Jared Cannon left his 18-year career as a chef in 2017, and with a $1,000 loan, started"At Simply Good Jars, we are revolutionizing the packaged salad to create simply delicious meals," Cannon said during Friday's episode of ABC's "Shark Tank."
Simply Good Jars offers a variety of salad options, from cobb to smoked salmon to chicken quinoa. The jars sell for $8.99 to $10.99, depending on size, and it costs the company $2.50 to $3.60 to make each one, Cannon said."This salad is excellent," Daymond John said.But, they wanted to see if sales numbers backed Cannon's $7.1 million valuation, as he asked for a $500,000 investment in exchange for 7% equity in his company.
"Before Covid, the primary revenue driver for our business was really supported by this fleet of these smart coolers that we would put into places [like] hotels, airports, convention centers, office buildings, universities," Cannon said.
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