Starting out of their apartment in 2015, the Northern California couple, tired of protein snacks that offered little satisfaction, began experimenting with doughnut recipes that were baked, sugar-free, and packed with 11 grams of protein. The Fort Collins, Colorado-based company was co-founded by Marquez and Ondrea Fernandez in 2015 on the idea that sweets can actually be a protein-filled, macro-friendly snack. For more than a decade, Shark Tank has helped entrepreneurs across the United States make their dreams come true. Robert inquired how much Vengo charged advertisers. Required fields are marked *. If anyone knows this, its Marquez and Ondrea. Explaining that they have a co-packer, the creator eventually talks briefly about Marquezs backgroundthat he had previously worked as a nurse and respiratory therapist. With that, they ask the sharks whether or not theyd like to try some samples. Not only that but theres also the VengoXL, which has five times the capacity despite its small size. Cookies help us deliver our Services. Barbara Corcoran decided to make an offer of $300,000 in exchange for 25% equity. The sharks loved RokBlok and its innovative creation of this portable record-playing device but they did have some concerns . Or are you curious about what are ITS TIME for the TRUTH! The digital marketing can be controlled from a central point and the cashless Vengo machines, which allow customers to use their handsets to pay for items, can feed valuable data on consumer buying habits back to Vengo Headquarters. Their monthly shipments went from 30 boxes in November 2019 to 3,000 boxes per week in April 2020. Its important to remember that every business venture has its fair share of pros and cons, which is undoubtedly the case for The Dough Bar. A couple of weeks later, The Dough Bar announced its last production day on May 16. Here is an update on Donugs's net worth so far. We simply review the products and services that we like from the show. Youll find out in this episode. Our raised doughnuts now have 13 grams of protein, and our cake doughnuts have 12 grams of protein. Save my name, email, and website in this browser for the next time I comment. Some are not enthused about the texture, which seems to be a mix between a bagel and a doughnut. However, after reaching $2 million in sales, Marque and Ondrea decided to open a brick-and-mortar business. Sadly, in early May 2022, the couple announced on their Instagram that they would be stepping away from the company while taking care of their newborn daughter, whose health issues require around-the-clock care. Krispy Kreme says that it's launching three new donut flavors as a part of its collaboration with Lotus Biscoff. We wish the Fernandez family all the best in their next big adventure. The deal with Barbara did not went through, Despitethat thesales increased predictably after their appearance. Interested, Alex asks them how much theyve sold so far. Walking into the set hand in hand, Ondrea and Marquez stop in front of the sharks to introduce themselves and their companyThe Dough Bar. This allowed students to buy items such as snacks, tech accessories, and personal care items. They also partnered with Viatouch Media, a retail technology company, to help advertisers better target potential customers. She told Brian that the Vengo strategy was confusing, and did need some work in order to optimize it. A family-owned company, The Dough Bar was founded by Marquez and Ondrea Fernandez in 2015. As the focus goes towards the rest of the panel, Mark breaks the silence by telling them he is out. Sadly, after a sweet, seven-year run, the co-founders of The Dough Bar shared on Instagram that they were closing their company's doors in May 2022 to prioritize the health of their infant daughter, who had been enduring constant intensive care due to serious medical problems that necessitated an organ transplant. To be specific, orders had gone up from three to four units a day to 100 to 200 units a day. After a lengthy discussion, Marques asks Barbara whether she is willing to accept a 20% stake . Ultimately, Kelsey Moreira did not make a deal with any of the Shark Tank investors. Business: Portable Record Player. If the popularity of their social media accounts are of any indication, the company seems to be doing fairly well. Curious to know where you can grab some of their sweet treats? As with the rest of their baked goods, they can be ordered directly from their official website. With further prompting, the couple shares that they have two other productsa gluten-free cake as well as a protein crispy bar, both of which they plan on using to broaden their brand. Steve Dawson has been writing online for two years. Speaking of new products, their rice crispy treats (the ones that were mentioned on the show) have since also been released. The company has employed around 28 people already. Judging from the looks of their faces, its obvious that the doughnuts are quite tasty. Kelsey Moreira is the founder and CEO of Doughp. The doughnuts and other food items are pretty expensive, putting many people off from returning or not buying in the first place. Youre not going to like this Brian admitted, and went on to explain that the company sold the machines for $2,500, which was also the exact cost price. The couple disclosed that theyd opened a manufacturing facility and planned to open two new stores in Colorado. Kelsey had previously worked in technology and product marketing for a decade, but in 2017 she left her job to start Doughp. Vegan and gluten-free, they are similar to their trademark doughnuts in that they are packed with 15 grams of protein. The Dough Bar has many positive reviews from customers who seem to love it, and there are many pros to most of its products. They anticipate reaching $5 million in revenue in 2021. With the comment that Loris offer is hard to beat, Robert eventually also drops out. Despite the fact that Ondrea was heavily pregnant at the time, the couple buckled up and drove eight hours for the casting call. They have resolved their financial troubles and have four retail bakery sites in the greater Denver region as of 2021. Were you an aerospace engineer? Robert asked Steve, and Steve confirmed he had been previously for nineteen years. Lori gives an offer of $100,000 for 30% equity shares of the business. In 2016, they auditioned for ABCs Shark Tank. Doughp bakes at around 400 degrees Fahrenheit, so the temperature used should be just below that level. All age groups are likely to enjoy this indulgence in sweet but healthy food options if they are able to afford them. As the founder of one of Canadas biggest technology companies his opinion was vital to Brian and Steves success in the tank, but he was not impressed. Want to learn more We have a whole new set of business trends emerging to 2021! In 2022, they plan to open 5-8 retail locations in another state, possibly California. With a grin on her face, Ondrea excitedly exclaims that they have 31% customer return rate. Mark Cuban got in first, he asked Brian what the cost of a machine to a vending company would be. A lot of Sharks see the value in the business, but who's going to s. Mark Cuban and Kevin argued briefly before Lori Greiner jumped in. Big fans of Shark Tank, they decided to try out for the show after learning that they would be holding auditions in their city. Nutritional labels are provided in the packaging, allowing fitness enthusiasts to track their calories and macronutrients to stay committed to their diets. In fact, they have added a number of new flavors over the past few months including Savory Nacho Cheese, Smores, Oreo Cheesecake. "It's a very bittersweet moment for us here at The Dough Bar, but we're finishing off strong.". A variety box of 12 doughnuts is also available for $39. Lori enters the fray and offers $300,000 for a 20% stake in the company. In addition to that, they also feel that they can get the shelf life of their doughnuts to 3 to 4 weeks, which will in turn decrease shipping costs. Before making its appearance on Shark Tank, The Dough Bar was an e-commerce business that sold nutritious doughnuts that were a much healthier option than their counterparts. Doughp is a dessert serves with every scoop, curated and moments of self-love memories. Marques inquire whether Barbara and Lori will join forces for $400,000 in exchange for a 30% ownership in the firm. The Pizza Cupcake is a whole other pizza experience. Tisch make her offer also of $100,000 for an exchange of 40%. The companys average margin on a traditional box of donuts is about 50%. When Robert inquires about the calories, he discovers that the glazed doughnuts have 200, while the plain doughnuts have 150. Yes, the Doughp product is available online through its official website and on Amazon. The Dough Bars doughnuts are healthy because theyre baked and not deep-fried, separating them from their competition. Lets see which shark was interested in making a deal before we provide an in-depth Dough Bar update. Glaswegian Crag Carrick crossed a chicken nugget with a doughnut and came up with the Donug. In 2019, an article from The Coloradoan reported that The Dough Bar filed for chapter 11 bankruptcy. The company was 70% online and 30% retail with cost per unit being $0.99 and sold retail for $3.99 to $4.99. One box of donuts can cost customers about $15 and to make the donuts it costs the company about $7. Doughp is based in Las Vegas, Nevada. Curious, Alex asks Marquez the reasoning behind his drastic career change. She reduces her offer to $300,000 for a 25% stake. The sharks were quite impressed that they were already quite successful and wanted to know what changes theyd make after receiving the 300,000 USD in funding that they had asked for. Since their company had seen a lot of sales within six months, of over 1.2 million USD, they were confident that they would see an additional 1 million USD in 2018. It went down so well at food festivals that he took the idea to TV show The Shark's Tank where . January 29, 2018, 2:18 AM. A professional bodybuilder, Marquez explains that he is able to maintain his physique while still getting his fix because he eats Dough Bar doughnuts. To make bread, one can use baking powder or baking soda instead of yeast. Camille has a master's degree from Saint Joseph University's Writing Studies program, and she currently works as the Writing Center Assistant Director at a small university in western Pennsylvania. After launching in April 2015, The Dough Bar became a viable business. Despite not closing a deal with investors, the Doughp company gained valuable confidence from the positive feedback they received. Their website allowed customers to find protein-infused alternatives to shakes and bars, including doughnuts, cookies, and pastry rolls, which they sold in various flavors. With that, the attention once again goes towards the sharks, who are still enjoying their treats. Brian spoke about the three years already spent building up the platform and locations where Vengo was used, he told Kevin that he had negotiated contracts with the biggest vending company, and the biggest chocolate company, although he didnt mention any names. Freelance writer who loves dogs and anything related to Japanese culture. In reply, Marquez says that each doughnutcomplete with glaze and topping is 200 calories, while the bare doughnut is about 150 calories. It goes without saying that appearing on Shark Tank can completely change the trajectory of a business. Should you apply Do you wanna live your life to the fullest? Doughp has a total of 32 unique food items, including Crispy Donut Coated Cheeseburger, Calabrian Pizza, and European Taco. Work-life Balance and How to Manage Family and Business, How to start a business with no money | Creative ways to fund a business, Business Q & A with the Founders of NoBullCON ($69 Tickets On Sale Now), The Essential Leadership Skills to Be a Better Leader with Mike Panebianco, Why Building a Business is not for Everyone with Tiffany Cagwin, Ways to Prevent Your Business from Failing, The Power of Goal Setting and How to Achieve Goals, Business Trends You Need to Know for 2021 | Entrepreneur Tips, How To Improve Your Sales Process and Increase Business. Each doughnut has 11 g of protein. Lori was still unsure but Brian pushed a little harder. Brian continued by announcing that Vengo had taken vending machines away from the traditional image of big clumsy machines stuck in the dusty corner of a basement, and instead created a stylish slimline alternative, and with that Steve finally pulled back a curtain to reveal the Vengo vending machine. The Dough Bar was already quite successful by the time it appeared on Shark Tank and was met by a lot of interest from the sharks who saw its potential. And Should you find an investor? Doughp is a dessert company that serves every scoop with a side of curated self-love memories. The couple entered the Shark Tank to see if they could receive 300,000 USD for a 15% stake in the company and explained their interest in fitness to the sharks, who seemed interested. Before making its appearance on Shark Tank, The Dough Bar was an e-commerce business that sold nutritious doughnuts that were a much healthier option than their counterparts. Some have complained that the taste isnt that great and they are too expensive to eat on a regular basis, which has put them off completely. In fact, even many companies that werent able to secure a deal on the show were still able to grow thanks to the exposure they gained from their episode. The Doughp headquarters are based in Las Vegas, Nevada. Before we talk about the company and everything its been through over the years, I thought it would be helpful to explain exactly what The Dough Bar is. Should you go get a bank loan? Kelseyworked as a product marketer at Intel for ten years, but she had a dark past. At last the sharks seemed impressed. Since then, have things been as sweet? After the mind-blowing experience on Shark Tank, The Dough Bar co-founders decided to move their entire operation to Colorado in order to bring all production in house. Ondrea Siniari and Marques Fernandez are a couple whose main interest was in leading an active lifestyle, being mindful about what they eat, and indulging in occasional cheat treats, which led to the creation of their company. That would be long enough to test the proof on concept, but he would charge 7% interest on the loan, and also take 6% equity when it was repaid, in exchange for providing the loan. Two of the most popular flavors are the Apple Pie donut and the Cookie Butter donut. The idea was born of an opportunity to pay worship to the high-and-mighty chicken nugget. In 2018, they expected to make $1 million in sales. Keep reading to find out what happened to The Dough Bar after appearing on Shark Tank. Marques want to expand their marketing budget and improve the products shelf life to 3-4 weeks rather than days. A box of four doughnuts costs $15. Donugs's Net worth [year between appearing and now] 1.5 Million USD. You can find the other company updates from Season 9 Episode 20 here: Dont forget to take a look at our Season 9 products page! Many are warming up to the idea of healthier alternatives to desserts, and the company continues to see an upward growth trajectory. They decided to audition for the show a second time despite the fact that Ondrea was seven months pregnant and they had to drive eight hours for the audition. They created a blend of gluten-free flour, rice and coconut oil. Russian Series Masha and the Bear To Be Released in the U.S. The company was forced into filing for bankruptcy in 2019, but managed to recover and keep their business open. The two New Yorkers behind Pizza Cupcake went into the Tank seeking an investment of $125,000 in exchange for five percent equity. It was founded by Kelsey Moreira, who, after overcoming alcoholism and becoming sober in September 2015, decided to pursue her dream of starting her own business. Barbara Corcoran went up against fellow sharks Lori Greiner and Alex Rodriguez to try to get a deal, with Barbara winning for $300,000 for 20%. The presentation is excellent, and people love the idea of adding the toppings themselves. Additionally, the COVID-19 pandemic led to an increase in audience and sales for the company. Theyre not only baked (versus fried), but theyre also packed with protein! According to customer reviews, their products are delicious and healthy, allowing many bodybuilders and fitness enthusiasts to track their daily macronutrient consumption effectively. No, Doughp did not get an offer from Shark Tank Investors. As they examine the doughnut in their hands, Marquez explains that theyve chosen to provide them with their top two sellersthe Apple Pie Doughnut and the Cookie Butter Doughnut. For example, theres the touchless machine that you can control with your mobile phone and the DOOH Media, which transforms any device into an IoT screen. A husband-and-wife team of entrepreneurs . Camille's writing has been published on several websites, and she enjoys writing articles and short stories in her spare time. And in 2019, they successfully raised $7 million in equity funding, which brought the companys total funding to $12 million. Pitching their product, they ask the sharks what they think theyd look like if they ate donuts every day. Continuing with their pitch, it isnt long until a man breaks through the wall beside themliterally. And in a bittersweet reminder of the company's past success, leorick33 wrote, "Just watched your shark tank episode and was ready to buy. Following a failed audition, Ondrea and Marquez would show up on "Shark Tank" a year later, even thought they didn't rank among thebest "Shark Tank" episodesever. With more experience under their belt, they were more determined than ever to show off what theyd put together. Noticeably impressed, the sharks comment that they must know what theyre doingto which Ondrea states its all Marquezs work. Still, the company will likely adjust, improve, and expand to make its products more readily available to the general public. Donugs's Net worth before appearing on Shark Tank. In the end, their hard work paid off; it was later announced that they would be appearing in the ninth season of Shark Tank, Over half a year has passed since the couple pitched their high protein doughnuts on, In terms of where to buy their doughnuts, their products are now available in several retailers across the U.S. (whereas it was mostly sold through the website before the show). What Happened to Throx Following the Shark Tank Pitch? The products are sold in nutrition stores, gyms, and smoothie bars across the United States. This means that the company net worth had elevated. The Fernandez got a deal from Barbara for $300,000 for 20% stake of the company but they did not complete the deal. 2023 Geeksaroundglobe Powered by | All Rights Reserved. So, where did The Dough Bar land after Corcoran's generous funding, and how are they doing today? Yes, Doughp has an application form on their official website for people who want to join them in the firm. Not only does a deal come with a lot of financial support, but it also comes with advice from a Shark which can be priceless. They stood before the Sharks and ended up wheeling a deal with Barbara Corcoran. Save my name, email, and website in this browser for the next time I comment. That may sound a little harsh, but it is a relevant critique for someone who supposedly cares about the communitys health and wellness. Welcome to another episode of #Imalittlebuzzed. The Dough Bar serves customers in different nationwide such as New York, Colorado and California. Marquez and Ondrea were ultimately able to strike a deal with Barbara Corcoran who offered them $300,000 for 20% equity. They ultimately accepted Lori Greiner 's (investor in breaded . Gluten free crust pizza is made of organic eggs, tapioca flour, arrowroot powder, chia seeds, garbanzo bean flour and millet flour. The offers start flying as they share their two other goods, a gluten-free cake and a protein crispy bar. Doughp is good for a long period of time. Kelsey also has previous experience as an entrepreneur, having run a wine club prior to starting Doughp. Some of them located in New Jersey as well as Colorado. You can also get a dozen for 39 USD, which isnt that affordable to lower-middle-class incomes. They also showcased their machines at a meeting hosted by the Long Island Inventors and Entrepreneurs Club. In reply, Andrea states that each box of four sells for $15.50. 100,000 USD. You have entered an incorrect email address! According to Coloradoan, the company opened a brick-and-mortar location after online sales surpassed $2 million. But the company had also accumulated debt, and The Dough Bar filed for Chapter 11 bankruptcy in 2019, shortly after "Shark Tank" investor Barbara Corcoran backed the brand. To maintain this surge in business, additional staff were augmented to keep up the pace. Sleep Styler. 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