Mad Mutz Mozzarella Sticks Net Worth Shark Tank Update 2025

For a long time, mozzarella sticks have been pretty dull and unexciting appetizers. They usually come from frozen packages and are made with low-quality cheese that doesn’t taste great.

Many restaurants and grocery stores have just stuck with these same boring products without trying anything new. But then, Mike Halk from New Jersey appeared on *Shark Tank* with a fresh and exciting idea: Mad Mutt’s Fresh Mozzarella Sticks. Mike’s mozzarella sticks are different because he uses fresh mozzarella instead of the typical processed cheese.

This has allowed him to create gourmet sticks with unique flavors like truffle-infused and a colorful version called “Unicorn,” which is appealing for its rainbow colors. He even makes a super spicy variety called “Lucifer,” which is made with extremely hot Carolina Reaper peppers!

Mad Mutz Mozzarella Sticks Net Worth Shark Tank Update 2025

Mike Halk asked for a $150k investment in exchange for 5% equity in his company. This meant he valued his company at $3 million. He made a deal with Lori for $150k in exchange for 15% of his company. This new deal valued his company at $1 million. After the show aired, Mad Mutts 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 Mad Mutts in 2025 is about $1.61 million.

He was looking for $150,000 in exchange for 5% of his company, which would value his business at $3 million. While the Sharks loved the taste of the mozzarella sticks and were impressed by the exciting flavors, Mike’s presentation of his business numbers left them puzzled.

Although the product was a hit with flavors, there were questions about the financial side of things. So, let’s take a closer look at what happened during this interesting episode of Shark Tank involving these delicious cheese sticks.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Barbara Corcoran	$150,000 for 20% equity, contingent on getting a vendor reorder	N/A	No
Lori Greiner	$150,000 for 20% equity	$150,000 for 15% equity	Yes
Kevin O’Leary	Out	N/A	N/A
Daymond John	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Mad Mutz Mozzarella Sticks Shark Tank Pitch

Mike Halk is an experienced entrepreneur from New Jersey, having started with a college laundry business and later launching Tony Baloney’s, a successful pizza and sub chain making $7 million a year across four locations and two food trucks.

In 2010, he created a unique mozzarella stick product called Mad Mutts after a farmer’s market asked for “mozzarella bangers.” To develop this product, Mike learned how to make cheese and came up with a fresh mozzarella recipe. What sets Mad Mutts apart from typical mozzarella sticks is:

– They use fresh mozzarella sourced from a single supplier.

– The crust is handmade and comes in various flavors, like truffle panko.

– The product features bold flavors that you can’t easily find in other mozzarella sticks.

Today, Mad Mutts has achieved notable sales figures, making $152,000 in 2023 with a profit margin of 52%. They had also made $168,000 in sales up to that point in 2024, secured purchase orders from Restaurant Depot and Performance Food Group, and even attracted interest from 7-Eleven.

When pitching his product to sharks, Mike emphasized his goal of revolutionizing the frozen mozzarella stick market, which he described as being filled with low-quality options. The Sharks appreciated the quality of the product but had concerns about how the business was structured and its long-term sustainability.

Queries + Shark’s Responses, and Final Deal

Kevin liked the product but thought it was too early for investment and was confused about how it would be distributed. He wasn’t impressed with the company’s $3 million valuation and decided not to invest.

Mark was interested in investing until he found out that the calorie information on the packaging was misleading. It claimed only “50 calories,” while the founder admitted it was actually between 180-230 calories. This frustrated Mark, who emphasized the importance of accurate labeling, leading him to back out of the investment.

Daymond appreciated the entrepreneur’s effort but felt the product wasn’t a good match for his investment portfolio, so he decided not to invest.

Barbara made an offer of $150k for 20%, but it came with a condition: she would only invest once the company had secured a significant reorder of their product. However, when the entrepreneur struggled to clearly communicate, she became more confused and eventually decided not to invest.

Lori saw potential in the frozen food aspect of the sticks. She believed that the product would do well in her existing frozen food categories and made a firm offer. After some negotiation, where the entrepreneur tried to reduce her stake, he ultimately accepted her original proposal. 

Product Availability

If you’re looking to buy Mad Mutts, you can buy them directly at any of their restaurants. They are also available at certain stores that get their supplies from Restaurant Depot or PFG. You can purchase them through their official website.

In terms of pricing, the wholesale cost starts at around $5.50 per stick, while the retail price for regular customers is about $20 per stick.

What Happened To Tony Boloney’s Mad Mutz Laboratory  After Shark Tank?

After appearing on Shark Tank, a business often receives updates on how things have progressed since the show. Lori assisted the company in getting their frozen food products into more stores. They introduced new flavors to their product line, including one called Buffalo Bleu Cheese. 

Although the business is still running, it hasn’t become a major success that everyone knows about. The main way they sell their products is still through a company called Tony Baloney’s.

Conclusion 

Mad Mutts is a company that launched a new and exciting snack, shaking up a market that had become dull and uninteresting. Their unique snack was so appealing that Sharks appreciated it, although one of their flavors, called “Lucifer,” was extremely spicy and caused some discomfort for them.

Lori made a deal with Mad Mutts, which helped the company gain some traction in the market. However, the growth of the company has been steady rather than skyrocketing. 

The key takeaway from this situation is that having a great product is important, but running the business effectively and keeping track of numbers is crucial for success.

Mike, likely the founder or leader of Mad Mutts, had a fresh and innovative idea, but without focusing on the fundamental aspects of business, like sales, marketing, and financial management, his chances of success were compromised. In other words, even a fantastic idea can struggle if the business side isn’t managed properly.