What is Pan’s Mushroom Jerky?
Michael Pan founded the Vegan Mushroom Jerky brand, Pan’s Mushroom Jerky. He also appeared in the popular show ABC, Shark Tank seeking a deal of at least $300,000 for 10% equity of his company. Recently in a few years plant, based-diet and vegetarianism became most famous. So that’s why Pan’s Mushroom Jerky arrived on the market; customers are very excited to taste that. In 2022, Pan’s Mushroom Jerky net worth is around $1.6 Million.
|Company based on:||Plant-based meat jerky alternative made from shiitake mushrooms|
|Founded by:||Michael Pan|
|Proposed Deal by Owners:||$300,000 for 10% equity|
|Owners’ Valuation:||$3 Million|
|Shark who Secured Deal:||Mark Cuban|
|Shark’s Offer:||$300,000 for 18%|
|Pan’s Mushroom Jerky net worth 2022:||$1.6 Million|
What does the company Pan’s Mushroom Jerky DO?
The company Pan’s Mushroom Jerky sells plant-based Mushroom Jerky. The products are the perfect snack for vegans while being paleo-friendly, Kosher, soy-free, and gluten-free.
HOW WAS THE PANS MUSHROOM JERKY IDEA BORN?
When Michael Pan visited Malaysia, he introduced the product and started the Mushroom Jerky Company.
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Almost his family members are vegetarian Buddhists. Michael’s cousin let him try the dish. Micheal said that he first thought he was eating meat because of the texture.
Shark Tank Deal: Pan’s Mushroom Jerky
Michael Pan appeared in Shark Tank for the sixth episode in Season 12, seeking $300,000 for 10% of his vegan mushroom jerky – a $3 million valuation.
He sold his product to the team and explained that his product was very cheap to create. The profit margin of this product is very high.
Mark Cuban made him an offer of $300,000 for 18% equity of the company. Michael Pan was just too happy to accept that.
WHERE PANS MUSHROOM JERKY NOW
Pans Mushroom Jerky achieved great success after the success of the Shark Tank episode. The products Mushroom Jerky is made in Portland, Oregon, and can be found in over 1000 stores across the USA. The popular stores include Walmart, Whole Foods, and Ralphs.
The seven flavors of Shitaki Mushroom Jerky include Zesty Thai, Applewood BBQ, Salt & Pepper, Teriyaki, and Curry flavors. The products are not only available in these stores, but they also buy quickly from their online shop or Amazon.
What is Mushroom Jerky made out of?
When making mushroom jerky, there is a lot of realities of mushroom. The most popular mushroom used for mushroom jerky is Portobello Mushrooms, Shiitake Mushrooms, Oyster Mushrooms, and King Oyster Mushrooms.
Mushroom Jerky Taste
Shiitake mushrooms make mushroom Jerky because of their meaty texture and savory, meat-like umami taste.
Pan’s Mushroom Jerky Net worth 2022 / Pan’s Mushroom Jerky’s Salary / Income
In 2022, Pan’s Mushroom Jerky net worth is estimated at $1.6 million after Mark Cuban invested $300,000 for an 18% stake. The company made $750,000 in sales in the year. According to Michael, the episode was aired, the sales of mushroom jerky reached $650,000, and within the next four days, it reached $1 million. Michael Pan’s net worth in 2022 is $900,000.
Current Business Status of Pan’s Mushroom Jerky’s
After appearing on Shark Tank, Pan’s Mushroom Jerky has proliferated. After the appearance of one weak in Shark Tank, to sell out its tasty vegan mushroom jerky snack. The company has grown and increased the team from 10 to 30 people to facilitate its growth and push inventory.
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