Chomps: How We Turned $6,500 Into A Business Bringing In $244 Million A Year

Published: 16 March 2024
on channel: CNBC Make It
563,678
7.3k

Looking to make a healthier-for-you meat snack, friends Pete Maldonado and Rashid Ali together put forth $6,500 to launch their "side hustle" back in 2012. After four years, Trader Joe's began selling their products and sales significantly grew. In 2023, Pete and Rashid's once side-hustle has brought in nearly $250 million in retail sales.

Produced by: Raffi Paul
Senior Managing Producer: Eric M. Clark
Senior Production Manager: Kathryn Mavrikakis
Camera: Clint Boland
Editor: Marisa Forziati
Animator: Gene Kim
Reporter: Morgan Smith
Additional Footage: Chomps, Getty Images

Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf

Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD: https://cnb.cx/3Is19fx

About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.

Connect with CNBC Make It Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It on Instagram: https://bit.ly/InstagramCNBCMakeIt
Find CNBC Make It on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It on threads: https://cnb.cx/threadsCNBCMakeIt
Find CNBC Make It on X: https://cnb.cx/FollowCNBCMakeIt

#CNBC
#CNBCMakeIt
#FounderEffect

Chomps: How We Turned $6,500 Into A Business Bringing In $244 Million A Year


Watch video Chomps: How We Turned $6,500 Into A Business Bringing In $244 Million A Year online without registration, duration hours minute second in high quality. This video was added by user CNBC Make It 16 March 2024, don't forget to share it with your friends and acquaintances, it has been viewed on our site 563,678 once and liked it 7.3 thousand people.