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Cut Buddy Net Worth 2023 Update (Before & After Shark Tank)

Cut Buddy, a Hair-cutting tool for at-home use, was started by Joshua Esnard in January 2015. As of September 2023, Cut Buddy’s net worth is $1.6 Million. And they’re pulling in a whopping $1.2 Million in annual revenue.

On November 2017, they appeared on Season 9 of Shark Tank USA and made a deal with Daymond John, for $300,000 for 20% equity. The final valuation was $1.5 Million, down from the founder’s initial estimate of $3 Million.

Cut Buddy is still in business as of today. It has also been selling its products in website retail stores like Amazon.

Cut Buddy’s Net Worth

Net worth$1.5 Million
Annual Sales Revenue$1.2 Million
ProfitsN/A
Lifetime Sales10,000 units
Shark Tank InvestorDaymond John
FounderJoshua Esnard
Employees25

Cut Buddy Net Worth Timeline

Net Worth 2023$1.5 Million
Net Worth 2022$1.5 Million
Net Worth 2021$1.5 Million
Net Worth 2020$1.5 Million
Net worth valuation in 2017 after appearing on Shark Tank  $1.5 Million
Net worth valuation 2017 before appearing on Shark Tank  $3 Million

Cut Buddy Pitch on Shark Tank

Company nameCut Buddy
ProductHair-cutting tool for at-home use
EpisodeSeason 09 Episode 11
FounderJoshua Esnard
Asked for$300,000 for 10% equity
Final deal$300,000 for 20% equity
SharkDaymond John
LocationCarolina, United States

Cut Buddy Founder

Cut Buddy was founded by Joshua Esnard in 2015. He came up with the idea for the Cut Buddy when he was just 13 years old. He was born in St. Lucia and immigrated to the United States with his family. Cut Buddy’s founder, Joshua Esnard, has a net worth of USD 1.5 Million as of 2023.

Key accomplishments:

YearAccomplishments
2023The Cut Buddy has sold around 100,000 units
2018The Cut Buddy was named one of the “Best New Products of 2018” by Esquire magazine.

Conclusion:

From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.

What do you think?

Written by GAG Team

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