The second episode of Shark Tank season 16 premiered on October 25, featuring innovative entrepreneurial ideas and welcoming Todd Graves, a newcomer and fast-food entrepreneur. Among the standout products was Topsail Steamer, which generated considerable buzz. Founder Danielle introduced her concept of a franchise selling DIY seafood boiling kits complete with vegetables and sausages, designed for a hassle-free seafood preparation experience.
Todd Graves, known for his ownership of Raising Cane’s Chicken Fingers—one of the most popular fast-food franchises in America—was particularly intrigued by the brand. Lori Greiner also expressed interest, leading to a collaboration on the deal. Danielle Mahon initially sought $350,000 for an 8% equity stake in her business but ultimately secured the funding while relinquishing 18% equity. Followers of Shark Tank took to X to share their thoughts on Topsail’s presentation during the episode.
“Topsail Steamer is making me hungry!”expressed one viewer.
“Topsail Steamer looks like it’s gonna fly. Buyer on the buy side,”stated another fan.
“Two sharks with great synergy for Topsail Steamer has me excited!”added a third viewer.
“Congrats to Topsail Steamer for securing both Lori & Todd on Shark Tank!”wrote another user.
Shark Tank fans noted that this was Todd Graves’s inaugural deal on the show and congratulated him on his achievement.
“@ToddGraves Congrats on closing your first deal on the show! Now, we hope you can open a store in Hagerstown, MD, or nearby!!!”an X user commented.
“Seafood boil kits in single-use pots? Now that’s a streamlined concept! Excellent margins with a tempting product. Well done on the deal @ToddGraves and @lorigreiner!”wrote another user.
“@TheSharkDaymond grabbed another lobster after the deal,”one viewer remarked.
Insights into Topsail Steamer’s Appearance on Shark Tank Season 16 Episode 2
Danielle Mahon entered the Shark Tank stage representing her seven-year-old venture, Topsail Steamer. This franchise offers a convenient way to prepare seafood and vegetables in disposable pots with their exclusive seasoning blend.
The design of the pot aims for convenience, allowing users to enjoy a meal on-the-go, whether at the beach or elsewhere, promising food readiness in just 40 minutes. This disposable pot, priced at $199 during her Shark Tank pitch, could be reused for storage or discarded.
After launching their first store in North Carolina, Danielle shared that they have since expanded to four additional locations along the Jersey Shore. The company reported revenue of $5.7 million this year, an increase from the previous year’s $4.5 million.
The Sharks were impressed with the steamed seafood that Danielle provided for tasting. Todd put forth the $350,000 she requested for a 20% equity stake, while Lori wished to collaborate with him at the same equity level. Danielle countered aiming for 16%, up from her initial 8% request. Todd then countered with an 18% offer, which Danielle accepted.
New episodes of Shark Tank season 16 air every Friday at 8 PM ET on ABC.
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