Cubop Shark Tank Net WorthÂ
Check out CupBop’s founder, salary, and other information.
The most recent Shark Tank update indicates that Cubebop generates $37 million in annual sales. Korean BBQ street food startup Cupbop debuted in season 13 and was given a $1 million investment for 5% ownership by Mark Cuban. After Cupbop’s participation on Shark Tank, the company has experienced significant success and plans to expand by 15 more locations around the US.
Cupbop Shark Tank Net Worth
| net worth | $200 million |
| Sales revenue | $67 million |
| profits | $21 million |
| lifetime sales | $157 million |
| founded by | Junghyun Song |
| Global Franchise | 200+ |
| food trucks | 22 |
| stores in the usa | 49 |
| Employee | 68+ |
| investor | Mark Cuban |
| investment deal | $1 million for a 5% stake |
Cubop Shark Tank Net Worth Growth
| cupbop net worth 2023 | $200 million |
| cupbop net worth 2022 | $160 million |
| cupbop net worth 2021 | $95 million |
| cupbop net worth 2020 | $50 million |
| cupbop net worth 2019 | $32 million |
Cupbop Shark Tank Update
Cupbop was making $18 million a year from 15 outlets when it first appeared on Shark Tank. Right now, 49 outlets generate $64 million for them. Every month, Mark Cuban helps them open more stores and reinvest their revenues in the company.
By the end of the next year, Cupbop hopes to have opened 100 locations and earned $100 million in sales. All of the fast food chain’s restaurants and delivery vans will now use quick service technology thanks to a partnership with “Qu.”
What began as a food truck bringing Korean cuisine to Salt Lake City has developed into a franchise of 49 restaurants spread across six states. With 150 locations slated to open in Indonesia and another 100 in Vietnam, Korea, and Japan, Cupbop intends to expand globally through franchising.
Cowboy Overview
A Korean restaurant chain called Cupbop got its beginnings as a food truck in Utah in 2013. After seeing that Korean food was underrepresented at food conventions, Junghun Song, J Park, and JK Kim launched a Korean food company in Utah in 2013. He began doing business out of a food truck that was 20 years old.
A food truck founded in Utah named Cupbop has established more than 100 sites in six US states and Indonesia. In Shark Tank, Mark Cuban made a bid for it.
| Name | Cupbop |
| restaurant type | Korean Cuisine Restaurant Chain |
| founded by | Junghyun Song |
| year of establishment | 2013 |
| Original | Salt Lake Country, Utah |
| Place | More than 100 in Indonesia and 9 in the US |
| menu | Korean Barbecue, Noodles, Dumplings and Kim Chi in a Cup |
| business model | Fast-casual restaurant chain selling $8 to $10 bowls of Korean barbecue |
| shark tank appearance | 2022 |
Founder Of Cupbop
Junghun Song developed Cuboop with the idea that Korean cuisine could enchant the entire world. With two pals, he founded the first Cupbop food truck in Salt Lake County. The three founders arrived to Utah with huge hopes but limited resources after serving an LDS mission together in South Korea where they were both born.
The company’s simple business plan is to sell Korean BBQ bowls for between $8 and $10. With more than 100 sites globally, the company runs brick-and-mortar restaurants as well as food trucks. Cubop had an appearance on Shark Tank in May 2022, where they received a $1 million investment from Mark Cuban. The business was making $18.7 million in revenue annually at the time.
Still in Business: Cupbop Shark Tank?
As of 2023, Cupbop is still in operation. In 2013, the franchise started out as a food truck in Salt Lake County, Utah, and has since continued to grow.
The business operated 49 stores as of May 2023, along with six food trucks and a number of concession stands, one of which was in the Utah Jazz NBA Arena.
Korean barbecue, sometimes referred to as cup-bop (Korean), is served by Cupbop in a street cuisine setting. In Indonesia, the business has more than 100 sites.
Cubop has added nine more physical sites across the Country since making its Shark Tank debut in early 2022. Utah, Idaho, Nevada, Oklahoma, Arizona, and Colorado are among the states where the network is active. By creating new eateries and providing exclusive discounts during each grand opening celebration, Cupbop keeps growing its customer base. On the first day, customers can get a bowl for as little as $5.99.
Frequently Asked Questions
A: CupBop is a Korean fast-casual restaurant chain known for its signature dish, the CupBop, which is a Korean-inspired rice bowl filled with various toppings and sauces.
Q: What is CupBop’s net worth?
A: As of our knowledge cutoff in September 2021, the specific net worth of CupBop as a result of their appearance on Shark Tank is not publicly available. Their net worth may vary based on factors such as revenue, profits, and business growth.
Q: How did CupBop’s net worth change after appearing on Shark Tank?
A: The impact of CupBop’s appearance on Shark Tank on their net worth is not known without specific information about their deal or financial performance following the show. Success on Shark Tank can provide exposure and potential growth opportunities for businesses.
Q: Where can I find more information about CupBop’s net worth?
A: For the most up-to-date information on CupBop’s net worth, it is recommended to refer to reliable financial sources or official statements from CupBop regarding their financial status or success after their appearance on Shark Tank.
Q: Is CupBop still in business?
A: As of our knowledge cutoff in September 2021, CupBop was still in business. However, for the latest information about their current status and locations, it is best to visit their official website or contact them directly.
