What Happened to Hanukkah Tree Topper after Shark Tank?
What is Hanukkah Tree Topper?
The Hanukkah Tree Topper is a Star of David holiday decoration designed to replace a golden star or angel on top of your Christmas tree, allowing interfaith families to celebrate both Christmas and Hanukkah throughout the holiday season.
The Hanukkah Tree Topper is a holiday ritual that brings together families of different faiths. A Hanukkah bush is a real or artificial shrub or tree that some Jewish families in North America display in their homes during the holiday of Hanukkah.
It may look to be a Christmas tree devoid of Christian ornaments. It is associated with the Christian feast of Chrismukkah.
Who is the founder of Hanukkah Tree Topper?
One Life Products was founded in San Diego, California by Morri Chowaiki and Marina Chowaiki. They came up with this idea after getting married and establishing a family.
Morri was raised as a Jew and celebrated Hanukkah, but his wife Marina celebrated Christmas. They developed the One Life Products to instill both principles in their family and children.
The Christmas Tree is the principal symbol used by Christians to symbolize their religious holiday celebration. The Star of David, on the other hand, is the principal symbol of Hanukkah.
Morri and Marina decided to combine these two equally important religious festivals by designing a Hanukkah tree topper that can be placed on top of a traditional Christmas tree.
Because of the large number of families out there who are similar to Morri and Marina, the product quickly became a hit. Because so many Jews marry Christians, the One Life Products are an excellent choice for parents who want to teach and celebrate both holidays with their children.
What Happened to Hanukkah Tree Topper at Shark Tank pitch?
Morri and Marina Chowaiki, an interfaith couple, pitch the Hanukkah Tree Topper on Shark Tank episode 512. They were looking for a strategic partner with a Shark to assist them in breaking into huge box stores.
Morri begins the show with the Chowaiki household, emphasizing their interfaith family. He’s been selling Hanukkah Tree Topper for three years and has two mortgages on his house. He is reliant on the Sharks to keep the company viable.
When Morri entered the Shark Tank, he asked $50,000 in return for a 15% stake in his company, which was worth $333,333.
He promotes his innovation as the best new “Christmas” ornament. He makes a funny presentation and hands out Tree Toppers to the Sharks. He claims to have sold 12,000 pieces via his website, 200 Bed Bath & Beyond stores, and an in-flight magazine.
Morri’s sales have averaged $150,000 over the last three years, causing the Sharks to cry, “Oy Vey!”
He needs money for space exploration and product development. Mr. Wonderful says the product is too seasonal and is a one-time occurrence.
Morri then adds that he has arranged for the product to be demoed at many big locations, but Mr. Wonderful exits. Lori agrees with Kevin and exits as well.
Morri, Mark argues, was not built to evolve, and as a result, he leaves, and Robert quickly follows.
Daymond brings up SoundBender and the arrangement by Rabbi Moshe Weiss. He claims that Christmas and Hanukkah are religious holidays and offers $50,000 in return for a 35% ownership in the company.
When Morri inquires, Daymond acknowledges that the play is a licensing one. Morri appears to pause for a few seconds before accepting Daymond’s invitation and exclaiming, “Kiss me!”
Daymond performs a little dance while wearing a Morri blue Santa hat. Morri, filled with emotion, calls his family to share the good news. Morri ultimately left the pitch with a deal.
What Happened to Hanukkah Tree Topper After Shark Tank?
Following its participation on Shark Tank, Hanukkah Tree Topper had considerable holiday sales, and designer Morri Chowaiki appears in season six, episode 614 to update fans on this Shark Tank success story.
Hanukkah Tree Topper has signed a large licensing contract with Kurtis Adler, who manages manufacture and distribution, according to Daymond’s update.
Daymond and Mori are now paid for every item they sell. They also contributed to Toys for Tots.
Morri joined Daymond’s Shark Group as Head of Sales & Retail in 2016. Morri joined Daymond’s Shark Group as Head of Sales & Retail in 2016. The firm is still in operation as of January 2022, with an annual revenue of $2 million.
Competitors of Hanukkah Tree Topper
Christmas Tree Toppers is the main competitor of Hanukkah Tree Topper.
Net Worth of Hanukkah Tree Topper
During the pitch, the firm was valued at $333,333; following Daymond John’s investment, the company was valued at $142,857. Since the company is still in operation, its net worth might have been more.
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Hanukkah Tree Topper FAQs
What is Hanukkah Tree Topper?
The Hanukkah Tree Topper is a Star of David holiday decoration designed to replace a golden star or angel on top of your Christmas tree, allowing interfaith families to celebrate both Christmas and Hanukkah throughout the holiday season.
Who are the inventors of Hanukkah Tree Topper?
One Life Products was invented in San Diego, California by Morri Chowaiki and Marina Chowaiki. They came up with this idea after getting married and establishing a family.
How much money was sought on Shark Tank?
Morri was looking for $50,000 in exchange for a 15% share in the firm.
Did he have the deal?
Yes, he has a deal with Daymond John.
How much did the deal cost?
Daymond offered $50,000 in exchange for 35% ownership of the firm.
Is Hanukkah Tree Topper still in operation?
Yes, it is still in operation as of January 20, 2022.
Where is Hanukkah Tree Topper located?
They are in the city of San Diego, California.
What episode of Shark Tank did Hanukkah Tree Topper appear on?
Shark Tank episode 512 featured the Hanukkah Tree Topper.
Is Hanukkah Tree Topper a publicly traded corporation?
No, it is not a publicly traded firm and is privately held.
Is it a growing company?
Yes, the product is in high demand, and the company’s sales have increased significantly.
How many Hanukkah Tree Toppers are sold each year?
Since its debut in 2014, the firm has sold around 12,000 units.
What is the Hanukkah Tree Topper’s profit margin?
The company’s gross profits are $150,000 every year.
How did the business get started?
Morri Chowaiki and Marina Chowaiki started One Life Products in San Diego, California. Morri was reared Jewish and celebrated Hanukkah, although his wife Marina celebrated Christmas.
Is Hanukkah Tree Topper available for shipping?
Yes, it is being shipped to merchants across the United States.
Is the product available at Christmas Tree Shops?
Yes, they are sold at Bed Bath & Beyond shops, and the business plans to expand into other big retailers.
How can I make a payment for Hanukkah Tree Topper?
Customers can use a credit card or PayPal to pay.
Is there another Hanukkah Tree Topper product?
A dreidel stocking holder, a dreidel table runner, and a Hanukkah menorah plaque are all available.
How will I get my Hanukkah Tree Topper?
FedEx or UPS will deliver the merchandise. Customers may anticipate getting it within 2-3 weeks of making their purchase.
Is there any intention of selling Hanukkah Tree Topper at a discount?
Yes, they are now discussing with merchants that may like to sell the product at a reduced price.
Who is the company’s CEO?
One Life Products’ current CEO is Morri Chowaiki.
