Pizza Cupcake is a Brooklyn-based culinary business that makes and sells a small dessert consisting of a graham cracker crust topped with crushed pepperoni, mozzarella cheese, tomato sauce, and cheese. This dish is cooked in the oven for about fifteen minutes at a temperature range of between 450- and 500 degrees Fahrenheit.
The pizza cupcake dissolves very easily in the mouth after eating and is said to be like an Italian pizza. Moreover, the small size and roundish shape of this pizza cupcake make it an attractive and delicious dish to have at parties.
Pizza Cupcake Net Worth
Pizza Cupcake’s net worth is estimated to be around $1.8 million.
Pizza Cupcake’s Founders
The founders of Pizza Cupcake are husband and wife Andrea Meggiato and Michelle Jimenez. Before founding the business with his wife, Andrea Meggiato worked in a pizza company where he oversaw the manufacturing of pizzas for the company.
Later, he decided to stop working at the company and pursue his dreams of developing a new type of dessert. Andrea Meggiato and Michelle Jimenez tested many recipes, with the latter suggesting various variations.
Eventually, the couple found the perfect recipe for their pizza cupcake. In 2018, Andrea and Michelle founded Pizza Cupcake, with Michelle, being an expert in marketing, helping the business grow.
Pizza Cupcake During Shark Tank
Andrea Meggiato and Michelle Jimenez entered Shark Tank seeking $125,000 in exchange for a 5% stake in Pizza Cupcake. This showed that the founders of the business valued the business at $2.5 million.
Andrea and Michelle’s pitch was very lively as they both introduced their product and how it is different and better than any other ordinary pizza. When they provided the Sharks with samples, the Sharks absolutely loved it.
Though, all the Sharks except Lori Greiner pulled out stating that they did not have much experience in this type of business and that they would not be able to help them much. Lori Greiner felt this was her type of business and offered $125,000 in exchange for a 20% stake in the business.
After several counteroffers, Michelle Jimenez offered $125,000 in exchange for a 12.5% stake in Pizza Cupcake with 2.5% in advisory shares between Pizza Cupcake and Lori Greiner. Lori agreed to this, and Michelle and Andrea left Shark Tank jubilant with their pitch and performance.
What Happened to Pizza Cupcake After Shark Tank Deal?
Pizza Cupcake gained a lot of recognition after appearing on Shark Tank, which increased demands and orders, and eventually sales. To keep building the brand, Pizza Cupcake now has its official online website where customers can place orders.