BeeSweet Lemonade Shark Tank Net Worth 2023
Bee Sweet Lemonade appeared on Shark Tank seeking an investment of $60,000 in exchange for a 10% stake in the company, giving it a net worth of $600,000.
Mark Cuban agreed to invest $60,000 for a 25% stake in Bee Sweet Lemonade.
Since appearing on Shark Tank, the popularity of Bee Sweet Lemonade has increased dramatically and its sales have raised by 350 times. As of 2023, the net worth of Bee Sweet Lemonade is $5 million.
What is Beesweet Lemonade? Who is the Founder of BeeSweet Lemonade?
For over a decade, BeeSweet Lemonade has been producing pre-made lemonade sweetened with local honey from bees.
As part of their commitment to bee preservation and conservation, a portion of their sales is donated to these causes.
Their lemonade recipe incorporates honey instead of sugar or artificial sweeteners and is available in five different flavors.
Mikaila Ulmer is the CEO and founder of Me & the Bees Lemonade. Her journey began when she was only four years old and got stung by bees twice in a few days.
Despite her initial fear of bees, Mikaila researched and discovered their crucial role in the environment, which inspired her to start her own lemonade business while emphasizing environmental preservation.
Mikaila is now a high school student who travels to various events to talk about social entrepreneurship and bee conservation.
She is also the founder of the Healthy Hive Foundation, a non-profit organization dedicated to the conservation of pollinators.
Her passion for saving bees from extinction stems from her desire to create a positive impact on the environment.
Mikaila’s success story began with youth entrepreneurship activities and a lemonade stand outside her house.
Her business has now expanded and her Bee Sweet Lemonade can be found in various stores, including 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 addition to her business ventures, Mikaila has written a book called “Bee Fearless, Dream Like a Kid,” which was published by Penguin Random House. She is also inspired by being her own boss and having the ability to generate her own income.
Beesweet Lemonade Shark Tank Pitch
In search of $60,000 for a 10% stake in their company, Mikaila and her father made an appearance on Season 6, Episode 23 of Shark Tank. This would give their company a $600,000 valuation.
During their pitch, Mikaila emphasized that her lemonade is not only delicious but also healthy, thanks to the inclusion of flaxseed, which has been shown to benefit bee populations. Lori was impressed with Mikaila’s composure as she distributed samples to the Sharks.
When asked about their sales, Mikaila revealed that they had only made a little over $25,000 in the previous year. However, the Sharks were pleased to learn that their lemonade was being sold in Whole Foods stores.
When asked about the secret ingredient, flaxseed, Mikaila said she would only reveal it to her business partner.
Mikaila’s father explained that he had a background in marketing and that the lemonade stand was his second full-time job.
Daymond was curious about how they planned to use the $60,000, to which Mikaila responded that they would use it to increase production and expand into the Southwest.
After some deliberation, only Daymond made an offer of $60,000 for a 25% stake, with the condition that his East Coast distributor could sell Beesweet Lemonade in their stores.
Mikaila agreed, and after the show aired, their sales increased by more than 350%.
Beesweet Lemonade secured an $11 million distribution deal with Whole Foods, and as of August 2021, they had yearly revenue of $5 million and were available in over 1,500 locations nationwide.
Mikaila even had an update section in Season 12, Episode 1206, where she shared the company’s rebranding to Me and the Bees.
Beesweet Lemonade Net Worth
Mikaila and her father appear on Shark Tank season 6 episode 23 in search of $60,000 for a 10% stake in their company. This equates to a $600,000 valuation.
They accepted an offer from Daymond of $60,000 for 25% stake which brings valuation to be $240,000.
Beesweet Lemonade Competitors?
There is no competitor identified for Beesweet Lemonade.
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.
Who is the Founder of Beesweet Lemonade?
Mikaila Ulmer is the founder and CEO of Me & the Bees Lemonade. Mikaila is currently a high school student who travels to talk at events on social entrepreneurship and bee conservation.
How much was she seeking in the Shark?
Mikaila and her father appeared on Shark Tank season 6 episode 23 in search of $60,000 for a 10% stake in their company. This equates to a $600,000 valuation.
Did they get the deal from the Shark Tank?
She accepted an offer from Daymond of $60,000 for 25% stake which brings valuation to be $240,000.
Is BeeSweet Lemonade still in business?
Yes, BeeSweet Lemonade is still in business and has been sold in over 1,500 retail locations. The company’s yearly revenue is $5 million as of August 2021.
Has she written a book about Beesweet Lemonade?
Yes, Mikaila wrote a book called ‘Bee Fearless
When was BeeSweet Lemonade aired on Shark Tank?
Beesweet Lemonade was featured on season 6 Episode 23 of Shark Tank in March 20th 2015.
Where is BeeSweet Lemonade based?
Beesweet Lemonade is based in the Austin, Texas.
What exactly is flaxseed?
Flaxseed is a miracle seed derived from flax that is one of the world’s oldest fibre crops, having been produced in ancient Egypt and China.
Flaxseed contains omega-3 fatty acids and antioxidants; recent study suggests eating flaxseed may also help lessen the risk of diabetes, cancer, and heart disease.
Where is their product manufactured?
Me & the Bees Lemonade is made in a cutting-edge commercial food processing plant.
Do Me & The Bees Lemonade contain gluten or dairy?
No, their lemonades are still created with basic ingredients and mostly sweetened with honey.
Is Me & The Bees Lemonade a minority supplier?
Yes, Me and the Bees Lemonade is a National Minority Supplier.
Is Me & The Bees Lemonade pasteurized?
Their lemonade is, indeed, pasteurized. To assure food safety, it is cooked to a high temperature for a brief period of time.
Do they need to keep Me & The Bees Lemonade refrigerated?
After opening, Me & the Bees Lemonade should be refrigerated.
How was this sugar and calorie reduction achieved?
This decrease is made feasible by continuing to utilize honey, eliminating cane sugar, and adding Monk Fruit, a melon-like fruit native to Southeast Asia that is carb and sugar-free and does not elevate blood sugar levels.
Is Me & The Bees still sweetened with honey?
Yes, Me & the Bees is still sweetened with honey, a natural sweetener high in vitamins and minerals.
How much sugar is in ME And The Bees Lemonade?
Depending on the taste, their lemonades contain between 13 and 19 grams of sugar per 8-ounce cup.
How does it compare to other ready-to-drink beverages?
When compared to other ready-to-drink grab-and-go choices, Me & the Bees offers up to 25% less sugar and up to 33% less calories.