Bee Sweet Lemonade - Shark Tank Update

Bee Sweet Lemonade - Non-Alcoholic Beverages

Published

Season 6, Episode 23 Founded by Mikaila and Theo Ulmer In Business

Bee Sweet Lemonade Details

Shark Tank Episode Details

Founders Mikaila and Theo Ulmer
Air Date 2015-03-20
Season & Episode Season 6, Episode 23
Initial Ask $60K for 10.0% equity
Deal Details Got deal: $60K for 25.0% equity from Daymond John
Estimated Yearly Revenue $5 million
Estimated Net Worth (4x estimated revenue) $20 million

The Shark Tank Pitch

Entrepreneurs Mikaila Ulmer (age 10) and her father Theo Ulmer appeared on Shark Tank Season 6 seeking $60,000 for 10% equity in Bee Sweet Lemonade, valuing their food and beverage company at $600,000. The inspiration for Bee Sweet Lemonade came from young Mikaila's traumatic experience being stung by bees at age four, which led her grandmother to send her some lemonade recipes to help her deal with the trauma, and as Mikaila became interested in making lemonade, she simultaneously developed a fascination with bees and their crucial role in the ecosystem.

Bee Sweet Lemonade revolutionized the beverage industry by creating a line of fresh-squeezed lemonade drinks sweetened with Texas wildflower honey, flaxseed, and mint, offering four unique flavors including mint, half tea & half lemonade, ginger, and prickly pear, positioning itself as both a delicious beverage and a product that supports bee populations through environmentally conscious ingredients and bee advocacy. The company's innovative approach combined great taste with social impact, as young Mikaila donated a portion of profits to various organizations devoted to saving bees while educating consumers about the importance of bees in our ecosystem, creating a powerful story that resonated with customers who valued both quality beverages and environmental responsibility.

At the time of their Shark Tank appearance, Bee Sweet Lemonade had achieved impressive traction with over $25,000 in sales the previous year through various Austin-area markets and restaurants including Whole Foods Markets, TOMS, People's Rx, MAX's Wine Dive, and many others, demonstrating strong local market validation for their premium lemonade products that cost $1.50 to manufacture and sold for around $3.00 retail. The business model focused on expanding from local Austin markets to broader regional and national distribution, with Mikaila serving as both the face of the brand and an advocate for bee conservation, while her father Theo provided marketing expertise and business management as his second full-time job.

Where Are They Now?

During their Shark Tank presentation, 10-year-old Mikaila impressed the sharks with her composure, knowledge, and passion for both her lemonade business and bee conservation, though she faced the typical challenges associated with the competitive beverage market and questions about scalability, ultimately securing a deal with Daymond John who offered $60,000 for 25% equity (more than the originally sought 10%) on the condition that his east coast distributor could help get the product into stores. The presentation was memorable for Kevin O'Leary's humorous comment telling the 9-year-old that "school has got to go" and for Mikaila's confidence in keeping her flaxseed ingredient secret, saying she would only share it with her business partner, while most sharks dropped out due to various concerns about the competitive beverage market, pricing, and their ability to add value to a young entrepreneur's business.

Following the successful Shark Tank deal with Daymond John, Bee Sweet Lemonade experienced explosive growth with sales increasing over 350% and securing an incredible $11 million distribution deal with Whole Foods, which began stocking the product in 55 stores, while young Mikaila gained national recognition and even met President Obama and the First Family at the White House Kids' State Dinner in 2015. The company successfully rebranded to "Me and the Bees Lemonade" and expanded dramatically to over 1,500 stores nationwide including major retailers like Whole Foods, Wegmans, The Fresh Market, HEB, Target, and Publix, while Mikaila continued her education and became a freshman at Emory College while maintaining her role as CEO and traveling around the country speaking to students about social entrepreneurship.

As of the most recent updates, Me and the Bees Lemonade has achieved remarkable success with over $10.2 million in total sales since appearing on Shark Tank, annual revenue of approximately $5 million, and has contributed $250,000 towards bee conservation efforts, while Daymond John helped design and license a "Start Your Own Lemonade Stand" kit featuring tips from Mikaila, proving that young entrepreneurs with genuine passion and social missions can build extraordinary businesses that create both profit and positive impact.

Revenue

$5 million

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