Nuts n More is an all natural, fortified, nut butter business that spreads its message in Shark Tank episode 420. Entrepreneurs Neil Cameron, Dennis Iannotti, and Peter Ferreira are fitness and nutrition experts that created the fortified nut butter business in 2011 in order to provide themselves and their fitness clients with a protein-rich, natural peanut butter. The Nuts n More nut butter spreads are creamier than other all natural nut butters due to a unique recipe and a process that assures the finest grind and smoothest texture. Nuts n More features peanut butter and almond butters in plain and chocolate varieties. They also offer seasonal flavors like pumpkin spice peanut butter. The products are available in over 40 locations nationwide and in Canada. The primary distribution areas are in the Northeast; Nuts n More is undoubtedly looking to the Sharks for help with distribution.
Nuts n More Shark Tank Recap
Neil, Dennis, and Peter came into the Shark Tank seeking $250k for a 20% share of their business. As of the date of taping, they have $100K in sales for the year and a purchase order from a large distributor they need cash to fulfill. They’re hoping to cut their production costs by making larger batches too. Daymond thinks their valuation is too assumptive, he’s out. Barbara likes the packaging, but she can’t stomach the valuation either; she’s out. Mr. Wonderful offers $250K for 264% of the company; he’s out. Robert offers $250K for 50%. Mark offers $250K for 35% with $75K up front and $175K to fund future purchase orders.
Mark asks Robert to team up with him and Neil, Dennis, and Peter step into the hall to discuss things. While there, Mark tells Robert taking a 50% stake would cause too many problems amongst Neil, Dennis and Peter. When the three entrepreneurs step back into the Shark Tank, they counter with 30%. Mark holds firm at 35% and Robert agrees to go in with him. Nuts n More makes a deal with Robert and Mark!
FINAL DEAL: Robert and Mark offer $250K for 35%; $75K will fund upfront orders with $175K in reserve for funding future PO’s.
Nuts n More Shark Tank Updates
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Nuts n More is featured in an update segment in episode 515 in season 5.