Cupbop is a brand of street food that is like Korean grilling. It was on Shark Tank Season 13 Episode 21. This food is delicious and full of energy.
This brand is a group of fast-casual restaurants in the Mountain States of the U.S. In Shark Tank, the founder of this brand, Dok & Jung, asked for $1 million in return for 3% of his company.
Cupbop is a popular restaurant startup in the United States that serves Korean barbecue food. It is known for its unique taste. Cupbop started in Salt Lake County, Utah, and from there it slowly started to grow. In many places in the United States, you can find out what time it is today. Please read on to learn all there is to know about Cupbop.
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How Much is Cupbop Net Worth?
The Mountain States of the United States is home to Cupbop, an American fast casual restaurant franchise. Korean BBQ provides the basis for this popular variety of street cuisine, which is both tasty and high-energy.
Cupbop founder Junghun Song discovered Korean food in 2013 and was inspired to create the company. Cupbop’s humble beginnings may be traced back to Salt Lake County, Utah when the company’s first food truck was established.
Many people today prepare their own tasty, healthy meals at home. As of April 2022, the United States is home to 36 of Cupbop’s locations. Arizona, Colorado, Idaho, Nevada, Oklahoma, and Utah are some of the states where you can find his mobile eateries. You can also find their store locations on the Cupbop’s Website.
The food at Cupbop’s is varied. Their cuisine selection mainly consists of rice bowls. It can prepare a wide variety of bowls, including chicken, beef, pork, veggies, and tofu. Cupbop also offers many other traditional Korean dishes, like mandu (a Korean dumpling) and kimchi.
Cupbop has an estimated net worth of $180 million. According to the most recent information provided on Shark Tank, Cupbop earns $34 million in annual sales.
Cupbop, a Korean barbecue in a cup, asks for a $1 million investment from Mark Cuban in exchange for 3% of the company on Season 13 of Shark. As a result of their success since appearing on Shark Tank, Cupbop plans to expand to 15 more locations across the United States.
Cupbop’s most recent Facebook post is also linked below.
Who is Cupbop’s Founder
Cupbop’s CEO and company founder is Junghun Song. Dok Kwon oversees the Korean BBQ In a Cup as the Chief Operating Officer of the company.
These two factors together are what have propelled this brand to a multi-million dollar enterprise. It can be found in all of the most populous U.S. states. The true reason for this is the founder’s resourcefulness and marketing prowess.
What Happened to Cupbop After Shark Tank?
The coffee order for the franchise, catering, and food truck came in after the Shark Tank episode featuring Cupbop aired. The relationship between this firm and Mark Cuban remains fruitful till September 30, 2022. Mark will make a solid addition to the team.
On January 7, 2022, they were selling Cupbop Bowls for only $5 to celebrate their grand opening in Oklahoma City. In the same month, a second location opened in Mesa, Arizona.
On August 9, 2022, one of their stores in Rexburg, Idaho held its grand opening, and 1,100 people attended. Korean BBQ In a Cup’s second Utah location debuted in Lehi City in August 2022.
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The popularity of the Shark Tank Korean BBQ Company has led to rapid expansion across the United States and beyond. The company plans to have 40 stores in the United States and over 125 outlets in Indonesia open by August 2022.
Soon, Cupbop will rival KFC and Domino’s Pizza as a worldwide restaurant business. The company’s value is increasing by more than 100 percent annually.
Mark Cuban is a major contributor to Cupbob’s success and wealth. With Cuban on board, Cupbop has access to a wealth of capital.
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