Mensch on a Bench, a Hanukkah gift for children, was started by Neal Hoffman in 2012. As of November 2023, Mensch on a Bench’s net worth is $1 Million and they’re pulling in a whopping $930,000 in annual revenue.
On December 12, 2014, they appeared on Season 6 of Shark Tank USA and made a deal with Neal Hoffman, for $150,000 for 15% equity. The final valuation was $1 Million, down from the founder’s initial estimate of $1.5 Million.
Mensch on a Bench Net Worth
|Net worth||$1 Million (2023)|
|Annual Sales Revenue||$930,000|
|Lifetime sales||$3 million|
|Investors||Lori Greiner and Robert Herjavec|
|Employees||10 to 30|
Mensch on a Bench Net Worth Timeline
|Net Worth 2023||$1 Million|
|Net Worth 2022||$900,000|
|Net Worth 2021||$800,000|
|Net Worth 2020||$700,000|
|Net worth valuation in 2014 after appearing on Shark Tank||$1 Million|
|Net worth valuation in 2014 before appearing on Shark Tank||$1.5 Million|
Mensch on a Bench Pitch on Shark Tank
|Company name||Mensch on a Bench|
|Product||Hanukkah gifts for children|
|Episode||Season 06 Episode 12|
|Asked for||$150,000 for 10% equity|
|Final deal||$150,000 for 15% equity + Guaranteed Payback of Money within 3 Years|
|Sharks||Lori Greiner and Robert Herjavec|
|Location||Cincinnati, Ohio, United States|
Don’t miss these products from Season 06
Mensch on a Bench Founder
Mensch on a Bench was founded by Neal Hoffman in 2012. He got the idea to start this business after his Jewish children asked for an Elf for Christmas-themed toy shop. He is now very popular among the Jewish community because of the toys. Mensch on a Bench’s founder, Neal Hoffman, has a net worth of $5 Million as of 2023.
|2023||Mensch on a Bench become the best-selling Jewish toy brand|
|2014||The Mensch on a Bench appeared on Shark Tank|
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 Mensch on a Bench and its continued success.