Henry’s Humdingers Net Worth
Henry Miller, the founder of Henry’s Humdingers, appeared on Shark Tank in 2022 seeking an investment of $150,000 in exchange for a 25% stake in his company. The sharks commended Miller based on the taste of the honey and the fact that in three years he had made $67,000.
Herjavec upped the ante to $300,000 for 75 percent, but it is unclear if Miller accepted the offer. As such, Henry’s Humdingers’ net worth is unknown.
What is Henry’s Humdingers and Who founded Henry’s Humdingers?
Henry’s Humdingers is a company that produces spiced raw honey with delicious flavors. The founder of this company is Henry Miller, who developed an interest in bees at a young age.
When he was 12 years old, he received a beehive, which sparked his passion for beekeeping. He started experimenting with adding spices to his excess honey, which eventually led to the creation of his business.
Since then, Henry’s Humdingers has experienced significant growth and can now be found in over 100 locations across 31 states. The company distributes its products through regional supermarkets and natural food stores.
Additionally, they have attracted wholesale clients at natural food expos, catering to the demand for raw honey among the natural food community.
To summarize, Henry Miller founded Henry’s Humdingers, a company that produces flavorful spiced raw honey. His childhood passion for bees and experimentation with adding spices to his honey led to the creation of this successful business.
Henry’s Humdingers the Shark Tank
Henry appeared on the TV show Shark Tank seeking a $150,000 investment in exchange for a 25% stake in his spiced honey company, Henry’s Humdingers.
He argued that the extinction of bees would cause the food chain to collapse. The Sharks initially laughed at his pitch but were impressed by his sales of $67,000 over three years and his distribution in 300 stores across 30 states.
Kevin O’Leary declined due to a lack of market potential, Lori Greiner saw no market for “hot” honey, and Barbara Corcoran suggested internet crowdfunding. However, Mark Cuban offered $300,000 for a 60% stake in the company, and after negotiation with Robert Herjavec, they agreed on a deal of $300,000 for a 75% equity stake.
Henry accepted the offer but ultimately declined it to keep the business in the family, despite advice from friends to take the investment and repay his parents. The show helped his business grow by 300% and expanded his distribution. He also reached out to Target and was in negotiations with a yogurt chain.
However, Henry’s Humdingers is now closed, and their website and social media accounts are inactive. The family farmhouse, which was crucial to the business, was destroyed in a fire, and the company officially shut down on January 2nd, 2019. Despite this, Mark Cuban remained supportive and checked in on Henry regularly.
Competitors of henry’s Humdinger
Ada’s Honey is raw, handcrafted honey from Colorado, produced by a single beekeeper using heirloom bees.
The beekeeper believes in the importance of the relationship between humans and nature in the pollination process.
FAQS of Henry’s Humdingers
Who founded Henry’s humdingers?
It was founded by Henry Miller in 2014.
What are the best flavors offered by Henry’s Humdingers?
The best flavors are Apple Pie Spice Raw Honey, Pumpkin Pie Spice Raw Honey, and Strawberry Roasted Garlic Raw Honey.
How many varieties of raw honey does henry’s humdinger offer?
They offer about 5 varieties which include: Apple Pie Spice, Breakfast Blend, Chocolate Lover’s, Cranberry Orange, and Strawberry Roasted Garlic.
Why is Henry’s humdinger best for cooking?
They are recommended for use in baking, cooking, and candy making. They are perfect for making sauces and canning.
What was Henry’s humdinger deal at the shark Tank?
Henry’s Humdinger was featured on the first episode of the first season of Shark Tank. He made a deal with Kevin O’Leary and Mark for $300,000 for 75% of his business.
What happened to Henry’s humdinger honey?
Henry Miller revealed on Facebook on January 2, 2019, that he has closed Henry’s Humdingers after five years. Miller stated in the article that the company was losing money.
Is Henry’s Humdingers still in business?
Unfortunately, Henry announced the closure of the company on Facebook in January 2019.
What happened to Henry’s humdingers after the Shark Tank?
The business grew by 300%, but on January 2019, after five years of business, Henry’s Humdingers closed. He said that the company was losing money and that he had no choice but to shut it down.
How many employees did Henry’s humdingers have?
According to Henry’s Facebook page, there was 1 full-time employee at the time of the filming of the first episode of the first season of Shark Tank.
There is no further information about Henry’s humdingers today.
What is Henry’s humdinger Big Honey?
Henry’s Humdingers was renamed to Henry’s Big Honey after it was purchased by Buffalo Nugget Company in 2016.
Henry Miller said he had no control over this change but was happy with it since it allowed them to continue making their honey.
What stores sell Henry’s Humdinger Honey?
Henry’s Humdingers could be purchased singly online, or in a 4-pack of 13 ounce jars via the QVC home shopping network.
What exactly are Henry’s Humdingers?
Henry’s Humdingers is a natural condiment brand that consists of honey with a hint of spice — honey with a kick.
Henry reconverted beekeeping into a company, forming Henry’s Humdingers LLC.
Henry Miller later pitched Henry’s Humdingers, his brand of spicy honey, in Shark Tank episode 516
What is the story with Henry?
As previously stated, Henry Miller invented spiced raw honey.
Starting a profitable business at the age of 12 obviously necessitates rapid maturation, and as Henry points out at the opening of this movie, at the ripe old age of 15, he has already done precisely that.
Henry enters the Shark Tank in search of a $150,000 investment in exchange for a 25% ownership in the company.
What was the deal price?
Miller ended up with $300,000 for 75% but he decided to decline the deal in order to keep it as a family business.
What happened to Henry’s Humdingers after shark tank?
Despite his friends’ advice to accept the deal in order to return his parents’ $150,000 investment, Henry finally declined down the Shark’s offer, keeping the company in the family.
His company’s revenue surged by 300 percent following his appearance on Shark Tank, and his distribution has expanded.
Regretfully, Henry announced the closure of Henry’s Humdingers on Facebook in January 2019: “I wanted to write and let you know that I have closed Henry’s Humdingers since we haven’t generated any profit in some time.”