After graduating from law school, Jeff Hughes faced difficulties finding a job but still enjoyed spending time in coffeehouses and wanted to open his own. So, he started Legal Grind with his wife Annie Hughes. Legal Grind is a coffeehouse that also serves as a legal resource center, offering legal services to middle-class families at affordable prices.
To expand the business, Jeff needed investment, so he went to Shark Tank with his wife Annie. Let’s find out if they got the investment or not.
| Company Name | Legal Grind | |
| Founder/Co-Founder | Jeff Hughes & Annie Hughes | |
| Founded | 1996 | |
| Product | Coffee & Counsel | |
| Asked For | $200k for 15% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S1 E13 | |
| Air Date | Jan 29th, 2010 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | Santa Monica, California, United States | |
| Lifetime Sales | $1M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Annie and Jeff came into Shark Tank and asked the sharks for $200,000 for 15% equity at a $1.33 million valuation. They explained the purpose and goals of their business to the sharks. Notably, Jeff appeared quite confused during the pitch, although Annie was helping him.
Jeff shared that their annual gross revenue is $200,000, but the net revenue is only $30,000. Additionally, Jeff and Annie each take a salary of $50,000.
They also mentioned that they have received over 100 franchise requests but don’t know how to proceed with franchising. Therefore, they need funding and the sharks’ help.
Annie said that they get new customers primarily through word of mouth.
Daymond John said it’s a great idea, but he cannot invest at this time. He is out. Barbara Corcoran said she doesn’t trust the business’s franchise model idea, so she is out.
Kevin Harrington didn’t like Annie and Jeff’s business progress plan, so he is out. Robert Herjavec and Kevin O’Leary also declined to invest because they don’t believe the business can be scaled through the franchise idea.
All five sharks declined to fund Annie and Jeff.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counters |
| Final Deals | No Deals |
Legal Grind Shark Tank Update
Despite not receiving investment, Jeffrey did not give up and tried to grow the business. However, he was unsuccessful. During our research on Legal Grind, we found out that Jeffrey had to shut down his coffeehouse business, Legal Grind, LLC, in December 2020 due to financial issues.
Now, he runs his own attorney and counselor practice in Santa Monica, California.
Check out Shark Tank Season 1 Business Update.
Do you want more business updates from Season 1? Go here.
