Enjoying a fresh, delectable, and mess-free seafood boil with loved ones is the ultimate seafood experience. However, preparing a seafood boil may be a lot of work.
Obtaining fresh seafood, choosing the appropriate seasonings, figuring out the cooking method, and, of course, handling all the cleanup afterward are all necessary. Because it’s too difficult and messy, many seafood boil enthusiasts avoid preparing it at home.
Pam Grundy came up with the idea for Topsail Steamer in order to address these issues. Pam had a straightforward but excellent idea: give people a hassle-free way to enjoy restaurant-caliber seafood boils at home. Fresh fish, pre-cut veggies, and a variety of spices are all included in Topsail Steamer kits.
On Shark Tank, Pam introduced her ready-to-cook seafood kits to the Sharks. She requested $350,000 for 8% of equity. Did the entrepreneur get a deal on Shark Tank? Check out our TopSail Steamer update to find out!
TopSail Steamer Net Worth Shark Tank Update 2025
Pam Grundy asked for a $350,000 investment in exchange for 8% equity in her company. This meant she valued Topsail Steamer at $4.375 million. She made a deal with Lori Greiner and Todd Graves for $350,000 in exchange for 18% of her company, which adjusted the company valuation to $1.94 million. After the show aired, Topsail Steamer 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 Topsail Steamer in 2024 is about $3.09 million.
As for TopSail Steamer update, Particularly among seafood enthusiasts and coastal towns, Topsail Steamer has continued to expand and gain popularity since its Shark Tank appearance. The business has grown and is still in operation as of today. People may now enjoy their seafood boil kits even more easily thanks to Topsail Steamer’s several locations along the US East Coast and online shipment.
To reach a wider audience, the business has made investments in streamlining its operations, maintaining the freshness and quality of its ingredients, and growing its internet presence. Topsail Steamer is still dedicated to its goal of making seafood boils easy and affordable for everyone who appreciates delicious seafood without having to deal with the hassles of cleaning, preparing, and shopping.
Yes, Topsail Streamer got the deal on Shark Tank. All the sharks liked the product but only Todd and Lori teamed up and offered $350,000 for 20% equity. After some negotiation, Pam accepted the offer for 18% equity.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Todd Graves | $350,000 for 20% equity | N/A | No |
| Lori Greiner and Todd | $350,000 for 20% equity $350,000 for 18% equity | $350,000 for 16% equity | Yes |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
TopSail Steamer Shark Tank Pitch
Growing up in a coastal region where seafood boils were a common family get-together, Pam Grundy, the founder of Topsail Steamer, has always had a passion for seafood. Although she was aware that not everyone had the time or means to prepare such feasts at home, she nevertheless enjoyed the pleasure of eating fresh fish. She founded Topsail Steamer because she wanted to make seafood boils enjoyable for everyone, everywhere, without requiring a lot of preparation work.
Early on, Pam had to deal with issues like finding fresh seafood and maintaining the pricing of high-quality ingredients affordable for patrons. In order to ensure that her kits remained fresh throughout shipping, she also had to oversee quality control and logistics. In spite of these obstacles, Pam’s passion for seafood boils, and her dedication to bringing people together kept her going.
For those who wish to enjoy seafood boils at home without the trouble, Pam offered the Topsail Steamer as the ideal option. Fresh seafood, veggies, and a spice blend are all carefully packaged in a bucket that can be placed straight into a pot of boiling water as part of every Topsail Steamer kit. Customers may avoid all of the purchasing, preparation, and dirty cleanup with this practical method.
Pam requested $350,000 from the Sharks in return for 8% of her business. She emphasized her current clientele on the East Coast and her intentions to reach a wider audience by accepting online purchases and opening more locations. Her goal was to make Topsail Steamer accessible to all seafood enthusiasts by offering a fun and simple way to enjoy seafood boils at home.
Keep reading our TopSail Steamer update to see what happens next!
In Lori Greiner’s question, the entrepreneur replied that the average price of the product was $177.
Daymond John asked about the cost of the product. The founder replied that for each order, the cost of goods sold is 40% of the order price.
Kevin O’Leary questioned how many bricks and Mortar you have. The founder replied they have 8 in the different regions.
Todd Graves asked about the sales. The founder reveals confidently that she did $4.5 million last year and expects to do $5.7 million this year.
Mark Cuban asked, how they intend to manage shipping costs with fresh seafood. Pam responded in order to keep expenses under control, Pam clarified that she had already formed alliances with reputable vendors and was concentrating on constructing sites near her clientele.
Kevin O’Leary asked, are your margins high enough to make this profitable with the cost of fresh seafood in reference to the profit margins. Pam acknowledged that her profit margins weren’t particularly great, Pam highlighted her dedication to utilizing only the best ingredients, which she felt made her product stand out.
Mark Cuban cited logistical and scalability issues as reasons for not investing.
Kevin O’Leary: Although he liked the idea, Kevin didn’t think the profit margins were high enough to justify a significant investment.
Daymond John thought the product was convenient and tasted good, but he felt it didn’t fit into his portfolio.
Lori Greiner and Todd Graves teamed up and offered $350,000 for 20% equity. After some negotiation, Pam accepted the offer for 18% equity.
Product Availability
From our TopSail Steamer update research, Both the company’s physical facilities around the East Coast and their website TopSail Steamer offer Topsail Steamer kits for sale. Fresh fish, vegetables, and spices are all included in a bucket with each kit, making it simple for clients to prepare meals at home.
With possibilities for both small and large groups, the costs vary according to the type of seafood and the serving size. Topsail Steamer is a great option for seafood enthusiasts nationwide because it also allows online ordering, enabling clients to get seafood boil kits delivered straight to their houses.
Conclusion
For those who appreciate seafood but don’t want to deal with the hassle, Topsail Steamer offers a creative alternative. The business is doing well now, with more locations and a rising clientele. Topsail Steamer demonstrates that an original and well-considered product may occasionally succeed even in the absence of a Shark deal. It will be interesting to watch how Topsail Steamer develops in the future, possibly branching out into new regions or adding more seafood selections to help even more people enjoy seafood boils.
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.
