We live in a world where snacks are an integral part of our diet. Snack food brands are hence coming into being and P-Nuff Crunch is one of the most popular ones around.
Dr. Juan Salinas founded P-Nuff Crunch, which is a popular plant-based and non-GMO puffed peanut snack, which appeared on Shark Tank. Although the brand went on to make an on-screen agreement with Mark Cuban, the deal wasn’t closed.
According to the latest reports, P-Nuff Crunch has an estimated net worth of around $3 million. This article will explore more about the brand, and its appearance on Shark Tank.
Contents
| Business details: | Peanut puff snack |
| Founders name: | Dr. Juan Salinas |
| Founded in: | 2015 |
| Location (Country): | West Orange, New Jersey, USA |
| Investment Asked by Company: | $300,000 for 10% |
| Sharks on board (Investors): | Mark Cuban |
| Accepted Deals: | $400,000 for 25% |
| Shark Tank Episode: | Season 12 Episode 02 |
| Net Worth | $3 million |
| Business Status: | Active |
| Social Media | Facebook |
| Last Updated: | June 24, 2024 |
P-Nuff Crunch is founded by Dr. Juan Salinas, who originally hails from Honduras but relocated to New Jersey for a better life. Salinas acquired his education and degrees from Rutgers University and later completed MBA as well.
It was in 1997 that Salinas started his career in an F&B company, Kraft Nabisco. Later, Salinos worked with Cadbury to manage different gum brands under them.
Salinos later rejoined Kraft as a team leader looking over the global development of the products in the company. He later worked in the role of director and also as a global project manager at Nestle.
Besides honing an executive position at his workplace, Salinas is also physically active and is a triathlon athlete. He is a fitness freak and is extremely mindful of his physical well-being.
Later in 2015, after 25 years of working in food companies, Salinas founded his own snack company, Perfect Life Nutrition. Their main objective was to create a good-quality and nutritious snack that could stand out and cater to people’s health and well-being. They tried and failed quite a few times before idealizing P-Nuff Crunch.
His ideologies later went to the creation of vegan, and gluten-free peanut snacks that ended up bringing them over $100,000 in revenue.
Juan Salinas’ brand P-Nuff Crunch appeared in the 12th season of Shark Tank. His main purpose for going on the show was to expand their operations, which is why Salinas proposed a pitch of $300,000 for 10% equity.
While Barbara Corcoran and Lori Greiner were pretty interested in the product and wanted to match the pitch Salinas was asking for, it was Mark Cuban stepped up.
Mark offered $400,000 for a 25% stake in the company. After going back and forth and thinking about it, Salinas agreed to the offer.
Following the episode on Shark Tank, P-Nuff Crunch witness a significant bump in their sales. It is reported that the deal with Mark Cuban was closed.
Salinas also went on to express his gratitude to Mark in several interviews post Shark Tank saying that Mark had been helping them out with the marketing aspect of the brand.
Besides expanding its product distribution, P-Nuff Crunch now has their personal production facility, which helps them scale its business further.
The annual revenue of the brand is estimated at around $1 million, while the net value of the brand stands at $3 million.
P-nuff Crunch combines peanuts, rice, and navy beans, which makes it different from other snacks out there. This mix not only gives it a unique taste but also makes it very nutritious. The original flavour has five grams of protein, two grams of sugar, and three grams of fibre, making it a healthy choice.
The founder, Juan Salinas, wanted to create a snack that’s not only tasty but also good for you. P-nuff Crunch uses different proteins from plants, which means it has all the important amino acids your body needs.
Besides its original sweet flavours, P-nuff Crunch now comes in cheddar jalapeno and barbecue flavours. You can buy P-nuff Crunch online or at stores like Sprouts, Central Market, ShopRite, Sierra, and Walmart.
Latest reports suggest that P-nuff crunch has an overall valuation of $3 million and the company also makes around $1 million in annual revenue.
Mark Cuban invested $400,000 for 25% of the company on Shark Tank. So, we can say that Mark Cuban partially owns P-nuff.
P-nuff is owned and run by Dr. Juan Salinas. He launched the business in 2017 to revolutionize the niche of healthy snacking.
Pnuff is currently a successful business. Besides selling online, the company is now available through multiple retailers as well.
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