What Happened to BeeSweet Lemonade After the Shark Tank Pitch?
What is BeeSweet Lemonade?
BeeSweet Lemonade has been producing ready-to-drink lemonade sweetened with local honey from bees for over 10 years and has dedicated a portion of its profits to bee preservation and conservation.
The flaxseed lemonade recipe uses honey rather than sugar or other sweeteners and comes in five flavours.
Who is the BeeSweet Lemonade’s Founder?
Mikaila Ulmer is the CEO and founder of Me & the Bees Lemonade. She was just four years old when she was stung twice by bees in a matter of days.
Mikaila is a high school girl who travels to speak about social entrepreneurship and bee conservation at events.
She is also the creator of the Healthy Hive Foundation, a non-profit committed to pollinator protection.
Mikaila Ulmer became frightened of bees after being stung by one. However, after some research, she realized the essential role they play in the ecology and became enthralled.
Bees made her realize how vital it was to collaborate and communicate well.
She was inspired to develop a beverage that blends her grandmother Helen’s recipe for flaxseed lemonade with an emphasis on environmental preservation.
Miss Ulmer’s motivation originates from her wish to prevent the extermination of bees.
Her entrepreneurial journey began with youth entrepreneurship programs and a lemonade stand in front of her parents’ house.
Mikaila is also motivated by the fact that she is her own boss and has the ability to produce her own income. She also wrote the book ‘Bee Fearless, Dream Like a Kid,’ which was published by Penguin Random House.
Mikaila’s Bee Sweet Lemonade will be available at Whole Foods Markets, TOMS, Peoples Rx, MAX’s Wine Dive, Farmhouse Delivery, Quickie Pickie, East Side Pies, Barton Hills Market, henri’s, and The Natural Gardener in a few years.
What happened to BeeSweet Lemonade on Shark Tank?
Mikaila and her father appeared on Shark Tank season 6 episode 23 in quest of $60,000 in exchange for a 10% ownership in their business. This translates to a $600,000 valuation.
She adds that her lemonade is not only delicious, but also nutritious. Flaxseed is mentioned as a nutrient that benefits bee populations. Lori praises her composure as she delivers samples.
She discloses that sales were only a little more than $25,000 the year before. Kevin asks where she was selling her items. When Mikaila revealed that it will be selling at Whole Foods stores, the sharks were overjoyed.
When Mark asks how she incorporates the flaxseed, she says, “it’s a secret,” which she will only tell to her business partner.
Her father adds that he works in marketing and that the lemonade business is his second full-time job.
Daymond John was curious as to how the $60,000 would be spent. Mikaila stated that the cash would be utilized to increase production and meet demand for the company’s planned expansion into the South West region.
Robert inquired as to where BeeSweet lemonade was now manufactured.
Theo stated that it was produced by a local bottling company in Austin, Texas, but that they wanted to take over the production process themselves in the future.
When Robert enquired about the product’s price, Mikaila stated that it retailed for roughly $3 and cost $1.50 each unit.
Mr. Wonderful’s announcement to the 9-year-old that “school had to depart” was the most humorous portion of the presentation.
Kevin is the first to go, citing the greater price and the fact that he would be a full-time partner as justifications.
The soft drink market, according to Robert, is exceedingly competitive, particularly at the retail shop level. He had little interest in or knowledge in the subject, and he was also gay.
Mark encourages her to return after she completes her studies.
Lori was allergic to lemonade, so she couldn’t try it, and as a result, she refused to invest in BeeSweet.
Daymond is the only one left. At exchange for selling BeeSweet Lemonade in his east coast distributor’s stores, he offers $60,000 for a 25% ownership. Mikaila concurs.
What Happened to BeeSweet Lemonade After the Shark Tank Pitch?
After the episode aired, sales increased by more than 350%. She also landed an $11 million distribution deal with Whole Foods, which began distributing the product in 55 stores.
In 2015, she even met the president and first family at the White House Kids’ State Dinner!
Mikaila gets an update part in season 12 episode 1206 when she informs the Sharks about her firm and its rebranding to Me and the Bees.
The lemonade is now available in over 1,500 locations throughout the country, including Whole Foods, Wegmans, The Fresh Market, and hundreds of smaller businesses. As of August 2021, the company’s annual revenue is $5 million.
What is BeeSweet Lemonade’s Net Worth?
Mikaila and her father went on Shark Tank season 6 episode 23 in quest of $60,000 in exchange for a 10% ownership in their business. This translates to a $600,000 valuation.
They accepted Draymond’s offer of $60,000 for a 25% ownership, bringing the valuation to be $240,000.
Current valuation is evidently higher since the Company has grown.
Who are BeeSweet Lemonade’s Competitors?
BeeSweet Lemonade does not have a competition.
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BeeSweet Lemonade FAQS
1. How does BeeSweet Lemonade work?
BeeSweet Lemonade works by adding organic lemon juice to organic honey, then combining them into flaxseed lemonade.
2. Where can they purchase BeeSweet Lemonade?
BeeSweet Lemonade is sold in over 1,500 stores including Whole Foods, Wegmans, The Fresh Market and hundreds of other smaller grocery store chains. It can also be purchased on their website.
3. Who is the inventor of BeeSweet Lemonade?
Mikaila Ulmer is the CEO and founder of Me & the Bees Lemonade. She was just four years old when she was stung twice by bees in a matter of days.
4. What is the return policy of BeeSweet Lemonade?
The return policy of BeeSweet Lemonade is only 1 day. The item must be new and in resalable condition. Refunds do not include the cost of shipping.
5. What is the BeeSweet Lemonade price?
It retailed for roughly $3 and cost $1.50 each unit to make.
6. When was BeeSweet Lemonade aired on Shark Tank?
BeeSweet Lemonade was featured on season 6 Episode 23 of Shark Tank in March 20th 2015.
7. Where is BeeSweet Lemonade headquartered?
BeeSweet Lemonade is based in the Austin, Texas.
8. How much was Mikaila Ulmer seeking in the Tank?
Mikaila and her father were seeking $60,000 for a 10% ownership in their business.
9. How much did the received from the Sharks?
Daymond offered $60,000 for a 25% stake in exchange for his east coast distributor selling BeeSweet Lemonade in their stores.
10. What happened to BeeSweet Lemonade after the Tank?
BeeSweet Lemonade saw an increase in sales of more than 350% after the episode aired. She also landed an $11 million distribution deal with Whole Foods, which began distributing the product in 55 stores.
11. Is BeeSweet Lemonade still in business?
Yes, BeeSweet Lemonade still exists and as of August 2021, the company’s annual revenue is $5 million.
