Goodlove Foods is rolling on the dough.
The Gluten Free Baking Company, based on Longmont, signed a $ 150,000 contract last week from Lori Greiner, a “Queen of QVC”, for 18%of the business in the “shark tank”.
GOODLOVE, 2021 Husband and his wife DINELE DIONG and Justin Beaver, feders frozen, prepared cinnamon rolls, puff pastry, butter milk biscuits and pizza crust.
According to GOODLOVE’s website, each package is sold for $ 11.99 in six stores in the front range, including LEEVERS LOCAVORE in Denver.
But DIONG said 85%of GOODLOVE sales rose to $ 12.99 online online.
DIONG, which has Celiac Disease, said, “For five years we want to be a necessity for the grocery store.
DIONG said GOODLOVE in Sharks had $ 360,000 in revenue 12 months ago. She expects the project to exceed $ 500,000 in 2024 and expect $ 1.5 million in 2025, gaining 20% of the latter.
DIONG requested $ 150,000 in 5% stake in the ABC show, asking for retail expertise and production support. In the 2,400 -square -foot facility in Longmont, which opened in 2023, Goodlove manufacturer said that more than 80,000 cinnamon rolls were cut.
Other sharks were scared with a large amount of consumer purchases with a Goodlove SHIP package equipped with costly dry ice. DIONG said margin was 75%and 25%without delivery.
But Greiner did not abandon the fragrance.
Her other food -related shark tank investment, especially pizza cupcakes and frozen farmers, says “millions, millions,” she said.
She thinks Goodlove can join the group.
She told the DIONG, “I will take you anywhere. I think you should be anywhere. “My vision for you is that you are known as a gluten -free brand for baking.”
