✓ Got a deal Out of business Season 10, Ep. 7 🍽️ Food & Drink

Oatmeals on Shark Tank

Oatmeals is a cafe concept serving oatmeal bowls with a variety of sweet and savory toppings. It is aimed at diners looking for quick, customizable meals built around oats in a casual setting.

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⏱ Oatmeals in 30 seconds

The ask$500K for 20%Valued at $2.5M
In the tankDeal: $500K for 33.3%With Lori
After the showDeal fell throughDidn't close after taping
TodayClosedThe New York oatmeal cafe closed on January 24, 2021, during the Covi…

Oatmeals Shark Tank deal

Asked for: $500,000 for 20%
Asking valuation: $2.5M
Result: Deal
Final deal: $500,000 for 33.3%
Deal valuation: $1.5M
Shark: Lori Greiner
Founders: -
From: -
Aired: Dec 2, 2018

Asked

$2.5M

Got

$1.5M

Would you have invested in Oatmeals?

The pitch

The founders pitched Oatmeals in Shark Tank Season 10, Episode 7 (aired Dec 2, 2018). They asked for $500,000 in exchange for 20% equity, valuing the business at $2.5M. The entrepreneurs walked away with a deal from Lori Greiner: $500,000 for 33.3%. That put the final valuation at $1.5M, 40% below what they originally asked for.