What Happened to Lord Nut Levington After Shark Tank Pitch?

Lord Nut Levington after Shark Tank Update

After appearing on Shark Tank, Lord Nut Levington continued to operate and grow, albeit with some challenges.

Despite not securing a deal with the Sharks, Lord Nut Levington continued to gain popularity. The company was featured on NBC’s “Today Show,” which led to a significant increase in sales. By 2015, Lord Nut Levington was in roughly 2,000 stores nationwide, with an estimated annual revenue of $1 million.

Lord Nut Levington expanded its retail presence, partnering with major chains like Walmart, HEB, and Albertsons. The company also made it into Target stores.

By 2015, Lord Nut Levington had surpassed $1 million in annual revenue. However, the company’s financial performance eventually declined, and it was no longer available in major retail stores like Walmart and Target.

Lord Nut Levington closed its online store in early 2018 and stopped selling on Amazon. The company’s Facebook page announced the closure, stating that the products would still be available in some supermarkets and on Amazon, but this was not the case.

Sanjiv Patel, the founder of Lord Nut Levington, went on to work in other industries. He became the CEO of Hail Merry, a plant-based snack food company, and later worked as a principal at IronClad Consulting Services and as VP of finance at Monumental.

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Although Lord Nut Levington is no longer in business, it remains an interesting case study in entrepreneurship and the challenges of growing a business. Sanjiv Patel’s experience on Shark Tank and his subsequent career developments serve as a reminder that even with setbacks, entrepreneurs can continue to grow and succeed in different ventures.

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What is Lord Nut Levington?

Lord Nut Levington is a great brand of seasoned peanuts. Lord Nut Levington flavours include Rebel Mary, El Cheddarales, Mama Mia, Thai Dyed, Wingman, and Sweet Miss Keet.

Each flavour has a tale behind it; for example, the best-selling Rebel Mary — Bloody Mary-flavoured peanuts — relates the story of an unrequited love between a mysterious barmaid and Lord Nut Levington.

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Each seasoned peanuts can costs roughly $5. They may buy them on Amazon, at Wegmans and Wal Mart, as well as at around 1,000 Central Market, Kroger, and Whole Foods Market outlets.

Who was Lord Nut Levington’s Founder?

Sanjiv Patel is the creator of Lord Nut Levington. Sanjiv Patel MBA’02, a native of England, was up in a business family and attended Babson after working as an accountant for a few years.

Following graduation, he was named director of finance (CFO) of Stacy’s Pita Chips, where he helped increase revenue from $2 million to $60 million in four years.

After selling the company to Frito Lay, Patel developed his own brand, Lord Nut Levington Gourmet Peanuts, which provides a selection of highly seasoned nuts in flavours such fiery chili lime, white cheddar & jalapeo, and dill pickle ranch.

What Happened to Lord Nut Levington on Shark Tank?

Sanjiv went on Shark Tank Season 5 Episode 23 seeking $500,000 in return for a 30% stake in the Lord Nut Levington business. This works out to a $1.6 million valuation.

At this point, Kevin brings up Sanjiv’s million and a half dollar firm valuation.

Kevin inquires about sales and distribution, to which Sanjiv says that he founded the brand in April of 2011, and that in the month preceding the filming of this Shark Tank episode, they made over $700,000 in sales, which is equivalent to 300,000 cans of peanuts.

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Last year’s sales were $300,000, which Robert points out is a flat figure; Sanjiv adds that when they initially established Lord Nut Levington’s Peanuts, they dealt with large merchants and small retailers, and their profit margins were significantly lower than they are now.

Sanjiv thinks that now that sales have stabilized, they will end the year with roughly $350,000 in sales but no money – no revenue.

Despite having made reorder sales to huge shops such as Wegmans, he does not anticipate to generate a profit in the next 12 months.

Sanjiv has made a $1.1 million investment in Lord Nut Levington.

Kevin O’Leary does not believe that a small business can prosper in the highly competitive food industry. “I can’t follow you down this path to hell,” O’Leary adds. “I’m going.”

Despite her disagreement with O’Leary on the product’s potential, Barbara Corcoran feels Sanjiv isn’t “excited” about it. She’s no longer there.

Lori said she couldn’t even eat the peanuts since they made her tummy sick. Lori can’t even taste the goods, therefore she won’t buy it because of the apparent defect – she can’t eat it. Lori is also no longer in the picture.

Robert is fascinated by disruptive technologies and the notion, but he has yet to hear a growth strategy. He’s no longer there.

Mark Cuban is concerned about sales velocity. “This is your chance to tell me,” he continues. What’s the deal with them being so popular?

Sanjiv claims that many love Lord Nut Levington, but Mark is unconvinced. He’s leaving because he doesn’t think sales are strong enough. Sanjiv leaves the Tank without reaching an agreement with the Sharks.

What Happened to Lord Nut Levington After Shark Tank Pitch?

Lord Nut Levington Peanuts Shark Tank Update

Sanjiv Patel, the founder of Lord Nut Levington, appeared on Shark Tank in 2014 seeking a $500,000 investment for a 30% stake in his flavored peanut company. However, he failed to secure a deal with any of the Sharks.

Despite the rejection, Lord Nut Levington initially found some success after the show. By 2015, the company had an estimated annual revenue of $1 million and was distributed in around 2,000 stores nationwide, including Walmart, HEB, and Albertsons.

Patel credited his appearance on Shark Tank with increasing the company’s popularity and allowing him to remain in the United States.

However, Lord Nut Levington’s success was short-lived. In early 2018, Patel announced that the company’s website was shutting down. By mid-2018, the company had ceased operations entirely after nearly a decade in business.

Patel has since moved on from the peanut industry. He served as CEO of Hail Merry, a plant-based snack company, and currently works as VP of finance at Monumental.

While Lord Nut Levington ultimately failed, Patel has reflected positively on his Shark Tank experience, stating that he “won a lot of battles” even though he “lost the war”.

As of August 2021, he is the CEO of Hail Merry, a plant-based snack food company.

What is Net Worth of Lord Nut Levington?

Sanjiv Patel went on Shark Tank looking for $500,000 in return for a 30% stake in the Lord Nut Levington Company. This works out to a $1.6 million valuation.

Here is a summary table based