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What is Bunny Eyez?
Bunny Eyez, founded by sisters Jenny Hutt and Stacy Fritz, is a revolutionary eyewear brand named in honor of their late mother, Bunny Koppelman.
Unlike traditional reading glasses, Bunny Eyez offers a new perspective with its wearable, tilt-able, and flippable design.
These glasses break away from the stereotypical image of your mother’s reading glasses, combining functionality with stylish adaptability for modern lifestyles.
Bunny Eyez Net Worth
After their appearance on Shark Tank, Bunny Eyez experienced a significant boost in their net worth. The pitch valuation for the company was set at $2 million, and they accepted an investment offer from renowned shark Daymond John.
John offered $200,000 for a 20% equity stake in the company, along with a $2 royalty per unit sold. This deal ultimately led to a final valuation of $1 million for Bunny Eyez. Today, Bunny Eyez’s net worth stands at an impressive $1 million.
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Founder Story
Bunny Eyez was founded in 2017 by sisters Stacy Fritz and Jenny Hutt. Jenny, also known as Jennifer Koppelman Hutt, is a lawyer by profession and hosts a podcast show called The Jenny Podcast.
Stacy and Jenny, the creators of Bunny Eyez, got the idea for their special reading glasses while sitting together and getting their hair colored. They were annoyed that they couldn’t wear regular reading glasses during this time.
So, they decided it was time for a new kind of reading glasses that you could wear while doing all sorts of activities—cooking, giving a presentation, or anything else.
After trying out different versions, they came up with Bunny Eyez®, the perfect reading glasses for whatever you’re up to.
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Shark Tank Appearance
In Season 15, Episode 7 of Shark Tank, Bunny Eyez, a unique eyewear brand, grabbed the spotlight. Founded by Jenny Hutt, Stacy Fritz, and Andrea Gluck, Bunny Eyez offers tilt-able and flippable reading glasses.
Jenny’s frustration at the salon sparked the idea for glasses that could be flipped and tilted. Named after their late mother, Bunny, the glasses aim to solve a common problem—wearing glasses while doing various activities.
The sharks were interested in Bunny Eyez’s market performance. Andrea revealed that Bunny Eyez had sold over 200,000 units since its inception in 2018, generating more than $5 million in lifetime sales.
However, they faced challenges after reaching a sales peak of $1.9 million in 2019, as subsequent years saw a decline.
Their Shark Tank pitch also highlighted Bunny Eyez’s flexibility and two utility patents on their hinge. Despite facing sales challenges, with revenues fluctuating over the years, the founders sought a $200,000 investment for 10% equity.
After some sharks bowed out, Daymond John seized the opportunity, offering $200,000 for 20% equity and a $2 per unit royalty, with conditions.
The founders accepted, and Bunny Eyez thrived post-Shark Tank, proving the power of a Shark Tank deal in boosting exposure and sales.
Business Model
Bunny Eyez has built its success on a unique business model that combines style, innovation, and functionality. The company offers a wide range of reading glasses that are not only fashionable but also provide a comfortable fit for users.
The glasses feature a flexible design that allows for easy adjustment and ensures a perfect fit on any face shape.
One of the key selling points of Bunny Eyez glasses is their ability to elevate the visual spectrum. The company aims to redefine the concept of eyewear by offering stylish options that enhance the overall visual experience for wearers.
This commitment to innovation has resonated with customers, contributing to the company’s growth and success.
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Where to buy Bunny Eyez Products?
One of the most convenient ways to buy Bunny Eyez glasses is through their official website.
The website provides a user-friendly interface where customers can browse through their collection, select their preferred style, and make a purchase with ease.
Additionally, the website offers detailed product descriptions and customer reviews, allowing potential buyers to make informed decisions.
Apart from their official website, Bunny Eyez glasses are also available on popular e-commerce platforms such as Amazon.
Social Media Presence
Bunny Eyez understands the importance of a strong social media presence in today’s digital age.
The company actively engages with its audience through various social media platforms, including Instagram, Facebook, and Twitter.
By leveraging these platforms, Bunny Eyez not only showcases its latest products but also interacts with customers, addressing their queries and concerns.
Conclusion
In conclusion, Bunny Eyez emerged from the Shark Tank with a promising partnership with Daymond John. their innovative brand will definitely grow under this partnership and we believe their net worth will double in the upcoming year 2024.
As the company continues to expand its product line and reach a wider audience, one can only wonder what new heights Bunny Eyez will reach in the future. Will it become a household name? Will it revolutionize the eyewear industry? Only time will tell, but one thing is for certain, new giant has rised in this episode of shark tank.
