Tommy Sugo Net Worth 2024 Update (Before & After Shark Tank)
Tommy Sugo, a spaghetti and espresso restaurant, was started by Joel Sneeuwjagt & Nathan Baws in 2014. As of January 2024, Tommy Sugo net worth is $13.4 million. And they’re pulling in a whopping $5 million in annual revenue.
In April 2015, they appeared on season 1 of Shark Tank Australia and made a deal with Janine Allis, for $150,000 for 50% of equity. The final valuation was $300,000, down from the founder’s initial estimate of $2.33 million.
Tommy Sugo is still in business. Their website is active and well-maintained, showcasing their menu, delivery options, and contact information. They continue to offer their signature ready-made meals, fresh pasta, and gourmet treats through delivery and takeaway options.
Tommy Sugo Net Worth
| Net worth | $13.4 million (2023) |
| Annual Sales Revenue | $5 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Janine Allis |
| Founder | Joel Sneeuwjagt & Nathan Baws |
| Employees | Not publicly available |
Tommy Sugo Net Worth Timeline
| Net Worth 2024 | $13.4 million |
| Net Worth 2022 | $13.4 million |
| Net worth valuation 2015 after appearing on Shark Tank | $300,000 |
| Net worth valuation 2015 before appearing on Shark Tank | $2.33 million |
Tommy Sugo Pitch on Shark Tank
| Product | A spaghetti and espresso restaurant |
| Episode | Season 01 Episode 08 |
| Founders | Joel Sneeuwjagt & Nathan Baws |
| Asked for | $350,000 for 15% equity |
| Company name | Tommy Sugo |
| Final deal | $150,000 for 50% equity |
| Sharks | Joel Sneeuwjagt & Nathan Baws |
| Location | Nedlands,Australia |
Don’t miss these product from Season 1
Tommy Sugo Founders
Tommy Sugo was founded by Joel Sneeuwjagt & Nathan Baws in 2014. Joel Sneeuwjagt & Nathan Baws , have a net worth of $13.4 million as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | Appeared on Shark Tank season 01 and Joel Sneeuwjagt & Nathan Baws invested $150,000 for 50% equity |
| 2019 | Expanded their delivery radius to cover more areas within Perth, reaching a wider customer base |
| 2022 | Continued to introduce new menu items and seasonal specials, keeping their offerings fresh and exciting for customers. |
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 Tommy Sugo and its continued success.