Having difficulty choosing between a hotdog and a hamburger? Mark Murray experienced a situation that inspired him to create his version of a ham dog, a combination of a hamburger and a hotdog. Food made for epicures.
This notion of combining two very dissimilar but equivalent things was like merging jerky and biltong to make “Berky.” The late-night talk show hosted by Jimmy Kimmel featured this idea because it was a hit.
Go through the article to know about this hybrid food, its owner, and its Shark Tank debut.
|Asking of Company:
|$1 for 25% equity for a one-piece
|$2 for 50% equity for a one-piece
|Shark on board (Investors):
|Shark Tank Episode:
|Season 01 Episode 01
|Feb 29, 2024
About the Founder
After a long day out at the club, a thought popped up into the mind of the native Australian, Mark Murray with the concept of Hamdog. He spent his money on a hamburger and a hotdog and made an effort to scarf down both without leaving a great fuss.
He made his own choice that a product needed to be produced that expertly marries both of these elements. He gradually made it possible. Mark used $5,000 of his resources to acquire patents in both America and Australia.
Founding the Hamdog
Hamdog is a hotdog and a piece of burger on a special bread that has been partitioned through the heart of it. It came into the market in 2004.
The piece of sausage and patty nestle inside the oblong bun, which has a circular midsection. The customer’s preferred toppings are tossed in before the steak and sausage are put inside the bun. Pickles, lettuce leaves, cheddar, and American mustard are preferred.
Shark Tank Appearance
Murray demanded $1 in exchange for a 25% stake in all Hamdog rights and revenues. He informed the Sharks that he was protected by an American patent and an Australian design license. The food was featured on Shark Tank in February 2015.
Murray was seeking someone with good connections and financial acumen because he did not intend on founding the company that way, but instead pitch the idea to a food distributor. When Steve Baxter compared his concept of Hamdog to his current situation and credibility, he discovered it lacking. He abandoned Murray, just like the other Sharks Naomi Simson and Janine Allis did.
Banks expressed a keen curiosity about the concept and approached $2 million for 50% ownership. He enjoyed the uniqueness and kid-friendly appeal. Murray grabbed the chance promptly. Banks was confident that he could make Hamdog a successful company since he had connections in the catering industry.
Banks’ ideology regarding the company’s novelty proved right. Since the American hamburger sector lacked comparable precedence, lenders were unable to get involved in it. Murray’s originality and amusing cuisine managed to find popularity in the catering industry.
After Shark Tank
Banks and Murray are recently debating on the best course of action for the company, although Murray says he intends to attempt again to break through the American industry.
A successful agreement between the business owner and the shark created one of the weirdest proposals in Shark Tank history.
The projected value of the company is $10 million, after its appearance on Shark Tank.
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