Bantam Bagels

Bantam Bagels Shark Tank update: is it still in business?

Bantam Bagels makes small bagel balls filled with cream cheese. Elyse and Nick Oleksak started it in New York and pitched in Season 6, in an episode that aired January 9, 2015. CNBC reported that they hoped to get $275,000 for 11% of the business and that Lori Greiner negotiated up to 25%. A 2024 Entrepreneur article gives the stake as 11%. We use CNBC's figure because it describes the negotiation. The deal led to a big retail win. CNBC reported in 2016 that, with Greiner's help, the company got its bagels into Starbucks stores nationwide. CNBC also reported that sales had grown from about $200,000 before the show to more than $2 million a year later. In 2018, Lancaster Colony said in a statement filed with the SEC that its T. Marzetti subsidiary had acquired Bantam Bagels for a base price of $34 million plus a possible performance-based earn-out. In May 2022, Lancaster Colony said in its quarterly earnings release, filed with the SEC, that "based on the financial underperformance of the business, with no foreseeable path to profitability," it had decided to exit the Bantam Bagels business, and it took a $22.7 million restructuring and impairment charge. Just-Food also reported the decision. Is Bantam Bagels still in business? No. Its owner, Lancaster Colony, said in 2022 that it was exiting the business, and bantambagels.com did not load when we checked on October 14, 2026.