Joyce’s Lulu Bang, BBQ, and marinade sauces, was started by Jorrae Beard and Kelly Beard in 2012. As of August 2023, Joyce’s Lulu Bang’s net worth is $5 Million and there is no information available on the company’s sales performance in 2023.
In 2016 they appeared on Season 8 of Shark Tank USA seeking $150,000 for 10% of equity valuing the company at $1.5 Million. The company has continued to operate and sell its sauces under the name Joyce’s Lulu Bang.
Joyce’s Lulu Bang is still in business as of August 2023. The company’s website is still up and running, and they are still selling their sauces. The sauces are still available in more than 100 Walmart locations and the Lulu Bang website.
Joyce’s Lulu Bang Net Worth
|Net worth||$5 Million|
|Annual Sales Revenue||$922K (As of 2022)|
|Shark Tank Investor||None|
|Founder||Jorrae Beard and Kelly Beard|
Joyce’s Lulu Bang Net Worth Timeline
|Net Worth 2023||$5 Million|
|Net Worth 2022||$4.5 Million|
|Net Worth 2021||$4 Million|
|Net Worth 2020||$3.5 Million|
|Net worth valuation 2016 before appearing on Shark Tank||$1.5 Million|
Joyce’s Lulu Bang Pitch on Shark Tank
|Company name||Joyce’s Lulu Bang|
|Product||Line of BBQ and marinade sauces|
|Episode||Season 08 Episode 06|
|Founders||Jorrae Beard and Kelly Beard|
|Asked for||$150,000 for 10%|
|Final deal||No Deal|
Joyce’s Lulu Bang Founders
Jorrae Beard and Kelly Beard Founded Joyce’s Lulu Bang in 2012. Jorrae Beard is the originator of Joyce’s Lulu Bang and was inspired to create her sauce. Kelly Beard is the CEO of Joyce’s Soulful Cuisine, the parent company of Joyce’s Lulu Bang. These sisters grew up in a family of entrepreneurs. They were inspired to start their own business. Joyce’s Lulu Bang’s founders, Jorrae Beard and Kelly Beard, have a net worth of 5 Million USD as of 2023.
|2023||Creating a line of gourmet sauces, including Asian Persuasion, Bourbon Marinade, It’s Just Hot!, and BBQ Fusion.|
|2022||Launching a new pop-up store to sell their sauces.|
|2021||Expanding their reach beyond Walmart stores and making their sauces available in local ShopRites around the Philadelphia area.|
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.