James and Johanna Windon pitched their unique french fry franchise business on Season 15 of Shark Tank.
Buena Papa’s french fry bar combines the classic American favorite with vibrant Latin-American flavors.
Did Buena Papa get a deal on Shark Tank?
Find out all the details in our Buena Papa Shark Tank update and pitch recap…
If you’re short on time, here’s a quick overview of what happened to Buena Papa after Shark Tank:
Quick Summary
James and Johanna Windon showcased their business on Shark Tank Season 15, securing a deal with Robert Herjavec for $400,000 in exchange for 19% equity. In terms of Buena Papa Shark Tank update, it’s highly likely that the company will experience a significant increase in sales following their appearance on the show. Currently, Buena Papa operates three locations, with a fourth one set to open soon.
Table of Contents
Buena Papa On Shark Tank
| Shark | Result |
| Robert Herjavec | Accepted deal of $400,000 for 19% equity |
| Kevin O’Leary | No Offer |
| Barbara Corcoran | No Offer |
| Mark Cuban | No Offer |
| Lori Greiner | No Offer |
Buena Papa Shark Tank Deal
- Business: Loaded French Fry Dishes
- Entrepreneurs: James and Johanna Windon
- Asked For: $400,000 for 7% equity
- Shark Tank Deal: $400,000 for 19% equity
- Shark: Robert Herjavec
Buena Papa Company Info
Buena Papa Overview
Buena Papa, which translates to “good potato” in Spanish, is not just a play on words—it reflects the Windons’ mission to bring together the best of two cultures. Combining one of America’s favorite comfort foods with Latin-American flavors, Buena Papa creates a unique dining experience.
Each dish starts with 33 ounces of fresh-cut fries, topped with a variety of toppings inspired by Latin-American cuisine. From bold seasonings to hearty proteins, these loaded fries turn a beloved side dish into a satisfying main meal.
Launched in 2021 in Raleigh, North Carolina, Buena Papa quickly gained popularity thanks to its viral success on TikTok. With millions of views and growing demand, the brand became a sensation in the fast-casual dining space.
Buena Papa Founders:
Buena Papa Shark Tank Pitch Recap
James and Johanna Windon, the founders of Buena Papa, brought their unique french fry franchise to Shark Tank Season 15, seeking a strategic partner to help scale their business nationwide. Their innovative concept, which transforms french fries from a side dish into a flavorful, Latin-American-inspired main dish, impressed both the Sharks and the audience. Let’s break down their pitch in detail.
The Inspiration Behind Buena Papa
James and Johanna began their pitch by explaining the origin of their business name, Buena Papa, which translates to “good people” or “good potato” in Spanish.
Coming from their different cultural backgrounds, the husband-and-wife duo combined their unique experiences to create something extraordinary: a fusion of classic french fries and bold Latin American flavors.
Their concept transformed a common side dish into a gourmet main dish that stood out in the competitive food market.
Buena Papa Shark Tank Financials: Cost & Sales Breakdown
Buena Papa launched in 2021 in Raleigh, North Carolina, with an initial investment of $40,000 to open their first location, a 200-square-foot store.
Within the first month, the business generated $18,000 in sales. Their breakthrough moment came shortly after when a TikTok video featuring their offerings went viral, racking up 60 million views.
This exposure led to an influx of customers, including influencers eager to try and promote their dishes.
Their success didn’t stop there:
- Their first location achieved $1.1 million in sales in its first year.
- They reinvested the profits to open a larger, 700-square-foot location, which helped scale operations.
- As of the year of filming, their two locations were projected to hit $2 million in annual revenue, with a net income of $120,000 after paying themselves a combined $80,000.
- They also opened a third location in an arena and planned a fourth location in Miami.
Their offerings featured 33 ounces of fresh-cut fries, topped with a variety of bold, Latin-American-inspired flavors.
With a cost of $3.50 per dish and a selling price of $13.50, Buena Papa achieved 28% food margins, showcasing a strong potential for profitability.
Franchising and Expansion Plans
James and Johanna shared their ambitious plan to franchise Buena Papa across the United States, with an initial franchise fee of $29,500 and an 8% royalty fee.
Their vision was to turn Buena Papa into a nationwide chain, providing franchisees with a unique and profitable business model.
To accomplish this, they were looking for a Shark to invest $400,000 in exchange for equity in the company.
Sharks’ Reactions On Buena Papa Shark Tank Pitch
Lori Greiner
Lori praised the concept and execution, calling it a brilliant idea. However, she declined to invest, explaining that while the business was impressive, it wasn’t a fit for her portfolio.
Verdict: Lori was out.
Mark Cuban
Mark expressed initial excitement, indicating he was all in until franchising was mentioned. He voiced concerns about the potential challenges and risks of scaling through franchises, ultimately deciding not to move forward.
Verdict: Mark was out.
Kevin O’Leary
Kevin appreciated the food and the concept but cited a personal reason for opting out. He explained that his recent lifestyle changes made it difficult for him to invest in a business whose products he wouldn’t consume himself.
Verdict: Kevin was out.
Barbara Corcoran
Barbara acknowledged their strong progress and entrepreneurial spirit but felt the business was on the right track and didn’t require a Shark’s involvement. She commended their hard work but decided not to invest.
Verdict: Barbara was out.
Robert Herjavec
Robert admired the couple’s passion, business model, and success. He offered $400,000 for 20% equity, valuing the business at $2 million pre-money. However, James countered with 15% equity, prompting a negotiation.
Buena Papa Shark Tank Deal
The negotiation between Robert and the couple was intense and precise. James and Johanna made a strong case for a lower equity percentage, reflecting their confidence in the business’s growth potential.
Robert initially stood firm at 20%, but after continued discussion, he compromised slightly to 19% equity.
The couple accepted the deal, securing $400,000 for 19% equity, a post-money valuation of approximately $2.1 million.
Buena Papa Shark Tank Deal: Final Outcome
James and Johanna left the Tank with a deal from Robert Herjavec. This partnership promised not only financial backing but also strategic guidance to help Buena Papa scale successfully while navigating the complexities of franchising.
This milestone marked the beginning of a new chapter for Buena Papa as they aimed to bring their unique french fry experience to a nationwide audience.
Keep reading our Buena Papa update to find out what happens following the Shark Tank Show!
Buena Papa Shark Tank Update Today
So, what happened to Buena Papa after Shark Tank?
According to the latest Buena Papa Shark Tank Update: Since their appearance on Shark Tank, the business has continued to thrive, leveraging the exposure and their partnership with Robert Herjavec.
While it’s too early for detailed sales updates, their momentum suggests continued growth.
Key Developments
- Expansion Plans: The Windons opened a new location in Durham, North Carolina, and are working on launching their Miami branch.
- Local Media Attention: Buena Papa was featured on ABC’s local North Carolina station, further boosting their brand visibility.
- Franchise Ambitions: With a $29,500 franchise fee and an 8% royalty model, Buena Papa aims to establish a nationwide presence of their French fry bars.
Buena Papa Fry Bar Shark Tank Net Worth
During their appearance on Shark Tank, James and Johanna Windon valued Buena Papa Fry Bar at $2 million pre-money, seeking $400,000 for 20% equity.
After negotiations, they secured a deal with Robert Herjavec for the same amount at 19% equity, slightly increasing the company’s valuation to approximately $2.1 million post-money. This valuation reflected the strong sales figures and potential for scalability through franchising.
Following the show, Buena Papa’s net worth has likely increased, given the exposure from Shark Tank and their continued expansion.
With a projected $2 million in sales during the year of filming and plans for multiple new locations, the company’s current estimated net worth is believed to surpass $3 million, solidifying its position as a growing force in the food industry.
Did Buena Papa Get A Deal On Shark Tank?
Yes, Buena Papa Fry Bar successfully secured a deal on Shark Tank.
Founders James and Johanna Windon impressed the Sharks with their innovative concept of transforming French fries into a main dish infused with Latin-American flavors.
Despite initial interest, several Sharks declined due to differing visions for the business model. Robert Herjavec, however, saw the potential and offered $400,000 for 20% equity.
After some negotiation, the founders countered at 15% equity, but Robert eventually agreed to settle for 19% equity, finalizing the deal.
The deal with Robert Herjavec highlighted his confidence in Buena Papa’s scalability and branding. The partnership provides the company with a strategic investor who can guide them in achieving their goal of franchising nationwide.
This collaboration marks a significant step in Buena Papa’s journey toward becoming a household name in the food industry.
Buena Papa Fry Bar Reviews
Buena Papa Fry Bar has received rave reviews for its unique concept of transforming classic french fries into gourmet main dishes.
Customers often praise the generous portions, fresh ingredients, and creative Latin American-inspired toppings. Popular dishes like the “Lomo Saltado” and “Carne Asada” fries have become fan favorites, with many appreciating the bold and authentic flavors.
Their fries also stand out for their quality and consistency, earning glowing feedback across social media platforms like TikTok, where the brand went viral with over 60 million views.
Online reviews highlight Buena Papa’s welcoming atmosphere and efficient service. Many customers commend the affordability and value for money, considering the sizable servings and premium ingredients.
With an average of 4.5-star ratings on platforms like Google and Yelp, Buena Papa Fry Bar continues to impress food enthusiasts, both locally and beyond, solidifying its reputation as a must-visit culinary destination.
Buena Papa Fry Bar Business Growth
The Windons’ dedication to reinvesting profits has allowed them to expand rapidly. Their second location, a 700-square-foot space, showcased their ability to scale the business effectively.
With their franchising model, they hope to replicate their success across the U.S., offering entrepreneurs an opportunity to bring Buena Papa’s unique flavors to their communities.
Challenges and Future Plans of Buena Papa
Despite their success, franchising poses challenges, as noted by Mark Cuban during the pitch. Maintaining quality and consistency across locations will be critical to Buena Papa’s long-term success.
Future plans include:
- Launching the highly anticipated Miami location.
- Strengthening their franchise network while maintaining their brand’s authenticity.
- Expanding menu offerings to appeal to a broader audience.
FAQs On Buena Papa French Fries Shark Tank
Who Is The Owner Of Buena Papa?
The owners of Buena Papa Fry Bar are James and Johanna Windon, a husband-and-wife duo. James, originally from the United States, and Johanna, who hails from Colombia, combined their cultural influences to create the unique concept of gourmet Latin-inspired french fries. Together, they oversee the brand’s growth and operations.
Did Buena Papa Get A Deal On Shark Tank?
Yes, Buena Papa secured a deal on Shark Tank with Robert Herjavec. He offered $400,000 for 19% equity in the company, after some negotiation with the founders, James and Johanna Windon.
How Much Is The Buena Papa Franchise?
The Buena Papa franchise requires an initial franchise fee of $29,500. Additionally, franchisees are expected to pay an 8% royalty fee on sales. This provides access to the brand’s established business model, marketing support, and operational guidance.
What Makes Buena Papa French Fry Bar Unique?
Buena Papa French Fry Bar is unique because it transforms traditional french fries into a gourmet meal by topping them with Latin American-inspired ingredients, making fries the star of the dish rather than just a side.
Their innovative concept, fresh ingredients, and bold flavors have garnered widespread attention, especially after going viral on TikTok.
Is Buena Papa Still In Business?
Yes, Buena Papa is still in business and thriving. Since appearing on Shark Tank, the company has expanded to multiple locations, including Raleigh, Durham, and plans for a Miami branch.
They continue to grow, with strong sales projections and a focus on franchising their unique french fry bar concept.
What Happened To Buena Papa After Shark Tank?
After appearing on Shark Tank, Buena Papa Fry Bar continued to thrive, expanding to multiple locations, including in Durham, North Carolina, and preparing for a new opening in Miami.
The company also secured a deal with Robert Herjavec for $400,000 in exchange for 19% equity, which has helped fuel their growth.
Their viral success on TikTok further boosted their popularity, solidifying their place in the competitive food industry.
Final Thoughts on Buena Papa After Shark Tank
Buena Papa’s story is a testament to the power of innovation and cultural fusion in the food industry. From a small fries concept in North Carolina to a national sensation, James and Johanna’s journey inspires entrepreneurs everywhere.
Their appearance on Shark Tank not only provided financial backing but also invaluable exposure.
As this Buena Papa Shark Tank update shows, the business is on a path to becoming a household name in the fast-casual dining space.
Stay tuned for more updates on their expansion and success because we will try to come up with the latest Buena Papa Fry Update as we get any inside news.
In the meantime, you can check out more Company Updates on Shark Tank Season 15 Episode 4 by clicking on the links below:
Before you go, make sure to visit our Season 15 Company Updates Page, All Company Updates Page and Shark Tank All Products Page for more information on various companies and products featured in the Show.
At the same time, you can FOLLOW our blog to get the latest updates on businesses featured in Shark Tank Show. And, if you have any questions, you can send us message at your convenience.
Lastly, you can check out more Company Updates for the businesses featured in Shark Tank Season 14 by visiting our Season 14 Company Updates Page.
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