Henry’s Humdingers Shark Tank Net Worth

Henry’s Humdingers is a product that graced the stage of Shark Tank’s Season 5, showcasing the versatility of natural, high-quality honey with a twist.

This gourmet honey product, founded by Henry Miller, is different from the traditional honey on the market in that it infuses honey with various exotic spices to create a versatile and exciting food addition.

The product line is designed around blending raw honey with spices such as chipotle, cinnamon, ginger, and more. The combination enhances honey’s sweetness and complexity, making it the perfect additive for various foods.

Whether you want to add a kick to your morning toast, enhance the flavor of a cup of tea, or provide a sweet and spicy glaze for grilled meat, Henry’s Humdingers can meet all these needs.

Henry’s Humdingers are known for their high-quality ingredients. The honey is pure, raw, and unprocessed, retaining all its nutritional benefits, while the spices are carefully chosen for their flavor and aroma, ensuring that each product variant has a unique, distinct profile.

Henry’s Humdingers is a good choice for consumers because it’s a versatile product that can enhance the flavor of many dishes, making it a great value for its price.

The fact that it is made from high-quality, natural ingredients also makes it a healthier alternative to many artificial flavoring products on the market.

Furthermore, the nature of the product makes it an exciting addition to any kitchen, appealing to both adventurous foodies and those who simply appreciate a unique, delicious flavor experience.

What is Henry’s Humdingers?

Henry’s Humdingers is a brand of gourmet honey created by Henry Miller. It features unique flavors such as Spicy Honey, Grumpy Grandpa, and Naughty Nana.

Henry’s Humdingers honey products are made with high-quality ingredients and are free from artificial additives or preservatives.

Henry’s Humdingers is a line of artisanal honey products crafted by Henry Miller, a beekeeper from North Carolina.

What sets Henry’s Humdingers apart is their flavorful honey blends. Each variety of honey is infused with natural ingredients to create unique and bold flavors.

They are designed to add a unique twist to various dishes, from savory to sweet. Whether you’re a fan of bold flavors or looking to experiment in the kitchen, Henry’s Humdingers offers a range of options to satisfy your taste buds.

Some of the popular flavors offered by Henry’s Humdingers include:

• Grumpy Grandpa: This blend combines honey with garlic and red pepper, resulting in a savory and mildly spicy flavor. It is perfect for adding a kick to marinades, sauces, and roasted vegetables.
• Naughty Nana: Naughty Nana features honey infused with ginger and pepper, offering a delightful combination of sweetness and heat. It can enhance the flavor of stir-fries, glazes, and cocktails.
• Diabolical Dad: This honey blend is infused with horseradish and habanero, creating a fiery and tangy taste. It adds a bold flavor to barbecue sauces, dressings, and dips.
• Phoebe’s Fireball: Phoebe’s Fireball is a blend of honey, cinnamon, and habanero, delivering a sweet and spicy flavor profile. It pairs well with desserts, hot beverages, and even grilled fruits.

Who is the Founder of Henry’s Humdingers?

Henry’s Humdingers was founded by Henry Miller, a dynamic entrepreneur who launched his venture at an impressively young age.

Henry was a teenager when he started his business, but he was also driven by a desire to raise awareness about an issue close to his heart – the decline of honeybee colonies.

Henry’s Humdingers took root when Henry received a package from his beekeeping godfather containing propolis, a resinous mixture produced by bees.

He received an article about Colony Collapse Disorder with this package from his godfather. The plight of these creatures deeply impacted Henry, and he felt the urge to do something to raise awareness and help.

Deciding to combine his newly found passion for bees with his love for food, Henry started experimenting with honey and various spices. His creative exploration led to the creation of his now-famous gourmet spiced honey.

The name “Humdingers” is a play on words: a “humdinger” is extraordinary, perfectly representing Henry’s unique honey blends.

Before appearing on Shark Tank, Henry’s Humdingers had already started to make its mark. Henry was selling his products at local farmers’ markets, online, and in a few stores.

The business was doing reasonably well, but the nationwide exposure of Shark Tank offered the chance to take the brand to the next level.

Not only did the platform allow Henry to showcase his product to a wider audience, but it also allowed him to convey a critical message about the honeybee colony collapse.

How Was the Shark Tank Pitch of Henry’s Humdingers?

Henry Miller took to the stage of Shark Tank in Season 5, bringing his unique gourmet spiced honey product and his passion for honeybees and the environment to the forefront.

Henry was seeking a $150,000 investment in return for a 25% equity stake in Henry’s Humdingers, valuing the company at $600,000.

During the presentation, Henry did an excellent job conveying his passion for his product and its mission, explaining the uniqueness of his gourmet spiced honey and the cause behind it, i.e., bringing awareness to the issue of Colony Collapse Disorder.

He even brought a beehive to illustrate the connection between his product and environmental mission visually. The young entrepreneur’s drive and commitment to a cause impressed the Sharks. However, some concerns were raised.

Some Sharks pointed out the challenges of the grocery market and the competition from other honey products. A few also questioned the company’s valuation based on the sales figures provided by Henry.

Despite these reservations, two Sharks, Robert Herjavec and Mark Cuban, saw potential in Henry’s product and mission. They saw value in the brand and Henry’s unique selling proposition.

They proposed a joint deal of $300,000 in exchange for 75% of the company, with a commitment to grow the business and maintain its social responsibility mandate.

After some deliberation, Henry accepted the deal, recognizing the value of the Sharks’ investment and their mentorship in scaling his venture. This marked a significant step in Henry’s Humdingers’s growth, demonstrating the product’s potential and its purpose.

Final Deal: Mark Cuban and Robert Herjavec agreed to invest $300,000 for a 75% stake in Henry’s Humdingers.

Did Henry’s Humdingers Get a Deal on Shark Tank?

Henry’s Humdingers did get a deal on Shark Tank. Henry Miller, the 16-year-old farm boy, appeared on Season 5 of Shark Tank to pitch his business of spicy honey. He asked for $150,000 in exchange for 25% equity in his company. Mark Cuban and Robert Herjavec made an offer of $300,000 in exchange for 60% equity.

Initially, Kevin O’Leary and Lori Greiner did not want to invest. Barbara Corcoran loved Henry but felt that the show was not the best fit for his business. However, Mark Cuban and Robert Herjavec saw potential in Henry’s Humdingers and made a joint offer. 

They proposed a $300,000 investment with 60% equity. Mark explained that the high equity was necessary due to the amount of work involved in getting the business to succeed.

Robert then proposed a higher equity stake of 75% instead of the 60% suggested by Mark. This would allow Henry to repay his parents and secure their retirement funds. 

After some hesitation, Henry agreed to the deal. However, tragically, the deal with Robert and Mark was never finalized.

In January 2019, Henry had to shut down his business due to low sales, which ultimately led to the loss of his family’s farm. 

In April 2019, their home burned down, causing injuries to Henry’s mom and the loss of several pets. As a result, Henry realized that family was the most important thing.

Unfortunately, this marks the end of the update on Henry’s Humdingers.

What Happened To Henry’s Humdingers After Shark Tank?

After their appearance on Shark Tank, Henry’s Humdingers experienced a whirlwind of events. Although the initial deal with Mark Cuban and Robert Herjavec was agreed upon on the show, it was not carried through after the episode aired.

The family decided to maintain control over their business and not pursue the investment deal, keeping Henry’s Humdingers a family venture.

The exposure on Shark Tank initially led to a significant boom in business, with sales surging by about 300%. While this success was exhilarating, it also presented several challenges as the small family-run business grappled to meet the overwhelming demand.

In a twist of events, Henry’s Humdingers ceased operations in January 2019, as confirmed by a post on the company’s Facebook page.

The primary factor contributing to this decision was the founder, Henry’s commitment to his college education at Washington State University, which left him with insufficient time to manage the burgeoning business.

Despite the closure of the business, Henry cherishes the experience he gained from his journey, especially the awareness he was able to raise about the alarming global decline of bees.

Even after the business ended, the relationship with Mark Cuban endured. Cuban continued to stay in contact with Henry, extending a standing offer of assistance for any future business endeavors Henry may embark upon.

Henry’s Humdingers Shark Tank Update

After appearing on Shark Tank, Henry’s Humdingers, the honey company owned by Henry Miller, received a deal from Shark Robert Herjavec. Herjavec offered $300,000 for a 75% investment.

However, Miller rejected the offer and kept the business within his family. Despite rejecting the offer, Henry’s Humdingers experienced a significant increase in growth after the episode aired. In 2015, the company was featured in a QVC segment, further boosting its exposure.

Unfortunately, in 2019, Miller announced on Facebook that he had shut down the company. The closure was attributed to a fire that caused his family to lose their farmhouse and his mother’s recovery from cancer.

Despite the closure, Miller expressed gratitude for the support and the opportunity to raise awareness for bees.

Is Henry’s Humdingers Still In Business?

Our research shows that Henry’s Humdingers is no longer in business. The company shut down in January 2019 due to low sales. Additionally, the loss of Henry’s family’s farm and a tragic incident where their home burned down in April 2019 led to the closure of the business.

What is the Net Worth of Henry’s Humdingers?

According to our research, the net worth of Henry’s Humdingers is $0 since the company went out of business in 2019. The valuation of Henry’s Humdingers was $400,000 after securing an investment from Mark Cuban and Robert Herjavec on Shark Tank.

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