Traditional-Fisheries-Shark-Tank-US-Net-worth

Traditional Fisheries, a seafood distribution company centered around lionfish, was started by Gary Groomes and Dave Johnson in 2008. Traditional Fisheries net worth was $900,000 at the time of their pitch in 2013 based on the $225,000 offer for an 25% of equity of the company. 

They appeared on season 4 of Shark Tank USA in 2013. But the Sharks didn’t pay interest on investing in Traditional Fisheries. Lionfish are an invasive species that have caused significant damage to coral reefs and marine ecosystems. The sharks were not convinced that Traditional Fisheries was doing enough to ensure that its lionfish were harvested sustainably.

In 2023, Traditional Fisheries is not in business. 

Traditional Fisheries Net Worth

Net worth$900,000 (2013)
Annual Sales Revenue
Profits
Lifetime sales
InvestorNone
FounderGary Groomes and Dave Johnson
Employees

Traditional Fisheries Net Worth Timeline

Net Worth 2023
Net Worth 2022
Net worth valuation 2013 after appearing on Shark Tank  N/E
Net worth valuation 2013 before appearing on Shark Tank  $900,000

Traditional Fisheries Pitch on Shark Tank

Company nameTraditional Fisheries
ProductSeafood distribution company centered around lionfish
EpisodeSeason 04 Episode 21
Founders Gary Groomes and Dave Johnson
Asked for$225,000 for 25% Equity
Final dealNone
SharkNone
LocationUSA

Don’t miss these product from Season 04

Traditional Fisheries Founders

Gary Groomes and Dave Johnson found Traditional Fisheries in 2008. The networth of Traditional Fisheries’s founders, Gary Groomes and Dave Johnson, is unknown as of 2023.

Key accomplishments

YearAccomplishment
2013Appeared on Shark Tank season 04
2014Launched first product, Traditional Fisheries Lionfish Fillets
2015Expanded distribution to over 100 restaurants in the United States

Conclusion

Some companies that appear on the show have not achieved great success, and the Traditional Fisheries was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However,  Traditional Fisheries went out of business in 2018. And the product is no longer available in the market.

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