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 is still in business. Their products are available on the official website and Amazon.
Mensch on a Bench Net Worth
| Net worth | $1 Million (2023) |
| Annual Sales Revenue | $930,000 |
| Profits | $250,000 |
| Lifetime sales | $3 million |
| Investors | Lori Greiner and Robert Herjavec |
| Founder | Neal Hoffman |
| 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 |
| Founder | Neal Hoffman |
| 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.
Key accomplishments
| Year | Accomplishment |
| 2023 | Mensch on a Bench become the best-selling Jewish toy brand |
| 2014 | The Mensch on a Bench appeared on Shark Tank |
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 Mensch on a Bench and its continued success.