CupBop net worth is $200 million as of 2023. In recent times, internet searches about it have gone up significantly and that too for a reason. However, for the unversed, let me inform you that CupBop is a Korean restaurant chain, which gained prominence after its appearance on Shark Tank.
To be more precise this Korean barbecue street-food brand appeared on the 13th season of Shark Tank and managed to bag an investment of $1 million from Mark Cuban for 5% ownership.
Since then, the company has witnessed a stunning growth in its business. At the time of its appearance on Shark Tank, its annual sales were $18 million. However, at present, the number has gone up to reach the $37 million mark.
Interested to know more about the company’s net worth? Then join us in this article to know more about how much money the brand has made till now.
CupBop Net Worth
At present, CupBop is a famous restaurant chain from Korea with a huge net worth. As far as its business is concerned, its fame has now reached across the globe.
However, much of the credit for its towering growth must go to its successful pitch on Season 13 of Shark Tank. Since then, its business has grown rapidly, which is evident by the fact that at present they have more than 200 global franchises.
If you consider the financial details of the brand, then you would be stunned to know that it has a current sales revenue of $34 million. Together with this, the brand enjoys a profit margin of $21 million at present.
Overall, the brand also boasts lifetime sales of $157 million. Therefore, taking all these into consideration, it is no wonder that CupBop net worth has reached $200 million.
CupBop Net Worth Trend
CupBop started its business career in a humble condition. At that time, not many people knew about it, outside Korea. However, its successful pitch did not miss hitting people hard and it soon became a popular food chain outside Korea.
As the brand started to get more and more franchises across the globe, its net worth also started to go up quickly. In fact, for the past few years, CupBop net worth has maintained a steady upward graph. The following table will clarify the point further for you:
| Cupbop Net Worth 2023 | $200 Million |
| Cupbop Net Worth 2022 | $160 Million |
| Cupbop Net Worth 2021 | $95 Million |
| Cupbop Net Worth 2020 | $50 Million |
| Cupbop Net Worth 2019 | $32 Million |
About Cupbop
CupBop owes its origin to Junghun Song, J Park, and JK Kim back in 2013. In its initial form, it was a Korean Cuisine. They managed an old truck and started selling food items. Initially, they earned a great reputation within Korea.
But the dream of the founders was to spread Korean cuisine, across the globe. With this dream in their mind, the founders chased behind the global expansion of the brand.
As they started to grow rapidly, they attracted global attention. However, its appearance on Shark Tank boosted its business to a great extent. On the 13th season of Shark Tank, the brand managed to managed to bag an investment of $1 million from Mark Cuban for 5% ownership. Since then, the business of this brand has increased at a rapid rate. Cuban has also planned to expand the brand to new locations.
| Name | Cupbop |
| Restaurant Type | Korean Cuisine restaurant chain |
| Founder | Junghun Song |
| Year Founded | 2013 |
| Origin | Salt Lake Country, Utah |
| Location | Over 100 in Indonesia and 9 in the US |
| Menu | Korean barbecue in a cup, noodles, dumplings, and Kim Chi |
| Business Model | Fast-casual restaurant chain with sales of $8 to $10 bowls of Korean barbecue |
| Shark Tank Appearance | 2022 |
Business Overview
Junghun Song, J Park, and JK Kim led the foundation of CupBop on an old truck back in 2013. Their dream was to spread Korean food all over the globe. They believe in simplicity and thus, have priced Korean barbeque bowls between $8 and $10 million.
They are now operating across 100 locations using brick-and-mortar restaurants and food trucks. Since its appearance on Shark Tank, Mark Cuban has also joined with this brand and is planning to expand the brand to more locations. He is also planning to re-invest in the brand from the profits.
If you are doubtful about its existence in present times, then let me inform you that the brand is still operational. In fact, their business is growing at a rapid rate. It has opened its outlets in over 49 locations.
In addition to that, the brand also operates six food trucks and has also started to work on various concession areas. In fact, in Indonesia, the brand has started operating in 100 locations.
Expansion After Shark Tank
Appearance on Shark Tank Season 13 has been a huge boost for the business outcome of CupBop. To provide an insight into the expansion of the brand let me inform you that the brand opened over nine new brick-and-mortar locations in the US.
The places where the food chain operates in the US are Idaho, Utah, Arizona, Nevada, Oklahoma, and Colorado. Together with this, the food chain looks towards expanding its chain on each of its grand opening days. Therefore, the brand is experiencing rapid growth at present.
FAQs
Who is the founder of Cupbop?
Junghun Song is the founder of Cupbop.
What is Cupbop?
Cupbop is a prominent Korean Cuisine brand with franchises at various locations across the US.
How much is the annual income of Cupbop?
Cupbop has an annual income of over $34 million.
How much is the Sales Revenue of Cupbop?
The Sales Revenue of the Cupbop is $34 Million.
What is the total net worth of Cupbop?
The current total net worth of Cupbop is $200 million.
In which season of The Shark Tank did the brand appear?
Cupbop appeared in the 13th season of The Shark Tank.
Which Shark invests in Cupbop?
Mark Cuban invested $1 million in the brand for a 5% ownership.
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