Fish Fixed Net Worth 2022 – What Happened After Shark Tank?

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Seafood is an excellent source of protein, but not everyone eats it fresh. Fish Fixe was created by Melissa Harrington and Emily Castro to help solve this problem. The entrepreneurs launched Shark Tank and struck a deal with Lori Greiner. As of 2022, Fish Fixe is worth around $1.8 million.

About the Founders

Melissa Harrington and Emily Castro are two moms from Houston, Texas. who are making waves in the seafood industry. The ladies both went to Texas A&M University, where Melissa studied nutritional science while Emily studied sociology. They became friends after joining the school’s women’s soccer team.

As adults, they remained friends even though they chose different career paths. Emily worked at the Republic National Distributing Company. She started as a wine retailer and was eventually promoted to division manager.

After college, Melissa and her husband started a wholesale seafood distribution company, Lonestar Lobster. Melissa then worked as a sales specialist at a related company, Lonestar Seafood.

Society creation

Harrington constantly craved fish when she was expecting a child. However, sourcing and preparing the seafood was taking too long. She and her husband decided to buy large packets, divide them, seal them and freeze them for future use.

This is how Melissa got into the seafood business. When she was with Emily on a trip, they talked about selling perfectly proportioned seafood using the Harringtons’ distribution methods. They also planned to sell them in sealed bags with additional cooking ingredients.

Fish Fixe opened in 2017. They have developed a website where users can order fresh seafood on demand or sign up for their subscription service. In 2020, Fish Fixe had revenue of $821,000 and profit of $20,000.

Shark Tank Appearance

Although their sales were impressive, Melissa and Emily had shipping issues and low profit margins. They had a plan to solve these problems, but it required a big investment. In 2021, they appeared on season 13 of Shark Tank, looking for $200,000 for 15% equity.

The Sharks loved the seafood dishes they offered as treats, but were concerned about the company’s numbers. Some backed down, but some thought there was still hope for the company.

Kevin O’Leary has offered $200,000 for 33.33% of the business. The presenters hit back at 25%, but the hungry shark didn’t budge. Mark Cuban even spoke up and explained why they should accept Kevin’s offer. Out of nowhere, Lori Greiner came back and agreed to do the deal at 25%.

After Shark Tank

Appearing on Shark Tank led to a huge increase in Sales but the company was not equipped to process orders. They quickly resolved the delivery issues and the business is now thriving. To improve operations, they signed up for Oracle’s NetSuite software.

Among its offerings, Fish Fixe sells fish such as Norwegian salmon, wild gulf prawns and Icelandic haddock. They sell direct to consumers on their shop.fishfixe.com website where you can place a one-time order or sign up for the subscription service. Each Fish Fixe box currently retails for $149 and includes 16 servings.

The company is a convenient, all-in-one seafood store, which is why it has mostly positive reviews online. For instance, Eater.com rated them as one of the best places to buy frozen fish. Additionally, they claim that the fish are “100% traceable and sustainably caught.”

In 2021, Fish Fixe expected to make $1.2 million in revenue for 2021. No recent numbers have been released, but the company should be on track to earn over $2 million in 2022.

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