Henry’s Humdingers Shark Tank Update | Henry’s Humdingers after Shark Tank
What is Henry’s Humdingers?
Henry’s humdingers is company that manufacture delicious spiced raw honey founded by Henry Miller.
Henry fell in love with bees when he was just 11 years old and he requested a beehive for his birthday when he was 12 years old.
He had more honey than he knew what to do with before he realized it, so he started combining spices with it.
After four years, Henry’s company has expanded to a national level.
Henry’s Humdingers is distributed through smaller, regional supermarkets and natural food stores in over 100 locations throughout 31 states.
At natural food expos, he had success getting wholesale clients for his raw honey – raw honey is popular among the natural foods crowd.
Who founded Henry’s Humdingers?
Henry Miller founded Henry’s Humdinger.
What happen to Henry’s Humdingers at the Shark Tank?
Henry approaches the Shark Tank in search of a $150,000 investment in exchange for a 25% ownership in the company.
He argues that if bees were to go extinct, the food chain would collapse, and the “unthinkable” would occur. The Sharks laughed as Mr. wonderful said, “You wouldn’t be able to make any more money.”
Henry has a confident and endearing demeanour.
He puts on a business suit and serves out samples of his spiced honey after removing his beekeeper’s protective equipment.
The Sharks are blown away. He’s made $67,000 in sales in three years, with $50,000 in the last 12 months.
He’s in 300 stores throughout 30 states, as well as a major distributor.
Due to a lack of funds, he has struggled to expand manufacturing and distribution. His family has already made a $150,000 investment in the company.
Kevin O’Leary does not feel the product has a significant market.
He also believes that the major honey distributors would seize control of the niche as soon as he proves that it can be profitable. He is out.
Mark Cuban is interested in learning more about Henry’s marketing plan.
He attends food trade exhibitions and has a contract with Wegmans, which is an outstanding link.
Lori Greiner admires Henry’s commitment to the environment and bee preservation, but she doesn’t think there’s a market for “hot” honey.
She goes out since she doesn’t think she’ll receive her money back.
Henry is personable and educated, according to Barbara Corcoran, and he would do well with internet crowdfunding.
She likes him, but she doesn’t think he “needs” to be partnered with a Shark. She’s no longer with us.
Robert Herjavec has a relationship with one of Canada’s top honey distributors, but he’s not sure Henry’s product would fit into their distribution.
Mark Cuban, though, makes a pitch before he can leave.
He asks Robert whether he’d be interested in making a deal.
He’s ready to provide $300,000 in exchange for a 60% stake in the company because it would need the creation of a new category.
Herjavec claims that the value isn’t enough to compensate for the time and effort required.
He raises the offer to 75% equity for $300,000 investment.
They’d buy it and renovate it, enabling Henry to preserve his equity while they took over the development.
Henry requests a minute to consider the offer, but he takes it and exits the stage with a Shark contract.
Henry’s Humdingers after Shark Tank
Despite his friends’ advice to accept the purchase in order to return his parents’ $150,000 investment, Henry finally declined the Shark’s offer, keeping the company in the family.
Henry believes he made the correct choice.
Following his debut on Shark Tank, his business grew by 300 percent, and his distribution grew as well.
He’s in negotiations with a large yogurt chain about utilizing his Henry’s Humdingers as a topping, and he’s also reached out to Target locations.
His parents’ efforts continue to support the business’s growth. New flavours were introduced during a QVC show in June 2015.
Henry himself plans to study economics and entrepreneurship at Washington State University.
Mark Cuban, far from being unhappy by the deal’s failure, has volunteered to be a reference for Henry and checks in on him on a regular basis to see how he’s doing.
Henry’s bees have delivered a sweet bargain, and the future for this young guy and his family appears to be bright.
Henry’s Humdingers, according to their official website, is now closed.
This is because the family’s farmhouse was destroyed in a fire. Their social media accounts and website are currently inactive.
Henry’s firm was shut down on 2, January of 2019.
Competitors of henry’s Humdinger
Ada’s Honey – Honey from Ada’s Honey is a raw honey from Colorado, made from heirloom bees. The honey is handcrafted by a single beekeeper who believes in the power of the pollination relationship between man and nature.
FAQS of Henry’s Humdingers
Who founded Henry’s humdingers?
It was founded by Henry Miller in 2014.
What are the best flavours offered by Henry’s Humdingers?
Best flavours 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 the 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 happen 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 had 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 were 1 full-time employee at the time of the filming of the first episode of the first season of the Shark Tank.
There are 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.”