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.
What does Tom and Chee stand for?
Our first location was a pop-up tent on Fountain Square in Cincinnati. We served our amazing grilled cheese to the cold and hungry crowds visiting the annual outdoor holiday market. We melted hearts, and cheese, and the word quickly spread about the toasty little tent near the ice skating rink.
Did Mark Cuban invest in Tom and Chee?
In the same article, which you can read here, it’s reported that the “Shark Tank” appearance resulted in two “sharks,” real estate investor, Barbara Corcoran, and Dallas Mavericks owner Mark Cuban, agreeing to buy a 30 percent stake in Tom + Chee for $600,000.
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 many Tom and Chee stores are there?
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 invested in Tom and Chee?
Rapid expansion When GSR, the parent company of fellow Cincinnati franchise Gold Star Chili, bought the assets in 2017, Tom & Chee was down to 23 restaurants.
What is Tom and Chee worth?
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.
How much is a Tom and Chee franchise?
what does it cost to own a tom & chee? Tom & Chee is a low-cost investment with high profit-potential. With a total investment range between $302,700-$433,500, Tom & Chee is a great and affordable franchise to own.
Is Tom and Chee successful?
Tom+Chee walked off the set with an agreement to sell 30% of the chain for $600,000. They grew the chain to at least 35 locations, prompting Forbes to anoint Tom+Chee as one of the 10 most successful ventures to appear on “Shark Tank.”
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 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 foods are on the Tom and Chee menu?
From adventurous melts to savory soups and fresh salads our menu offers something for everyone. We offer gluten-free bread, vegan cheese, vegan/vegetarian soups and make our basil pesto with sunflower seeds, so our friends with tree-nut allergies can dig in.
Can you serve Tom and Chee at a gathering?
Let Tom & Chee Do the Cooking. Serve Tom & Chee at your gathering! Whether it’s a box lunch or heaping platters of our delicious, gooey Melts, your guests will have a meal they’ll remember. The best part?
Is there a Pepsi fountain at Tom and Chee?
You’re viewing the menu. View a different menu. Fresh and fizzy! Proudly serving a variety of Pepsi fountain and bottle beverages. Cool and refreshing! We’re so much more than grilled cheese. Tom & Chee is a sensory experience that starts with great service and ends with satisfaction.