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 | – |
| Investor | None |
| Founder | Gary 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 name | Traditional Fisheries |
| Product | Seafood distribution company centered around lionfish |
| Episode | Season 04 Episode 21 |
| Founders | Gary Groomes and Dave Johnson |
| Asked for | $225,000 for 25% Equity |
| Final deal | None |
| Shark | None |
| Location | USA |
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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
| Year | Accomplishment |
| 2013 | Appeared on Shark Tank season 04 |
| 2014 | Launched first product, Traditional Fisheries Lionfish Fillets |
| 2015 | Expanded 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.
