Categories: News

Honey Bunchies Bars Fail to Land a Deal on Shark Tank, but Remain Optimistic for the Future

&NewLine;<p class&equals;"has-medium-font-size">The popular television show Shark Tank aired a new episode on April 14th&comma; featuring Kendra Bennett&comma; who presented her unique Honey Bunchies Bars&period; <strong>Seeking a &dollar;200k investment in exchange for 10&percnt; of her company<&sol;strong>&comma; Kendra shared the story behind her business&period; Her father&comma; a diabetic&comma; needed a healthy source of energy to keep his blood sugar levels in check&period; Her mother created a honey-based snack that tasted great and provided him with the necessary energy&period; Kendra recreated the recipe&comma; improving it and creating a unique bar that contains coconut honey&comma; which is the secret ingredient that makes it so special&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<figure class&equals;"wp-block-image aligncenter size-large"><img src&equals;"https&colon;&sol;&sol;wud&period;tpx&period;mybluehost&period;me&sol;website&lowbar;9bd75fcc&sol;wp-content&sol;uploads&sol;2023&sol;04&sol;165140&lowbar;0810-1024x682&period;jpg" alt&equals;"Honey Bunchies on Shark Tank 2023" class&equals;"wp-image-67111"&sol;><figcaption class&equals;"wp-element-caption">SHARK TANK &&num;8211&semi; &OpenCurlyDoubleQuote;1417” &&num;8211&semi; Entrepreneurs come into the Tank eager to secure a deal with a Shark&period; This episode features pitches including a nutrient-rich energy bar&comma; a gender-neutral clothing brand&comma; a portable children’s toy and a healthy Mexican snack company&period; FRIDAY&comma; APRIL 14 &lpar;8&colon;00-9&colon;01 p&period;m&period;&rpar;&comma; on ABC&period; &lpar;ABC&sol;Christopher Willard&rpar;&NewLine;KENDRA BENNETT<&sol;figcaption><&sol;figure>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class&equals;"wp-block-heading">The Sharks React<&sol;h2>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size">When the sharks tried the bars&comma; they loved the taste and the fact that it was a healthy snack&period; Kendra shared that the bars were already being sold in Whole Foods&comma; with a retail price of &dollar;2&period;99 per bar&period; She also disclosed that it costs 81 cents to produce a single bar&comma; and the company made &dollar;300k year-to-date&period; They expect to make &dollar;519k the following year&period; However&comma; Kendra anticipates even greater sales in the &dollar;1-2 million range&comma; thanks to the company&&num;8217&semi;s expansion into Seven-Eleven stores&comma; three nationwide distributors&comma; a national retailer that sells by the box&comma; and online sales&period; They also have a private label client who is owned by two world-renowned athletes&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size">Despite the optimism and great potential&comma; not all sharks were interested in investing&period; Mark Cuban praised the bars&comma; saying that they were amazing&comma; but he believed that the energy bar and candy bar business was brutal and decided to go out&period; Lori Greiner&comma; who is known for her investments in the food industry&comma; said that she personally did not like honey and needed to love what she invested in&period; She also passed on the deal&period; Daymond John&comma; who has experience with family businesses&comma; said that they are tough for an investor&comma; and he decided not to invest either&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class&equals;"wp-block-heading">Did Honey Bunchies Get a Deal&quest;<&sol;h2>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size">The last to comment was Kevin O’Leary&comma; who said that the valuation was completely insane&period; <strong>Unfortunately&comma; Honey Bunchies did not get a deal on Shark Tank&period;<&sol;strong> However&comma; Kendra remains optimistic and believes that her company will still soar and become successful&comma; despite not landing a deal on the show&period; With their expansion into new markets and a growing customer base&comma; the future is bright for Honey Bunchies&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size">In conclusion&comma; Shark Tank featured Kendra Bennett and her Honey Bunchies Bars on April 14th&period; The bars are a unique&comma; healthy snack that contains coconut honey and are already being sold in Whole Foods&period; Kendra anticipates even greater sales in the future&comma; thanks to the company&&num;8217&semi;s expansion into new markets and online sales&period; Despite not getting a deal on the show&comma; Kendra remains optimistic about her business&&num;8217&semi;s future&period; While not all sharks were interested in investing&comma; Honey Bunchies Bars are still expected to soar and become successful in the coming years&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class&equals;"wp-block-heading">Where Can You Buy It&quest;<&sol;h2>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size">You can check out the <a href&equals;"https&colon;&sol;&sol;amzn&period;to&sol;404Z9jG" target&equals;"&lowbar;blank" rel&equals;"noopener" title&equals;"">honey bunchies bar on Amazon now<&sol;a>&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<hr class&equals;"wp-block-separator has-alpha-channel-opacity"&sol;>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size"><strong>Related<&sol;strong><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size"><a href&equals;"https&colon;&sol;&sol;wud&period;tpx&period;mybluehost&period;me&sol;website&lowbar;9bd75fcc&sol;news&sol;whos-on-shark-tank-this-week-april-14-2023-full-list-inside&sol;">Who’s on Shark Tank This Week &lpar;April 14&comma; 2023&rpar;&quest; Full List Inside&excl;<&sol;a><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size"><a href&equals;"https&colon;&sol;&sol;wud&period;tpx&period;mybluehost&period;me&sol;website&lowbar;9bd75fcc&sol;news&sol;plushies-and-profits-play-maysie-finds-a-shark-tank-home&sol;">Plushies and Profits&colon; Play Maysie Finds a Shark Tank Home<&sol;a><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-medium-font-size"><a href&equals;"https&colon;&sol;&sol;wud&period;tpx&period;mybluehost&period;me&sol;website&lowbar;9bd75fcc&sol;news&sol;dapper-boi-leaves-shark-tank-without-a-deal-but-with-a-mentorship&sol;">Dapper Boi Leaves Shark Tank Without a Deal But With a Mentorship<&sol;a><&sol;p>&NewLine;<div class&equals;"saboxplugin-wrap" itemtype&equals;"http&colon;&sol;&sol;schema&period;org&sol;Person" itemscope itemprop&equals;"author"><div class&equals;"saboxplugin-tab"><div class&equals;"saboxplugin-gravatar"><img src&equals;"https&colon;&sol;&sol;wud&period;tpx&period;mybluehost&period;me&sol;website&lowbar;9bd75fcc&sol;wp-content&sol;uploads&sol;2019&sol;04&sol;avatar-icon-of-girl-in-a-wide-brim-felt-hat-vector-16225029&period;jpg" width&equals;"100" height&equals;"100" alt&equals;"Courtney" itemprop&equals;"image"><&sol;div><div class&equals;"saboxplugin-authorname"><a href&equals;"https&colon;&sol;&sol;feelingthevibe&period;com&sol;author&sol;courtney&sol;" class&equals;"vcard author" rel&equals;"author"><span class&equals;"fn">Courtney<&sol;span><&sol;a><&sol;div><div class&equals;"saboxplugin-desc"><div itemprop&equals;"description"><p>Courtney Rose is an Entertainment Writer at Feeling the Vibe Magazine based in New York&period; Pop culture and rom-com obsessed&period; Studied Journalism and is up to date on all the latest entertainment news&period; For tips or comments&comma; email me at Courtney&commat;feelingthevibe&period;com<&sol;p>&NewLine;<&sol;div><&sol;div><div class&equals;"clearfix"><&sol;div><&sol;div><&sol;div>

Tags: Shark Tank

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