Sunflow Beach Chairs was founded in January 2018. These portable chairs are perfect for taking to the beach for a comfortable experience. The brand also offers accessories like beach umbrellas, towels, and other essentials.
The chairs are designed with comfort in mind, featuring a detachable, easy-to-carry design with a reclining option for added relaxation.
| Company Name | Sunflow, Inc. |
| Founder | Leslie Hsu and Greg Besner |
| Founded | 2018 |
| Product | The beach brand designing products |
| Asked For | $1M for 6% Equity |
| Final Deal | $1N for a 5% stake royalty of $5 per chair sold until $M is paid |
| Shark | Kevin O’Leary |
| Episode (Shark Tank USA) | S13 E16 |
| Air Date | Mar 18, 2022 |
| Business Status | In Business |
| Website | Visit Website |
| Headquarters | Short Hills, New Jersey, United States |
| Lifetime Worth (Sales) | $7M *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
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Who Is The Founder Of Sunflow?
The founders of Sunflow are Leslie Hsu and Greg Besner, both experienced entrepreneurs. Leslie Hsu, the CEO, is a successful handbag designer who enjoys going to the beach with her husband Greg and their family.
One day, Leslie found herself dissatisfied with the comfort of traditional beach chairs. This inspired her to design a comfortable and stylish beach chair, leading to the creation of Sunflow.
Leslie has a strong background in startups and is currently running three businesses: @LesliesFinds, PUNCHCASE by Leslie Hsu, and Sunflow, Inc.
How Was The Shark Tank Pitch Of Sunflow?
The founder of Sunflow impressed the Sharks with his pitch, but they were hesitant to invest right away.
He offered the Sharks a $1,000,000 investment in exchange for a 6% share of the company. Kevin O’Leary showed interest and made a deal, investing $1 million for a 5% equity stake, along with a royalty of $5 per chair sold until his $1 million investment was repaid.
What Happened To Sunflow Chair After Shark Tank?
After Sunflow appeared on Shark Tank, the brand gained widespread attention through free national TV exposure, making it well-known to many people.
The Shark Tank appearance had a significant positive impact, leading to a surge in demand for the product. Sales increased fourfold compared to the previous year. In response to the growing interest, the company expanded its product line to include items like The Towel, Wine Tumbler, Sunnies Case, Dry Bag, Bikini Bag, and more.
During their Shark Tank pitch, Leslie and Greg delivered an impressive presentation, convincing Kevin O’Leary to invest through a royalty deal. According to reports, the company raised an additional $3.5 million from other investors by November 2022.
Although some customers consider the Sunflow beach chair expensive, it is available for purchase on Amazon for those interested.
What Is The Sunflow Net Worth?
The current valuation of Sunflow is $16 million. If its popularity continues to grow and customers make repeat purchases, the company’s growth potential could increase significantly. Based on estimates, its valuation could grow by an additional $8 million in the near future.
Yes, Sunflow is still in business as of December 2022.
