She said the focus has been on the East Coast, where she has sold more than 1,500 cases in the first year. She also said the company expanded by more than 350 percent in year one.
Market Research firm Ibis World reported that ready-to-drink mixed spirits brought in upwards of $814 million in revenue in 2014, with an annual growth of 2.1 percent. According to the report, Mike's Hard Lemonade Co. made up 17.9 percent of the market share.
But unlike Mike's Hard Lemonade, and other popular lemon-flavored beverages like Leinenkugel's Summer Shandy, and Twisted Tea, FIL does not fall into the malt beverage category.
Self-funded with $120,000, FIL officially launched its cans in 2014. Shillo told CNBC Fishers Island Lemonade is profitable to date, but she would not disclose any revenue specifics.
According to Shillo, FIL plans to expand to more major cities in the near future, and it's on track to sell more than 8,000 cases this summer. That's a number Shillo can toast to.
BY CNBC'S Joanna Weinstein
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