Christmas Tree Hugger Shark Tank Net Worth 2023
Christmas Tree Hugger Shark Tank Net Worth
Ryan Kenny, the founder of The Christmas Tree Hugger, has a net worth of 2.5 million USD as of 2022. The company was valued at $500,000 during and after the pitch on Shark Tank USA in December 2018.
Since then, it has been in operation and potentially increased its net worth.The Christmas Tree Hugger is a product designed to make decorating Christmas trees easier.
It comes in two colors and is sold at retail stores such as Home Depot and Walmart. Despite not receiving any investments from the Sharks on Shark Tank, the episode led to a huge increase in sales for The Christmas Tree Hugger. Reviews for the product have been generally positive.
What is Christmas Tree Hugger? Who is the founder of Christmas Tree Hugger?
Ryan Kenny, the founder of the Christmas Tree Hugger company, created a wrap-around skirt that covers artificial Christmas trees with a dark synthetic material to improve their appearance and conceal the electrical wires used for lighting.
Despite holding a full-time position as the vice-president of global accounts at Aptar Group, he pursued his entrepreneurial passion by experimenting with various designs and materials to solve his wife’s dissatisfaction with their fake tree’s base.
He measured the bases of artificial trees in stores to develop a successful prototype and then filed patents for his invention.
The product is made of wet suit material, can fit any artificial tree, and comes in two designs: dark bark or birch bark, with a candy cane design on the reverse side.
A portion of the profits goes to a non-profit organization that provides Christmas trees to underprivileged families.
Kenny launched a successful IndieGoGo campaign in 2015 and gained QVC’s attention, propelling his business forward.
Christmas Tree Hugger Shark Tank Pitch
During the 2017 “Shark Tank Holiday Special,” Ryan Kenny tried to secure a $100,000 investment for his company, the Christmas Tree Hugger, in exchange for a 20% stake.
The company was valued at $500,000, and Ryan presented his product, offering samples to the Sharks.
He also shared that he had already made $50,000 in sales. Unfortunately, the Sharks were not interested in investing, and Ryan had to leave the pitch without a deal.
After appearing on the show, the product is now available seasonally at Wal Mart and Home Depot and year-round on Amazon.
As of August 2022, the company had $500,000 in annual revenue and was eagerly anticipating another Christmas season.
In episode 910 of the 2017 “Shark Tank Holiday Special”, Ryan revealed that he had done $50,000 in sales over the past year and a half. The product comes in several holiday-inspired designs
The product is available seasonally at Wal-Mart and Home Depot, and year-round on Amazon, even though the pitch did not result in a deal. The company is still active and looking ahead to the upcoming Christmas season..
Net Worth of Christmas Tree Hugger
The company was valued at $500,000 during and after the pitch, and since then, it has been in operation, potentially increasing its net worth.
Christmas Tree Hugger FAQs
What is Christmas Tree Hugger?
Christmas Tree Hugger is a dark-colored synthetic cover that covers the bottom of your artificial Christmas tree so you don’t have to see the green fuzzy bottom.
It conceals the wires for Christmas lights and is available in dark bark or birch bark.
Who is the founder?
Ryan Kenny is the creator and founder of the product. He has a background in advertisement design, and has worked as an art director for 15 years.
He presently runs the firm while continuing to work full time with Aptar Group as vice-president of global accounts.
How much was seeking on Shark Tank?
Ryan was seeking for $100,000 for 20% stake in the business. The company was worth $500,000 at the time of airing.
Did Ryan get the deal?
No, Ryan did not get a deal.
Is Christmas Tree Hugger still in business?
Yes, it is still operating and available for purchase.
Where is Christmas Tree Hugger located?
According to the company’s website, Christmas Tree Hugger is located in Indiana and ships from there.
What is Christmas Tree Hugger website?
The Christmas Tree Hugger website is http://TheChristmasTreeHugger.com/
Which episode was Christmas Tree Hugger was aired on Shark Tank?
It was aired on October 29, 2017 in episode 910 on the 2017 “Shark Tank Holiday Special,” which was titled “Things That Go Bump in the Night.
How can I buy Christmas Tree Hugger?
They’re available on Amazon if customers don’t want to wait for them to be stocked in stores. They can also purchase them directly from their website.
How to Use Christmas Tree Hugger?
It’s very simple, just wrap it around the bottom of the tree and secure in place by clipping off any excess material.
What Does Christmas Tree Hugger Do?
The Christmas Tree Hugger keeps the base of the artificial tree looking natural by concealing its wiring and plug.
How much is Christmas Tree Hugger?
It’s $17.95 for one and $20.95 for two.
Where Can I see Christmas Tree Hugger in action?
Customers can view Christmas Tree Hugger YouTube Channel.
Where can I get Christmas Tree Hugger?
The product is widely available for purchase at Wal-Mart and Home Depot, as well as on Amazon. Customers can get them in their local Wal-Mart and Home Depot stores in the winter season from October to April or year round from May through September.
How long will Christmas Tree Hugger Last?
It’s expected that it will last for several more years.
Is Christmas Tree Hugger shipping?
It’s available for shipping from their website and is capable of being shipped in a flat rate box.
Does Christmas Tree Hugger have a warrant?
Yes, it does have a 1 year warrant from the day of purchase.
Can Christmas Tree Hugger be cut?
It’s not recommended that anyone cuts the Christmas Tree Hugger. They’re designed to fit around any tree and are exceptionally stretchable, flexible, and bendable.
What is the dimension of Christmas Tree Hugger?
The box dimensions are 12 inches long by 12 inches wide by 2 inches tall. It has a green label on its side with pictures of dark bark and birch bark on it.
What is the return policy of Christmas Tree Hugger?
The return policy is simple; the company accepts returns for any reason with a receipt within 60 days of purchase.
What is Christmas Tree Hugger made of?
It’s made of polypropylene plastic.
What is the net worth of Ryan Kenny?
Ryan Kenny’s net worth is estimated to be $1.5 million.