Bee Free Honee, a Plant-based honey substitute that saves bees, was started by Melissa Elms and Katie Sanchez in 1999. Bee Free Honee’s net worth was $1 Million in 2016 based on the Shark Tank deal.
On February 12, 2016, they appeared on Season 7 of Shark Tank USA and made a deal with Melissa Elms and Katie Sanchez, $210k for 30% equity.
Bee Free Honee went out of business in 2019. Their products are no longer available in the market.
Bee Free Honee Net Worth
| Net worth | $1 Million (Business Valuation) |
| Lifetime sales | – |
| Investors | Barbara Corcoran, Mark Cuban, Chris Sacca |
| Founders | Melissa Elms and Katie Sanchez |
Bee Free Honee Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation in 2016 after appearing on Shark Tank | $700,000 |
| Net worth valuation in 2016 before appearing on Shark Tank | $1 Million |
Bee Free Honee Pitch on Shark Tank
| Company name | Bee Free Honee |
| Product | Plant-based honey substitute that saves bees |
| Episode | Season 07 Episode 17 |
| Founders | Melissa Elms and Katie Sanchez |
| Asked for | $100,000 for 10% equity |
| Final deal | $210k for 30% equity |
| Sharks | Barbara Corcoran, Mark Cuban, Chris Sacca |
| Location | Gerber Road, Sacramento, CA |
Don’t miss these products from Season 7
Bee Free Honee Founders
Bee Free Honee was founded by Melissa Elms and Katie Sanchez in 1999. They are very smart entrepreneurs. They worked hard to grow this company. Bee Free Honee’s founders, Melissa Elms and Katie Sanchez net worth is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2019 | Bee Free Honee were sold in over 1,000 stores nationwide |
| 2016 | Bee Free Honee appeared on Shark Tank |
Conclusion
Some companies that appear on the show have not achieved great success, and the Bee Free Honee was one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Bee Free Honee went out of business in 2019. And the product is no longer available in the market.