Honey Bunchies Energy Snack Update | Shark Tank Season 14
Kendra Bennet created a line of allergy-friendly energy snack bars, based on a recipe created more than three decades ago. Will she earn a deal on
Shark Tank Honey Bunchies Update
- Entrepreneurs: Kendra Bennet
- Business: Allergy-friendly energy snack bars
- Ask: $200,000 for 10% equity
- Result: No deal
- Sharks: None
The allergy-friendly snack company launched in 2010, when Kendra’s father took the initial steps to start Honey Bunchies. However, retailing the product didn’t actually get started for another three years.
42% of each bar is pure, unfiltered honey combined with coconut and almonds, covered with lightly salted and roasted sunflower kernels. Made with simple, all-natural ingredients that are gluten free, dairy free, grain free and soy free. We thoroughly clean our production equipment between every batch.
Honey Bunchies now has its snack bars in more than 1,200 retail locations, including Whole Foods.
Honey Bunchies energy snack bars cost $0.81 to produce and are listed at a retail price point of $2.99.
The company’s year-to-date sales were $300,000 and are expected to reach approximately half a million in gross revenue by the end of the year. Kendra’s business would net a profit of about $22,000 if those projections hold true.
Because of partnerships with 7-Eleven, and three nationwide distributors as well, Kendra expects to jump to more than $2 million in gross revenue during the 2023 calendar year.
Unfortunately, due to the company’s valuation and the competitive industry, all of the sharks dropped out. Kendra left
We have some interesting news to share in our Honey Bunchies update! Since appearing on
The company is still in business and continues to expand its retail presence. While we weren’t able to find any new revenue numbers in our Honey Bunchies update research, appearing on
Products are available on Amazon and the Bon Bee Honey website.
Do you want to learn about the other companies featured in Season 14 Episode 20? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 14 Products Page!
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Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!