Did Tom and Chee go out of business?

Tom & Chee jumped out of the gates, but was sold in September 2017. Tom & Chee never lacked for buzz. Following its 2013 appearance on “Shark Tank,” the fast casual fielded some 9,000 inquiries from prospective franchisees.

How much did Gold Star pay for Tom and Chee?

Tom+Chee walked off the set with an agreement to sell 30\% of the chain for $600,000.

What kind of cheese does Tom and Chee use?

This Tom and Chee inspired recipe makes the most amazing sweet and savory grilled cheese donut! Cheddar cheese is slowly melted between a buttered glazed donut for a fun sandwich recipe.

Where is Tom and Chee based?

Cincinnati
Cincinnati-based Tom & Chee, which gained notoriety after an appearance on the “Shark Tank” reality TV show in 2013, once had 35 locations.

How much is Tom and Chee worth today?

In this update, they reveal they’ve grossed over $14 million since appearing on Shark Tank. They explain Barbara has been instrumental in finding real estate. They have 19 locations now, but they’re going world-wide. Tom and Chee will surely have another update segment!

Did Mark Cuban invest in Tom and Chee?

The founders took it to “Shark Tank” in 2013 and won $600,000 in investment from Mark Cuban and Barbara Corcoran, though Cuban later backed out and the restaurant renegotiated with Corcoran for an undisclosed amount.

What is Tom and Chee worth?

The company claims to have 170 stores under contract. Tom and Chee has a second update segment in episode 616 in season six, where they’ll likely announce their new locations to Shark Tank Nation. In this update, they reveal they’ve grossed over $14 million since appearing on Shark Tank.

Who invested in Tom and Chee?

GSR Brands
In 2017, GSR Brands, a 50+ year old family franchise company, bought Tom & Chee, simplified the business model, significantly improved training and invested in a new menu and restaurant design. The brand is now ready to grow far beyond its foothold in the Midwest.

How did Tom and Chee do after Shark Tank?

In this update, they reveal they’ve grossed over $14 million since appearing on Shark Tank. They explain Barbara has been instrumental in finding real estate. They have 19 locations now, but they’re going world-wide.

How many stores does Tom and Chee have?

23 stores
GSR determined the franchise operation grew too quickly without the infrastructure to support it. When GSR acquired the business, there were 23 stores in operation (down from a high of 35). As of 2019, there were a dozen still open.

Who bought Tom and Chee?

Gold Star Chili
When GSR, the parent company of fellow Cincinnati franchise Gold Star Chili, bought the assets in 2017, Tom & Chee was down to 23 restaurants.

https://www.youtube.com/watch?v=ohNhYuOiMh0