From Rejected Shark Tank Deal to $10 Million: Joyce’s LuLu Bang Sauce Story
As of 2025, Joyce’s Lulu Bang has a net worth of $10 million and generates $5 million in annual revenue.
Joyce’s LuLu Bang, founded by sisters Jorrae and Kelly Beard, has seen significant growth and success following their pitch on Shark Tank. The company offers a wide range of sauces, along with its specialty barbeque and marinade sauces.
As of 2025, the company has a net worth of $10 million and continues to operate successfully, expanding its product line and distribution network. The brand’s sauces are now available in over 100 Walmart locations and additional ShopRite stores across several states.
Despite not securing a deal on the show, the exposure helped boost sales and brand awareness. Joyce’s LuLu Bang remains active in the market, catering to a diverse customer base with its unique and flavorful sauces.
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Joyce’s Lulu Bang Pitch on Shark Tank
“We’ve cooked all our lives. We love to cook. My mom was the best cook ever… it’s very important that we continue the tradition.”
– Kelly and Dre, Owners of Joyce’s LuLu Bang
| 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 |
| Shark | No Shark |
| Location | Philadelphia, Pennsylvania |
Joyce’s Lulu Bang Founders
“We named the product after our brother Mike, whose nickname was LuBang. He was carjacked and taken away from us tragically, and it’s our way of keeping his legacy alive.”
– Kelly and Dre, Owners of Joyce’s LuLu Bang
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’s net worth that is unknown as of 2025. However, since Joyce Lulu Bang is one of their main net worth sources, they should have a combined net worth above $10 million.
RELATED: 9 REJECTED SHARK TANK PITCHES THAT MADE MILLIONS
What Happened to Joyce’s LuLu Bang After Shark Tank
After their appearance on Shark Tank, Joyce’s LuLu Bang experienced significant growth, despite not securing a deal from the Sharks. Leveraging the exposure from the show, the company generated approximately $60,000 in sales within 72 hours following the episode.
Their retail distribution expanded notably, with products available in over 100 Walmart locations and several ShopRite stores across multiple states. Additionally, the business expanded its online sales significantly, further boosting revenue streams. Joyce’s LuLu Bang now generates estimated annual revenues between $1 million and $2 million, with a company valuation around $10 million.
Key accomplishments
| Year | Accomplishment |
| 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. |
LuLu Bang Sauce Reviews: What Customers Are Saying
Overall, LuLu Bang sauces have received positive feedback from customers who praise the unique flavors and versatility of the products. However, some common issues noted in reviews include:
- Shipping Concerns: Some customers have experienced delays and occasional issues with product packaging damage due to the fragile nature of glass bottles.
- Flavor Preferences: While most appreciate the bold and unique flavors, some consumers have mentioned certain sauces (such as “It’s Just Hot!”) may be overly spicy or intense for their palate.
- Availability: Customers occasionally report difficulty finding certain sauce flavors consistently in local retail stores, prompting some dissatisfaction regarding availability.
Despite these concerns, customer sentiment generally remains strongly positive, with high marks for taste, quality, and product authenticity.
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Conclusion
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.
