Honey Bunchies Shark Tank Update (Season 14)

Honey Bunchies, based in Longmont, Colorado, is a brand that produces delicious snack bars, which have now been renamed Bon Bee.

These snack bars are made with various natural ingredients and contain up to 42% pure honey. Their shelf life is seven months; however, if stored in refrigeration or freezing, they can last between eight and twelve months.

Another Shark Tank Pitch

• Parting Stone
• Dapper Boi

How Was The Shark Tank Pitch Of Honey Bunchies?

After entering Shark Tank, Kendra Bennett requested $200,000 for 10% equity. She provided detailed information about how her family business, Honey Bunchies, started.

Her father founded the company in 2010 without any prior experience in the food and beverage industry, which resulted in a three-year foundation-building period.

In 2013, they launched the product in retail, making their first deal with Whole Foods. Honey Bunchies is now available at over 1,200 Whole Foods locations, Kroger, Natural Grocers, King Soopers, and more nationwide.

The bars retail for $2.99, with a cost of $0.88. To date, they have sold over $300,000 and expect to reach $519,000 by the end of the year. From that $519,000 in sales, they project a profit of only $22,000.

Next year, they are forecasting sales between $2.2 million and $4.2 million. This anticipated growth is due to the product becoming available at 7-Eleven and through a nationwide distributor.

Although Kendra did not receive funding on Shark Tank, she expressed to the sharks as she was leaving that she believed they might regret not doing the deal.

Finalize: Honey Bunchies didn’t get the deal in Shark Tank.

Honey Bunchies Shark Tank Update

Honey Bunchies did not secure funding on Shark Tank, but co-founder Kendra Bennett told the sharks that they would regret not taking the deal.

On April 16, 2023, a video was shared on the official Instagram account @bonbeehoney, showing Kendra packaging and shipping over 1,000 orders.

As of May 10, 2023, Honey Bunchies has been rebranded as Bon Bee Honey. This honey bar is now available at 7-Eleven, Kroger, King Soopers, Whole Foods, Natural Grocers, and other retail stores.

Kendra delivered an impressive presentation on Shark Tank and discussed her plans for bringing the sharks on board as investors. Despite her efforts, she did not receive funding, and Daymond John stated that he could not invest in this family business.

We will continue to follow Kendra Bennett and her company for further updates.

What is The Net Worth of Honey Bunchies?

The current net worth of Honey Bunchies is estimated at $2 million. The snack bar industry is highly competitive, with many brands constantly working to expand their businesses.

Yes, Honey Bunchies is still in business as of April 2024.