Just The Cheese Net Worth, Wikipedia, Shark Tank, Founder, Amazon, Undeniably, cheese is everyone’s favorite food item. Along with its taste, cheese is also known for its healthy content such as protein, calcium, sodium, and high saturated fat. But some people avoid consuming cheese because of its fat content. Here’s an alternative for you, Just the Cheese, a company that offers gluten-free and low-carb cheese chips.
There are many interesting things you should know about Just the Cheese. Let’s start reading to know the net worth, founder and other things related to Just the Cheese in this post:
just the net worth of the cheese
Just The Cheese Net Worth, Wikipedia, Shark Tank, Founder, Amazon
What is Just the Cheese?
Just the Cheese is a grilled cheese snack brand that offers authentic and delicious cheese chips and snack bars. The company offers vegetarian-friendly food items, making it the most demanding brand. In addition, the company uses pasteurized milk in its products, which guarantees the quality of the production process.
Just the Cheese is widely available online like Amazon as well as in thousands of stores nationwide. This product comes in mini, bite-sized chips.
They come in five flavors, such as Grilled Cheese, White Cheddar, Garlic and Jive, Wisconsin Cheddar and Jalapeno. They are available in packs of 16 minis and 12 bars, which can be purchased for $18.99 and $23.88.
About Just the Cheese Founder
David Scharfman is the founder of Just the Cheese. David is from Madison, Wisconsin. He received a government degree in political science at the University of Wisconsin-Madison in 2008.
After that, he completed his MBA in Finance and General Management at the UVA Darden School of Business. After completing his studies, he founded the Guangdong Poker Club in 2009.
After a few months, David turned out to be the international marketing manager for his family’s business, Specialty Cheese Company, based in Guangdong, China. He started another cheese business, Fresh! Cheese Company in Manila, Philippines in 2012.
However, his business was not successful at all, which convinced him to move to New York City, where he worked as a consultant at The Alexander Group. Later, he was promoted to senior consultant.
He created a remake of the Specialty Cheese Company’s best-selling snack and named it ‘Just the Cheese.’ His father made the product, but the company lost its footing in a few years as David moved to another city.
In 2017, David and his wife bought lean cheese. After tasting it, he believed that their product had a better taste.
That’s why he called his father and asked if they could start producing their cheese snacks again and his father gave the green signal to his request. This is how Just the Cheese started. He and his wife returned to Wisconsin and renamed the company.
The company makes keto-friendly bars made entirely of grated cheese without any other ingredients. Bite-sized and crisp bar versions are available on the market. He earned USD 3.7 billion in the first year of business.
Just the Net Worth of Cheese
Talking about Just the Cheese net worth, it is estimated to have a net worth of around $10 million in 2023. The company sells its products online, on Amazon, and in over 2500 supermarkets nationwide.
According to sources on the internet, the company earns USD 4 million annually. The profit margin ranges between 17 and 20 percent.
In the future, the company’s net worth will also grow as the company has expanded its retail distribution. Currently, the company has started producing Slim Fast Snack Crisps.
Appearance on Just The Cheese Shark Tank
He is looking for investors to expand operations. The founder appeared on the 11th season of Shark Tank in 2019. When he stepped on stage, he gave product samples to the Sharks before diving into the company’s finances.
But unfortunately, most Sharks are not attracted to the taste. However, they like the founder. Daniel Lubetzky, Shark’s guest, commented that other companies or brands offer similar products, but he defended his business. He mentioned that his products are of better quality and he believes in his business.
Later, Sharks also pointed out that the company’s profit margin was also too low and most of them had been rejected. Kevin offered him USD 500k in exchange for a royalty of USD 0.20 per bar.
Lori also offered him the same royalty deal but riotously pulled out again before he was about to reject the offer. Cuban Shark made a late run to get the deal, but the equity David wanted was too high.
In the end, he didn’t grab the deal, but it helped him get a lot of publicity from the show. The Boston Globe, The New York Times, Today, Food Network, etc. have talked about the brand. Today, Just the Cheese is a popular brand with a large social media presence.
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Categories: Biography
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