What Happened to Zach & Zoe Sweet Bee Farm After Shark Tank?
What Zach & Zoe Sweet Bee Farm?
Kam and Summer Johnson created Zach & Zoe Sweet Bee Farm, a raw honey business, when their youngest son Zach, who has asthma, had “very acute” seasonal allergies.
The family decided to buy raw honey from local beekeepers after learning about the different benefits of raw honey and how it may help avoid allergies through a concept called as immunotherapy.
They saw dramatic improvements in Zach’s allergies, which inspired the family to become beekeepers and produce pure, raw honey free of pesticides and pollutants on their own.
Zach & Zoe Sweet Bee Farm currently produces a variety of delicious raw honey products, such as 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?
Zach & Zoe Sweet Bee Farm were established by Kam and Summer Johnson. Zack is the one who originally introduced the family to raw honey. He had severe allergies, and raw honey functioned as immunotherapy for him.
Because it is raw and unfiltered, it contains pollen, which aided his immune system and relieved his allergies. Initially, they bought raw honey from a few local beekeepers, but in 2015, they decided to start their own hives as a family activity and a way to give Zach with honey.
In 2016, they started selling the honey at Stockton Market, a farmer’s market in Hunterdon County, New Jersey. In 2018, they established their shop at two more farmer’s markets.
In 2020, Oprah named the honey one of her favorite things, giving them their big break. In 2021, they were designated Chase Bank Brand Ambassadors.
Lemon, lavender, cherry, blueberry, and other flavors are blended with the honey, which is available in one-pound jars.
A jar costs $20 or $24 depending on the flavor. Some types, such as blueberry, are only accessible at specific periods of the year. Kam and summer make honey on the farm and at a nearby commercial kitchen. They want to build a warehouse on the land in the future.
What Happened to Zach & Zoe Sweet Bee Farm at Shark Tank pitch?
Zach, Zoe, Kam, and Summer Johnson attempt to create a buzz from the Sharks for Zach and Zoe Sweet Bee Farm, their raw honey firm, in Shark Tank episode 1310. The couple is seeking for a Shark to help them grow their business.
Zach, Zoe, Kam, and summer came to Shark Tank seeking for $150,000 in return for a 10% stake in their company, worth $1.5 million.
They distinguish between pure, raw honey and other honeys. They went on to say that they pack everything by hand. Summer describes how they became beekeepers. Their factory is located in Lebanon, New Jersey.
The family maintains 50 hives and purchases 80% of their honey from other beekeepers in the neighborhood. They explain how honey assisted Zach in overcoming his allergies.
Lori had seen it before, and the Sharks were devouring it. Kam cites their Macy’s and Bloomingdale’s appearances, as well as media publicity. Sales were $62,000 in 2018, and $135,000 in 2019, up from $62,000 in 2018.
Sales were $401,000 in 2020, and by the middle of 2021, they had increased to $880,000. Prior to the epidemic, farmers markets accounted for 70% of their business.
After the outbreak, they reversed that ratio and now do 70% of their internet sales without advertising. Each jar costs $6 to make, $13 to sell wholesale, and $20 to sell retail. Summer characterizes them as a high-end brand that is somewhat more expensive than the competition.
Target accepted the firm into its incubation program, which was projected to increase sales by $1.5 million. They have a profit margin of 23% and were profitable.
Daniel notices the vanishing of bees. He’s intrigued by their engagement in beekeeping, so they explain how they’re on a mission to educate others about bees.
Mark chooses to exits since he feels it will be difficult to scale. Daniel can’t see himself fitting in, therefore he’s out. Lori maintains she doesn’t eat honey and that she goes out as well.
Kevin likens the family to Wicked Good Cupcakes, which was sold to Hillshire Farms in June 2021, resulting in “millions of dollars” for everyone involved.
He strikes the same deal with the Johnsons as he did with Wicked Good Cupcakes: $150,000 in return for no shares and a $1 per jar charge until he recoups the $150,000. The fee was then cut to 25 cents each year in perpetuity.
Barbara believes that the family reminds her of her after a break. She feels they are sitting on a fortune and offers $200,000 in return for 20% ownership.
Barbara appears onstage with the family, and Kevin cautions them not to give up too much stake. Barbara was counter-offered $200,000 in return for 12% equity shares by the family.
Barbara replies with $200,000 in return for 15% ownership, and they ultimately leave the pitch with the deal.
What Happened to Zach & Zoe Sweet Bee Farm After Shark Tank?
On the night of the premiere, Barbara tweeted, “Welcome to the family, #ZachAndZoeSweetBeeFarm! @ABCSharkTank #SharkTank”
The deal with Barbara Corcoran is undergoing due diligence, and the firm will remain in operation until February 2022. The firm expected to make $1 million in sales each year.
Competitors of Zach & Zoe Sweet Bee Farm
Carmela’s Honey, Corcoran Honey, Mountain Valley Honey, Pure Bee Enterprises, LLC, and EZ Bee Products – A-Firm, LLC are Zach & Zoe Sweet Bee Farm’s main competitors in the market.
Net Worth of Zach & Zoe Sweet Bee Farm
During the pitch, the firm was valued at $1.5 million; following Barbara’s investment, the company was valued at $1.3 million. Since then, the company’s net worth might have just surpassed that of pitch.
Zach & Zoe Sweet Bee Farm FAQs
What are Zach & Zoe Sweet Bee Farm?
Zach & Zoe Sweet Bee Farm is a family-run business that gets local honey from New Jersey beekeepers that offer the raw ingredients. The honey is then packaged and sold by the couple.
The firm name was inspired by two youngsters who were allergic to bees but got interested in them during their first trip to Israel together.
Who is the founder?
Zach Johnson and his wife Zoe are the company’s founders.
How much did they ask for on Shark Tank?
They were asking for $150,000 in exchange for a 10% stake in the firm.
How much did they receive?
Barbara Corcoran gave them $200,000 in exchange for a 15% ownership in the firm.
Are Zach and Zoe Sweet Bee Farm still in operation?
Yes, it is still in operation as of February 20, 2022.
Where is Zach & Zoe Sweet Bee Farm’s headquarters located?
The company’s headquarters are in Lebanon, New Jersey, and its manufacturing site is also in Lebanon, New Jersey.
What items do Zach & Zoe Sweet Bee Farm make?
The firm makes honey with flavor mixes such as blueberry and lemon, among others. The honey is available in a variety of sizes, with some being less expensive than others. Honey in six-ounce jars is one of the items.
What are your refund and exchange policies?
They regard their consumers as an extension of our family, thus they want them to be pleased with the goods. They apologize that they cannot take returns on food items.
If a customer’s product comes defective or damaged, they will send a replacement within 30 days of purchase. Please notify them by contacting [email protected] with their order number. They may request a photograph of the item as well as its original packaging.
When will I receive my order?
All products are normally shipped within 48-72 hours after the transaction date.
What am I supposed to do with my honey?
Honey should preferably be stored in a well-sealed container out of direct sunlight. Honey does not need to be refrigerated because it hardens at lower temperatures. Room temperature is the ideal temperature.
What is the shelf life of honey?
Because of its low moisture content, honey has an unusually long shelf life and does not degrade.
What caused my honey’s texture to change?
Honey is a concentrated mixture of two sugars: glucose and fructose. Because it’s super-saturated, some of the sugars eventually come out of solution and change the honey’s texture owing to a natural chemical process.
The higher the glucose content of the honey, the more it crystallizes. Crystallized honey shows that the honey has not been diluted or corrupted in any way.
Is honey suitable for everyone?
Because our honey is raw and unpasteurized, experts advise children to wait at least one year before adding honey to their diet.