Quevos Egg White Chips Update | Shark Tank Season 12

Andrew Smith August 11, 2023September 3, 2023

Oftentimes, our favorite snacks ultimately end up being bad for us. Because of this, Nick Hamburger and Zack Schreier got together to create a healthy snack alternative. Will they earn a deal on Shark Tank Season 12? Find out in our Quevos update!

Shark Tank Quevos Update

Entrepreneurs: Nick Hamburger and Zack Schreier
Business: Healthy chips made from egg whites
Ask: $200,000 for 5% equity
Result: $200,000 for 10% equity and $200,000 line of credit deal
Shark: Daniel Lubetzky

Quevos chips appeared on Shark Tank Season 12 Episode 11 and was pitched by 22-year-old founders Nick and Zack. The chips were designed to be a healthier option than regular potato chips, and are made from egg whites.

Amazon product

They are high in protein and low in carbs, and in turn, are more filling than most other chips on the market.

Initially funded through a KickStarter in 2018, things have gone well for Nick and Zack and they managed to earn $260,000 in sales in 2019.

Further, at the time of the Quevos Shark Tank pitch, the company had done $660,000 in sales with a few months still left in the year.

In addition to this great success, Nick and Zack have been able to lower manufacturing costs enough to have solid margins per bag.

It currently costs $0.83 to make a bag, leaving them with a $2.49 profit margin per bag. They also shared that they are currently making the bags themselves due to high quotes from co-packers.

All of this was enough to interest Kevin O’Leary and guest shark and KIND Bar founder, Daniel Lubetzky.

Kevin offered $200,000 for 2.5% equity along with a $0.10 royalty until $400,000 is paid back.

Daniel took a different approach and offered $200,000 for 10% equity and $200,000 as a line of credit.

Lori Greiner shared that she is already a customer and thinks Daniel gave them a great offer, so she dropped out.

Mark Cuban liked the idea but shared that he just wasn’t sold and decided to drop out.

After thinking it through and some failed counters, Nick and Zack decided to accept Daniel’s deal!

Do the guys manage to grow their success now that they have a shark on their side? Keep reading our Quevos update to find out!

In terms of a Quevos update, since appearing on Shark Tank the company has gone from being in 400 retail stores to over 1,500 stores and has sold more than $3 million in product.

You can find Quevos in stores like The Vitamin Shop, Whole Foods, Mariano’s, Wegman’s, and more.

In just eight months after Shark Tank, Quevos went from $1.3 million in sales to $3.2 million in sales

Further, during an update in a Season 13 episode, Daniel Lubetzsky told Nick and Zack that he’d be investing an additional $1.35 million in the company. Then, in early 2023, Quevos was acquired by Joe Oblas, the co-founder of Stryve Foods and Prosupps.

If you want to grab some Quevos chips online, they’re available on Amazon, as well as on the Quevos website.

Before you go, be sure to check out some of our other company updates from Episode 11.

Further, for more Season 12 company updates, be sure to check out our Season 12 Products page.

Andrew Smith

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!