Ashley Kelly and Jorrae Beard observed something remarkable. The patrons of their restaurant enjoyed distinctive and vibrant tastes. However, numerous people were unable to locate these tastes in shops. The sisters found a solution. They developed Lulu Bang sauces. These sauces were made from scratch and full of taste. The sisters aimed to express their enthusiasm to the world.
Ashley Kelly and Jorrae appeared on Shark Tank. They requested $150,000 in return for 10% ownership of their business. The sisters thought this money would assist in expanding Lulu Bang. They envisioned broadening their impact. Will the entrepreneur get a deal on Shark Tank? Check out Lulu Bang’s update to find out!
Lulu Bang Net Worth Shark Tank Update 2025
Ashley Kelly and Jorrae Beard asked for a $150k investment in exchange for 10% equity in their company. This meant they valued Lulu Bang at $1.5 million. However, none of the sharks made a deal with the sisters. After the show aired, Lulu Bang saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Lulu Bang is about $2.2 million.
Following Shark Tank Lulu Bang attracted recognition. The company’s television visibility was beneficial. They generated $60,000 in sales in just 72 hours following the show. Lulu Bang quickly grew to additional locations. Their sauces could be found in more than 100 Walmart locations. ShopRite stores in nine states have also started to carry them.
In 2017 the sisters launched a temporary restaurant in West Philadelphia. It was named Lulu Bang Burgers & Wangs. Customers had the opportunity to sample dishes prepared with their unique sauces. However, the restaurant eventually shut down. Despite the obstacles Lulu Bang expanded. By the year 2024, the company’s income achieved between $1 million and $2 million. The sauces can still be found online and in physical stores.
No Lulu Bang did not get a deal on Shark Tank. The sisters asked for $150,000 for 10% equity. The sharks liked the taste of the sauces. But they had concerns about the business. The sharks felt the market was too competitive. They also thought the brand needed more work. None of the sharks made an offer.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
Lulu Bang Shark Tank pitch
Ashley Kelly and Jorrae Beard were raised in an environment filled with delicious food. They were inspired by the recipes from their family. The sisters enjoyed preparing food and sharing dishes with people. They observed that patrons in their eatery desired something different. Numerous sauces available in stores had a similar flavor. Individuals sought daring and thrilling tastes. This motivated the sisters to establish Lulu Bang.
Developing Lulu Bang was a challenging task. The sisters encountered numerous difficulties. Initially, they had difficulty identifying the appropriate flavors. They desired their sauces to be distinctive. Following experimentation and dedication they developed four distinct flavors. Everyone was filled with strong flavor.
Finances presented another obstacle. They required finances to create and promote their sauces. The sisters used their savings. They also put in significant effort to place their sauces in retail outlets. Walmart was among their earliest major choices. Yet even with Walmart, the experience was difficult. Entering the sauce market was challenging.
Despite the difficulties Ashley Kelly and Jorrae Beard persevered. They had faith in Lulu Bang. They aimed to share their family’s tastes with households all around. Their enthusiasm and resolve enabled them to achieve success.
The sisters made a strong pitch on Shark Tank. They introduced Lulu Bang as a line of bold and flavorful sauces. They explained how their sauces stood out. The flavors were inspired by family recipes. They were great for grilling, marinating, and adding flavor to meals. Ashley Kelly and Jorrae asked for $150,000 in exchange for 10% equity. They explained how the money would help grow the business.
Lulu Bang was already in 170 Walmart stores. But they needed funds to meet demand and expand. The sisters showcased four flavors. These were Original BBQ Bourbon Marinade It’s Just Hot and Asian Persuasion. They handed out samples to the sharks. The sharks enjoyed the taste. The sisters shared their production costs. Each jar cost $1.94 to make and sold for $3.99. Lulu Bang sold 500 units weekly across all stores.
The sharks posed numerous inquiries regarding Lulu Bang. Kevin O’Leary inquired about the rivals. He was curious about how Lulu Bang would differentiate itself in a competitive market. Ashley Kelly and Jorrae described their distinct tastes. They were convinced their sauces provided something unique.
Daymond John inquired about marketing. He was curious about how the sisters intended to market Lulu Bang. The sisters communicated their plan. They concentrated on sampling and gathering customer feedback. They thought that word of mouth would assist.
Robert Herjavec inquired about the packaging. He thought the packaging was perplexing. The sisters described their design decisions. They felt the packaging suited their brand. However, Robert believed it required enhancement.
Lori Greiner inquired about the sales. She was curious about the sales figures for Lulu Bang. The sisters exchanged their phone numbers. They sold 500 units each week across 170 Walmart locations. Lori felt impressed yet worried about the development.
Mark Cuban inquired about upcoming intentions. He was curious about how the sisters planned to utilize the investment. They articulated their vision. They aimed to grow to additional locations and enhance manufacturing.
The sharks talked about the difficulties in the sauce market. They acknowledged that achieving success was difficult. They also talked about the sisters’ enthusiasm and commitment.
The sharks gave mixed responses. Kevin O’Leary liked the taste of the sauces. But he worried about the competitive market. He decided not to invest. Daymond John appreciated the effort. But he knew the challenges of marketing a sauce. He also passed. Robert Herjavec did not like the packaging. He felt it would be hard to attract customers. He decided not to invest.
Lori Greiner thought the market was saturated. She did not see room for another sauce brand. She also passed. Mark Cuban praised the sisters for their work. He admired their achievements. However, he did not see a fit for himself as an investor. He decided not to invest. The sisters left without a deal. But they did not let this stop them. They continued to work on their business.
What Went Wrong With Lulu Bang On Shark Tank?
Lulu Bang encountered difficulties on Shark Tank. The sharks were worried about the market. They believed the sauce market was excessively competitive. This was highlighted by Kevin O’Leary and Lori Greiner.
The sharks were also worried about branding. Robert Herjavec believed the packaging was unclear. He believed it was not distinctive.
Another problem was sales. Although Lulu Bang achieved some success the sharks sought more compelling figures. They believed the brand required additional growth before investing.
Despite these difficulties, the sisters gained important insights. They utilized the feedback to enhance their business.
Product Availability
Lulu Bang provides four different flavors. These include Original BBQ Bourbon Marinade It’s Just Hot and Asian Persuasion. Every flavor is distinctive and vibrant. The sauces are excellent for grilling, marinating and preparing meals. They enhance the taste of every dish.
The sauces can be found online. Customers can purchase them from the company’s website. They can also be found in retail shops. Walmart and ShopRite sell the sauces. Prices fluctuate but stay reasonably priced. Buyers can also discover packages for additional savings.
Lulu Bang’s sauces enjoy a dedicated fan base. Numerous clients enjoy the strong tastes. The sauces offer a new perspective on classic barbecue and marinade recipes.
Conclusion
Lulu Bang’s journey on Shark Tank was challenging. The sisters did not get a deal. But they gained valuable exposure. This helped them grow their business. Lulu Bang continues to thrive. The company expanded its retail presence. The sauces are available in many stores. They also sell online. The sisters remain passionate about their products.
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.
