According To – CupBop Shark Tank Wikipedia, Height, Biography 2023 Wiki, Net Worth, Cupbop Shark Tank Net Worth is $200 Million USD: Take a look at CupBop Wage, its founder, and different particulars. As of the latest Shark Tank replace, Cupbop has an annual gross sales earnings of $37 million. Cupbop is a Korean barbecue street-food model that emerged in Season 13 and obtained a $1 million funding from Mark Cuban for five% possession.
Since Cupbop’s arrival on Shark Tank, Cupbop has develop into admiringly profitable and intends to open 15 extra shops throughout the US. Should See Gameface Shark Tank Net Worth.
Cupbop Shark Tank Replace
When Cupbop was pitched on Shark Tank, the corporate made $18 million yearly from 15 shops. Now, they make $64 million from 49 shops. Mark Cuban helps them add new places month-to-month and reinvest their earnings into the enterprise.
Cupbop goals to have 100 shops and make $100 million in income by the top of subsequent 12 months. The quick meals chain has partnered with ‘Qu’ for fast service know-how options in any respect its retailers and vehicles.
What started as a meals truck bringing Korean flavors to Salt Lake Metropolis has developed right into a restaurant chain with 49 places in six states. Cupbop plans to broaden globally by means of franchising, with 150 shops in Indonesia and 100 extra set to open in Vietnam, Korea, and Japan. Take a look at Ootbox Shark Tank Net Worth.
CupBop Shark Tank Net Worth
| Net Worth | $200 Million |
| Sales Revenue | $67 Million |
| Profits | $21 Million |
| Lifetime Sales | $157 Million |
| Founder | Junghun Song |
| Global Franchisees | 200+ |
| Food Trucks | 22 |
| Stores in the USA | 49 |
| Employees | 68+ |
| Investor | Mark Cuban |
| Investment Deal | $1 Million in exchange for a 5 % stake |
Cupbop Shark Tank Net Worth Growth
| Cupbop Net Worth 2023 | $200 Million |
| Cupbop Net Worth 2022 | $160 Million |
| Cupbop Net Worth 2021 | $95 Million |
| Cupbop Net Worth 2020 | $50 Million |
| Cupbop Net Worth 2019 | $32 Million |
Overview of Cupboy
Cupbop is a Korean restaurant chain that started as a meals truck in Utah in 2013. In 2013, Junghun Tune, J Park, and JK Kim based a Korean delicacies enterprise in Utah after discovering that the delicacies was not represented at a meals conference. They started by promoting from a 20-year-old meals truck.
Cupbop, a meals truck from Utah, has expanded to over 100 places throughout six U.S. states and Indonesia. It acquired a proposal from Mark Cuban on Shark Tank.
| Name | Cupbop |
| Restaurant Type | Korean Cuisine restaurant chain |
| Founder | Junghun Song |
| Year Founded | 2013 |
| Origin | Salt Lake Country, Utah |
| Location | Over 100 in Indonesia and 9 in the US |
| Menu | Korean barbecue in a cup, noodles, dumplings, and Kim Chi |
| Business Model | Fast-casual restaurant chain with sales of $8 to $10 bowls of Korean barbecue |
| Shark Tank Appearance | 2022 |
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Founding father of Cupbop
Junghun Tune based Cupbop believing that Korean meals might attraction to the world. He began the primary Cupbop meals truck in Salt Lake County with two associates. The three founders had been born in South Korea, served collectively on an LDS mission there, and later migrated to Utah with massive desires however little cash.
Cupbop’s enterprise mannequin is simple: it sells Korean barbecue bowls priced between $8 and $10. The corporate operates meals vehicles and brick-and-mortar eating places with over 100 places worldwide. In Might 2022, Cupbop appeared on Shark Tank and secured a $1 million funding from Mark Cuban. At the moment, the corporate generated income of $18.7 million yearly.
Is Nonetheless in Enterprise: Cupbop Shark Tank?
Cupbop remains to be in enterprise as of 2023. The chain started as a meals truck in Salt Lake County, Utah, in 2013 and has since expanded steadily.
By Might 2023, the corporate had 49 retailer places, six meals vehicles, and numerous concessions areas, together with one at Utah Jazz NBA Enviornment.
Cupbop serves Korean barbecue, additionally referred to as cup-bap (Korean), in a street-food type. The chain has over 100 places in Indonesia.
Since its incidence on Shark Tank in early 2022, Cupbop has opened 9 extra brick-and-mortar places all through the US. The chain operates in Utah, Idaho, Nevada, Oklahoma, Arizona, and Colorado. Cupbop continues to broaden its attain by opening new eating places and providing particular reductions throughout every grand opening celebration. Clients should purchase a bowl for as little as $5.99 on grand opening day. You may additionally like Pavlok Shark Tank Net Worth.
Continuously Requested Questions
Who’s the founding father of Cupbop?
Junghun Tune is the founding father of Cupbop.
How a lot is the annual earnings of Cupbop?
Cupbop has a $37 million annual earnings.
How a lot is the Gross sales Income of Cupbop?
The Gross sales Income of the Cupbop is round $67 Million.CupBop Shark Tank Wikipedia, Height, Biography 2023 Wiki, Net Worth
