At present, the estimated Tia Lupita’s net worth is $10 million. The company started to run officially in 2016. The founder of the company, Hector Saldivar has financed $700k from his savings in the development of the business.
A huge number of people in various nations prefer to have Mexican foods. The United States is an apt example of where people prefer to eat Mexican foods. There are a lot of Mexican restaurants in the United States. From 2018-23 the number of Mexican restaurants has grown by 2.4%. The net worth of the founder of Tia Lupita Foods, Hector Saldivar is $9.5 million as of 2023.
Grab the best Mexican Foods with Tia Lupita Foods
Tia Lupita Foods is a company that is popular for making Mexican foods. The company prepares various kinds of healthy Mexican foods by using organic elements and also sells them. A lot of people prefer to have Lupita’s Mexican food as they are delicious and also contain seasonings.
Hector Saldivar introduced Tia Lupita Foods in 2016. The company first started to sell hot sauce in San Francisco. There is a short story behind the starting of this business.
Hector Saldivar was born in Monterrey, Mexico, and shifted to the United States in 2005 for a job. He dwelt in the United States for several years and served in various food and beverage companies along with Diamond Foods, Klass Time, Nestle, and many more.
Saldivar’s mother always sent him hot sauce prepared from a home recipe. As soon as he let his friends taste the hot sauce of his mother, they fell in love with the taste of the sauce. Most importantly, it was not harmful to health as it is a home recipe. In this way, Tia Lupita Foods started its journey.
When the firm developed, a friend of Saldivar named Frank Defesche invested an amount of $100,000 in the business. The products of the company were available at more than 4,000 retail shops all over the nation by April 2022. As of 2022, the estimated earning of the company from the sales was $8 million.
Hector Saldivar came up on Shark Tank season 24 episode 20 intending to get funding for Lupita Foods. After appearing on Shark Tank, he appealed to the sharks for an investment of $500,000 in exchange for a 5% share in his company at a $10 million valuation.
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Tia Lupita is a food and beverage firm that concentrates on preparing healthy Mexican foods like tortilla chips, hot sauce, and so on.
The best-selling product of the company is hot sauce which is prepared by using toasted spice with red chilli peppers, and a little vinegar and zing.
You may Tia Lupita tortilla chips in various flavours and these chips are rich in high fibre. The products of the company are available at more than 5000 retail shops all over the country along with Walmart, Whole Foods, and so on. You may also buy the products of the company from Amazon.
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Hector Saldivar set up Tia Lupita Foods. The founder of the company represented his business concept in front of the sharks appearing on the popular TV show Shark Tank. When he came up there he requested the sharks gut an investment of $500,000 in return for a 5% stake in his business. Tia Lupita’s Shark Tank episode was broadcast on 14th April 2023.
The Wegman’s net worth, and various provincial accounts of the company like Target, Walmart, and Publix impressed the sharks easily but the sharks were concerned about the profitability of the brand.
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What Happened to Tia Lupita Foods on Shark Tank?
Saldivar came up on Shark Tank and appealed to the shares for an investment of $500k in exchange for a 5% share in his business. He described the useful properties of the product very well in front of the sharks.
The founder said that all the products of the company are available at various retail stores like Wegmans, Sprouts, Target, Walmart, Public, and many more.
The founder lost $700k in 2020. And his loss became $1.2 million in 2021. The most interesting thing is that the company has managed to raise $1.9 million to date. Saldivar now acquires 65% shares of the company after raising the funds.
To date, he has invested $700k from his own money in his company. The making price of Tia Lupita Cactus Tortilla Chips Sea Salt is nearly $0.50. The selling price of Cactus Tortilla Chips is nearly $3.99 to $4.99.
All the sharks refused to invest their money in the business except Kevin O’Leary who has an interest in the business and wanted to give Saldivar a debt of $500k at a 12.5% loan for 36 months in exchange for a 10% stake in the business.
Saldivar then countered Kevin and asked him to give $500k as a credit at 12.5% interest in return for a 7.5% share in the business. But unfortunately, Kevin did not accept the counteroffer.
Saldivar then asked Kevin to give a credit of $500k at a 12.5% interest rate in exchange for a 5% share in his business and said that the 5% would not be cut. Finally, Kevin O’Leary accepted the proposal of Saldivar.
So, at last, Kevin O’Leary invested $500k as a credit at a 12.5% interest rate in the company Tia Lupita Foods in exchange for a 5% non-diluted share.
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The founder managed to get a deal on Shark Tank for his Tia Lupita Foods from Kevin O’Leary. After getting the deal, Salduvar was very happy.
Saldivar uploaded a video on 8th April 2023 on the social media accounts of the company like Instagram, Facebook, and Twitter in which Saldivar acknowledged that as soon as the Lupita Foods shark tank episode was aired the number of visors and orders on the website started to grow incredibly.
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What is new on Tia Lupita Foods?
From 14th April to 19th April, nearly 30,000 visitors paid a visit to the shop site of the brand. Before Shark Tank, only 1,500 visitors checked out the shop site of the company every week.
Tia Lupita Salsa Macha was available on 28th April at Pharmacy retail stores and Publix Food in the United States. Tia Lupita became available at Costco Kevin’s natural foods stores with 3x flavours.
The products of the company have recently become available at Pattison Food Group and Save-On-Foods retail shops. Discussions are still running with Walmart regarding the deal as of 10 th May 2023.
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As soon as Hector Saldivar appeared on the Shark Tank stage, he described his business in front of the sharks. He also disclosed how much money he has lost to date. Each of the sharks declined to invest in the company except Kevin O’Leary. Kevin signed a contract with the company for a line of credit.
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After the Lupita shark tank episode, the founder, Hector Saldivar disclosed that the amount of sales has grown incredibly within just a week. The business is all around doing well currently.
The logo of the company is unique. The picture of Saldivar’s mother has been utilized in the logo as the brand identity.
Various media publications like Food Business News, Entrepreneur, and so on have featured the company. The headquarters of the company is located in Tiburon, California, United States and there are 2 to 10 employees as per Linkedin.
So, as of May 2023, the company Tia Lupita Foods is still active in the business.
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Tia Lupita Foods has gone a long way from its beginning. The company has developed its product line to offer customers more delicious and creative products.
The company has recently added two types of Salsa Macha, one is prepared with chillies, peanuts, and pepitas, and the other is made with chiles, cranberries, and pepitas. They have also added gran-free cactus tortilla chips and cactus tortillas.
The products of the company are unique because they are non-GMO, gluten-free, and rich in fibre. They are prepared to fulfil contemporary nutrition requirements.
The company only used the best quality organic elements in their products. For this, they do not compromise with the flavours of their products. The company focuses on health and wellness. That is why it always prepares tasty and healthy products which have become popular among customers who are conscious about their health.
The sauces come in four flavors, Hot Sauce, Salsa Verde, Chipotle, and Habanero Sauce. The price of every sauce of the company is $13.99. The company also provides five types of tortilla chips which are priced at $5.99 each. The five types of tortilla chips are hot sauce, sea salt, salsa Verde, chipotle, and habanero. The price of ten of their corn tortillas is $8.99.
You will also get two Variety Packs in the company which are priced at $43.94. The two Variety Packs are the Traditional Variety Pack and the Grain-Free Variety Pack. The company aims to maintain and spread Mexican cooking customs along with adopting creation and modern dietary requirements. This is demonstrated in the product line of Tia Lupita.
The company has secured a good position in the Mexican food industry by concentrating on taste, quality, and health.
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Tia Lupita Cactus Tortillas Review
All the people started to enjoy the products of Tia Lupita as they only created healthy and tasty Mexican foods. In this way, the company managed to win the hearts as well as the taste buds of a lot of people.
Salsa Verde Hot Sauce is one of the popular products of the brand. A consumer has connected that you may use this sauce with every bean burrito eaten at home 4-6 times per week. So, customers who want to eat flavorful and hold meal additions fell in love with Tia Lupita’s Salsa Verde Hot Sauce.
Cactus Corn tortillas are another unique product of Tia Lupita Foods. A customer on Amazon commented that they added these Lupita tortillas in a southwest casserole recipe that generally needs shredded corn tortillas to be layered with additional components.
They saw that when they used sparingly, Tia Lupita’s Cactus Corn Tortillas were an outstanding replacement for corn and likely the only good one in their recipe.
This shows that Lupitas Tortillas is capable enough to meet the requirements of consumers who are searching for a healthy and extraordinary substitute for normal corn tortillas.
The company has made a wide range of products that attract customers who want to have authentic Mexican flavours and are also conscious about their health as well as the environment.
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Frankly speaking, Tia Lupita has managed to gain amazing progress and gathered a good amount of net worth in 2023. Furthermore, the brand is anticipated to generate $4.0 million in 2023. Consumers from all over the globe have given positive reviews about the products of Tia Lupita Foods. So, we may say in conclusion that Tia Lupita has secured a good position in the hot sauce industry.
What is there in the Tia Lupita hot sauce?
There are seven basic elements in the Tia Lupita Hot Sauce along with distilled vinegar, red chili peppers, garlic, black pepper, salt, cumin, and oregano.
What is the current situation of Tia Lupita Foods?
Tia Lupita Foods is continuing its business as of April 2023. This is a successful company that is popular for producing pure and simple taco ingredients to offer taco lovers healthy and delicious alternatives everywhere.
From where will I buy the products of Tia Lupita foods?
There are a lot of retail stores and online stores of Tia Lupita Foods from where you may easily purchase tasty, healthy, and sustainable products from the company.
The products of Tia Lupita are available in different famous retail stores like Whole Foods, Safeway, and Walmart. You may buy hot sauces and other products from the company from these stores. In this way, consumers can easily buy some Tia Lupita products at the time of making their regular grocery shopping.
The company also has a very good online presence. If you want to purchase the products of the company online you may visit Amazon where a wide range of hot sauces and tortilla chips are available. The most convenient option to grab the products of the company is Amazon because it ships products very quickly.
Moreover, you may read the reviews, make a comparison of prices, and check the offers and discounts available if you buy these products online. Most importantly you do not need to go anywhere. You may have all these things while sitting at your home.
The products of Tia Lupita Foods are also available on the official website of the company where you may read the detailed info about the products before purchasing. You may also get the links on the website of the company to purchase the products from some specific online retailers.
It has become convenient for anyone who wants to buy the products of Tia Lupita Foods be it in-store or online.