Little elf gift wrap cutter is an handy tool that i have personally used for myself, if you are interested in knowing there net worth then keep on reading.
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What is Little Elf Gift Wrap Cutter?
Little Elf Gift Wrap Cutter, conceived by Bryan Perla, is a game-changer in the world of gift wrapping. Launched in 2016, this innovative device simplifies the process of cutting wrapping paper with precision and ease, addressing the common challenges faced by gift wrappers.
Originating from Perla’s senior year project at Vinchendon School, the product gained momentum through a successful Kickstarter campaign in 2018, raising $130,125. It further captured attention on Shark Tank, securing a deal with Lori Greiner.
Little Elf Gift Wrap Cutter, along with its companion product, the Little Elf Gift Wrap Tape, streamlines the gift wrapping experience by combining cutting and gluing functionalities. The products are available on Amazon and the company’s website.
| Company Name | Little Elf Gift Wrap Cutter |
| Founder | Bryan Perla |
| Founded | 2016 |
| Headquarters | West Boylston, Massachusetts, US |
| Product | Little Elf Gift Wrap Cutter and Little Elf Gift Wrap Tape |
Little elf gift wrap cutter net worth
As per various trusted sources and inside people, the net worth of Little Elf Gift Wrap Cutter is estimated to be around $2.2 million in 2024.
Founded by Bryan Perla in 2016, the company has seen substantial growth, particularly after securing a deal on Shark Tank with Lori Greiner.
Sources tells us that company is making monthly sales of about $10,000 to $30,000 and rising in the festive seasons.
Founder Story
Bryan Perla, the CEO of Little ELF Products, Inc., is a Stanford University alum with a degree in Product Design. Bryan has not only transformed his innovative idea into the successful Little Elf Gift Wrap Cutter but has also shared his insights on these topics.
Based in Boston, Massachusetts, Bryan’s journey began during his high school years when he noticed the challenges people faced while cutting wrapping paper.
After launching Little Elf in 2016 and successfully raising $130,125 through a Kickstarter campaign in 2018, Bryan showcased his entrepreneurial spirit on Shark Tank, securing a deal with Lori Greiner.
Despite the demands of both business and education, Bryan graduated from Stanford University in June 2022, majoring in Product Design.
Now fully committed to Little Elf, Bryan has overseen the company’s expansion into major retail stores and its remarkable annual revenue of $1.6 million as of Feb 2024.
What happened on shark tank appearance?
| Shark Tank Episode | Season 11, Episode 9 |
| Pitched by | Bryan Perla, CEO of Little ELF Products, Inc. |
| Product Pitched | Little Elf Gift Wrap Cutter |
| Ask | $150,000 for 15% equity |
| Valuation | $1.1 million |
| Deal Secured | Lori Greiner offered $150,000 for 20% equity |
| Other Offers | Kevin O’Leary offered $150,000 for 10% equity + $1 per-unit royalty until $450,000 |
| Outcome | Lori Greiner’s offer accepted, securing the deal |
| Special Agreement | Exclusive licensing agreement with the largest gift-wrapping company globally, with online and home shopping network rights retained by Bryan |
| Sales at Time of Filming | $250,000 |
| Product Pricing | 2-pack for $13.99, individual packs for $5.99-$7.49 |
| Notable Mention | Bryan’s struggle with severe Dyslexia, which he overcame in his entrepreneurial journey |
| Additional Comments | Bidding war between Lori and Kevin, ultimately Lori Greiner’s equity-only deal was accepted |
| Current Status | Successful, with around $2.2 million in net worth; Expansion into over 15,000 retail stores, including major retailers like Target and Walmart |
During Bryan Perla’s appearance on Shark Tank, he introduced Little Elf Gift Wrap Cutter, aiming to secure a $150,000 investment for 15% equity.
In his pitch, Bryan highlighted the common struggles people face while cutting wrapping paper and demonstrated how Little Elf provided a solution.
When Bryan pitched on Shark Tank, Little Elf had already made $250,000 in sales. The 2-pack was priced at $13.99, and single packs ranged from $5.99 to $7.49, depending on how many you bought.
Bryan’s story was even more amazing because he struggled with reading and writing due to severe Dyslexia.
The Sharks were eager to invest. Lori Greiner, known as the QVC queen, offered $150,000 for 30% ownership. Kevin O’Leary proposed $150,000 for 10% ownership, plus $1 for every Little Elf sold until he made $450,000.
Lori and Kevin battled it out, but Bryan wanted a deal without extra costs. Lori eventually won with $150,000 for 20% ownership.
Business Model
Little Elf Gift Wrap Cutter’s business is all about making gift wrapping easy and fun. Led by CEO Bryan Perla, the company creates a special cutting tool, the Little Elf, designed to make wrapping paper cutting a breeze.
You can get the Little Elf directly from their website or popular online platforms like Amazon. Plus, it’s now available in big stores like Walmart and Target. They offer different buying options, including individual packs or a more budget-friendly two-pack.
Little Elf also teamed up with major gift-wrapping companies to reach even more people. They make money by selling their innovative cutting tool and have seen great success, appearing on shows like Shark Tank and expanding into thousands of stores.
How is their current business in 2024?
In 2024, Little Elf Gift Wrap Cutter is doing really well. They make monthly sales between $10,000 and $30,000, and during festive seasons, their sales go even higher.
People in the United States love their product, especially since they appeared on Shark Tank and did some cool marketing.
Social Media Presence
little elf gift wrap cutter can be found on various social media platforms which we highly recommend you to follow because they regularly post discount offers over their. following are the links:
Frequently Asked Questions
As of 2024, it’s estimated to be worth around $2.2 million. Not bad, right? The company has grown a lot, especially after the Shark Tank success.
Little Elf Gift Wrap Cutter is a handy tool created by Bryan Perla to make wrapping gifts super easy. Launched in 2016, it’s great for cutting wrapping paper neatly. It got even more famous after being on Shark Tank and making a deal with Lori Greiner.
You can get Little Elf Gift Wrap Cutter and its friend, the Little Elf Gift Wrap Tape, from Amazon or the company’s website.
In 2024, Little Elf is doing great! It’s worth about $2.2 million, and they make monthly sales between $10,000 and $30,000. People in the U.S. love it, especially after the Shark Tank appearance.
