The goal of Simply Good Jars is to simplify healthy eating. A unique salad in a jar was made by chef Jared Cannon. Though he understands that not everyone has the time to prepare salads or eat healthily on the move he still loves to create them. He therefore devised a method for keeping salads fresh and prepared for eating while you’re occupied. These returnable jars benefit the environment as well because the corporation provides lunch for a hungry person.
Jared brought Simply Good Jars to Shark Tank in an attempt to acquire funding to expand his company. He requested $500,000 for a 7% stake in the business. His goal was to showcase his goods to the Sharks and encourage more people to savor fresh and healthy food. Will the entrepreneur get a deal on Shark Tank? Check out our Simply Good Jars update to find out!
simply good jars Net Worth Shark Tank Update 2025
Jared Cannon asked for a $500,000 investment in exchange for 7% equity in his company. This meant he valued his company at approximately $7.14 million. He made a deal with Mark Cuban and Lori Greiner for $500,000 in exchange for 10% of his company. This new deal valued his company at $5 million. After the show aired, Simply Good Jars 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 Simply Good Jars is about $7.32 million.
After appearing on Shark Tank, Simply Good Jars continued to expand. The business has continued to grow and is still in operation. It is expected that Simply Good Jars will generate over $4 million in revenue yearly by 2024. GoPuff and the company are also partners. This implies that consumers can use GoPuff’s service to have Simply Good Jars delivered straight to their homes.
Jared’s company fared well throughout the COVID-19 pandemic despite a few obstacles. When locations like hotels and airports were empty he got creative and began coming up with new ideas for selling his salads. In order to produce more salads Simply Good Jars also built a new packaging factory in Florida. They even launched a new line of delicious snacks called All Day Parfaits.
On Shark Tank, Simply Good Jars did indeed land a deal. Jared requested $500,000 for a 7% stake in his business. He ultimately decided to give up 10% of his business after some back and forth. Mark Cuban and Lori Greiner of the Sharks were the ones who made the deal.
They enjoyed Simply Good Jars and wanted to see it expand even more. So they partnered up to invest in the company. Jared’s offer convinced Mark and Lori that people would be interested in purchasing salads in a jar. They gave Jared the money he needed to grow and succeed with his business.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Daymond John | Out | N/A | N/A |
| Lori Greiner | $500,000 as a loan with an interest rate of 9.5%, plus 7% equity | 500,000 for 8% equity | Yes |
| Kevin O’Leary | $500,000 as a loan with an interest rate of 9.5%, plus 7% equity | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | $500,000 as a loan with an interest rate of 3%, plus 7% equity | #1 500,000 for 8% equity#2 500,000 for 10% equity | Yes to 2nd |
Simply Good Jars Shark Tank pitch
It was Jared Cannon who founded Simply Good Jars. As a chef who enjoys creating salads. He discovered that many individuals struggle to eat healthily, particularly when they are limited in time. Jared was motivated to find a solution. He made a salad that was kept fresh in a jar for this reason. Making it simpler for folks to grab a nutritious meal when they don’t have time to prepare was his simple concept.
In the beginning, Jared encountered some difficulties. It was up to him to discover how to keep the salads from becoming too soggy and from going bad. Finding a way to get his jars in front of potential customers was another task he had to complete. Jared kept going. He kept working hard to make his dream come true.
Jared was prepared to demonstrate to the Sharks how his salad jars operated when he entered Shark Tank. He clarified that using Simply Good Jars was a simple and healthful approach to improving one’s diet. He explained to the Sharks that his salads are prepared fresh and preserved in certain jars. He also mentioned that his business was performing well prior to the pandemic but COVID-19 forced them to change how they supplied salads.
Jared requested $500,000 from the Sharks in return for 7% of his business. He clarified that he needed the funds to expand his company and increase the number of jars he sold. While the Sharks were impressed by his idea, several doubted the company’s ability to make money in the future.
Jared was questioned extensively by the Sharks on Simply Good Jars. They were interested in learning how much money he was earning as well as the expense of producing the salad jars. Jared informed them that the cost of making each jar ranges from $2.50 to $3.50 and he charges $9 to $11 for them. He added that the wholesale price he charges for the jars is between $5 and $6.
The number of jars Jared had sold caught the interest of the Sharks as well. Jared informed them that he had made nearly $475,000 in revenue by the time of the show. He additionally told them that the company was losing money as a result of the high operating costs. Though he wasn’t making a profit yet Jared was optimistic that Simply Good Jars would grow and become successful.
The Sharks’ opinions on Jared’s company were divided. Robert Herjavec and Daymond John were among those who hesitated from investing due to concerns that the business might continue to lose money. It seemed too risky to them.
Jared was offered a loan by Kevin O’Leary rather than an investment. He intended to lend Jared $500,000 with a 9.5% interest rate and 7% equity. But Jared objected to the thought of having to pay a high interest rate on a loan.
Afterwards, Mark Cuban and Lori Greiner joined together to present a stronger bid. Jared was given $500,000 in exchange for 10% of Simply Good Jars. Jared agreed to it since he felt it was a good bargain. Jared was eager to continue developing because he had two Sharks on his side.
What Went Wrong With Simple Good Jar On Shark Tank?
Not every Shark was interested in the deal Jared received from Mark and Lori. Daymond and Robert left because they thought the company was losing too much money. At the time they didn’t consider it to be a wise purchase.
Jared rejected Kevin O’Leary’s offer as well since he was unwilling to take on a high-interest loan. Jared was not only searching for a loan. He was also looking for investors who shared his vision for the company’s growth and future.
Ultimately, Jared discovered the ideal Sharks in Mark and Lori, who were eager to contribute and support the company’s growth.
Product Availability
There are still Simply Good Jars available now. They are available for purchase both in-store and via delivery services like GoPuff. You can find out more about the company’s products and where to get them on its website.
The new All Day Parfaits offer possibilities for those who would want a sweet treat in addition to a variety of flavours in the salad jars. A jar costs approximately $9 to $11, depending on where you purchase it. The goal of Simply Good Jars is to make eating healthily easy for everyone, especially on the go.
Conclusion
After its appearance on Shark Tank Simply Good Jars have advanced significantly. Jared Cannon’s company is expanding and he is still driven to fulfil his goal of making nutritious food simple to obtain. Simply Good Jars has grown and now serves even more clients because of Mark Cuban and Lori Greiner.
Jared’s business is still doing well. It serves fresh salads in jars, recycled jars for environmental benefit, and feeds the hungry. We’re excited to see what new inventions and products Simply Good Jars come up with in the future. Their future appears bright.
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.
