Honey Bunchies, originally based in Longmont, Colorado, is a brand known for crafting tasty snack bars. Notably, the brand has undergone a name change from Honey Bunchies to Bon Bee. These snack bars are crafted using a variety of natural ingredients, with a significant portion consisting of up to 42% pure honey.
Based on the latest available information, Honey Bunchies, originally a family-owned snack bar enterprise featured on Season 14 of Shark Tank, currently boasts a net worth of $8 million. The company, co-established by Kendra Bennett and her father, later rebranded to ‘Bon Bee Honey’ and has experienced significant prosperity ever since. In this article, we will explore and provide comprehensive information regarding the net worth of Honey Bunchies.
Honey Bunchies’ Net Worth
The net worth of Honey Bunchies, now operating under the name Bon Bee Honey, stands at $8 million. The company generates an annual revenue of $3 million and has accumulated profits of $900,000 over time. With lifetime sales amounting to $6.1 million, Bon Bee Honey is run by a team of 5 employees.
Certainly, here’s the net worth timeline for Honey Bunchies in tabular form:
| Year | Net Worth |
|---|---|
| 2019 | $75,000 |
| 2020 | $100,000 |
| 2021 | $600,000 |
| 2022 | $2 million |
| 2023 | $8 million |
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Honey Bunchies’ Shark Tank Pitch
In 2023, Kendra Bennett pitched her company, Honey Bunchies, on Shark Tank, sharing the story of her family’s honey bars inspired by her father’s military service. Despite her enthusiastic presentation highlighting their all-natural, gluten-free, and nutritious bars, the Sharks weren’t convinced. Kendra sought $200,000 for a 10% stake but faced skepticism due to her ambitious sales projections of $2.2 million to $4.2 million.
With $519,000 in sales but only a $22,000 profit, doubts arose about the company’s financial outlook. Mark Cuban cited intense industry competition and concerns about ROI, Lori Greiner passed due to a personal preference against honey, Barbara Corcoran praised Kendra’s work ethic but had doubts about the projections, and Daymond John mentioned challenges in family-run businesses as reasons for not investing.
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Honey Bunchies Shark Tank Update: Is The Brand Still In Operation?
Kendra Bennett delivered an impressive presentation on Shark Tank, outlining her plans to secure investment from the sharks. However, despite her efforts, she did not manage to secure funding from the investors. Daymond John declined to invest, citing the challenges commonly associated with family-run businesses.
Kendra Bennett and her company continue to be closely monitored for any updates. The business was initially established in 2010 by Kendra’s father, a former fighter pilot in the U.S. Army, who worked diligently to rejuvenate the business.
Remarkably, the Honey Bunchies bar has received exceptional praise from customers, with a remarkable 90% of Amazon users awarding it a 5-star rating. The brand is currently headquartered in Longmont, Colorado, USA, and employs a team of 5-10 individuals. As of 2023, Honey Bunchies remains an active and operational business.