Bunny Eyez, the revolutionary reading glasses that piqued the interest of Shark Tank investors, are more than just a fashionable eyewear line. Bunny Eyez, founded by sisters Jenny Hutt and Stacy Fritz, offers a unique twist on traditional reading glasses, and the product has gotten a lot of attention, landing a deal with Daymond John.
The net worth of Bunny Eyez
As of 2023, Bunny Eyez has an approximate value of $1.5 million. During their upbringing as sisters, Jenny and Stacy had many shared experiences, one notable one being their visits to the hair salon.
Jenny and Stacy’s Background
Shared Passion Leads to Innovation
Growing up as sisters, Jenny and Stacy discovered a shared passion during their regular salon visits—getting their hair done. The genesis of Bunny Eyez traces back to a day at the salon when they faced a common problem: their reading glasses were splattered with hair dye. This inconvenience sparked an idea that would later evolve into a thriving business.
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The Challenge of Inexperience
Despite needing prior business experience, Jenny and Stacy, motivated by their shared vision, ventured into the eyewear space. Already a notable figure for her co-hosting role on “Whatever with Alexis and Jennifer” on the Hallmark Channel, Jenny embarked on her broadcasting journey. At the same time, Stacy complemented the duo with her commitment to the new venture.
Founding Bunny Eyez
From Concept to Creation
After that pivotal salon visit, the entrepreneurial sisters dove into the eyewear industry, creating numerous prototypes before unveiling the final product in 2017. The brand’s name, Bunny Eyez, pays homage to their mother, Bunny Koppelman, who inspired the journey.
A Visionary Team
Jenny and Stacy collaborated with eyewear entrepreneur Andrea Gluck to bring their vision to life. Together, this team of women shared a joint mission: to popularize reading glasses that can be tilted and flipped, providing a practical solution to everyday inconveniences.
Celebrity Endorsements and Media Buzz
Bunny Eyez quickly gained attention in the media, with celebrities like Kristen Bell and Kaley Cuoco expressing their admiration for the brand. Featured in prominent outlets such as ABC, NBC 4, and The Oprah Magazine, the brand has become synonymous with style and functionality.
Post Shark Tank Success
Anticipated Surge in Orders
Following their appearance on Shark Tank, Bunny Eyez is poised for a surge in orders, with expectations of at least $50,000 in sales within the next week. The real challenge lies in fulfilling orders and maintaining the sales momentum once the initial Shark Tank hype subsides.
Deal with Daymond John
The deal with Daymond John is set to close within the next three months, signaling a promising future for Bunny Eyez. The sisters are gearing up for an exhilarating ride as they navigate the challenges of scaling their business.
Product Overview and Market Potential
Stylish Glasses for Every Occasion
Bunny Eyez offers a range of stylish glasses priced at $63, available on BunnyEyez.com and Amazon. Some products are already sold out on Amazon, underscoring the brand’s growing popularity. The eyewear, rated at least four stars on Amazon, provides options for frames and lens types.
Market Potential and Revenue Projections
In a booming eyewear market valued at $169.10 billion, Bunny Eyez has the potential to capture a significant share, aiming for a lucrative slice of a projected $290 billion market by 2033. Licensing opportunities further enhance the revenue potential for the brand.
Customer Feedback and Considerations
While positive reviews abound, some negative feedback on Amazon highlights the fragility of the glasses, particularly in terms of easily breakable arms. Addressing such concerns will be crucial for Bunny Eyez to maintain customer satisfaction and uphold product quality.
Conclusion
Bunny Eyez emerges not just as a brand but as a solution to a common problem many face. Jenny and Stacy’s journey from a salon mishap to a successful Shark Tank pitch is a testament to their determination and innovation. Its future looks promising as Bunny Eyez continues to make waves in the eyewear market.
Who owns Bunny Eyez?
Sisters Jenny Hutt and Stacy Fritz named their revolutionary new eyewear company after their late mother, Bunny Koppelman. But Bunny Eyez® wearable, tilt-able, flippable reading glasses are not your mother’s.
What is Bunny Eyez’s net worth?
Bunny Eyez has an approximate value of $1.5 million
