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Shark Tank season 16 aired episode 2 on October 25, showcasing promising business ventures and introducing Todd Graves, a new Shark and fast-food mogul. One featured product, Topsail Steamer, drew significant attention. Founder Danielle presented it as a chain selling DIY seafood boiling kits with vegetables and sausages, offering an on-the-go seafood steamer experience.
The brand managed to catch the eye of Todd Graves for he owns Raising Cane's Chicken Fingers, one of America's top fast food chains. Lori also wanted in on the deal, so they dealt together. Danielle Mahon came asking for $350,000 for 8% of her company, and walked out with the cash, giving away 18% equity. Fans of Shark Tank came to X to react to Topsail's pitch on the show.
"Topsail Steamer is making me hungry!" said one fan.
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"Topsail Steamer looks like it's gonna fly. Buyer on the buy side," said another.
"2 sharks with brilliant synergies for Topsail Steamer has me excited!" a third fan added.
"Congrats to Topsail Steamer on landing 2 sharks Lori & Todd on Shark Tank!" another wrote.
Some Shark Tank fans noted that it was Todd Graves's first deal on the show and congratulated him on the same.
"@ToddGraves Congrats on making your first deal on !!! Now we need you to PLEASE bring a store to Hagerstown, Md or close by!!!" an X user wrote.
"Seafood boil kits in single-use pots? Now that’s scaling simplicity! Great margins and a craveable product. Congrats on the deal @ToddGraves and @lorigreiner!" another X user wrote.
@TheSharkDaymond grabbed another lobster after the deal," one commented.
More details on Topsail Steamer's visit to Shark Tank season 16 episode 2
Danielle Mahon walked into Shark Tank with her seven-year-old company Topsail Steamer. It was a franchise-style store chain that sold diy single-use pots of steamed variety of seafood and vegetables, along with their signature seasoning mix.
The motive of the pot was to be so on the go that the users could use it at a beach or anywhere, conveniently. It claimed to get the food ready in 40 minutes. It came with a disposable pot that could be discarded or reused to store other things. Their most coveted Shark Steamer pot was being sold at $199 at the time of their Shark Tank screening.
After opening their first store in North Carolina, Danielle detailed that they expanded to four more locations on the Jersey Shore. She said that the company made $5.7 million in the current year, a growth from $4.5 million the previous year.
The Sharks appreciated the steamed seafood Danielle served. Todd offered her the $350,000 she asked, for a 20% equity. Lori said she wished to share the deal with Todd at 20%. Danielle countered their offer and tried bringing it down to 16%, up from her initial ask of 8%. Todd countered it back with 18% and she agreed to the deal.
New episodes of Shark Tank season 16 come out on Fridays, at 8 pm ET, on ABC.
