![]() ![]() Even before The Cheese Chopper, Tate was no stranger to the world of business. He also gained his minor in Entrepreneurship. Prior to inventing The Cheese Chopper, Tate studied to gain his bachelor’s degree in Science in Business Administration from Oregon State University. Tate Koenig is the founder and CEO of The Cheese Chopper business. Furthermore, The Cheese Chopper is a great kitchen device to use when trying to get those perfect, neatly sliced pieces of cheese. These additions are safe to use and easy-to-clean without the consumer having to worry about them being scraped by them. Additionally, the Cheese Chopper comes with a slicer attachment and a grater attachment. This is because of its airtight seal around the opening of the container. This device can store a 2-pound block of cheese and is guaranteed to keep the cheese fresh for two times as long as a standard storage container or even a plastic wrap can. The Cheese Chopper is a three-in-one kitchen gadget that is used for grating, slicing, and storing blocks of cheese. ![]() The Cheese Chopper Now in 2023 – The After Shark Tank Update.'Shark Tank': Her parents came to America with only $100–now this founder landed a 6-figure deal with Mark Cubanĭisclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank.'Shark Tank': Why Mark Cuban, Lori Greiner fought to invest 6 figures in a 'fast pasta' restaurant.'Shark Tank': Daymond John threw Lori Greiner 'under the bus' to invest in this sneaker company.My wife, my family, everyone that pours their heart and soul into making such a great product – I'm disappointed for them that I couldn't bring home a deal, but I hope they're proud of me anyway," Scharfman said.Ĭheck out: The best credit cards of 2021 could earn you over $1,000 in 5 years "While I respect both Kevin and Lori's offers, I'm going to have to decline," Scharfman said, as he was worried about doing a royalty deal and hurting his cash flow.Īs for Cuban, Scharfman "politely and respectfully" declined, as he did not want to give away 15% of his company. I want 15%, no royalty."īut Scharfman declined to accept any of the three offers. I'll give you the half a million dollars for 15 cents a bar until I recoup $750,000," Greiner said.įollowing Greiner, Cuban said, "I'll offer you $500,000. But after back and forth between Scharfman and O'Leary, the two decided to step back in and make an offer. ![]() "I think this could be a fantastic business if you get more distribution."Īt first, O'Leary was the only Shark to make an offer – Greiner and Cuban initially declined to invest, citing high risk. "I'll give you the $500,000, but I want a 20-cent royalty per bar ," O'Leary said. O'Leary said, "That's terrible margins," but still wanted to make a royalty offer. It costs about 95 cents to make each two-bar pack, Scharfman said, and it retails for $1.27 a piece. Scharfman added that his family self-funded the company, putting in around $1 million in the business. "Year to date, we're at $3.7 million, and we still have four months of the year left" in 2019, he said, at the time of filming. First year in existence, we did $3.5 million in sales," Scharfman said during the episode. Next, the Sharks were curious about sales numbers. "I can't believe it's so simple," O'Leary said. I have to admit, I've had this before," Greiner said during the episode.
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