What Happened to Zach & Zoe Sweet Bee Farm after Shark Tank? Zach & Zoe Sweet Bee Farm Shark Tank Update
What Zach & Zoe Sweet Bee Farm?
Zach & Zoe Sweet Bee Farm is a raw honey business founded by Kam and Summer Johnson after their youngest son Zach, who has asthma, acquired “extremely serious” seasonal allergies.
After learning about the various advantages of raw honey and how it might help avoid allergies through a concept known as immunotherapy, the family opted to purchase raw honey from local beekeepers.
They noted significant improvements in Zach’s allergies, which motivated the family to become beekeepers and create pure, raw honey on their own, free of pesticides and contaminants.
Zach & Zoe Sweet Bee Farm now manufactures a wide range of flavored raw honey products, including Wildflower Honey with Fruits & Vegetables, Wildflower Honey Immunity Boosters, Wildflower Bee Pollen, Beeswax candles, and more.
Who is the founder of Zach & Zoe Sweet Bee Farm?
Kam and Summer Johnson founded Zach & Zoe Sweet Bee Farm. Zack is the one who got the family into raw honey in the first place. He suffered from severe allergies, and raw honey served as an immunotherapy.
Because it’s raw and unfiltered, it includes pollen, which helped his immune system and alleviated his allergies. Initially, they purchased raw honey from a number of local beekeepers, but in 2015, they decided to establish their own hives as a family activity and a method to provide Zach with his honey.
They began selling the honey in Stockton Market, a farmer’s market in Hunterdon County, New Jersey, in 2016. They set up stalls at two additional farmer’s markets in 2018.
Oprah proclaimed the honey one of her favorite things in 2020, which gave them their big break. They were named Chase Bank Brand Ambassadors in 2021.
Lemon, lavender, cherry, blue berry, and other tastes are incorporated into the honey, which comes in one-pound jars.
Depending on the taste, a jar costs $20 or $24. Some of the varieties, such as blueberry, are only available during certain times of the year. Kam and Summer manufacture honey on the farm and at a commercial kitchen in the area. In the future, they intend to construct a warehouse on the property.
What Happened to Zach & Zoe Sweet Bee Farm at Shark Tank pitch?
In Shark Tank episode 1310, Zach, Zoe, Kam, and Summer Johnson aim to elicit a buzz from the Sharks for Zach and Zoe Sweet Bee Farm, their raw honey company. The couple is looking for a Shark to assist them in expanding their business.
Zach, Zoe, Kam, and Summer came to Shark Tank looking for $150,000 in exchange for a 10% stake in their firm, which worth $1.5 million.
They explain the distinction between pure, raw honey and other honeys. They went on to explain that they pack all of their items by hand. Summer explains how they got to be beekeepers. Lebanon, New Jersey is the location of their plant.
The family has 50 hives and buys 80% of their honey from other beekeepers in the area. They describe how honey helped Zach overcome his allergies.
Lori had seen the stuff before, and the Sharks are gobbling it. Kam mentions their appearances at Macy’s and Bloomingdales, as well as their media coverage. In 2018, sales were $62,000, and in 2019, they were $135,000, up from $62,000 in 2018.
In 2020, sales were $401,000, and by the middle of 2021, they had risen to $880,000. Farmers markets accounted for 70% of their business prior to the outbreak.
They inverted that figure after the epidemic and now do 70% of their internet sales without advertising. Each jar costs $6 to create, $13 to wholesale, and $20 to retail. Summer describes them as a high-end brand that is somewhat pricier than the competitors.
Target welcomed the company into its incubation program, which was expected to boost revenues to $1.5 million. They have a profit margin of 23% and are lucrative.
Daniel mentions the disappearance of bees. He’s curious about their involvement in beekeeping, and they explain how they’re on a mission to teach people about bees.
Mark decides to go out since he believes that it will be tough to scale. Daniel can’t see how he’d fit in, so he’s out. Lori claims that she doesn’t consume honey and she went out as well.
Kevin compares the family to Wicked Good Cupcakes, which sold out to Hillshire Farms in June 2021, resulting in “millions of cash” for everyone involved.
He makes the Johnsons the same deal he did with Wicked Good Cupcakes: $150,000 in exchange for no stock and a $1 per jar fee until he recoups the $150,000. Following then, the royalty was reduced to 25 cents each year in perpetuity.
Barbara thinks the family reminds her of her after a break. She believes that they are sitting on an empire and offers $200,000 in exchange for 20% equity.
Barbara joins the family onstage, and Kevin advises them not to give up too much equity. The family counter offers Barbara $200,000 in exchange for 12% equity shares.
Barbara counters with $200,000 in exchange for 15% shares, which they agree, and they eventually leave the pitch with the deal.
What Happened to Zach & Zoe Sweet Bee Farm after Shark Tank?
Barbara tweeted on the night of the initial air date: “Welcome to the family, #ZachAndZoeSweetBeeFarm! #SharkTank @ABCSharkTank“
The deal with Barbara Corcoran is under due diligence and the company is still in business as of February 2022. The company was projecting $1 million in yearly sales.
Competitors of Zach & Zoe Sweet Bee Farm
The main Competitors of Zach & Zoe Sweet Bee Farm in the market space are; Carmela’s Honey, Corcoran Honey, Mountain Valley Honey, Pure Bee Enterprises, LLC and EZ Bee Products – A-Firm, LLC.
Net Worth of Zach & Zoe Sweet Bee Farm
The company valuation was $1.5 million during the pitch, after the investment done by Barbara the company worth $1.3 million. Since then the company net worth might have been more than that of pitch.
Zach & Zoe Sweet Bee Farm FAQs
What is Zach & Zoe Sweet Bee Farm?
Zach & Zoe Sweet Bee Farm is a family run business that sources local honey from other beekeepers in New Jersey, who supply the raw materials. The honey is then packed and sold by the couple themselves.
The company name was inspired by two children who were allergic to bees but became interested in them when they went on a trip to Israel together for the first time.
Who is the founder?
The founder of the business is Zach Johnson and his wife Zoe.
How much were they seeking on Shark Tank?
They were seeking for $150,000 for a 10% investment stake in the company.
How much did they receive?
They received $200,000 for a 15% stake in the company from Barbara Corcoran.
Is Zach & Zoe Sweet Bee Farm still in business?
Yes, it is still in business as of February 2022.
Where is the headquarters of Zach & Zoe Sweet Bee Farm?
The headquarters of the company is in Lebanon, New Jersey, with their production facility in Lebanon, New Jersey.
What are the products produced by Zach & Zoe Sweet Bee Farm?
The company produces a honey that comprises blends of flavors such as blueberry and lemon, among others. The honey comes in different sizes, with some being cheaper variants. Some products include six-ounce jars of honey.
What are your return policies?
They consider their customers to be an extension of our family, thus they want them to be satisfied with the product. They regret that they are unable to accept refunds on food goods.
If their order arrives faulty or damaged, they will send customers a replacement within 30 days of the purchase. Please tell them with their order number by emailing [email protected] They may ask for a snapshot of the item as well as its original packing.
When will I get my order?
They typically send all items within 48-72 hours after the transaction date.
What should I do with my honey?
Honey should ideally be kept in a sealed container away from direct sunlight. Honey does not need to be refrigerated since the lower temperatures cause it to harden. The optimal temperature is room temperature.
How long does honey last?
Honey has an extremely long shelf life, owing to its low moisture content, and so does not deteriorate.
What caused the change in the texture of my honey?
Honey is a highly concentrated solution of two sugars: glucose and fructose. Because it’s super-saturated, some of the sugars ultimately come out of solution and affect the texture of the honey due to a natural chemical process.
The more glucose there is in the honey, the more it crystallizes. The presence of crystallized honey indicates that the honey has not been diluted or contaminated in any manner.
Can anyone consume honey?
Because our honey is raw and unpasteurized, experts recommend that youngsters wait until they are at least one year old before adding honey to their diet.
What is the net worth of Kam Johnson?
The net worth of Kam Johnson is unknown.
What is the net worth of Zoe Johnson?
The net worth of Zoe Johnson is not available.