“I’ve worked with many concepts on their cross-coast expansions-and I bring network of incredible founders like Guy who continue to inspire and mentor each other through their growth.
“This investment is also right up my alley,” he adds. He works incredibly hard and has limitless passion.” “But what really got me to invest was Chef Guy himself. Any non-vegan I know who has tried Beyond Sushi became a fan at the first bite,” Higgins says in a statement to QSR. “Of course I was blown away by the food itself. Vaknin accepted the offer after trying to counter at 12 percent. Additionally, inventor and entrepreneur Lori Greiner joined the deal. Vaknin came in asking for $1.5 million for 25 percent of Beyond Sushi’s upcoming West Coast venture and 5 percent of its established East Coast restaurants.Īfter drilling Vaknin on everything from profit level to mission statement, Higgins stood firm at $1.5 million in exchange for 30 percent of the West Coast business and 15 percent East Coast. Higgins, who sees more than 100 deals come across his desk each month, according to Forbes, didn’t tip his hand too quickly, though. READ MORE: Five restaurants that struck it big after Shark Tank. Vaknin says after the show, Higgins told him simply, “I’m so happy you came in.” New to the show’s 10th season, Miami Dolphins vice chairman Matt Higgins, of private investment firm RSE Ventures, holds stakes in fast casuals like &pizza, David Chang’s Momofuku empire, and Bluestone Lane.
#BEYOND SUSHI LOCATIONS SERIES#
He walked through the doors of ABC’s iconic series hoping to strike a partnership that wouldn’t just grow the six-unit concept in its homebase of New York City, but help it scale across the coast with a potentially explosive California footprint.Īnd Vaknin knew he was pitching to the perfect Shark.
He even assigned a team to watch over the website in case it crashed.īut unlike many Shark Tank pitches, especially those on the product side, Vaknin says the short-term upsurge wasn’t the long-term plan. Vaknin made sure his six restaurants were properly staffed and stocked up on product. The online ordering went a bit “cuckoo,” Vaknin says, as website business doubled and third-party delivery skyrocketed 70 percent. In the week following Beyond Sushi’s October 21 Shark Tank appearance, the vegan concept watched day-to-day sales explode 40 percent. As much as Guy Vaknin saw the spike coming, it still wasn’t easy to hold it together.
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