Joshua Esnard created The Cut Buddy, a grooming tool designed to help people achieve perfect hairlines and beard trims. After securing a deal with Daymond John on Shark Tank in 2017, the company saw massive growth.
The Cut Buddy quickly became Amazon’s top-selling grooming tool, and the exposure led to over $1 million in sales within a year. As of 2024, The Cut Buddy remains in business with an estimated net worth of $5 million.
The company has not been acquired, and no crowdfunding campaigns were launched, relying instead on its Shark Tank deal and continued strong sales.
Cut Buddy’s Net Worth
| Estimated Net worth | $5 million (2024) |
| Annual Sales Revenue | $5 million (2024) |
| Lifetime Sales | Not available |
| Shark Tank Investor | Daymond John |
| Founder | Joshua Esnard |
| Employees | 25 |
Cut Buddy Pitch on Shark Tank
| Company name | Cut Buddy |
| Product | Hair-cutting tool for at-home use |
| Episode | Season 09 Episode 11 |
| Founder | Joshua Esnard |
| Asked for | $300,000 for 10% equity |
| Final deal | $300,000 for 20% equity |
| Shark | Daymond John |
| Location | Carolina, United States |
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Cut Buddy Founder
Joshua Esnard founded Cut Buddy 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 2024.
Key accomplishments
| Year | Accomplishments |
| 2023 | The Cut Buddy has sold around 100,000 units. |
| 2018 | The 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.