Bagels were a favorite of Nick and Elyse Oleksak. They were always eating bagels. Their goal was to make the traditional bagel better. Nick had a dream one night. Little bagel balls stuffed with cream cheese were the object of his desire. Nick shared his dream with Elyse. They chose to bring the concept to life. They produced Bagels Bantam. These were little bagels with cream cheese inside.
Making bagels easier to consume was their goal. New York City is where the pair launched a little store. The bagels were a huge hit. The bagels gained a lot of popularity. Elyse and Nick desired to expand the company. They appeared in season six of Shark Tank. They requested 275,000 dollars for 11 % equity. They provided the sharks with samples. Will the entrepreneur get a deal on Shark Tank? Check out the Bantam Bagels update to find out!
Bantam Bagels Net Worth Shark Tank Update 2025
Nick and Elyse Oleksak went on Shark Tank asking for $275,000 for 11% of their company. This meant they thought their business was worth $2,500,000. They made a deal with Lori Greiner for $275,000 for 25%, lowering the valuation to $1,100,000. The episode was aired on January 16, 2015. The mini stuffed bagel brand was later acquired by T. Marzetti Company and continues to sell nationwide. Using the viral/heavy-traction method, the current net worth of Bantam Bagels is estimated to be around $30–35 million in 2025.
Bantam Bagels quickly expanded following Shark Tank. Lori Greiner assisted them in growing the company. The bagels gained a lot of popularity. They began retailing in Starbucks locations nationwide. On flights, Delta Air Lines provided its bagels. Many supermarket shops carried the bagels as well. The business was sold for $34 million in 1818.
After selling, Nick and Elyse continued to be engaged. Elyse put a lot of effort into building the brand. By the year 2022, Bantam Bagels was still doing well. In the year 2203, the company’s website began to fail. They still sell their items in stores today.
It’s true that Nick and Elyse were given a Shark Tank deal. 275 thousand dollars for 11 % equity was what they requested. The sharks had questions but appreciated the product. Lori Greiner reached an agreement after considerable discussion. In exchange for twenty-five % equity, she offered $275,000. The agreement with Lori was accepted by Nick and Elyse.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | $275,000 for 51% equity | $275,000 for 25% equity | N/A |
| Lori Greiner | $275,000 for 30% equity | $275,000 for 25% equity | Yes |
| Kevin O’Leary | $275,000 for 50% equity | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Bantam Bagels Shark Tank pitch
Nick and Elyse Oleksak are from New York City. They both loved bagels. Bagels are a popular food in New York. Nick and Elyse ate bagels often. They wanted to make bagels more fun and easy to eat. One night Nick had a dream. He dreamed of small bagels with cream cheese inside. The idea was new and exciting. Nick told Elyse about his dream. They decided to create the product. They wanted to bring the dream to life.
It was not easy at first. They worked hard to make the recipe perfect. They wanted the bagels to taste fresh. They also wanted the cream cheese to stay inside. They tried many times to get it right. They started selling their bagels in a small shop. The shop was in New York City. Many customers loved the bagels. People liked the idea of bagel balls with cream cheese. Nick and Elyse wanted to grow their business.
They needed help to expand. That is why they went on Shark Tank. Nick and Elyse were excited to share their idea with the sharks. They believed in their product. They wanted to find an investor who could help them. They opened a little shop where they began selling homemade bagels. It was a store in New York City. The bagels were a hit with many patrons. The concept of bagel balls with cream cheese was well received.
Elyse and Nick desired to expand their company. They required assistance in order to grow. They appeared on Shark Tank for that reason. Elyse and Nick were eager to present their concept to the sharks. They had faith in their goods. Their goal was to locate a helpful investor.
With assurance, Nick and Elyse entered the Shark Tank. They couldn’t wait to present their concept. They presented the product to the sharks. They told a story of how Bantam Bagels came to be.
Nick discussed his dream. He described how he pictured little bagel balls filled with cream cheese. Elyse described how they collaborated to produce the final piece. The sharks were given samples to try.
The bagels were favored by the sharks. The bagels tasted excellent, in their opinion. Elyse and Nick described the bagels’ preparation. They claimed to be offering them for sale at their store. Bagels were also offered for sale online.
Two hundred seventy-five thousand dollars was what Nick and Elyse requested. Eleven % of the company’s shares were offered. They said they required the funds in order to expand. Their kitchen needed a makeover. They also desired to make their website better.
The pitch was heard by the sharks. The product was loved by certain sharks. The business strategy was unclear to other sharks.
The sharks had many questions. They wanted to know more about the bagels and the business. Kevin O’Leary asked about the cost. He asked how much it cost to make one bagel ball. Nick said it cost around thirty cents to make each bagel. Kevin said this was a good cost. He asked if they could make the bagels cheaper. Nick and Elyse said they wanted to keep the bagels high-quality.
Mark Cuban asked about sales. He wanted to know how many bagels they sold. Nick and Elyse said they sold bagels in their shop. They also sold bagels online. They said they needed more money to grow. Robert Herjavec asked about their plan to grow. Elyse explained the vision. She said they wanted to sell in more stores. They also wanted to sell in coffee shops like Starbucks. The sharks liked the product.
But some are worried about the risk. They said the food business is very competitive. “They wanted to sell in more stores,” she stated. Selling at coffee shops like Starbucks was another goal of theirs. The product was favored by the sharks. However, several were concerned about the danger. They stated there is fierce competition in the food industry.
The sharks’ reactions to the pitch varied. Although they appreciated the goods, several sharks did not make any proposals. Robert Herjavec and Mark Cuban left early. They said that the food industry is too challenging.
The first person to make an offer was Barbara Corcoran. She found the product appealing. But she desired greater equality. She proposed to give 51 % of the stock in exchange for $200,000. A similar offer was made by Kevin O. Leary. A fifty % ownership was offered by him for $275,000.
Elyse and Nick felt that these offers were excessively costly. They were reluctant to part with so much of their business. Then Lori Greiner offered. For thirty % equity, she made an offer of $275,000.This seemed like a better bargain to Nick and Elyse. They requested that Lori reduce her offer to 25% stock. So did Lori. Lori’s offer was accepted by Nick and Elyse. They believed she was the most qualified shark to assist them in expanding their company.
What Went Wrong With Bantam Bagels On Shark Tank?
Not every shark offered to buy Bantam Bagels. A few of the sharks left early. Robert Herjavec and Mark Cuban stated that they have no interest in investing in the food industry. They mentioned it’s really difficult to make a living in the food industry.
Offers were made by Barbara Corcoran and Kevin O. Leary. But their demands for justice were excessive. Elyse and Nick were unwilling to part up half of their business.
The danger was the primary issue. The sharks were concerned about the costs of expanding the company. But Lori Greiner had faith in the product. She recognized the possibilities. She negotiated with Elyse and Nick.
Product Availability
Small bagel balls are called bantam bagels. Cream cheese is stuffed inside each bagel. There are several flavors available. There are delicious tastes. There are savory flavors as well.
The bagels gained quite a following after Shark Tank. They began retailing in Starbucks locations nationwide. The bagels were served on flights operated by Delta Airlines. The bagels were also available at a lot of supermarkets.
The business website is currently down. The bagels are still available in shops, though. They are available at a lot of supermarkets. You may find them in the freezer area.
The shop determines how much Bantam Bagels cost. The majority of people can afford them. Many patrons like them for breakfast or as a snack.
Conclusion
It all began with a dream for Bantam Bagels. Elyse and Nick put a lot of effort into realizing their ambition. People adored the stuff they produced. On Shark Tank, they struck a deal. Lori Greiner assisted them in expanding the company.
Bantam Bagels is a success today. The business sold for millions of dollars. Their goods are still available for purchase. Elyse and Nick demonstrated that huge ideas may be contained in tiny containers. Be sure to check your local shop for Bantam Bagels.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
