{"id":7863,"date":"2022-08-22T01:08:40","date_gmt":"2022-08-22T05:08:40","guid":{"rendered":"https:\/\/www.therealitytv.com\/?p=7863"},"modified":"2022-08-22T16:02:37","modified_gmt":"2022-08-22T20:02:37","slug":"batbnb-update","status":"publish","type":"post","link":"https:\/\/www.therealitytv.com\/batbnb-update\/","title":{"rendered":"BatBnB from Shark Tank Update"},"content":{"rendered":"\n

In the season 10 finale, BatBnB co-founders Harrison Broadhurst and Chris Rannefors entered Shark Tank <\/strong>with the hopes of a deal for their designer bat houses. Here is a BatBnB update for you on the company after Shark Tank.<\/p>\n\n\n\n

See others from Season 10 Shark Tank Finale: QuikFlip<\/a>, Fat Shack<\/a>, CoyoteVest<\/a><\/p>\n\n\n\n

BatBnb on Shark Tank Summary<\/h2>\n\n\n\n
Name of Business:<\/strong> <\/mark>BatBnb<\/td><\/td><\/tr>
Episode:<\/strong> Season 10 Episode <\/mark>22<\/td><\/td><\/tr>
Asked for:<\/strong> $100,000 for 16%<\/mark><\/td><\/td><\/tr>
Shark Investor: <\/strong><\/mark>Kevin O’Leary<\/td><\/td><\/tr>
Deal: <\/strong>$100,000 for <\/mark>33.3%<\/td><\/td><\/tr>
Founders:<\/mark><\/strong> Christopher Rannefors and Harrison Broadhurst<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

How much did they ask for in Shark Tank?<\/h2>\n\n\n\n

The duo came in seeking $100,000 for a 16% stake in their bat house business.<\/p>\n\n\n\n

Let\u2019s do the math.
Each unit landed cost is $89 and they sell for $239. This leads to a profit margin of 169%.<\/p>\n\n\n\n

What is the reason behind the BatBnB house?<\/h2>\n\n\n\n

According to Sharktankblog<\/a> Broadhurst and Rannefors parents (not related) both studied and\/or built bat houses with them as children. They did this due to the signs of increasing mosquito population and dwindling bat population. Bats are the best way to control mosquitos in the world.<\/p>\n\n\n\n

Did BatBnB get a deal?<\/h2>\n\n\n\n

While almost all sharks went out, Kevin O\u2019Leary offered $100,000 for 33.3% which the guys agreed to.<\/p>\n\n\n\n

BatBnB Shark Tank Update<\/h2>\n\n\n\n

According to sharktankblog.com<\/a> the deal with Kevin O\u2019Leary never went through. The company is still in business though. <\/strong><\/p>\n\n\n\n

BatBnB was featured in season 10, on episode 1022. Their website<\/a> which has had 65.5K social shares is still live and updated. They have been featured in Huffpost, USA Today, Fast Company, Forbes, Mother Nature Network, and NPR.<\/p>\n\n\n\n

After Shark Tank they were featured on a show called Innovation Nation with Mo Rocca. You can see the piece below.<\/p>\n\n\n\n

\n