BeeSweet Lemonade Shark Tank Net Worth
BeeSweet Lemonade appeared on Shark Tank and received $60,000 from FUBU CEO Daymond John when Mikaila Ulmer was nine years old. The company had a valuation of $600,000 at the time, and as of 2023, its net worth is reported to be $5 million.
Mikaila Ulmer, the founder of BeeSweet Lemonade, has an estimated net worth between $1-5 million.
What is BeeSweet Lemonade and Who is the founder of BeeSweet Lemonade?
BeeSweet Lemonade is a company that has been producing natural lemonade sweetened with locally-sourced honey for over a decade, and a portion of their sales is donated to bee conservation efforts. Their lemonade recipe includes flaxseed and comes in five different flavors.
The founder and CEO of BeeSweet Lemonade are Mikaila Ulmer, who started the business at a young age. She was stung by bees twice when she was just four years old, which initially made her afraid of them.
However, after learning about their crucial role in the ecosystem, she became passionate about bee conservation.
Mikaila is now a high school student who speaks at various events about social entrepreneurship and bee preservation. She also founded the Healthy Hive Foundation, a non-profit organization that focuses on protecting pollinators.
BeeSweet Lemonade started as a small lemonade stand in front of Mikaila’s house, and it has now grown to be sold in various stores such as Whole Foods Markets, TOMS, Peoples Rx, MAX’s Wine Dive, Farmhouse Delivery, Quickie Pickier, East Side Pies, Barton Hills Market, Henri’s, and The Natural Gardener.
BeeSweet Lemonade Shark Tank pitch
During their Shark Tank pitch in episode 628, Mikaila Ulmer and her father pitched BeeSweet Lemonade, a line of lemonade sweetened with Texas wildflower honey, flaxseed, and mint. They asked for a $60,000 investment for a 10% stake in their company, which was valued at $600,000.
Despite concerns about competition and pricing, Daymond John offered $60,000 for a 25% equity in the company, which Mikaila accepted.
Since then, BeeSweet Lemonade has secured an $11 million distribution deal with Whole Foods and is now available in 1,500 locations across the United States, generating $5 million in revenue as of January 2022. Mikaila later rebranded the company to “Me and the Bees” and has continued to expand its reach.
Competitors of BeeSweet Lemonade
BeeSweet Lemonade’s primary competitors in the market space are; Amplify Snack Brands, Humm Foods, Inc., Safeway and Trader Joe’s, The Fresh Market Inc., Wegmans Companies Inc., Whole Foods, WinCo Foods LLC, and Kroger Co.
Net Worth of BeeSweet Lemonade
The company valuation was $600,000 during the pitch, after Daymond John’s investment the company was worth $240,000. Since then the company has been performing well in sales with annual revenue of $5 million as of January 2022. This justifies that the company’s net worth has gone up.
BeeSweet Lemonade FAQs
What is BeeSweet Lemonade?
BeeSweet Lemonade is a firm that has been making ready-to-drink lemonade sweetened with local honey from bees for over ten years and has donated a part of its sales to bee preservation and conservation.
The flaxseed lemonade recipe utilizes honey rather than simply sugar or artificial sweeteners and is available in five varieties.
Who is the founder?
Mikaila Ulmer is the founder and CEO of BeeSweet Lemonade. Mikaila Ulmer was simply terrified of bees when they stung her. After some investigation, she discovered the critical function they perform in the environment and got captivated.
How much were they asking on Shark Tank?
They were asking for $60,000 for a 10% equity stake in the firm.
Did they have the deal?
Yes, they did deal with Daymond John.
How much was the deal?
Daymond offered $60,000 for a 10% equity stake in the firm, which worth $240,000.
Is BeeSweet Lemonade still in business?
Yes, the company of still in business with annual revenue of $5 million as of January 2022.
Why did BeeSweet Lemonade change their name?
Instead of only sugar, they decided to add honey from bees to her favorite lemonade. That is how Be Sweet Lemonade came to be! However, owing to a copyright issue, they had to alter the name, so we chose to rename it Me & the Bees Lemonade because we donate a percentage of sales to help rescue the bees.
Are Me and the Bees Lemonade owned by a black person?
When it comes to being recognized as a Black-owned family business in 2020 and 2021, there is so much to be thankful for.
When it comes to being recognized as a Black-owned family business in 2020 and 2021, there is so much to be thankful for.
26th, 2020 In April 2016, a sixth-grader from Austin, Texas, scored an $11 million business agreement. Mikaila Ulmer is the unorthodox businesswoman behind Me & the Bees Lemonade.
What kind of business are Me and the Bees?
Operator of a premium ready-to-drink bottled lemonade brand with the goal of developing and marketing flavorful, organic drinks.
Are honeybees in danger?
Bottom line: bees are still vulnerable and require our assistance.
Do Bees enjoy Lemonade?
Lemons can attract bees, but not because they are angry; rather, the converse is true. Lemon smells like an appealing pheromone that bees emit to help draw foragers home, and it is likely to attract more curious bees.
What is Mikaila Ulmer’s Lemonade philosophy?
Mikaila began selling lemonade at youth entrepreneurial events and at her lemonade stand in front of her house, contributing a portion of the proceeds to local and worldwide groups working to rescue the honeybees. That is why she advertises, “Buy a Bottle…Save a Bee.”
What is the net worth of Mikaila Ulmer?
Mikaila Ulmer has an estimate net worth of $5 million.
