Sunflow Beach Chairs Shark Tank Net Worth – What Happened After Shark Tank?

Sunflow Beach Chairs Shark Tank Net Worth

Sunflow Beach Chairs is a premium beach brand that appeared on Shark Tank Season 13 Episode 16. The founders, Leslie Hsu and Greg Besner, asked for $1 million in exchange for 6% equity in their company valuing the company at $16 million. 

Kevin O’Leary offered them $1 million for 5% equity plus $5 per chair royalty until $1 million was recouped. They accepted the deal with Kevin, which increased the net worth of the company to $20 million with a royalty deal.

Before appearing on Shark Tank, Sunflow had already been successful. Its sales grew by 4x after being featured on the show.

Sunflow Beach Chairs is still in business and its net worth is valued at $16 million as of 2022. The company has made around $3-4 million in annual revenue. On their website, the beach chairs have a 4.8-star rating from 191 reviews.

Despite being just a year old when it appeared on Shark Tank, Sunflow’s business was performing well. It had made $2.9 million in sales and sold 100% of its product directly to consumers.

What Is A Sunflow Beach Chairs? Who Is The Founder Of Sunflow Beach Chairs?

A Sunflow beach chair is a high-quality, aesthetically pleasing beach chair that is comfortable, durable, easy to carry, foldable, and reclining. It has four recliner settings and comes with attachments such as a canopy, a cup holder, and a bag.

The chair weighs 9.4 lbs with a recommended weight limit of 250 lbs and can be carried like a backpack for easy transport.

It also features an advanced design that makes you feel like you’re lounging on a hammock rather than a clunky, uncomfortable folding chair due to the lack of bar between the backrest and the seat.

The Sunflow beach chair has earned an impressive 4.8-star rating from beachgoers, many of whom called it “life-changing” and “the best seat on the beach”.

Leslie Hsu is the founder of Sunflow beach chairs. She started the company in the summer of 2020 with her husband, Greg Besner, who is a serial entrepreneur.

Leslie Hsu is a handbag designer and has leveraged her design expertise to create a stylish and comfortable beach chair that is portable and durable.

The couple spends as much time as possible at the beach with their two daughters and over the years, they have lamented how hard it is to find a beach chair that meets their needs.

Sunflow’s high-end beach chairs have been successful since they launched online and in a Hamptons pop-up in June 2020. They sold out almost immediately despite costing $198 each. Sunflow’s direct-to-consumer sales generated approximately $2.9 million by July 2021 when Leslie Hsu and Greg Besner pitched their product on Shark Tank.

Leslie Hsu has proven that with perseverance, design expertise, and a strong business plan, you can build a successful company during a pandemic.

What Happen To Sunflow Beach Chairs At The Shark Tank?

During their appearance on Shark Tank, entrepreneurs Greg Besner and Leslie Hsu pitched their Sunflow beach chairs with accessory options, asking for $1 million for 6% equity.

Daniel Lubetzky was moved by the couple’s story, which reminded him of his own father’s struggles. Lubetzky offered them $1 million for a 22.5% stake in their business.

However, they became so engrossed in answering Mark’s questions that they failed to respond to Lubetzky’s offer, causing him to withdraw it.

As a result, the other sharks also declined to invest. Kevin was the only one left, and he proposed to give them $1 million for a 5% equity stake and a royalty until he had earned back $2 million.

They countered with a proposal for a 5% equity stake and a royalty for up to $1 million. Kevin then offered to give them 6% for $2 million, and the couple accepted his original proposal.

The sharks were impressed with the product but expressed concern about the high valuation and the price of the chairs.

Kevin O’Leary made a deal with them for $1 million for 5% equity plus a $5 per chair royalty until he recouped $1 million.

What Happen To Sunflow Beach Chairs After The Shark Tank?

Sunflow beach chairs have continued to grow since appearing on Shark Tank. The company has released more accessories since airing on the show, including a sunglasses case, towel, and bikini bag available on its website.

Sunflow makes around $3-4 million in annual revenue and is worth an estimated $16 million. On their website, the beach chairs have a 4.8-star rating from 191 reviews.

The company started in January 2018 and now is catering to the wild audacious goal they have of close to $16 million. Sales of the Sunflow beach chair have taken off since New Jersey couple Leslie Hsu and Greg Besmer began selling them direct-to-consumer online in 2019.

The couple countered that 60% of their customers purchase every single major accessory for the chair, which pushes the total price closer to $300 before tax.

In conclusion, Sunflow Beach chairs are still in business and growing after appearing on Shark Tank. They have expanded their product line with more accessories and continue to make millions in annual revenue.

Is Sunflow Beach Chairs Still In Business?

Yes, Sunflow Beach Chairs is still in business as of December 2022. Sunflow Beach Chairs is a high-end beach chair brand that was featured on Shark Tank Season 13 Episode 16.

The founders of Sunflow, Leslie Hsu and Greg Besner, pitched their product to the show’s panel of investors with the premise that beach chair technology has been stuck in time for decades.

They began selling their chairs at pop-up stores in New Jersey and New York in late 2020 and generated approximately $2.9 million in direct-to-consumer sales by the time the show taped last July.

The sharks were impressed with Sunflow’s sales numbers but expressed concern about the high valuation and price of the chairs. Despite this, Kevin O’Leary made a deal with Hsu and Besner for $1 million for 5% equity plus $5 per chair royalty until he recouped $1 million.

Since appearing on Shark Tank, Sunflow’s business has boomed. The owners have canceled travel plans to manage their workload due to an immediate spike in awareness after millions of people saw their story and product on the show.

Sunflow Beach Chairs Shark Tank Updates

Sunflow Beach Chairs is a premium beach chairs brand that appeared on Shark Tank Season 13 Episode 16. The founders of Sunflow Beach Chairs, Leslie Hsu and Greg Besner, asked for $1,000,000 in exchange for 6% equity in their company.

Kevin O’Leary offered $1 million for 5% equity and a $5 per chair royalty until $1 million was recouped. The deal was accepted, and Sunflow Beach Chairs received an investment from Kevin O’Leary.

After appearing on Shark Tank, Sunflow Beach Chairs experienced a spike in business. The company had already been successful before appearing on the show, with many people buying the Sunflow chair brand chair for its comfort and portability.

Sunflow Beach Chairs is a portable, lightweight chair that comes with all the accessories needed to enjoy a day at the beach.

The chair can be easily folded and unfolded according to the user’s needs and can be customized with several paid attachments, including a drink holder and a phone holder.

In conclusion, Sunflow Beach Chairs received an investment from Kevin O’Leary on Shark Tank and experienced a spike in business after appearing on the show. The company offers a portable, lightweight beach chair that comes with all the necessary accessories to enjoy a day at the beach.

Sunflow Beach Chairs Shark Tank Table Summary:

ITEM	DESCRIPTION
Founders	Leslie Hsu and Greg Besner
Product	High-quality, aesthetically pleasing beach chair that is comfortable, durable, easy to carry, foldable, and reclining.
Equity and Valuation	Asked for $1 million in exchange for 6% equity valuing the company at $16 million on Shark Tank. Kevin O’Leary offered them $1 million for 5% equity plus a $5 per chair royalty.
Sales	$2.9 million in sales and sold 100% of its product directly to consumers before appearing on Shark Tank. Annual revenue of $3-4 million.
Shark Tank Outcome	Accepted Kevin O’Leary’s offer, increasing the net worth of the company to $20 million with a royalty deal.
Post-Shark Tank	Released more accessories and expanded product line. The company is worth an estimated $16 million as of 2022.
Current status	Sunflow Beach Chairs is still in business as of December 2022.

How Does Sunflow Beach Chairs Shark Tank Work?

Sunflow Beach Chair is a portable and easy-to-set-up beach chair that can be easily folded and unfolded according to the user’s needs. It is made with a durable, rust-resistant aluminum frame and features a water-resistant and quick-drying backrest.

The chair is designed to be compact and ergonomic, making it comfortable to sit in for long periods. Sunflow Beach Chair can also be customized with several paid attachments, including a drink holder, a canopy, and a Turkish blanket.

Sunflow Beach Chair was featured on Shark Tank in season 13, where founders Greg Besner and Leslie Hsu pitched the product and won over Kevin O’Leary enough for an investment in the company.

The innovative design of the Sunflow Beach Chair caught the attention of the Sharks, who recognized the potential of the product.

Sunflow Beach Chair has been a hit with customers, with the company claiming to have made $2.9 million in sales in a little over its first year and has a 96 percent satisfaction rating on its website.

The Sunflow Beach Chair is easy to set up and can be done in one swift motion. It is designed to be portable and can be easily carried with other beach gear like towels, sandcastle gear, and a cooled.

The chair is also customizable with several paid attachments, including a drink holder, a canopy, and a Turkish blanket. The Sunflow Beach Chair is a high-quality beach chair that is comfortable, durable, and easy to use, making it a popular choice among beachgoers.

How Have Sunflow Beach Chairs Grown Since Appearing On Shark Tank?

Sunflow Beach Chairs, a high-end beach chair company, appeared on Shark Tank in 2022 and made a deal with Kevin O’Leary for $1 million for 5% equity and $5 per chair royalty until $1 million recouped.

Since then, the company has released more accessories, including a sunglasses case, towel, and bikini bag, which are available on its website.

According to recent updates, Sunflow Beach Chairs has had $2.9 million in sales since launching 13.5 months ago.

After appearing on Shark Tank, Sunflow Beach Chairs experienced an immediate spike in awareness, and their business has been booming ever since. Co-owner Gregory Besner stated that “business is just about ten times more” since their appearance on the show.

The company’s success can be attributed to the exposure it received on Shark Tank, as well as the quality of its product. The Sunflow chair is portable, lightweight, and comes with all the accessories needed to enjoy a day at the beach.

In conclusion, Sunflow Beach Chairs has grown significantly since appearing on Shark Tank. The company has released more accessories, and its sales have reached $2.9 million since launching 13.5 months ago.

The exposure they received on Shark Tank has helped their business boom, and their high-quality product has contributed to their success.

What Is The Current Valuation Of Sunflow Beach Chairs After Shark Tank?

Sunflow Beach Chairs is a premium beach chair brand that appeared on Shark Tank Season 13 Episode 16. The founders of Sunflow, Leslie Hsu and Greg Besner, asked for $1 million in exchange for 6% equity in their company.

The sharks were impressed with Sunflow’s $2.9 million in sales in the 13.5 months since its launch. Kevin O’Leary made a deal with Sunflow, offering $1 million for 5% equity and a $5 per chair royalty until he recouped $1 million.

Sunflow’s current valuation is $16 million. The company’s sales increased by 4x compared to the previous year’s sales after appearing on Shark Tank. Sunflow’s beach chairs cost $198, and each attachment ranges from $18 to $48.

The company also sells beach-related accessories such as Turkish blankets, insulated wine tumblers, towels, water bottles, and bikini bags.

In summary, Sunflow Beach Chairs’ current valuation is $16 million. The company had $2.9 million in sales in the 13.5 months since its launch. Sunflow’s beach chairs cost $198, and each attachment ranges from $18 to $48. The company also sells beach-related accessories.