Shark Tank Pie Wine, a carbonated wine infused with the flavors of pizza, was introduced to the American edition of the television show Shark Tank in 2023 during its fifteenth season. The product was created by Kevin Klein and Josh Green.
The founders were in search of $200,000 in exchange for a 7.5% ownership stake in their business. Regrettably, they were unable to reach an agreement with the Sharks.
This article will examine Pie Wine’s net worth in 2024, provide a synopsis of its Shark Tank proposal, and discuss further details.
Pie Wine Net Worth in 2024
Josh Green and Kevin Klein requested a $200,000 investment in return for a 7.5% ownership stake in their company. This indicates that they appraised their company’s worth at $2.67 million.
They failed to negotiate a contract on the show. Pie Wine experienced a significant surge in website traffic, sales, and social media visibility following the broadcast of the show.
Shark tank Insights says that Pie Wine’s present net worth stands at approximately $3.56 million, with a projected annual growth rate of 10%, which is in line with typical business growth.
Founding Pie Wine
Pie Wine, a brand of tinned wine, was introduced to the market in 2022. The brand initially launched three flavors: Sweet Za (a sweet white wine), World Famous Red (a red wine), and Classic Crisp (a white wine). Each was specifically designed to enhance the flavor of various pizza varieties.
One may argue that they pioneered a novel classification for food and beverages. Pie Wine positioned itself as the preferred choice for consumers looking for a convenient beverage to enhance their pizza party experiences.
Being recognized as “The OG Pizza Wine,” the company successfully attracted media attention and received coverage from reputable sources such as The Washington Post and the Las Vegas Review-Journal.
The attention received from Shark Tank far surpasses this. Kevin’s occupation in radio was evident from observing his demeanor on the pitch. After Shark TankSimilar to several emerging companies, Pie Wine is already reaping the advantages of the Shark Tank phenomenon.
Approximately 3.5 million individuals watched the broadcast, resulting in valuable free publicity worth millions of dollars. Recently, the company exclusively accepted pre-orders. Nevertheless, the founders were adequately prepared for the sudden increase in visibility and had ample supplies to handle the surge in demand.
Currently, the only option to purchase Pie Wine is through their website, PieWine.com. They have just formed a partnership with C.A. Fortune and have set a goal to expand their presence to 40 states. Their distinctive design will be easily noticeable on the shelf!
In addition, they have formed a partnership with NewLine Beverage, a wholesale distributor of beverages that assists brands in expanding their reach.4-packs of 12-ounce cans can be bought for $20, while 12-packs may be purchased for $60.
Due to their recent establishment, there is a lack of customer reviews available on their website. Kevin Klein and Josh Green embarked on this project with limited entrepreneurial expertise, although their distinctive concept has propelled them significantly.
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What was the outcome for Pie Wine after appearing on Shark Tank?
Pie Wine remains operational as of March 2024. On September 29, 2023, this episode of Shark Tank resulted in all wines being sold out in just four days.
The program attracted about 3.5 million viewers. The product was replenished on October 3, 2023; nevertheless, there is scarce data regarding the overall sales or retail availability.
Pie Wine’s website presently provides the option to purchase their beverages, although there may be shipping delays due to the high volume of pre-sale orders. The options available are Red, Sweet Za, and Crisp White. These options come in packs of 4, which cost $20, or packs of 12, which cost $60.
Where can I purchase Pie Wine?
Purchasing PIE Wine is possible in multiple supermarkets, however, we strongly advise acquiring it directly from their official website. This guarantees a hassle-free and straightforward purchase, enabling you to peruse their assortment of Red, Sweet Za, and Crisp White choices offered in 4-packs priced at $20 and 12-packs priced at $60.
Conclusion
Shark Tank is a television program that features a variety of company concepts and provides assistance in their achievement of success. Pie Wine was showcased as one of the highlighted enterprises on the episode.
Although the company did not secure the deal, it demonstrated that success can be achieved through proper ideation and implementation. Now, we anticipate with great enthusiasm to witness the future development of their success story.
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