Boarderie Shark Tank Episode 7 Update & Net Worth
Boarderie Shark Tank Episode 7 Update & Net Worth Boarderie is a unique company that delivers pre-arranged, catering-quality cheese and charcuterie boards directly to customers’ doors. The founders, Rachel Solomon and Aaron Menitoff, appeared on Shark Tank Season 14, Episode 7, where they sought $300,000 for 5% equity in their business. After an intense negotiation,…
Boarderie Shark Tank Episode 7 Update & Net Worth
Boarderie is a unique company that delivers pre-arranged, catering-quality cheese and charcuterie boards directly to customers’ doors.
The founders, Rachel Solomon and Aaron Menitoff, appeared on Shark Tank Season 14, Episode 7, where they sought $300,000 for 5% equity in their business. After an intense negotiation, they struck a deal with Lori Greiner for $300,000 in exchange for 9% equity.
With Lori on board, Boarderie has gained the expertise and resources needed to scale their operations and continue growing their business.
What is Boarderie? How Does it Work?
Boarderie specializes in ready-to-eat, pre-arranged cheese and charcuterie boards. These high-quality boards are curated with a selection of artisan cheeses, meats, nuts, dried fruits, and crackers, sourced from various countries including Italy, France, Spain, and the United States. The boards are shipped fresh, ensuring that customers receive a product that is ready to serve upon arrival.
The business operates on a direct-to-consumer model, making it easy for customers to order these gourmet boards online for personal use or as gifts. They also cater to corporate clients, offering a convenient solution for business gifting.
Boarderie Shark Tank Episode 7 Season 14: What Happened at Shark Tank Pitch?
During their Shark Tank pitch, Rachel Solomon and Aaron Menitoff presented their business and its rapid growth, particularly during the pandemic when their previous catering business was forced to pivot. They revealed that their cheese and charcuterie boards had generated $1.8 million in sales in 2021 and were on track to reach $4 million by the end of 2022.
The sharks were impressed by the high-quality product and the rapid scaling of the business. However, there were concerns about the margins and the capital-intensive nature of the business. Kevin O’Leary and Barbara Corcoran made offers, but it was Lori Greiner who ultimately secured the deal at 9% equity for $300,000.
Boarderie Shark Tank Pitch Summary
| Company Name | Boarderie |
| Founder | Rachel Solomon and Aaron Menitoff |
| Product | Pre-arranged, catering-quality cheese and charcuterie boards |
| Amount Asked For | $300,000 for 5% equity |
| Final Deal | $300,000 for 9% equity |
| Investor | Lori Greiner |
| Season & Episode | Season 14, Episode 7 (Shark Tank USA) |
| Lifetime Sales | $4 million estimated |
| Business Status | In Business |
| Current Net Worth | $10 million estimated |
What Happened To Boarderie After Shark Tank?
After securing a deal with Lori Greiner, Boarderie experienced a significant surge in sales and visibility. The exposure from Shark Tank led to a spike in website traffic and orders, particularly during the holiday season.
Within just two days of the episode airing, the company received over 100,000 visitors to its website and was inundated with orders, which they managed to fulfill in time for Thanksgiving.
Lori’s involvement has also helped the company refine its marketing strategies and improve its operational efficiencies. Boarderie continues to expand its reach, offering its products nationwide and maintaining a strong presence in the corporate gifting market.
How Much Is Boarderie Worth?
As of 2024, Boarderie is estimated to be worth around $10 million. This valuation reflects the company’s rapid growth, strong sales figures, and the strategic investment from Lori Greiner. The business has successfully carved out a niche in the gourmet food market and continues to grow its customer base.
Is Boarderie Still in Business?
Yes, Boarderie is still in business as of January 2024. The company operates out of its West Palm Beach, Florida headquarters and employs between 50 to 100 employees. Boarderie continues to offer its high-quality cheese and charcuterie boards to customers across the United States, maintaining its reputation for excellence and innovation in the edible gifting market.
Which Episode Number was Boarderie Shark Tank?
Boarderie was featured on Shark Tank Season 14, Episode 7, which aired on November 18, 2022. The episode highlighted the entrepreneurial journey of Rachel Solomon and Aaron Menitoff, showcasing their pivot from a traditional catering business to a thriving e-commerce model that delivers gourmet cheese and charcuterie boards nationwide.
