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 shark tank updates
First Saturday Lime is a family-owned business that produces safe, eco-friendly insect repellent made from limestone and citric acid.
The company appeared on Shark Tank in Season 11, Episode 19, seeking $100,000 for 10% equity. Kevin O’Leary made an offer of $100,000 for 25% equity, which the entrepreneurs accepted.
Since appearing on Shark Tank, First Saturday Lime has benefited from the “Shark Tank effect” and has been featured in Pets+, Better Homes and Gardens, and USA Today.
As of August 2022, the products are available on Amazon, Home Depot, and Walmart’s websites. The company has its products in over 400 independent garden centers and feed stores in the USA.
First Saturday Lime Shark Tank Table Summary:
|Company name||First Saturday Lime|
|Founders||Jana McDaniel, Jessica Jacobs, and Zac McDaniel|
|Product||Eco-friendly lime-based pesticide that repels bugs and pests, deodorizes and sanitizes spaces, and improves soil quality|
|Valuation||$1 million during the pitch|
|Shark’s offer||Kevin O’Leary offered $100,000 for a 25% stake in the company, which valued it at $400,000|
|Current status||Available in major retailers like Home Depot and Walmart, annual income of around $500,000, 400 independent garden stores|
|Kevin O’Leary’s Offer||$100,000 for 25% stake, valuing the company at $400,000|
|Current Sales Outlets||Amazon, Home Depot, Walmart, over 400 independent garden centers and feed stores|
|Annual Income||Around $500,000 (as of November 2021)|
|Competitors||Sunday, Cellar Door Plants, Plantquility|
|Shark Tank Update||Featured in Pets+, Better Homes and Gardens, and USA Today|
|Product Price||$29.99 for a 20-pound bag|
|Shark Tank Pitch||Seeking $100,000 for 10% equity, valued at $1 million|
|Offer from Sharks||Kevin O’Leary offered $100,000 for 25% equity, valuing the company at $400,000|
|Growth||Experienced significant growth since appearing on Shark Tank|
|Partnerships||Available in major retailers like Home Depot and Walmart|
|Net Worth||Annual income of around $500,000|
|Competitors||Sunday, Cellar Door Plants, and Plantquility|
|Shark Tank Effect||Featured in Pets+, Better Homes and Gardens, and USA Today|
|Availability||Products are available on Amazon, Home Depot, and Walmart’s websites, and in over 400 independent garden centers and feed stores in the USA|
First Saturday Lime FAQS
What Is First Saturday Lime and How Does It Work?
First Saturday Lime (FSL) is a monthly insect repellent that is eco-friendly, non-flammable, and safe for humans and animals to touch.
It is made from a patent-pending formula of calcium hydroxide, which is hydrated lime that has been made insoluble through a special process. FSL has many uses, including pest control and repellant, algae control, odor and moisture control, and mosquito larvae control.
FSL works by drying out insects, eggs, and larvae by clogging up their spiracles, which they use to breathe, and eventually dehydrating them. It creates an inhospitable environment for insects to reproduce, causing them to leave the area.
FSL can also be added to animal bedding to aid in moisture control, reduce odors, and repel insects. It is safe to use in reptile or amphibian habitats as long as insects are not compromised.
FSL is easy to apply and can be used in various settings, including homes, gardens, and farms. It is affordable, and a little goes a long way.
FSL is a small, family-owned, American company that uses eco-friendly products approved for use on food contact and food preparation, making it perfect for organic gardens. It is a safe and effective alternative to traditional insect repellents that contain harmful chemicals.
Who Is the Founder of First Saturday Lime?
Jana McDaniel is one of the co-founders of First Saturday Lime. She founded the company with her sister, Jessica Thompson, two years ago. The company creates an all-natural pesticide from hydrated limestone that is safe for families and pets.
The product is designed to be spread around the exterior of houses and is meant to be applied once a month, ideally on the first Saturday of every month.
Jana McDaniel, along with her husband Zac and sister Jessica Jacobs, appeared on Shark Tank seeking a partner for First Saturday Lime. They asked for $100,000 for 10% of their company. At the time of filming, they had $150,000 in sales for 2019 and projected $350,000 for the following year.
Jana McDaniel is listed as the president and CFO of First Saturday Lime on her LinkedIn profile.
How Much Was First Saturday Lime Asking In The Shark Tank?
First Saturday Lime was asking for $100,000 for 10% equity in their company. The Sharks were impressed with the product and the profit margins, but they were concerned about the cost of shipping.
The 20-pound bag costs $10 to ship, which drastically reduces the profits. In the end, they made a deal with Kevin O’Leary for $100,000 and 25% equity.
How Much Did First Saturday Lime Receive?
First Saturday Lime received a $100,000 investment from the Sharks in exchange for 25% equity during their appearance on Shark Tank. As of the end of 2021, they were doing $500,000 in yearly revenue, with great profit margins as it costs $1.60 to make and sells for $19.99 retail.
Their annual sales at that time were $150,000, but they projected that they would end the year at a higher number.
What Is the Current Status of First Saturday Lime after Shark Tank?
Since appearing on Shark Tank, First Saturday Lime has continued to grow and expand its reach. The company has received consistently positive reviews and is now sold in over 400 independent garden shops and feed stores across the United States.
The founders attribute their success to their appearance on Shark Tank and their partnership with Kevin O’Leary, which helped them increase brand awareness and secure valuable retail partnerships. As of August 2022, the product is available on Amazon, Home Depot, and Walmart’s websites.
First Saturday Lime has also been featured in various publications, including Pets+, Better Homes and Gardens, and USA Today4. The company has a patent on the factory and the proprietary method for using the lime, but not on the product itself.
They have great profit margins as well because it costs $1.60 to make and it sells for $19.99 retail. Their annual sales so far are $150,000, though they project that they’ll end the year at $350,000.
Overall, First Saturday Lime has continued to thrive and expand its reach since appearing on Shark Tank. The company has secured valuable retail partnerships and has been featured in various publications, which has helped to increase brand awareness and drive sales.
What Are The Benefits Of Using First Saturday Lime?
First Saturday Lime is an eco-friendly, non-flammable, and non-toxic monthly insect repellent that is safe for children, pets, animals, and organic farming.
The product is made from a derivative of limestone called precipitated calcium carbonate, which is a natural desiccant that dries out insects, eggs, and larvae by clogging up their spiracles and eventually dehydrating them.
The product creates an inhospitable environment for insects to reproduce, and thus they leave the area.
First Saturday lime is versatile and can be used in various ways, including as an insect repellent for gardens, farms, and animal bedding, as well as a moisture control and odor reducer for animal bedding.
The product is also safe to use in reptile or amphibian habitats and does not affect the pH levels in the soil around trees and flowers.
The product has received consistently positive reviews and has been featured in various publications. It is less toxic than other insecticides and has great profit margins, as it costs $1.60 to make but sells for $19.99 retail.
Overall, First Saturday lime is an effective and safe alternative to traditional insecticides that can be used in various settings.
What kind of lime is first Saturday lime?
Hydrated lime and citric acid derived from limes have been processed in a patent-pending procedure to render them insoluble and safe when used as recommended.
What is on the 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 the 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.