Chef Shawn Davis established CBS Foods to produce shrimp burgers. He aimed to introduce a fresh and delicious product to shops nationwide. He required assistance to expand his business. That’s the reason he appeared on Shark Tank. He proposed $200,000 to the Sharks in exchange for 25% of his company. Shawn had faith in his product and wished the Sharks would as well.
He had previously sold 22,000 units. He aimed to have his shrimp burger available in every grocery store. Will the entrepreneur get a deal on Shark Tank? Check out the Packback update to find out!
CBS Foods Net Worth Shark Tank Update 2025
Shawn Davis went on Shark Tank asking for $200,000 for 25% of his company. This meant he thought his business was worth $800,000. He did not make a deal with any Shark. The episode was aired on March 11, 2011. After the show, his shrimp burger business gained major attention but later pivoted into a restaurant chain that eventually shut down. The product line is no longer active. The current net worth of CBS Foods is $0 in 2025.
After Shark Tank CBS Foods had some success. They made some sales and got outside investments. But in the end, CBS Foods went out of business. They could not keep up with the competition. The company stopped selling its shrimp burgers. CBS Foods is no longer operating as of today in 2024. Although it was a good idea it couldn’t grow as planned.
No. CBS Foods did not get a deal on Shark Tank. Chef Shawn Davis asked for $200,000 in exchange for 25% of his company. But none of the Sharks were interested. They all had reasons to pass. Mark Cuban liked the product but said he couldn’t help in the food business.
Barbara Corcoran didn’t like shrimp. Kevin O’Leary was concerned about low margins. Robert Herjavec did not like the valuation of the company. Daymond John also liked the burgers but didn’t think the business was worth the investment. Sadly Chef Shawn left Shark Tank without a deal.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
CBS Foods Shark Tank pitch
Chef Shawn Davis created CBS Foods to share his shrimp burgers with the world. He wanted to make something different. He thought shrimp burgers could replace beef burgers. Shawn started by making burgers for small restaurants and local stores. He was known as “Chef Big Shake” and wanted to build a food brand. In the beginning, it was tough. The shrimp burgers were hard to make.
Finding the right price was another challenge. Shawn also had to figure out how to get the product into stores. He worked long hours to make the business grow. But the idea of serving something new to people kept him going. Even though he faced many problems he didn’t give up. His love for food and making something unique inspired him every day. Eventually, he found a way to make the burgers and sell them. This is how CBS Foods was born.
Shawn entered Shark Tank with a specific objective. He sought $200,000 for a 25% stake in CBS Foods. He thought the shrimp burgers had the potential to be significant. He began by explaining his business to the Sharks. He mentioned that his burgers were doing great in sales. They marketed more than 22,000 units. The majority of the sales were made to small restaurants and stores.
Shawn mentioned that the burgers were crafted with premium shrimp. They served as a nutritious substitute for beef burgers. He took pride in his product. He subsequently offered each Shark a sample. The Sharks sampled the burgers. They appeared to enjoy the flavor. Following the taste test Shawn detailed the expenses involved in preparing the burgers. The production cost for each one was $0.87.
They were sold at $1.63. He wished this cost would aid in the growth of the business. Shawn thought his shrimp burger could be available in every grocery store. He had previously sold some to several shops. He was enthusiastic about what lay ahead and sought assistance for growth.
The Sharks posed numerous inquiries regarding the product. Kevin O’Leary inquired about the expense of producing the burgers. Shawn informed him that each burger cost $0.87. Kevin mentioned that the cost was not inexpensive. Shawn stated that they charged $1.63 for every burger. Robert Herjavec inquired whether the company was profitable. Shawn mentioned that it wasn’t time yet but he expected significant orders soon.
He anticipated receiving orders for 600 cases of shrimp burgers and 300 cases of lobster sliders from a pair of supermarkets. Daymond John inquired about the size of the market. Shawn mentioned his desire to have his burgers available in every grocery store. He aimed to create a billion-dollar company. Kevin O’Leary inquired whether the product was yielding profit. Shawn mentioned that the firm was expanding.
However, the Sharks still sought additional information. They were curious whether the product could be scaled. Shawn attempted to clarify that the item was more than merely a burger. It was a brand with promise. He mentioned that the business has the potential to develop into a large food corporation. Yet the Sharks remained uncertain.
Following the questions the Sharks expressed their opinions. Mark Cuban stated that he appreciated the product. However, he believed he couldn’t contribute to the food sector. He stepped outside for this reason. Barbara Corcoran had no desire to work with shrimp. She likewise believed the business wasn’t suitable for her. Thus she also went out. Kevin O’Leary was concerned about the profit margins.
He believed the business might not be generating sufficient revenue. Kevin was also unhappy with the storage fees. Thus he stepped outside. Robert Herjavec appreciated the product but disagreed with its valuation. He believed CBS Foods was not as valuable as Shawn claimed it to be. He also went out. Daymond John remained the final Shark who still had an interest. He enjoyed the product but felt the company wasn’t worth the cost.
He also requested a larger portion of the company. Shawn increased his proposal to 30% and subsequently to 40%. However, Daymond still declined. He didn’t believe the business could expand sufficiently. Ultimately Shawn departed without making a deal. All the Sharks had gone by.
What Went Wrong With CBS Foods On Shark Tank?
CBS Foods did not get a deal because the Sharks had concerns. They thought the business was not profitable. They worried about the cost of making the burgers and the price of storage. They also thought the company’s valuation was too high. Daymond John liked the burgers but couldn’t get past the price. The Sharks didn’t see enough potential in the business. They all decided to pass on the offer. Without a deal from the Sharks CBS Foods had a tough road ahead.
Product Availability
The shrimp burgers were available in small stores and restaurants. CBS Foods sold the burgers directly to these places. The product was not available in big stores or supermarkets. After appearing on Shark Tank the company hoped to expand. But they faced problems with getting into larger stores. CBS Foods had a website where customers could buy the product. But it did not reach as many people as planned.
The shrimp burger was priced at $1.63 each. The company tried to keep the cost low while still making a good product. But after Shark Tank CBS Foods couldn’t keep up with the competition. They are no longer in business today.
Conclusion
CBS Foods had an interesting product but faced many challenges. Chef Shawn Davis worked hard to build his business. He believed his shrimp burgers could be a hit in every supermarket. But the Sharks did not see the same potential. They passed on the deal because of concerns about the margins and valuation. After the show, CBS Foods had some success but eventually closed down.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
