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)
ProfitsNot available
Lifetime sales$400,000 (2024)
InvestorDaniel Lubetzky
investment$150,000 for 20% equity
FoundersMafe 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

ProductA company making ready-to-eat Latin American food
EpisodeSeason 15 Episode 02
Founders Mafe Cabezas and Coco Viete
Asked for$100,000 for 5% equity
Company nameToast-It Arepas
Final deal$150,000 for 20% equity
SharkDaniel Lubetzky
LocationMiami, Florida

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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

YearAccomplishment
2023The 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.