Doatnut - Shark Tank Update

Health-focused, Clean-label Snack

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Season 16, Episode 3 Founded by Kimberly ‘Kimy’ Aguirre In Business

Doatnut Details

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Shark Tank Episode Details

Founders Kimberly ‘Kimy’ Aguirre
Air Date 2024-11-01
Season & Episode Season 16, Episode 3
Initial Ask $100K for 10.0% equity
Deal Details Got deal: $200K for 30.0% equity from Mark Cuban, Lori Greiner
Estimated Yearly Revenue $500k-750k
Estimated Net Worth (4x estimated revenue) $2.5 million

The Shark Tank Pitch

San Diego baker Kimberly 'Kimy' Aguirre transformed her personal quest for guilt-free indulgence into a revolutionary healthy dessert business when she realized that traditional donuts could be reimagined using wholesome ingredients without sacrificing taste or satisfaction. Her innovative approach centers around Doatnut, a sugar-free, gluten-free, dairy-free, and low-calorie donut made with just five simple ingredients: pure oats that she mills fresh daily, sweet potatoes, egg whites, monk fruit, and baking powder, resulting in treats with less than one gram of natural sugar and only 90 calories per serving.

The business operates from her charming Little Pink Store where freshness takes priority, with Kimy personally milling oats each day to preserve natural oils and create a distinctive 'brown butter' flavor that sets her products apart from mass-produced alternatives. Her appearance on Shark Tank Season 16 seeking $100,000 for 10% equity revealed impressive profit margins of 337.5% to 400%, with production costs between $0.70-$0.80 per donut and retail prices of $3.50, though total sales of $350,000 since 2021 with only $50,000 in the current year concerned the sharks about growth potential.

The business model focuses on direct-to-consumer sales through her storefront and online presence, building a loyal customer base that appreciates the health-conscious approach to indulgent treats while maintaining the authentic bakery experience that keeps customers returning for both regular and seasonal flavor offerings.

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Where Are They Now?

Mark Cuban and Lori Greiner recognized the potential in Kimy's passion and product quality, ultimately offering $200,000 for 30% equity to help address her $70,000 debt burden and provide capital for scaling operations and marketing efforts. Since securing the dual-shark partnership, Doatnut has experienced significant momentum with multiple television appearances on KUSI Morning News and CBS 8 Morning News that highlighted their healthy approach to indulgent desserts and attracted new customers seeking guilt-free alternatives.

The company has enhanced customer engagement through a loyalty rewards program that allows regular customers to earn points with every purchase, while expanding their market reach by becoming a military vendor for Camp Pendleton Marine Corps base, demonstrating their commitment to serving diverse communities with healthy food options. Current pricing reflects slight adjustments with individual donuts now selling for $4.50, while bulk options include six donuts for $30, eight for $35, and twelve for $49, with optional branded pink gift bags available for an additional $3 to enhance the gifting experience.

We found that Doatnut continues to emphasize freshness by baking daily while offering both regular and seasonal flavors that keep the menu exciting and customers engaged, with their social media presence growing as satisfied customers share their experiences with the healthy donut alternatives on platforms like Twitter and Reddit, proving that innovative approaches to traditional comfort foods can succeed when supported by the right strategic partnerships and authentic commitment to quality and health.

Revenue

$500k-750k

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