Brass Roots Shark Tank Episode S14 E12 Update & Net Worth

Brass Roots Shark Tank Episode S14 E12 Update & Net Worth

Brass Roots is a snack brand that aims to provide a healthy, allergen-free alternative to traditional snacks by using sacha inchi seeds—a nutrient-dense seed known as the Incan peanut. Founded by Aaron Gailmor in 2019, the company is based in New Orleans, Louisiana, and partners with farmers in Thailand and Laos to source their primary ingredient.

During his appearance on Shark Tank Season 14, Episode 12, Aaron sought $400,000 for 7% equity, valuing the company at $5.7 million. Unfortunately, despite a lively presentation featuring a New Orleans band, Aaron left the tank without a deal.

However, Brass Roots has continued to grow, and as of the latest update, the company has an estimated net worth of $5.7 million.

What is Brass Roots? How Does it Work?

Brass Roots is a snack food company that specializes in products made from sacha inchi seeds, also known as the Incan peanut. These seeds are rich in protein, fiber, and omega-3 fatty acids, making them a healthier alternative to nuts like peanuts and tree nuts, which are common allergens.

 The company’s mission is to provide a nutritious, allergen-free snack option that can be enjoyed by everyone, especially those with nut allergies.

The product line includes a variety of snacks such as Roasted Sacha Inchi Seeds, Sacha Inchi Butter, and Crunch Puffs. These snacks are organic, keto-friendly, vegan, and low in FODMAPs, making them suitable for a wide range of dietary needs. The sacha inchi seeds used by Brass Roots are sourced from ethical farms in Southeast Asia, ensuring that the products are not only healthy but also sustainable.

Each product is carefully crafted to offer maximum flavor while maintaining its health benefits. For instance, the Lightly Salted Sacha Inchi Seeds are one of the brand’s best-sellers, offering a savory snack option that is both filling and nutritious. Despite their health benefits, the snacks are sold at a premium price, with a single bag retailing for $17.99 and costing about $5.00 to produce.

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Brass Roots Shark Tank Episode S14 E12: What Happened at Shark Tank Pitch?

When Aaron Gailmor entered the Shark Tank with a lively New Orleans band, he made a strong first impression on the sharks. Aaron’s pitch highlighted the growing problem of peanut and tree nut allergies, which have led to many schools banning these common allergens.

 He presented Brass Roots as a solution, offering snacks made from sacha inchi seeds that taste similar to peanuts but are far healthier and safer for those with allergies.

Aaron shared the company’s growth trajectory with the sharks, revealing that Brass Roots had generated $35,000 in revenue in 2019, which grew to $250,000 in 2020, and then doubled to $500,000 in 2021.

By 2022, the company was on track to reach $1.5 million in gross revenue. Despite these impressive numbers, Aaron admitted that the company was not yet profitable, with cash reserves of only $100,000 and a monthly burn rate of $20,000 to $30,000.

While the sharks were impressed with the product and its potential market, the high production costs and lack of profitability were concerning. Daymond John was particularly surprised by the high cost of producing the snacks, which sell for $17.99 per bag.

Although Daniel Lubetzky expressed initial interest, he ultimately decided that the business was not investable at that moment. In the end, all the sharks declined to make an offer, and Aaron left the tank without a deal.

Brass Roots Shark Tank Pitch Summary

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What Happened to Brass Roots After Shark Tank?

Even though Brass Roots did not secure a deal on Shark Tank, the exposure from the show provided a boost in visibility for the brand. After the episode aired in January 2023, the company saw an increase in customer interest and sales, particularly through online platforms like Amazon and their official website.

Brass Roots has continued to expand its retail presence, with products now available in major health-food retailers such as Sprouts Farmers Market and Whole Foods Market. The company has also announced plans to introduce new products, including a Sacha Inchi Bar, which will further diversify their product lineup.

Despite the challenges highlighted during their Shark Tank appearance, Brass Roots has shown resilience and determination to grow. The brand remains committed to offering healthy, allergen-free snacks that cater to the growing demand for nutritious, plant-based foods.

How Much Is Brass Roots Worth?

As of the latest update, Brass Roots has an estimated net worth of $5.7 million. This valuation reflects the company’s growth trajectory and the increasing popularity of its products. Since its launch in 2019, Brass Roots has generated approximately $2.2 million in lifetime sales, with revenue doubling year over year.

The company’s focus on health-conscious consumers and those with dietary restrictions has helped it carve out a niche in the competitive snack food market. With continued expansion into major retail chains and a growing online presence, Brass Roots is well-positioned for future growth.

The snack food industry is highly competitive, with many brands vying for consumer attention. However, Brass Roots has managed to differentiate itself by offering a unique product made from sacha inchi seeds, which are not only nutritious but also less likely to trigger allergies compared to traditional nuts.

Is Brass Roots Still in Business?

Yes, Brass Roots is still in business as of April 2024. The company continues to operate out of its headquarters in New Orleans, Louisiana, where it employs a small team of 2-10 people. Despite not securing a deal on Shark Tank, Aaron Gailmor and his team have remained focused on growing the brand and expanding its reach.

The company has successfully navigated the challenges of scaling a snack food business and has established a strong presence in the market. Brass Roots products are available in Sprouts Farmers Market, Whole Foods Market, and other health-focused retailers across the United States. The brand has also gained a loyal following online, with products available for purchase on Amazon and the company’s website.

The rebranding of Brass Roots to emphasize its commitment to healthy, allergen-free snacks has resonated with consumers, helping the company to maintain its momentum in a competitive industry.

Which Episode & Season Number Was Brass Roots on Shark Tank?

Brass Roots was featured in Season 14, Episode 12 of Shark Tank. The episode aired on January 20, 2023, and showcased the company’s unique approach to addressing the growing problem of nut allergies by using sacha inchi seeds as a healthy alternative.

 Although Aaron Gailmor did not secure a deal with the sharks, the appearance provided valuable exposure for the brand, which has since continued to grow and thrive in the market.

FAQs

Who is the founder of Brass Roots?
The founder of Brass Roots is Aaron Gailmor, who launched the company in 2019 after seeking healthier food options for his father, who had a heart attack.

What are Brass Roots snacks made from?
Brass Roots snacks are made from sacha inchi seeds, which are rich in protein, fiber, and omega-3 fatty acids, making them a healthier alternative to traditional nuts.

How much did Brass Roots ask for on Shark Tank?
Aaron Gailmor asked for $400,000 for 7% equity in Brass Roots during his Shark Tank appearance.

Did Brass Roots get a deal on Shark Tank?
No, Brass Roots did not secure a deal on Shark Tank, but the company has continued to grow and expand its retail presence.

Is Brass Roots still in business?
Yes, Brass Roots is still in business as of April 2024 and continues to sell its products in major health-food retailers and online.

What is Brass Roots’ net worth?
As of the latest update, Brass Roots has an estimated net worth of $5.7 million.