BatBnB Shark Tank Net Worth 2023
Harrison and Chris presented their business idea to the Shark Tank investors, seeking an investment of $100,000 in exchange for a 16.5% ownership stake in their company, BatBnB. The investors were informed that BatBnB had a current valuation of $625,000.
During their presentation, Harrison and Chris showcased their product and provided samples for the investors to try. They explained the importance of their product and how it solves a particular problem.
They also shared some financial information about their company, stating that each gadget costs $89 to produce and is sold for $239. To date, BatBnB has generated $135,000 in revenue from their sales.
What is BatBnB? Who is the Founder of BatBnB?
BatBnB has designed a bat house that caters precisely to the needs of the animal, providing a safe environment for them to raise their young happily.
The world’s first bat house with an accompanying app, BatBnB, allows interested individuals to visit and keep the bats company without fear of disturbing their home.
In 2016, Harrison Broadhurst and Chris Rannefors, the founders of BatBnB, began conceptualizing their bat dwellings.
Rannefors had previously constructed bat shelters with his father as a child, while Broadhurst’s mother studied bats during her elementary school biology studies.
Bat populations have been decreasing due to habitat loss, disease, and wind turbines, while warmer and wetter winters have led to an increase in mosquito populations. Bats are known to be the world’s most effective natural mosquito control.
The BatBnB founders recognized the importance of bats and realized that the bat houses available on the market were poorly constructed and visually unappealing to bats.
BatBnB houses feature small niches preferred by bats, internal grooves for them to grip, and a rot-resistant, water-tight cedar frame.
They launched their company with a $119,782 IndieGoGo campaign in September 2017, with the backing of renowned bat biologist Merlin Tuttle.
BatBnB now serves customers in 47 states and seven foreign countries, offering seven different models at prices ranging from $95 to $350 for the Mammoth variant.
The BatBnB is designed to be mounted on a home, barn, or pole and provides an ideal environment for bats to live and raise their young securely.
The product also aims to improve people’s perceptions of bats by encouraging them to coexist with the animals and take advantage of their natural pest control abilities.
BatBnB sells directly to consumers through their website and Amazon, and their sleek and beautiful designs are sure to attract anyone who wants to provide a safe and appealing home for bats.
BatBnB Shark Tank Pitch
Harrison and Chris, the creators of the BatBnB, were keen to seek assistance from investors on Shark Tank for mass production and marketing.
They pitched the concept to the Sharks, offering a 16.5% stake in their bat home business valued at $625,000 in exchange for $100,000.
During the pitch, they emphasized the significance of their product and distributed samples. The cost of manufacturing one unit was $89, and it sold for $239, generating $135,000 in revenue. They anticipated sales of $145,000 for the year 2018.
Kevin had prior knowledge of bats from living in Tunisia as a teenager, but the other Sharks teased him about it. Harrison and Chris suggested selling to the county government, which they thought would benefit their business.
Robert and Mark both declined to invest, with Robert stating it was just a hobby. Lori was afraid of bats, and Daymond claimed to have many bats on his property without experiencing any pest problems.
Kevin offered $100,000 for a 33.3% ownership of the business, valued at $300,300. Harrison and Chris agreed on the condition that Kevin would wear a bat costume at some point in the future. Kevin accepted, and the deal was sealed.
Net Worth of BatBnB
During the pitch, the company was valued at $625, 000, due to additional sales made by the company the net worth might also raise.
BatBnB Shark Tank Updates
BatBnB is a company that produces sustainable bat houses that serve as anti-pest accessories. The company was founded by Harrison Broadhurst and Chris Rannefors, who appeared on Shark Tank in Season 10 Episode 23 seeking $100,000 for 16% of their business.
The sharks were concerned about the investment, and only Kevin O’Leary offered $100,000 for 33.3% of the company, which the founders accepted. The deal with Kevin O’Leary never went through.
Despite the failed deal, BatBnB has managed to stay in business and grow its internal sales numbers to about $1 million per year. The company has been featured in Architectural Digest and was listed as an approved bat house of Merlin Tuttle, a bat conservation organization.
In 2020, Harrison and Chris made the Forbes 30 Under 30 list. They also made news in Maine after Kennebec Estuary Land Trust won a BatBnB in an online competition for nonprofits devoted to bat conservation.
As of 2021, BatBnB is worth $1 million. The company sells directly to consumers through its website and Amazon, with a single unit costing about $80 and selling for about three times that amount.
BatBnB’s sleek and beautiful designs are sure to attract anyone who wants to provide a safe and appealing home for bats.
BatBnB Shark Tank Net Worth 2023
| TOPIC | INFORMATION |
| What is BatBnB? | A company that produces sustainable bat houses with an accompanying app that allows individuals to visit and keep the bats company without disturbing their home. |
| Founder | Harrison Broadhurst and Chris Rannefors |
| Investment Offered on Shark Tank | $100,000 for 16.5% ownership |
| Valuation on Shark Tank | $625,000 |
| Product Information | Each gadget costs $89 to produce and is sold for $239 |
| Revenue Generated | $135,000 |
| Sales Anticipated for 2018 | $145,000 |
| Shark Tank Investment Deal | $100,000 for 33.3% ownership offered by Kevin O’Leary |
| Forbes 30 Under 30 | In 2020, Harrison and Chris made the Forbes 30 Under 30 list |
| Current Worth | $1 million |
| Models | BatBnB offers seven different models at prices ranging from $95 to $350 for the Mammoth variant |
| Sales Channels | BatBnB sells directly to consumers through its website and Amazon |
BatBnB FAQs
What Is Batbnb Shark Tank?
BatBnB is a line of designer bat houses that provide an optimal place for bats to live and safely raise their young. The company was founded by Harrison Broadhurst and Chris Rannefors, who began sketching designs for their bat houses in 2016.
Each unit costs $89 to make and sells for $239. BatBnB appeared on Shark Tank in Season 10 Episode 23, seeking $100,000 for 16% of their sustainable bat house business.
Bats are known to eat up to 1,000 mosquitoes in one hour. BatBnB offers a perfect home for bats to raise their pups and stay safe from predators. Units can be placed on a wall, shed, barn, or pole in a yard. When local bats emerge from hibernation, they’ll find the BatBnB and gladly call it home.
BatBnB has managed to grow its internal sales numbers to about $1 million per year. The company has been in the headlines a few times and has managed to stay in business despite the deal with Kevin O’Leary never being finalized.
BatBnB is looking for a Shark to help them with mass production and wider distribution.
How Does Batbnb Shark Tank Work?
BatBnB is a company that specializes in building backyard homes for bats, which eat pests and insects that may be lurking nearby. Each bat house can be placed on a wall, shed, barn, or pole in a person’s yard, with an interior space that mimics the bat’s natural habitat.
The units can be purchased by customers for about three times the cost of production, which is $89 per unit. The company has generated $135,000 in revenue so far.
BatBnB’s mission is to reduce mosquitoes and pests by providing a safe habitat for bats to raise their pups and stay safe from predators. Bats are under threat all over the world, and BatBnB offers a perfect home for them.
The idea that bats are vicious monsters thirsting for human blood is a myth. In reality, bats avoid people. They sleep during the day and hunt pests at night.
In Shark Tank, Harrison Broadhurst and Chris Rannefors entered the tank seeking $100,000 for a 16% stake in their bat house business.
The sharks were concerned with the idea of making an investment, as they weren’t confident that the company was even investable in the sense that they could get their money back in a timely manner. However, the company has continued to grow and generate revenue since its appearance on the show.
What Happened To Batbnb After Shark Tank?
BatBnB is a company that produces designer bat houses. The co-founders, Harrison Broadhurst and Chris Rannefors, appeared on Shark Tank in season 10, seeking $100,000 for a 16% stake in their business.
While almost all the sharks went out, Kevin O’Leary offered $100,000 for 33.3% of the company, which the co-founders agreed to.
As of February 2023, BatBnB is still in business with annual revenue of less than $1 million. Both co-founders still have full-time jobs while running their bat business. The company has managed to grow its internal sales numbers to about $1 million per year.
In addition, they have managed to stay in business despite the deal with Kevin never being finalized.
BatBnB has been featured on a show called Innovation Nation with Mo Rocca. They are listed as an approved Bat House of Merlin Tuttle, which is a coveted seal of approval by a very important bat conservation.
The Kennebec Estuary Land Trust received a BatBnB in an online competition for bat conservation NGOs in 2020.
Is Batbnb Shark Tank Still In Business?
Yes, BatBnB is still in business as of August 2022. The company was featured on Shark Tank in season 10, where co-founders Harrison Broadhurst and Chris Rannefors pitched their designer bat houses to the Sharks.
They were seeking an investment of $100,000 for a 16% stake in their business. Kevin O’Leary offered $100,000 for a 33.3% stake, which the co-founders accepted.
Despite the deal not being finalized, BatBnB is still in business and has managed to grow its internal sales numbers to about $1 million per year. The company is still operating as of June 2021.
In 2020, the Kennebec Estuary Land Trust won a BatBnB in an online competition for nonprofits devoted to bat conservation. The co-founders are still running their bat business while maintaining full-time jobs.
What Is The Current Valuation Of Batbnb After Shark Tank?
The current valuation of BatBnB after Shark Tank is a bit unclear as there are conflicting reports. The investors were informed that BatBnB had a current valuation of $625,000 during their pitch on Shark Tank.
However, Geeks Around Globe reports that the founders of BatBnB, Christopher Rannefors and Harrison Broadhurst, have a net worth of $440,000 as of 2022.
BatBnB is worth $1 million as of 2021. They were also featured in Architectural Digest in a story titled, “Here’s Why the Bat House is Becoming a Thing.” It is important to note that the deal with Kevin O’Leary, which was made on Shark Tank, never went through.
In summary, the current valuation of BatBnB after Shark Tank is unclear and may vary depending on the source. However, it is clear that the company is still in business and has received positive attention from media outlets.
What is their offer on Shark Tank?
They were asking for $100,000 for 16% of the business, which is valued at $625,000.
Did they get an offer?
Yes, they received an offer from Kevin.
What is the offer?
They received an offer of $100,000 for 33.3% ownership of the business, which is valued at $300,300 from Kevin.
Who has used BatBnB?
The Kennebec Estuary Land Trust received a BatBnB in an online competition for bat conservation NGOs; this event made headlines in Maine in 2020.
How do you hang a bat house?
All bat homes should be mounted at a minimum of 10 feet above ground, and preferably 12 to 20 feet. Choose a sunny area on their house’s east or south facing side.
Bat homes perform optimally when exposed to at least 6-8 hours of direct sunshine (if only partial day sun is available- morning sun is preferable).
What makes a good bat house?
All bat homes should be at least 2 feet tall, contain chambers that are at least 20 inches tall and 14 inches wide, and a landing place that extends at least 3 to 6 inches below the entrance (some houses feature recessed partitions that offer landing space inside).
Even better are homes that are taller and broader.
What do I need to know about bat houses?
Bat homes should be erected on poles or structures that give the best predator protection. Wood or stone structures with adequate solar exposure are ideal candidates, as are positions beneath the eaves. All bat homes should be erected at least 12 feet above ground, preferably 15 to 20 feet.
Can you put bat house on a tree?
Bat homes may be erected on wooden posts, steel poles, pivot poles, or the walls of buildings, but not on trees for three reasons: They receive less sunlight in the shade of the branches. Bats find it more difficult to take flight when they encounter obstructions in the form of branches and surrounding plants.
Is bat poop toxic?
Perhaps you’ve heard that bat droppings might be hazardous to one’s health. One should not reject this as a myth so quickly. Bat excrement contains the fungus Histoplasma capsulatum, which is extremely dangerous to humans. Guano that has dried out and is breathed can cause a lung infection.
Are bat houses messy?
Greater is preferable. Mount the bat house at least 15 feet above the ground on a pole or the exterior of an outbuilding. Mounting it on your home is not a good idea because bats are known to harbor a variety of mites, fleas, and insects (and, on a rare occasion, rabies) that you want to keep away from your property. Additionally, bats are untidy.
What is the net worth of Harrison Broadhurst?
His net worth is unknown.
