All of us like good snacks, but all too frequently, our favorite foods turn out to be bad. Snacks like chips, cookies, and candy are high in sugar, carbohydrates, and bad fats. It can be difficult for many people to locate a snack that is both tasty and healthful.
Zack Schreier and Nick Hamburger spotted an opportunity there. They aimed to provide a guilt-free, healthier substitute for traditional potato chips that would satiate appetites. This is how they developed Quevos, a low-carb, high-protein snack produced from egg whites.
To get funding to expand their company, they brought their creative snack to Shark Tank on Season 12. With striking statistics and a powerful pitch, they asked for $200,000 for 5% equity in their business. Did the entrepreneur get a deal on Shark Tank? Check out our Quevos update to find out!
Quevos Net Worth Shark Tank Update 2025
Zack Schreier and Nick Hamburger asked for a $200k investment in exchange for 5% equity in their company. This meant they valued their company at $4 million. They made a deal with Daniel Lubetzky for $200k in exchange for 10% equity, plus a $200k line of credit. This new deal valued their company at $2 million. After the show aired, Quevos 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 Quevos is about $3.66 million.
Quevos experienced a significant increase in success following its appearance on Shark Tank. The company had already made $660,000 in sales at the time of their proposal. After the event, Quevos’ distribution grew from 400 retail locations to over 1,500, including renowned establishments like Whole Foods and The Vitamin Shoppe. Within eight months of the show airing, the company’s yearly sales likewise soared, rising from $1.3 million to $3.2 million.
Daniel Lubetzky, who struck the transaction with Quevos, invested an extra $1.35 million in the business to support its further growth in a follow-up on Shark Tank Season 13. Another significant event for the company occurred in 2023 when Joe Oblas, co-founder of Stryve Foods and Prosupps, purchased Quevos.
Yes, on Shark Tank, Nick and Zack were successful in landing a transaction. They ultimately agreed with Daniel Lubetzky, although they had first demanded $200,000 for 5% equity. Daniel gave them a $200,000 line of credit and $200,000 for 10% equity. Following some deliberation, Nick and Zack accepted Daniel’s offer since they believed that his background with KIND Bars made him the ideal candidate to support the expansion of their line of nutritious snacks.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Daniel Lubetzky | 1# $200,000 for 10% equity2# $300,000 for 12% equity | 1# $300,000 for 10% of equity stake 2# $200,000 for 10% equity + $200,000 as a line of credit | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $200,000 for 2.5% stock, which included a $0.10 royalty per bag | N/A | No |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Quevos Shark Tank pitch
A personal obstacle marked the start of Nick and Zack’s trip. Finding healthful and tasty food was challenging for Zack because he has Type 1 diabetes. He was looking for a nice, satisfying snack that was low in carbohydrates. He then began experimenting with egg whites, which are low in carbohydrates and abundant in protein.
He and Nick eventually developed a recipe for egg white chips after a lot of experimentation. They never gave up in the face of early setbacks, like high production costs and few supplies. Quevos was founded because of their unwavering dedication to developing a nutritious snack substitute.
Quevos was created by Nick and Zack as a healthier snack option for consumers. They emphasized their chips are low in carbohydrates and high in protein because they are manufactured from egg whites. They had successfully financed their business on Kickstarter and had $660,000 in sales at the time of their pitch.
They were selling the chips at a solid profit margin, and their manufacturing expenditures were minimal, costing only $0.83 a bag. In order to grow their business and boost production capacity, the pair was looking for $200,000 for 5% stock.
Robert Herjavec questioned their sales last year. The founders replied they did $260,000 in sales last year and $660,000 in the first seven months of this year. They launched in 2018.
Mark Cuban inquired how they sell their products. The founders revealed that 80% of their sales are online and 20% are retail. They are available at 400 stores.
Mark Cuban Further asked about the cost of the product. The founders responded it costs $0.83 to make a bag and they sell it to distributors for $1.50. They sell it online for $2.5 to $3.
Kevin O’Leary enquired about sales figures and profit margins, expressing admiration for the $2.49 per bag of margins.
Daniel Lubetzky enquired about production difficulties and the product’s scalability.
Mark Cuban questioned if the product could compete in the competitive snack industry and whether it had the potential for long-term growth.
Lori Greiner praised the product’s taste and nutrients, saying that she was already a customer and a fan.
Daniel Lubetzky, who saw Quevos as a product that could follow in the footsteps of his own firm, KIND Bars, was impressed by the product’s potential and offered $200,000 for 10% stock plus a $200,000 line of credit.
Nick and Zack didn’t like Kevin O’Leary’s offer of $200,000 for 2.5% stock, which included a $0.10 royalty per bag.
Mark Cuban chose not to take part because, although he admired the product, he didn’t think it was a good fit for him.
Lori Greiner stepped out as well because she thought Daniel’s offer was superior, even if she liked the product.
Ultimately, Nick and Zack agreed to Daniel’s offer because they thought his background with KIND Bars would help them expand their brand.
Product Availability
Quevos chips are sold in over 1,500 locations and online. They are available at well-known supermarket stores like Wegmans, Whole Foods, and The Vitamin Shop. Quevos is also available for purchase on Amazon and the business’s official website Quevos, if you like to shop online. The price of each bag of chips, which typically ranges around $2.99 per bag, reflects the high-end, healthful character of the product.
Conclusion
Since its Shark Tank pitch, Quevos has advanced significantly. With sales rising from $1.3 million to over $3.2 million in less than a year, what began as a straightforward concept for a healthy snack has developed into a flourishing company. With an extra $1.35 million investment and Daniel Lubetzky’s backing, Quevos is growing and reaching new markets.
Joe Oblas even purchased the business, demonstrating the product’s high potential in the market for healthy snacks. Quevos supporters might expect more fascinating advancements as the business grows.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
