Tuesday, March 19, 2024

'Shark Tank': How Nowhere Bakery Struck Deal With Barbara Corcoran

If you ask Saphira and Maurizio Rasti, the way to a "Shark Tank" star's heart is through their stomach.

The Costa Mesa, California-based husband-and-wife duo brought investors treats from their business, Nowhere Bakery , on Friday's episode of the ABC television show. The pair launched their bakery with $400 in March 2020, two weeks before the Covid-19 pandemic began — and left the TV show with an offer valuing the company at $1.6 million.

By the time of filming, Nowhere operated out of a commercial kitchen. It brought in $770,000 in 2022 revenue — including a $32,000 profit — and was projected to finish 2023 with $1 million, Saphira said.

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