BatBnB may have been the first to market, but it’s certainly not the only company doing what it does. Many of its competitors offer similar products, including the ubiquitous bat house.
While the product was a hit, the company has not made a big splash on the social scene. As a result, it’s unclear whether or not the company has managed to make a dent in the competition. A recent study in Forbes suggests that the company’s annual revenue is still well short of $1 million. The bat house units themselves sell for $89, a paltry fraction of the $239 they retail for.
But what is the company’s net worth? The company’s founders, Harrison Broadhurst and Christopher Rannefors, haven’t divulged any details. Likewise, Kevin O’Leary has been a notably silent partner. And, while the company has been on the radar for some time, its investors have yet to see a return on their investment. However, they’ve got no reason to wait around. In fact, they might just be looking to capitalize on the growing consumer demand for sustainable living and the growing bat market.
While they may not be as bold as Kevin or Lori, the BatBnB team hasn’t given up on their enigmatic founders. To be fair, a recent influx of new investors, many of whom are not terribly thrilled with the concept, has helped keep their spirits up. This is especially true in light of a high-profile lawsuit filed against one of the largest financial institutions in the nation.
It’s also worth noting that the company hasn’t yet been purchased. That’s not to say the company hasn’t had its share of ups and downs. They’ve snagged a few notable customers, and their biggest challenge is convincing them to buy into the company’s eco-conscious business model. Nonetheless, they’re likely on their way to being a household name. Hopefully, the company’s recent acclaim will pay off in the long run.
So, what is the BatBnB net worth in 2021?