The Bear and the Rat are entrepreneurs who are still running the business 7 years later. They have made $30K in sales and are in the process of negotiating a deal with Petco. After all, they were 8 years old when they first came up with the idea. They wanted to help families enjoy their pets without having to sacrifice their digestion. They now produce frozen goat milk yogurt, which is becoming a hit with consumers.
The two founders of the company met at a local ice cream shop where Meg Meyer’s husband, Matt, and four dogs were ice cream. They were interested in $125,000 for a 20% stake in the business, which they received. Matt Meyer was just eight years old when he got the idea for the company. They named their dogs Charlie and Babette. As they were growing up, their parents would treat them to ice cream on Sundays.
The Bear and the Rat’s goal is to create a healthy dog treat that tastes delicious and is good for them, too. They use all-natural ingredients in their products, including bananas and peanut butter. The frozen yogurt has billions of beneficial probiotics that improve the health and well-being of dogs. The owners of the company, Meg Meyer and Matt Meyer, first appeared on Shark Tank in 2012.
The Shark Tank appearance increased sales and interest in the products. The product is now available at over three thousand small independent pet retailers. The Bear and the Rat net worth 2021
The Bear and the Rat has a good chance of increasing its net worth. Its products are sold in Publix grocery stores throughout the southeast. They are estimated to generate about $5 million in sales every year by August 2021. The two founders also appeared on Shark Tank episode 7 where Meg and Matt asked for $125,000 for a 20% stake, which translates to a valuation of $625,000. However, current sales and the Bear And The Rat’s net worth are higher than what they were able to raise on Shark Tank.
Meg and Matt introduced themselves as dog owners, whose dogs are named Bear and Rat. The couple said that they were inspired to start a company when their pets started to suffer from eating human food. Matt then told Lori that they needed the Sharks’ help to produce dog treats that would be popular with consumers. Luckily, Sharks helped them reach their goal of making the product more widely available to consumers.