Cupbop Shark Tank Net Worth is $200 Million as of 2024: Check out CupBop Salary, its founder, and other details. As of the recent Shark Tank update, Cupbop has an annual sales income of $37 million. Cupbop is a Korean barbecue street-food brand that emerged in Season 13 and obtained a $1 million investment from Mark Cuban for 5% ownership.
CupBop’s annual sales were $18 million at the time of the pitch, and they have since grown to over $34 million. As of 2024, Cupbop’s net worth is estimated to be around $200 million. Since Cupbop’s arrival on Shark Tank, Cupbop has become admiringly successful and intends to open 15 more stores across the United States. Must See Gameface Shark Tank Net Worth.
CupBop Net Worth
| Net Worth | $200 Million |
| Sales Revenue | $34 Million |
| Profits | $21 Million |
| Lifetime Sales | $157 Million |
| Founder | Junghun Song |
| Global Franchisees | 200+ |
| Food Trucks | 22 |
| Stores in the USA | 49 |
| Employees | 68+ |
| Investor | Mark Cuban |
| Investment Deal | $1 Million in exchange for a 5 % stake |
Cupbop Shark Tank Net Worth Growth
| Cupbop Shark Tank Net Worth 2024 | $200 Million |
| Cupbop Shark Tank Net Worth 2023 | $160 Million |
| Cupbop Shark Tank Net Worth 2022 | $95 Million |
| Cupbop Shark Tank Net Worth 2021 | $50 Million |
| Cupbop Shark Tank Net Worth 2020 | $32 Million |
Cupbop Shark Tank Update
When Cupbop was pitched on Shark Tank, the company made $18 million annually from 15 stores. Now, they make $64 million from 49 stores. Mark Cuban is helping them add new locations monthly and reinvest their profits into the business.
Cupbop aims to have 100 stores and make $100 million in revenue by the end of next year. The fast food chain has partnered with ‘Qu’ for quick service technology solutions at all its outlets and trucks.
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What began as a food truck bringing Korean flavors to Salt Lake City has evolved into a restaurant chain with 49 locations in six states. Cupbop plans to expand globally through franchising, with 150 stores in Indonesia and 100 more set to open in Vietnam, Korea, and Japan. Check out Ootbox Shark Tank Net Worth.
Overview of Cupboy
Cupbop is a Korean restaurant chain that began as a food truck in Utah in 2013. In 2013, Junghun Song, J Park, and JK Kim founded a Korean cuisine business in Utah after discovering that the cuisine was not represented at a food convention. They began by selling from a 20-year-old food truck.
Cupbop, a food truck from Utah, has expanded to over 100 locations across six U.S. states and Indonesia. It received an offer from Mark Cuban on Shark Tank.
| Name | Cupbop |
| Restaurant Type | Korean Cuisine restaurant chain |
| Founder | Junghun Song |
| Year Founded | 2013 |
| Origin | Salt Lake Country, Utah |
| Location | Over 100 in Indonesia and 9 in the US |
| Menu | Korean barbecue in a cup, noodles, dumplings, and Kim Chi |
| Business Model | Fast-casual restaurant chain with sales of $8 to $10 bowls of Korean barbecue |
| Shark Tank Appearance | 2022 |
Founder of Cupbop
Junghun Song founded Cupbop believing that Korean food could appeal to the world. He started the first Cupbop food truck in Salt Lake County with two friends. The three founders were born in South Korea, served together on an LDS mission there, and later migrated to Utah with big dreams but little money.
Cupbop’s business model is straightforward: it sells Korean barbecue bowls priced between $8 and $10. The company operates food trucks and brick-and-mortar restaurants with over 100 locations worldwide. In May 2022, Cupbop appeared on Shark Tank and secured a $1 million investment from Mark Cuban. At that time, the company generated revenue of $18.7 million annually.
Is Still in Business: Cupbop Shark Tank?
Cupbop is still in business as of 2023. The chain began as a food truck in Salt Lake County, Utah, in 2013 and has since expanded steadily.
By May 2023, the company had 49 store locations, six food trucks, and various concessions areas, including one at Utah Jazz NBA Arena.
Cupbop serves Korean barbecue, also called cup-bap (Korean), in a street-food style. The chain has over 100 locations in Indonesia.
Since its occurrence on Shark Tank in early 2022, Cupbop has opened nine more brick-and-mortar locations throughout the US. The chain operates in Utah, Idaho, Nevada, Oklahoma, Arizona, and Colorado. Cupbop continues to expand its reach by opening new restaurants and offering special discounts during each grand opening celebration. Customers can purchase a bowl for as low as $5.99 on grand opening day. You may also like Pavlok Shark Tank Net Worth.
FAQs
Who is the founder of Cupbop?
Junghun Song is the founder of Cupbop.
How much is the annual income of Cupbop?
Cupbop has a $34 million annual income.
How much is the Sales Revenue of Cupbop?
The Sales Revenue of the Cupbop is around $34 Million.
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