he explains how his wife’s disdain for messy ribs made him find a way to de-bone them after cooking.
Once the ribs are ready, he hands out samples and the Sharks LOVE them. While eating, they ask about his football career — then the real questions start. Kevin wants to know if there is anything proprietary about the product. Al produces two patents: one for de-boned ribs and one for the de-boning process. Mr. Wonderful says he’s never seen a patent for a food product in the Tank.
He’s done $154,000 in sales for the year, and has ribs for sale in 48 stores. Barbara wants to know why it took him so long to get started and he says his daughter pushed him after she said she wanted to quit track. She said “you gave up on your ribs,” which inspired Bubba to get going with the business. Britney is now his partner.
Kevin decides to offer $300,000 for 49% of the business, contingent on licensing the patented process. He says he’ll call on the largest meat packer in the USA and get a deal. Daymond calls Kevin a “greedy savage” and offers $300,000 for 30% because he loves ribs so much.
Robert says Bubba is paying a big premium for a phone call with Kevin’s deal and he goes out. Barbara says Kevin and Daymond’s offers are better than hers, so she goes out. Mark goes out for the same reasons as Barbara. After a moment of reflection, Bubba accepts Daymond’s offer.
RESULT: DEAL with Daymond for $300K for 30%
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