Toast-It Arepas Net Worth 2024 Update (Before & After Shark Tank)
Toast-It Arepas’s net worth is $1 million as of January 2024. In 2022, company sales were around $200,000; by the end of 2023, they were projecting $500,000. Toast-It Arepas, a company making ready-to-eat Latin American food, was started by Mafe Cabezas and Coco Viete in 2019.
In October 2023, they appeared on season 15 of Shark Tank USA and made a deal with Daniel Lubetzky for $150,000 for 20% of equity. The final valuation was $750,000, down from the founder’s initial estimate of $2 million.
The company had a significant growth in business after the appearance on the show. The pitch not only allowed them to secure a deal but also expand their products and market. You can make purchases via the company website and selected retailers.
Toast-It Arepas Net Worth
| Net worth | $1 million (2024) |
| Annual Sales Revenue | $500,000 (2023) |
| Profits | Not available |
| Lifetime sales | $400,000 (2024) |
| Investor | Daniel Lubetzky |
| investment | $150,000 for 20% equity |
| Founders | Mafe Cabezas and Coco Viete |
| Employees | <10 |
Toast-It Arepas Net Worth Timeline
| Net Worth 2024 | $1 million |
| Net worth valuation in 2023 after appearing on Shark Tank | $750,000 |
| Net worth valuation in 2023 before appearing on Shark Tank | $2 million |
Toast-It Arepas Pitch on Shark Tank
| Product | A company making ready-to-eat Latin American food |
| Episode | Season 15 Episode 02 |
| Founders | Mafe Cabezas and Coco Viete |
| Asked for | $100,000 for 5% equity |
| Company name | Toast-It Arepas |
| Final deal | $150,000 for 20% equity |
| Shark | Daniel Lubetzky |
| Location | Miami, Florida |
Don’t miss these products from Season 15
Toast-It Arepas Founders
Mafe Cabezas and Coco Viete founded Toast-It Arepas in 2019. Cabezas and Viete have their roots in Venezuela and wanted to start a business showcasing their heritage. Cabezas has experience working in data analysis and financial management. Both of them are also are passionate cooks. Toast-It Arepas’s founders, Mafe Cabezas and Coco Viete’s net worths are unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2023 | The company was featured on Shark Tank and managed to secure a deal. The company could get into partnerships with major retailers after the show. |
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 Toast-It Arepas and its continued success.
