Honey Bunchies is a company that makes Honey Bunchies Gourmet Honey Bars, which are a unique kind of snack. Honey, nuts, and other natural ingredients are used to make these bars, which have become popular among people who want a healthier and more natural snack.
As these bars have become more popular, people have become more interested in how much the company is worth. Based on the information we have, we will try to figure out how much Honey Bunchies is worth.
Honey Bunchies Net Worth
If you enjoy sweets, it can be difficult to maintain your fitness. Thankfully, there are now healthy treats like Honey Bunchies available that don’t include gluten, dairy, or soy. Kendra Bennett, the founder, recently presented her product on Shark Tank, but no deal was made. Honey Bunchies is expected to be worth $2 million in 2023.
About the Founders
Since Kendra Bennet is the daughter of the original founder, Ed Payne, the company is a family enterprise. The business was founded with assistance from Kendra’s mother Jennifer and her brother Edward. They live in Longmont, Colorado, with their family.
A veteran of the US Air Force, Ed Payne flew fighters during the Vietnam War. He was also emulated by his son. Kendra worked as a teacher of English and a volunteer for the Tecnológico de Monterrey.
After Shark Tank
The episode received about 4 million viewers, and the family is preparing for a significant increase in website traffic and order volume. Following the filming, they made the decision to change their name to Bon Bee Honey to better represent their brand. The choice might have a minor effect on the publicity that comes from being on Shark Tank.
Many thousands of fans may not find their product when searching for “Honey Bunchies” on Google. They now collaborate with merchants like Walmart and 7/11. They now have the chance to sell their goods in each and every store in the US thanks to 7/11. Only about 100 shops, including King Soopers, 7/11, Kroger, Whole Foods Market, and Natural Grocers, currently sell their honey-based snacks.
Additionally, you can purchase right from HoneyBunchies.com. On their website, 124 customers have given their renowned gourmet honey bars five stars. Although it’s still unclear how the business will fare after Shark Tank, it has a lot of potential given its $2 million valuation.
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How Did Honey Bunchies Get Started?
Steve and Gail Trenkle, a couple from Longmont, Colorado, started Honey Bunchies in 2016. Gail had experience in marketing, and Steve had a passion for making homemade granola bars. They came to the decision to make their hobby into a business together, and they started selling their nut and honey bars at nearby farmer’s markets.
The couple started selling their bars online and in nearby shops after realizing how popular they were. They also began going to trade shows and other events to display their goods, which helped them reach a larger audience and draw in more clients.
What Makes Honey Bunchies Unique?
The distinctiveness of Honey Bunchies’ product is one of the factors contributing to its success. Their nut and honey bars are handcrafted in small batches using premium ingredients, guaranteeing the highest quality in each bar. Additionally, they use a secret honey caramel recipe that gives their bars a distinct flavor that makes them stand out from other snack bars available.
In addition to being dairy-free, gluten-free, and soy-free, Honey Bunchies bars are a fantastic snack choice for people with dietary restrictions. A healthier alternative to other snack bars that are laden with preservatives and artificial ingredients, they are also made with whole, natural ingredients.