Shark Tank Bunny Eyez, a tilt-able and flippable reading glasses product founded by Jenny Hutt, Stacy Fritz, and Andrea Gluck, telecasted Shark Tank USA in 2023 on Season 15. The founders were seeking $200,000 for 10% equity for their business. However, they secured a deal with Daymond John, 20% equity+ a $2 royalty until $200,000 is paid, then equity drops to 15%. In this article, we will explore Bunny Eyez’s net worth in 2024, its Shark Tank pitch summary, and more.
Bunny Eyez Net Worth
As of August 2024, Bunny Eyez’s net worth is $1.5 million, and its annual revenue was $400K.
| Net worth | $1.5 million |
| Annual Sales Revenue | $400K |
| Profits | Not Available |
| Lifetime sales | $5 million (2024) |
| Employees | 2-10 Employees |
Bunny Eyez Net Worth Timeline
| Net Worth 2024 | $1.5 million |
| Net Worth 2023 | $1 million |
Shark Tank Bunny Eyez Update from Season 15
Stacy, Jenny, and Andrea presented their business on Shark Tank, asking for $200,000 in exchange for 10% ownership valued at $2 million. There, Jenny shared how a visit to a hair salon sparked the idea for Bunny Eyez.
Jenny recalled the time at the hair salon when she kept removing her reading glasses while the stylist was working. This led her to think like this, ‘I wish I could just flip the temple of my glasses and hold them in my hand.” That idea later turned into reality. Jenny and her partners designed the first reading glasses that you can flip and tilt.
It is a particular type of reading glasses. You can adjust, tilt, and flip these glasses quickly, making them comfortable to wear. The main feature is their patented black diamond hinge, which lets you wear the glasses normally or flip the temples for more flexibility.
Also, the product is available in 10 shapes for men and women and in various colors. You can wear Bunny Eyez in different ways, like opera glasses, making them practical and stylish. Their innovative design has made them popular with many people, including celebrities like Kaley Cuoco, Kristin Bell, Debra Messing, and Hoda Kotb.
After their pitch, Barbara Corcoran asked how the public reacted to their product. Andrea shared that since starting the company in 2018, they have sold over 200,000 units, bringing in a little over $5 million in total sales. Even with this early success, they faced some sales challenges along the way.
In 2018, they made about $600,000 in sales, which jumped to $1.9 million in 2019. However, in 2020, sales dipped to $1.3 million, followed by 2021, they dropped to $700,000, and in 2022, that figure was a little over $400,000. Despite these setbacks, they stressed their commitment to making a solid comeback.
Daymond John then asked for more details about their costs. There, the founders shared that each pair of glasses costs $3.70 to produce, and its protective cases cost $0.60 to make. Also, they priced the glasses between $35 and $40.
Kevin talked first about the deal but then decided he wasn’t the right fit for the business, so he dropped out. Mark Cuban also chose not to invest because he thought marketing the product effectively would be challenging in today’s social media-driven market. Barbara believed selling the glasses in stores would be too hard because someone had to demonstrate the product’s features. So, she decided not to invest.
Then, Daymond offered $200,000 for 20% equity and a $2 royalty per unit, valuing the company at $1 million. Once he gets his investment back, the royalty will end, and his share will drop to 15%. At the moment, Lori Greiner agreed that Daymond’s offer was a good one, so she also decided not to invest. Finally, The women accepted Daymond’s deal and left the tank with a deal.
| Company Name | Bunny Eyez |
| Founders | Jenny Hutt, Stacy Fritz, and Andrea Gluck |
| Business | A tilt-able and flippable reading glasses |
| Episode | Season 15, Episode 07 |
| Asked Deal | $200,000 for 10% equity |
| Final Deal | $200,000 for 20% equity stake and a royalty of $2 per unit until the investment is repaid, then the royalty goes away and the equity drops to 15% |
| Shark | Daymond John |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Bethpage, New York, USA |
Summary of the Sharks’ Deal List!
| Shark | Offer | Counter Offer |
| Daymond John | $200,000 20% equity+ a $2 royalty until $200,000 is paid then equity drops to 15% | No |
| Mark Cuban | No | N/A |
| Kevin O’Leary | No | N/A |
| Lori Grinear | No | N/A |
| Barbara Corcoran | No | N/A |
What Happened to Bunny Eyez after Shark Tank?
As of August 2024, the Bunny Eyez is still in business. The show helped them reach millions of viewers and boosted their sales. They have a large social media following and endorsements from celebrities like Soda Kotb and Kaley Cuoco, along with positive reviews. They are continuing to work hard and now expanded their eyewear line.
The deal with Daymond John brought them both financial help and valuable industry connections. They now offer Bunny Eyez Guyz for men and Banz Eyewear, which are sunglasses with the same adjustable features. They also started the Bunny Eyez Foundation to give free eyeglasses to people in need.
Moreover, they are now looking for help to grow their distribution. They are reaching more customers by getting their glasses into big-box stores and other retailers. Their website, BunnyEyez.com, offers a wide range of frame styles, colors, and lens options so customers can find the perfect pair to suit their needs and style.
Bunny Eyez Founders
Jenny Hutt, Stacy Fritz, and Andrea Gluck are the founders of Bunny Eyez. The company started in 2018. Jenny and Stacy, who are sisters, named the company after their late mother, Bunny Koppelman. We don’t know their net worths publicly as of 2024.
Bunny Eyez Achievements and Awards
| Year | Achievements and Awards |
| 2023 | The company was highlighted in several well-known magazines, including US Weekly, People, and The Oprah Magazine The company was featured in Shark Tank and secured a deal from Daymond John |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. The show featured Bunny Eyez as one of the ventures. They made a deal with Daymond John, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 07.
