Bee Sweet Lemonade Update | Shark Tank Season 6
9 year old Mikaela Ulmer and her dad Theo Ulmer wanted to create a healthier beverage alternative. Their lemonade is produced with flaxseed, providing additional nutritional benefits. Will the sharks offer them a sweet deal on
Shark Tank Bee Sweet Lemonade Update
- Entrepreneurs: Mikaila Ulmer and Theo Ulmer
- Business: Lemonade made with flaxseed
- Ask: $60,000 for 10% equity
- Result: $60,000 for 25% equity
- Sharks: Daymond John
Mikaela and her dad Theo brought their Bee Sweet Lemonade to the tank. They explained that they produce four flavors of lemonade; mint, half tea & half lemonade, ginger and prickly pear and their special ingredient is flaxseed. They then passed out samples for the sharks to try.
Me & the Bees Classic Lemonade helps quench your thirst with a vibrant sweet lemonade. Made with real lemon juice cane sugar our bottled lemonade offers an all-natural taste to satisfy your sweet tooth throughout the day.
All of the company’s sales come directly from Whole Foods where they have their products in about 30 different locations. Mikaila and Theo were hoping to expand to more locations with a potential offer to enter Whole Foods in the Southwestern region of the United States. Each unit is costs $1.50 to manufacture, and retails for around $3.00.While the margins were decent, there was definitely some room for improvement. With larger purchase orders during the manufacturing process, the company believes they can get the costs of production down to below a dollar.
Kevin O’Leary was the first shark to drop out without making an offer. Robert Herjavec also dropped out, because he believed the industry was way too competitive. Mark Cuban dropped out because he didn’t believe that the company would be a profitable return on their investment. Lori Greiner went out next because she couldn’t drink the lemonade due to an allergy.
Daymond John was the last chance for Bee Sweet Lemonade to secure a deal and he decided to offer $60,000 for 25% equity. His offer was contingent on getting his convenience store partners to carry the product. Theo and Mikaila accepted his offer. What happened next for their company? Keep reading our Bee Sweet Lemonade update to find out!
We have some good news to share in our Bee Sweet Lemonade update! After a copyright issue was discovered, the company changed its name to Me & The Bees Lemonade and secured a massive deal with Whole Foods market after appearing on
Would you like to find out about the other companies featured on Season 6 Episode 23? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 6 Products Page!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!