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His and Her Bars was the talk of the town when it appeared on Shark Tank and though the product certainly left its mark on the show and had people taking about it. While many are curious to know more about the current status of His and Hers or mostly how the company is planning to move the product further ahead.
We are going to lay on the current status of the show and though also talking about other updates on whether the product is currently making a good mark in the market or not.
His and Hers Bar Key Highlight
- His and Hers Bar is a superfood and it is considered as more than a snack and more like a aphrodisiac superfood.
- Jennifer and Michael Gallagher are said to be the founders and the ones who had the idea to release this snack.
- The company was marked at a market value of $500,000 and this was before they appeared in Shark Tank.
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What is His and Hers Bar
His and Hers Bars was on Shark Tank Season 12 and it did not take any time to impress the sharks and they were already invested in it. Jennifer and Michael Gallagher are the founders of the superfood and it is considered as more than a snack and more like a aphrodisiac superfood.
Moreover they mention that the Sharks gets cheered up whenever there is a food item introduced to them. The food held a different kind of trait such as it was said to form a kind of intimate connection between the partners.
The entrepreneurs had big hopes from the snack from the starting and thus it had the audience curious about how the deal would be sealed between them and the sharks.
Who is the founder of His and Hers Bar
Jennifer and Michael Gallagher are said to be the founders and the ones who had the idea to release this snack. The founders mentioned that they have been foodie ever since they were little children and though always wanted to launch a superfood of their own choice and favorite flavor.
| Business | Aphrodisiac snack bar |
| Founder | Jennifer and Michael Gallagher |
| Ask | $50,000 for 10% equity |
| Result | No Deal |
His and Hers Bar offering for the investor
The Aphrodisiac snack bar did make a good mark for the audience but to mention that the ask which was made by the founders was said to be more than required and this was something that blew off the deal.
The founders kept an ask for an amount of $50,000 at the equity rate of 10% and it was something that made the Sharks pull themselves back. The Sharks were already keen and showed interest for the snack ever since they got to have a first bite but the high rate of ask made them disagree with the deal.
Did His and Hers Bar get a deal on Shark Tank? With explanation
As we have mentioned earlier that the super snack did leave a good impression for the Sharks but the big ask failed to crash a deal. The big ask that they made on the show pushed them to not make a deal and though no sharks was interested to move further ahead with the investment on the product.
| Shark | None |
| Current status | Out of Business |
| Season | Season 12, Episode 10 |
How his and Hers bar started and how it did
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The journey of the founders for bringing this product is deeply personal for them. It was mentioned that Michael served in the Navy at the start but he was already distracted because he wanted to pursue his dream in standing out as a firefighter.
The sole reason for him to leaving the job once again was that he failed to connect at his firehouse and he was already feeling down in life.
Jennifer had a high earning corporate job but she was not satisfied with it and stated that she held this feeling of doing something more than just receiving a paycheck on the monthly basis and has a desire of starting something of her own which the people could love.
Hence to mention that the couple came across a lot of problems from the start and decided to move cross country with a main aim of restarting their lives on a fresh note and doing something that both of them would love.
Their work journey of His and Her Bars started back in 2019 as Jennifer held an intention of creating a product that would basically enrich the lives of many. The product was launched soon but there were some challenges in their journey too because the sales in the market were kept limited from the start.
Also considering that the company started when the covid19 pandemic arrived and this was another reason due to which the sales were slowed. The founders were able to sell the snack worth of $2,000 in total and this was before appearing in Shark Tank.
Despite of the COVID-19 situation, the product was able to sell a good amount of rate. The couple also mentioned that they later decided to go all in when it came to receptive market status.
What happened to His and Her Bars after Shark Tank
Despite of appearing in a big show, the snack was not able to skyrocket its market value. There is no certain amount of money listed that the company earned during that time but it certainly did not make any difference with the way it was introduced.
Why did His and Her Bar go out of business
The snack was once again not running on an expected note when it came to the sales of the market and thus it was up and running till 2021. The company was shut down in the same year 2021 and there was no reason given by the company about it while the low marketing sales could be the reason it shut down.
Are there any other products like His and Her Bars in the market
Mentioning that the market is full of snack bars and this was other reason where the snack was competing with other food snacks as well. There are currently many other snack bar available in the market and which sales are also rising day by day such as Snickers etc.
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How much is His and Her Bars net worth
The company was marked at a market value of $500,000 and this was before they appeared in Shark Tank.
After Shark Tank- The company on the other hand was shut down later and which means that the evaluation value fell down to $0.
FAQ About His and Hers Bar
1. What is His and Hers Bar?
Its a superfood and it is considered as more than a snack and more like a aphrodisiac superfood.
2. Who is the founder of His and Hers Bar?
Jennifer and Michael Gallagher are said to be the founders and the ones who had the idea to release this snack.
3. Is His and Hers Bar still in business?
The company was shut down in the same year 2021 and there was no reason given by the company about it while the low marketing sales could be the reason it shut down.
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