Shark Tank RoboBurger, an intelligent robotic chef machine founded by Dan Braido, Audley Wilson, and Andy Siegel, telecasted Shark Tank USA in 2024 on Season 15. The founders were seeking $1.5 million for 5% equity. However, they secured a deal with Kevin O’Leary and Michael Rubin, which was $1.5 million as a loan, with 9% equity. In this article, we will explore RoboBurger’s net worth in 2024, its Shark Tank pitch summary, and more.

RoboBurger Net Worth

As of April 2024, RoboBurger‘s estimated net worth is $10 million, and its annual revenue is $1.4 million. 

Net worth$10 million 
Annual Sales Revenue$1.4 million
Profits$1.6 million (2025 *estimated)
Lifetime sales$10 million
Employees11-50 employees

RoboBurger Net Worth Timeline

Net Worth 2024$10 million *estimated
Net Worth 2023$10 million
Net Worth 2022$9.5 million

Shark Tank RoboBurger Update from Season 15

Audley Wilson, Andy Siegal, and Dan Braido entered the Shark Tank and were seeking $1.5 million for a 5% equity, valuing their company at $30 million. They introduced their hamburger vending machine, RoboBurger, to the sharks. This innovation could revolutionize owning a restaurant, making it quicker and easier for customers to grab a bite. 

RoboBurger isn’t just a vending machine; it’s a compact, AI-driven kitchen that does everything a restaurant kitchen does but in only 12 square feet. It has a fridge, an automated grill, and a cleaning system, and it plugs into a regular wall socket.

Their machine doesn’t need plumbing or venting, and they say there are endless possibilities for what it can do. Also, starting a restaurant costs a lot of money and needs long leases, but using this robotic machine to manage the kitchen can take a lot of work.

RoboBurger works like an ATM or vending machine. Andy said the machine is fully automatic and can make fresh hamburgers in less than four minutes. Also, the Robo chef can even cook patties and toast buns, add sauces, and serve them. 

The trio invited Michael to try the RoboBurger vending machine. The process and payment were simple. Meanwhile, other Sharks enjoyed the taste of the burgers, too. Anyway, Michael’s burger also came out. Accordingly, it was tasted and eaten by Michael.

When asked about their burgers eaten by other Sharks, Dan explained they were pre-cooked, but RoboBurger reheated them differently, more like grilling than microwaving. Michael asked about their branding plan and their future hopes. Andy said they’d been testing machines for 18 months, fixing issues, and wanted to be a brand extension for others.

However, Mark Cuban said there are many robotic restaurant companies. But the owners said their four patents mean they technically own the robot-made sandwich.

Kevin O’Leary suggested buying a machine for his 1,000-employee company and asked about the cost. The owners told him he’d need to lease four machines, each costing $3,000 monthly. They also offered warranties and maintenance for each machine. However, Sharks were surprised by the cost, but Kevin persisted with his question. He wanted to know if the $3,000 installment included service and burgers. 

Michael couldn’t see how profitable the machine would be for restaurants. Each machine needed to make $150,000 a year if the food had a 30% profit margin and the buyer paid $3,000 monthly. Andy said the machine could run 24/7 and sell 50 to 60 units daily. However, the price doesn’t include the cost of the machine’s food. Burgers typically sell for $5.99-$6.99 but cost just under $3 to produce.

Kevin was unsure about how the business would make money. Andy said they’d been selling 12,000 burgers and signing contracts for 14 out of 20 machines they planned to make this year. After struggling, he finally understood the revenue projections. In the filming year, they expected to earn $1.4 million but lose $700,000. They aimed to make $7 million the following year, with a profit of $1.6 million.

Mark disagreed with the projections and raised concerns about costs. Because of this, he decided not to invest. Similarly, Michael liked the idea but thought the financial aspects needed to add up. He also chose not to invest.

Barbara Corcoran was cautious about another vending-style food business due to past experiences and decided not to invest. Lori Greiner found the presentation confusing and decided not to invest, although she wished them success. 

However, Michael again entered the deal and offered $1.5 million to finance machine orders for 10% of the company. The owners were counter with 2% equity, but Michael insisted on 10%. Then, both Kevin and Michael were involved in the deal. The owners again countered with 8% equity, but Kevin and Michael insisted on countering with 9%. Finally, valuing the company at $16.6 million, the founders accepted that deal with Kevin and Michael.

Company NameRoboBurger
FoundersDan Braido, Audley Wilson and Andy Siegel
BusinessBurger Vending Machine
EpisodeSeason 15, Episode 21
Asked Deal$1,500,000 for 5% equity
Final Deal$1.5 million as a loan at market interest rates for a 9% equity
SharksKevin O’Leary, Michael Rubin
Business StatusIn Business
Company WebsiteVisit Website
HeadquarterNewark, New Jersey, USA

What Happened to RoboBurger after Shark Tank?

As of April 2024, the RoboBurger is still in business. RoboBurger has earned the gold food standard approval from the National Sanitary Foundation. Now, it’s a reality, allowing everyone to enjoy freshly grilled, delicious burgers safely and without contact. 

The creators aim to make RoboBurger available everywhere, from offices to hospitals, airports, dorms, and more. They want to satisfy burger cravings anytime, anywhere. So far, the business has raised $10 million. As RoboBurger expands nationwide, it aims to revolutionize fast food with innovation, quality, and convenience.

Since appearing on Shark Tank, RoboBurger’s website has remained the same, including product features and pricing discussed during negotiations. Also, The mention of Shark Tank on the website indicates a formal agreement. After its appearance on Shark Tank, RoboBurger is doing well, with potential for expansion. Also, the company offers leasing plans tailored to your needs. You can learn further about their product and prices by visiting their website.

RoboBurger Founders

Dan Braido, Audley Wilson, and Andy Siegel are the founders of RoboBurger. The company started in 2019. The idea for a robotic burger machine came from Wilson 17 years ago.

Audley Wilson
RoboBurger Founder Audley Wilson

Audley Wilson’s journey from Jamaica to the forefront of food technology showcases his creativity and determination. As a teenager, he won a scholarship to Carnegie Mellon University due to his inventive abilities. 

It was there that the idea for RoboBurger began to take shape. While running his restaurant during college, Audley imagined a future where food preparation could be completely automated. The first RoboBurger prototypes were developed in his garage in Queens, marking the start of a culinary revolution.

Dan Braid
RoboBurger Founder Dan Braid

Dan Braido’s love for robotics and automation has been lifelong. He led his high school’s robotics team to victory in the US FIRST Robotics competition. Dan pursued his passion by obtaining advanced degrees in Mechanical and Aerospace Engineering and a PhD in Chemical and Biochemical Engineering from Rutgers University. His academic and practical experiences have played a crucial role in bringing the RoboBurger vision to life.

Andy Siegel
RoboBurger Founder Andy Siegel

Andy Siegel is a marketing expert with unparalleled success in direct marketing, having generated over a billion dollars in sales. He also has a strong presence in the hospitality industry, managing three restaurants in Jersey City. Andy’s business skills and deep understanding of food and beverage operations have been vital in guiding RoboBurger to success.

RoboBurger Achievements and Awards

YearAchievements and Awards
2024Roboburger was the standout star of the NSF 2024 show!

The company appeared on Shark Tank Season 15 and got the deal from Kevin O’Leary, Michael Rubin
2022Roboburger approved at the gold food standard for safety by the National Sanitary Foundation

Conclusion

Shark Tank is a TV show showcasing different business ideas, helping them succeed. RoboBurger was one of the ventures featured on the show. They made a deal with Kevin O’Leary and Michael Rubin, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.

Before you leave, check out the other company updates in Season 15, Episode 21. 

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