Buena Papa French Fry Bar Shark Tank Episode 4 Update & Net Worth

Buena Papa French Fry Bar Shark Tank Episode 4 Update & Net Worth

Buena Papa French Fry Bar entered Shark Tank Season 15, Episode 4 with an exciting and innovative concept—turning traditional french fries into a flavorful, loaded main dish inspired by Latin-American flavors.

 Founders James and Johanna Windon, a dynamic husband-and-wife duo, presented their french fry franchise business with hopes of landing a deal to help expand their growing empire. Their unique offering? Fresh-cut fries loaded with diverse, delicious Latin toppings, transforming a simple side into a hearty and flavorful meal.

James and Johanna sought $400,000 for 7% equity in their business, but after an intense round of negotiations, they struck a deal with Robert Herjavec for $400,000 in exchange for 19% equity. This investment not only provided financial backing but also paired them with a shark who believes in their brand’s potential to grow nationwide.

As of 2024, Buena Papa’s net worth is growing rapidly, fueled by the expansion of its franchise locations and viral popularity. The company currently operates three locations, with a fourth soon to launch in Miami.

What is Buena Papa French Fry Bar? How Does it Work?

Buena Papa French Fry Bar is an innovative dining concept that takes one of America’s most beloved side dishes—french fries—and turns it into a main course with Latin American-inspired toppings. Each dish starts with 33 ounces of fresh-cut fries as the base, followed by a variety of creative toppings that bring bold, flavorful combinations to life.

The menu includes options like fries topped with pulled pork, guacamole, beans, cheese, and more, creating a loaded dish that’s hearty enough to be a meal on its own. The brand’s name, “Buena Papa,” translates to both “good people” and “good potato,” reflecting their commitment to good food and community spirit.

Buena Papa’s business model revolves around building franchise locations across the U.S., allowing local owners to bring these unique fry dishes to their communities. The franchise fee is $29,500, with a royalty fee of 8% on sales.

The brand has already gained popularity through TikTok, where a viral video amassed over 60 million views, drawing massive attention to their unique take on french fries.

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Buena Papa French Fry Bar Shark Tank Episode 4 Season 15: What Happened at Shark Tank Pitch?

During their appearance on Shark Tank, James and Johanna Windon pitched their dream of expanding Buena Papa French Fry Bar nationwide. Seeking $400,000 for 7% equity, they explained how their franchise concept is built on taking humble french fries and elevating them into gourmet meals with a Latin twist.

The sharks were impressed by their passion and the food’s flavor. Lori Greiner loved the concept but didn’t feel it was the right investment for her, so she declined to make an offer. Mark Cuban was intrigued until the couple mentioned their franchise model, which he believed could harm the business’s long-term prospects. He too bowed out.

Kevin O’Leary praised the food but declined, citing personal health choices as his reason. Barbara Corcoran liked their business strategy but felt they were already on the right path and didn’t need a shark’s help, so she opted out as well.

Ultimately, it was Robert Herjavec who took a chance on the couple. He initially offered $400,000 for 20% equity, but after some back-and-forth negotiations, they agreed on a deal for $400,000 in exchange for 19% equity. This partnership provided the financial support and strategic mentorship needed to scale their business.

Buena Papa French Fry Bar Shark Tank Pitch Summary

What Happened to Buena Papa After Shark Tank?

Following their Shark Tank appearance, Buena Papa French Fry Bar received a surge in publicity, leading to a spike in sales and interest from potential franchisees. Robert Herjavec’s investment enabled the brand to expand more aggressively, and the exposure from Shark Tank brought more customers through their doors.

Buena Papa continues to operate three thriving locations: two in Raleigh, North Carolina, and one in an arena. They are also in the process of opening their fourth location in Miami, Florida. The company plans to keep growing by opening more franchise locations across the U.S. and potentially internationally.

The brand’s viral TikTok success also played a major role in its post-Shark Tank growth. Their video featuring their signature dishes garnered 60 million views, driving traffic to their restaurants and creating a buzz that still resonates with customers today.

How Much Is Buena Papa Worth?

As of 2024, Buena Papa’s net worth is estimated to exceed $2 million. Their business is fueled by strong sales from their brick-and-mortar locations, which are projected to generate $2 million in revenue this year. Their highly profitable margins, thanks to a $3.50 cost per dish and $13.50 sale price, have made their french fry bars financially successful.

With new locations planned and the potential to franchise nationwide, Buena Papa’s valuation is expected to continue rising in the coming years, particularly as they expand their presence in key markets like Miami.

Is Buena Papa Still in Business?

Yes, Buena Papa French Fry Bar is still in business and thriving. The company has grown steadily since its inception in 2021, and they are actively expanding by opening new locations. Their franchise model has allowed them to attract new business owners who share their vision for turning fries into gourmet meals.

The brand continues to be a hit with customers, especially due to their Latin-inspired toppings and fresh, high-quality fries. With their fourth location opening soon and plans to franchise across the U.S., Buena Papa is on track to becoming a nationally recognized brand.

Which Episode & Season Number was Buena Papa Shark Tank?

Buena Papa French Fry Bar appeared on Shark Tank Season 15, Episode 4, which aired on October 21, 2023. Founders James and Johanna Windon pitched their french fry franchise business and secured a deal with Robert Herjavec, who invested $400,000 for 19% equity in the company.

FAQs

What is Buena Papa’s signature dish?
Buena Papa specializes in loaded french fry dishes, where 33 ounces of fresh-cut fries are topped with Latin-inspired ingredients like pulled pork, guacamole, beans, and cheese.

Did Buena Papa get a deal on Shark Tank?
Yes, Buena Papa secured a deal with Robert Herjavec for $400,000 in exchange for 19% equity.

How much does it cost to open a Buena Papa franchise?
The franchise fee for a Buena Papa French Fry Bar is $29,500, with a royalty fee of 8% on sales.

What is Buena Papa’s estimated net worth?
As of 2024, Buena Papa’s estimated net worth exceeds $2 million, driven by its franchise success and projected sales growth.

Where is Buena Papa located?
Buena Papa operates three locations: two in Raleigh, North Carolina, and one in an arena. They are also opening a fourth location in Miami, Florida.

How much does it cost to make a Buena Papa dish?
It costs $3.50 to make one of Buena Papa’s signature dishes, and they are sold for $13.50, offering strong profit margins.