First Saturday Lime Shark Tank Net Worth

Jana McDaniel, Jessica Jacobs, and Jana’s husband Zac McDaniel founded First Saturday Lime and pitched it on Shark Tank seeking a $100,000 investment in exchange for a 10% stake in their business.

At the time of the pitch, their company was valued at $1 million. During their pitch, they showcased their product, which is a non-toxic and eco-friendly lime-based pesticide that helps to repel bugs and pests, deodorize and sanitize spaces, and improve soil quality.

After their presentation, Kevin O’Leary made an offer of $100,000 for a 25% stake in their company, which valued it at $400,000. The founders ultimately accepted Kevin’s offer, and they began working with him to expand their business.

Since the show, First Saturday Lime has experienced significant growth, and their product is now available in major retailers like Home Depot and Walmart. The company has also expanded its product line to include a range of eco-friendly pest control solutions for pets, livestock, and gardens.

The founders credit their success to their appearance on Shark Tank and their partnership with Kevin O’Leary, which helped them to increase brand awareness and secure valuable retail partnerships.

What is First Saturday Lime and Who is the Founder of First Saturday Lime?

 

First Saturday Lime is an eco-friendly insect repellent that uses lime to repel unwanted insects without harmful chemicals that can damage the environment, humans, and animals.

The product has been scientifically certified to repel invasive insects and has been tested in both laboratory and field conditions.

The company’s founders are sisters, Jessica and Jana, who grew up on a farm in Oklahoma where they learned about using lime as an insect repellent and killer from their father who owned a limestone company.

Jana, who owned a restaurant, was searching for a safe pest control solution that was harmless to pets and children. She and her sister Jessica decided to develop a lime-based solution with the help of a chemical expert.

They started selling First Saturday Lime in 2017 and initially, sales were slow. But they persisted and now the product is available on Amazon and the company’s website.

The name First Saturday Lime is a reminder to use the product on the first Saturday of each month as a preventive measure or to treat an existing infestation.

Simply apply the product around the perimeter of your home to deter insects. A 20-pound bag of First Saturday Lime costs $29.99, which is more affordable than hiring a professional pest control service.

 

First Saturday Lime the Shark Tank Pitch

During an episode of Shark Tank’s Season 11, Jana McDaniel, Jessica Jacobs, and Jana’s husband Zac McDaniel presented their product, First Saturday Lime, seeking $100,000 for a 10% stake in their business, which valued the company at $1 million.

They explained their background and mentioned that they held a patent on their manufacturing technique but not on the finished product.

At the time of the episode’s taping, the company had $150,000 in sales for 2019 and expected $350,000 in revenue for the year.

However, the Sharks were concerned about the product’s profit margins, as it costs $1.60 to produce a 20-pound bag, but it retails for $19.99, and the complimentary shipping would cost an additional $10.00.

Only Lori Greiner and Daniel Lubetzky offered the company $100,000 for a 33.3% stake, but the founders wanted 25%. Kevin O’Leary returned to the discussion at the last moment and agreed to their counteroffer of $100,000 for a 25% stake in the company.

After the show, the deal with Kevin O’Leary did not go through, but the company continued to sell on Amazon. First Saturday Lime has received consistently positive reviews and is now sold in over 400 independent garden shops and feed stores across the United States.

As of November 2021, the product is available on Amazon, Home Depot, and Walmart websites, and the company has an annual income of around $500,000.

First Saturday Lime Net Worth

First Saturday Lime, the company founded by Jana McDaniel, Jessica Jacobs, and Jana’s husband Zac McDaniel, pitched on Shark Tank seeking $100,000 in exchange for a 10% stake in their business, which valued the company at $1 million.

They later accepted an offer from Kevin O’Leary of $100,000 for 25% equity, valuing the company at $400,000.

First Saturday Lime Competitors

First Saturday Lime is in direct competition with other leading agricultural goods retailers such as Sunday, Cellar Door Plants, and Plantquility.

First Saturday Lime FAQS

What is First Saturday Lime?

First Saturday is a patent-pending, eco-friendly insect repellent that has been laboratory and field tested to repel unwelcome insects effectively.

Certified scientific research demonstrates that First Saturday repels invasive insects effectively without the use of hazardous chemicals that can harm humans, animals, and their eco-system.

Who is the Founder of First Saturday Lime?

Jana McDaniel and Jessica Jacobs.

How much were they asking in the Shark Tank?

They were seeking $100,000 for 10% ownership of the company.

How much did they receive?

Kevin O’Leary agreed to invest in the company for $100,000 for 25% of the company.

What kind of lime is first Saturday lime?

Hydrated lime and citric acid derived from limes that have been processed in a patent-pending procedure to render them insoluble and safe when used as recommended.

What is on first Saturday lime?

The primary component of First Saturday Limestone is a kind of precipitated calcium carbonate. In essence, this product is created by dissolving a certain sort of limestone in water.

They could also refer to calcium carbonate as chalk. Calcium carbonate is effective as a desiccant.

Does First Saturday Lime get rid of frogs?

Surprisingly, First Saturday Lime works as a repellent for snails and slugs as well. This might be a significant benefit for some crops that those pests adore.

Another idea is to bring hedgehogs and frogs to their yard.

If they reside in a location where scorpions are prevalent, such as the southwestern United States, this product will also eliminate them.

Is first Saturday Lime safe for pigs?

All animals are safe to use First Saturday Lime Monthly Pet Insect Repellent.

Can they dust their chickens with First Saturday Lime?

First Saturday Lime proposes using it in their flock’s dust bath area, as it provides an excellent dust bath for their hens, which they agree appear to like.

Additionally, it may be used to whitewash the interior of the chicken coop to deter insects.

Does First Saturday Lime repel snakes?

Because lime is used to repel insects, homeowners frequently ask if it can be used to repel bigger pests such as rats and snakes.

Certain individuals assumed that the pungent odour would repel these creatures. However, no proof has been shown that lime is beneficial at deterring some types of animals.

How does First Saturday Lime work?

It is a very potent compound made entirely of eco-friendly ingredients.

It is capable of drying insects, eggs, and larvae by obstructing the spiracles via which insects breathe and finally dehydrating them.

It provides an uninhabitable environment for insects to breed, causing them to flee the region.

It is useful as both a treatment and a preventative measure for infestations.

Which insects does First Saturday Lime repel?

Their product is suitable for use on all insects that have an exoskeleton.

This includes ants, fleas, ticks, mites, lice, aphids, and beetles, among others.

Additionally, it may be used to limit the proliferation of mosquitoes in water troughs and ponds. Additionally, many bee farms utilize their solution to protect their hives from tiny hive beetles.

Does First Saturday Lime repel snails or slugs?

True, their stuff is quite effective against slugs and snails.

Does First Saturday Lime work for ticks?

They can distribute their product evenly throughout the entire yard using a yard spreader on the lowest setting and then wait two days before watering.

Their product produces an unfavourable dry environment for larvae and kills them while remaining safe for children and pets.

It is advisable to treat their yard on a regular basis to prevent the lifecycle from being disrupted.

Is First Saturday Lime safe to be around for small animals?

Chickens, ducks, cats, dogs, rabbits, hamsters) Yes, when used as instructed, First Saturday Lime is safe for animals of all sizes to contact or keep near a food source.

Is First Saturday Lime safe around pets? What if they lick it off?

Yes, lime is safe for pets when handled properly, even if taken accidently.

What happens after it rains?

Because the substance is insoluble, it dries out and resumes its effectiveness. Once a month (say, the first Saturday of the month!) inspect the area and reapply if necessary.

Can First Saturday Lime be used indoors?

No, they propose sprinkling First Saturday Lime on the exterior of the home’s barrier to deter unwelcome bugs.

Is lime a bug repellent?

It has been shown to repel aphids, flea beetles, Colorado potato beetles, squash bugs, cucumber bugs, and other pests.