Back 9 Dips Buffalo Chicken Dip is the creation of David and Nique Mealy. They pitch the Shark Tank investors in Season 4, episode 404. David and Nique need one-hundred-fifty thousand dollars and are willing to give up fifteen percent of their company. They have created a protein-based dip.
Back 9 Dips features Buffalo Chicken Dip in Shark Tank
Back 9 Dips featured dip contains Chicken Breast, celery, BBQ sauce and cheese blended for dipping chips. They have done $400,000 in two years, and landed a primary Super Market and are hitting their numbers daily.
A one pound tub retails from $7.99 to $8.99. It costs them $2.52 to make and wholesales for $5.49. They have one-hundred-fifty thousand dollars invested in their business.
People will take a sample and keep walking and then turn around to find out what is in the dip.
Company: Back 9 Dips
Entrepreneur: David and Nique Mealy
Ask: $150,000 for 15% equity
Episode: Season 4 Episode 404
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 10/04/2012
From: Tampa, Fl
Deal: Robert Herjavec and Lori Greiner at $150,000 for 25% equity
What do the Shark Tank Investors say about Back 9 Dips
Mark Cuban said he is not good with food marketing into grocery stores, but he loves their product. He is out.
Daymond John said he didn't have enough knowledge of Big Chef Shake, and he made a ton of money, but he didn't have the confidence. Daymond is thinking of a deal, as Lori changes her mind and wants to come back in. She asks Daymond to go in with her on the deal for $150,000 at 25% equity.
Kevin O'Leary admires his stick-ability. An investment is a startup is a huge risk, so he is out.
Lori Greiner loves the dip, and she really likes David and Nique, but she doesn't know the Supermarket retail game, and so she is out. Lori Comes back in at $150,000 asking Daymond to go in, but he can't. Robert Herjavec steps up and says he will do the deal with Lori Greiner.
Robert Herjavec says here is the good, you know the product, but the bad is you need a partner who understands this market, and I don't know it. I am out.
Back 9 Dips after Shark Tank
Unfortunately, Back 9 Dips suffered greatly during a recall on some products that were used in their dips. They wound up shutting the company down.