Blendtique Wine Company Shark Tank Net Worth 2023
Blendtique Wine Company Shark Tank Net Worth
As of February 22, 2023, it is unclear what the net worth of Blendtique Wine Company is.
According to Geeks Around Globe, Blendtique Wine Company’s founder Billy Dim had a net worth of 8 million USD as of 2022. The company was featured on Shark Tank USA in March 2017.
According to Shark Tank Blog, Blendtique Wine Company has an estimated annual revenue of $4 million as of October 2022. Billy Dim pitched the company on Shark Tank, seeking $250,000 for 10% equity.
Lori Greiner was the only Shark willing to take a bite, but the deal did not end up going through.
However, Blendtique Wine Company has since partnered with Celebrity Cruise Lines and conducts wine blending on board while making $4 million every year.
What is Blendtique Wine Company? Who is the Founder of Blendtique Wine Company?
Blendtique Wines is an online platform that empowers wine lovers to create their unique wine blends from the comfort of their own homes.
Through the site, customers can choose their preferred blends, mix them, develop a recipe, create a personalized label, and have the final product delivered to their doorstep.
This service is especially convenient for large events, such as weddings or parties, or for restaurants seeking a house wine.
Although other pre-made blends are available in the market, Blendtique Wines offers a one-of-a-kind experience that enables wine enthusiasts to participate in the winemaking process.
Billy Dim, a trained sommelier and University of Texas at Austin graduate developed Blendtique Wines in partnership with First Choice Beverage, a company that supports individuals in starting their alcoholic beverage businesses.
With over eleven years of experience in the wine industry in Santa Ynez Valley, Dim wanted to democratize the wine experience and allow anyone to create their own wine blends.
Before founding Blendtique Wines in 2013, Dim worked as a sales director and manager at several wineries, including Los Olivos Wine Merchant & Cafe, and later founded The Wine Apothecary, a wine distributor serving the restaurant, hotel, and corporate gift industries.
As the current CEO of Blendtique Wines, Dim aims to make the winemaking process more participatory by enabling wine enthusiasts to taste, mix, design labels, and package their unique blends.
Dim is dedicated to helping wine enthusiasts discover their creative potential and experience the art of winemaking.
He has already demonstrated his leadership skills and ability to drive marketing, sales, and customer service success in the wine and hospitality industries.
Blendtique Wine Company Shark Tank Pitch
Billy went on Shark Tank season 8 episode 19 to request $250,000 in exchange for a 10% stake in his company, which is valued his company at $2.5 million.
During his presentation, he explained the details of his company and invited Barbara and Kevin to participate in a wine-mixing competition. Barbara emerged as the winner of the blind-tasting test conducted by the Sharks.
Billy disclosed that his company had generated $200,000 in sales over the past two years by selling blending kits for $99 each, which cost him $35 per kit.
However, Mark walked out after Billy mentioned conducting blending seminars for business events, and Robert left because he believed Billy was not paying attention.
Kevin O’Leary expressed doubts about the potential success of the business, stating that 97% of wine sells for less than $13 per bottle, and he did not believe Billy could sell his wine for more than $14 per bottle.
Barbara Corcoran was curious about the cost of a case of wine after development, which turned out to be $300 for 12 bottles.
She was also interested in the conversion rate of people who order wine at house gatherings, which was only 15%, making it inadequate for her to invest.
Lori appreciated Billy’s products but requested that he reduce the price to $9 per kit. Billy agreed to the proposal, and Lori countered with an offer of $250,000 for 30% ownership.
However, Billy admitted that he had a partner, leading Lori to suggest a 25% stake. Billy then revealed that he only owned 49% of the company, so Lori proposed a $250,000 loan at 8% interest for a 10% stake, which Billy accepted.
Ultimately, the deal with Lori fell through, but Blendtique managed to secure an agreement with Celebrity Cruise Lines to host wine-mixing events on their ships. As of May 2021, the company is still in operation and expects to generate annual revenues of $4 million.
Blendtique Wine Company Net worth
On Shark Tank Season 8 Episode 19, Billy Dim entered the Tank seeking $250,000 for a 10% share, bringing the valuation to $2.5 million, but instead took Lori Greiner’s offer of a $250,000 loan at 8% interest for a 10% stake, resulting in the same valuation.
Blendtique Wine Company Competitors
Blendtique Wine Company has competitors in its market space which include;
Global Wines, Scott Harvey Wines, Savvy Cellar Wines, The Mara Wine Group, and Windsor Vineyards
Blendtique Wine Company Shark Tank Update
Blendtique Wine Company is a business that provides custom wine blending kits, founded by Billy Dim. The company appeared on Season 8 of Shark Tank in 2017, where Dim pitched his business and requested a $250,000 investment in exchange for 10% equity.
Lori Greiner agreed to a deal with Dim for a $250,000 loan at 8% interest and 10% equity, while Kevin O’Leary and Barbara Corcoran also tried the blending kit, with Corcoran’s blend being selected by the sharks.
Blendtique Wine Company has continued to sell its custom blending kits since appearing on Shark Tank.
The company offers a variety of kit sizes, including the Blendtique Wooden Kit, which includes four bottles of red wine, an Erlenmeyer flask, a 10mL measuring pipette, and an easy-to-use instruction guide. The kit comes packaged in an authentic wooden wine crate and costs $159.95.
Blendtique Wine Company has established itself in the custom winemaking niche, with over $200,000 in sales in less than two years before appearing on Shark Tank.
Blendtique Wine Company Shark Tank Table Summary:
| ASPECT | INFORMATION |
| Company Name | Blendtique Wine Company |
| Founder | Blendtique Wine Company was founded by Billy Dim, a trained sommelier and University of Texas at Austin graduate, in 2013 in partnership with First Choice Beverage. Dim worked as a sales director and manager at several wineries before founding Blendtique Wines. |
| Year Founded | 2013 |
| Lori Greiner’s Offer | $250,000 loan at 8% interest for a 10% stake. |
| Shark Tank Investment | Lori Greiner’s offer was accepted, but the deal fell through. |
| Revenue | Estimated annual revenue of $4 million as of October 2022. |
| Partnership | Partnered with Celebrity Cruise Lines to host wine-mixing events on their ships. |
| Competitors | Global Wines, Scott Harvey Wines, Savvy Cellar Wines, The Mara Wine Group, and Windsor Vineyards |
| Founder’s Net Worth | Billy Dim had a net worth of $8 million USD as of 2022. |
| Net worth | As of February 22, 2023, it is unclear what the net worth of Blendtique Wine Company is. The founder of the company, Billy Dim, had a net worth of 8 million USD as of 2022. |
| Shark Tank Pitch | On Shark Tank Season 8 Episode 19, Billy Dim pitched Blendtique Wine Company seeking $250,000 for a 10% share, valuing the company at $2.5 million. Lori Greiner offered a $250,000 loan at 8% interest for a 10% stake, resulting in the same valuation. The deal fell through, but Blendtique managed to secure an agreement with Celebrity Cruise Lines to host wine-mixing events on their ships. |
| Competitors | Blendtique Wine Company’s competitors include Global Wines, Scott Harvey Wines, Savvy Cellar Wines, The Mara Wine Group, and Windsor Vineyards. |
| Shark Tank Update | As of May 2021, Blendtique Wine Company is still in operation and expects to generate annual revenues of $4 million. The company partnered with Celebrity Cruise Lines to host wine-mixing events on their ships. |
What Was The Outcome Of Blendtique Wine Company’s Pitch On Shark Tank?
This text is about Blendtique Wine Company, which is a custom wine blending Kit Company founded by Billy Dim.
During their appearance on Shark Tank Season 8, Dim asked for a $250,000 investment in exchange for 10% equity and ultimately made a deal with Lori Greiner for a $250,000 loan at 8% interest and 10% equity.
The company has continued to sell its wine blending kits, including the Blendtique Wooden Kit that was featured on the show.
Blendtique Wine Company has been successful in the bespoke winemaking niche, having made over $200,000 in sales in less than two years even before their Shark Tank appearance.
What Products Does Blendtique Wine Company Sell At Shark Tank?
Blendtique Wine Company offers blending kits that allow customers to create their own unique blend of wine. These kits contain various single-varietal wines, a mixing flask, a measuring pipette, and an instruction guide.
Customers can choose their preferred single-varietal wines and order a customized blending kit.
The Blendtique Wooden Kit, which was showcased on Shark Tank, includes four bottles of red wine (merlot, cabernet sauvignon, syrah, and grenache), the flask, and pipette, all packed in a wooden wine-case box. The company also sells other products at prices ranging from $19.95 to $500.
During Blendtique Wine Company’s appearance on Shark Tank in Season 8, Billy Dim pitched his company and asked for $250,000 for 10% equity. However, he eventually accepted a $250,000 loan at 8% interest, plus 10% equity from Lori Greiner.
The sharks tested out the blending kit, with Barbara Corcoran and Kevin O’Leary competing to create the best blend. After some blending and blind taste testing, the sharks selected Barbara’s blend.
Billy revealed that the company had already achieved over $200,000 in sales in less than two years before their appearance on Shark Tank.
What Is The Current Net Worth Of Blendtique Wine Company’s Founder?
As of February 22, 2023, it is unclear what Blendtique Wine Company’s net worth is, but the company has an estimated annual revenue of $4 million as of October 2022.
Blendtique Wine Company was featured on Shark Tank USA in March 2017, where founder Billy Dim pitched the company seeking $250,000 for 10% equity, but the deal did not end up going through.
Despite this, the company has since partnered with Celebrity Cruise Lines and conducts wine blending on board while making $4 million every year.
Customers can blend their own custom wines from various base varietals using the flask and measuring pipette included in the kit, following the instruction manual until they find the blend they like.
Blendtique Wine Company also hosts private events. As of 2022, founder Billy Dim has a net worth of 8 million USD.
How Much Was Blendtique Wine Company Seeking In The Shark Tank?
When Billy Dim, founder of Blendtique Wine Company, appeared on Shark Tank Season 8, he was seeking a $250,000 investment in exchange for 10% equity. He made a deal with Lori Greiner for a $250,000 loan at 8% interest and 10% equity, but the deal did not end up going through.
Despite not securing a deal with Greiner, Blendtique Wine Company has since partnered with Celebrity Cruise Lines and conducts wine blending on board while making $4 million every year.
The company sells blending kits for $109.95, as well as other products ranging from $19.95 to $500. Shark Tank Blog reports that Blendtique Wine Company has done $200,000 in sales over two years.
Did Blendtique Wine Company Get A Deal From The Sharks?
Yes, Blendtique Wine Company did get a deal from the Sharks on Shark Tank Season 8. Billy Dim, the founder of Blendtique Wine Company, entered the show seeking a $250,000 investment in exchange for 10% equity.
He made a deal with Lori Greiner for a $250,000 loan at 8% interest and 10% equity. However, the deal with Lori never materialized.
Despite not closing the deal with Lori, Blendtique Wine Company signed a deal with Celebrity Cruise Lines to host mixing events on cruise ships. As of May 2021, the business is still in existence, with estimated annual sales of $4 million.
How Much Has Blendtique Wine Company Already Made In Sales?
Blendtique Wine Company generates approximately $4 million in annual revenue as of October 2022. The company’s founder, Billy Dim, pitched the company on Shark Tank and asked for a $250,000 investment in exchange for 10% equity.
Although only Lori Greiner was interested, the deal did not go through. Despite this, Blendtique Wine Company has partnered with Celebrity Cruise Lines to offer a wine blending on board, generating $4 million in annual revenue.
Prior to its appearance on Shark Tank, the company had already made over $200,000 in sales in less than two years.
Blendtique Wine Company offers customers the opportunity to create their own wine blends from home, select blends, develop recipes, and create personalized labels.
The company’s blending kits provide interactive wine blending sessions with friends, family, or a partner. The company’s social media accounts have reported that its website crashed after the Shark Tank appearance.
Is Blendtique Wine Company Still In Business?
Blendtique Wine Company is still operating as of October 2022, with estimated annual revenues of $4 million.
Despite not closing a deal with Lori Greiner on Shark Tank, the company has partnered with Celebrity Cruise Lines to provide onboard wine-blending experiences. Blendtique Wine Company offers a platform for customers to create personalized wine blends that can be delivered to their doorstep.
The process involves selecting preferred wines, creating the blend, uploading a recipe, and designing a custom label.
The company’s services are ideal for weddings, events, or restaurants seeking a hassle-free gift option. While not a traditional winery, Blendtique Wine Company provides a unique and customizable wine experience.
What is Blendtique Wine Company?
Blendtique Wines is a platform that allows wine enthusiasts to create their own wine blends from the comfort of their own homes.
Wine fans may select their blends from the site, mix them, publish a recipe, create a unique label, and have the finished product mailed to them.
It’s ideal for weddings, large parties, or restaurants looking for a quick method to obtain a house wine.
Who is the founder of Blendtique Wine Company?
Billy Dim developed Blendtique Wines with the assistance of First Choice Beverage, a company that supports individuals in establishing alcoholic beverage businesses.
What episode was Blendtique Wine Company featured on Shark Tank?
Blendtique Wine Company was featured on Shark Tank season 8 episode 19.
Where is Blendtique Wine Company based?
Blendtique Wine Company is based in Los Olivos, California.
Do they ship?
Blendtique Wines ships throughout the country.
What is the business model for Blendtique Wine Company’?
Blendtique Wine Company is a subscription service. It ships a kit to the customer and requires them to follow the instructions on how to create the custom blend they have ordered.
Once they complete mixing and labeling, they mail it back, and Blendtique will ship it separately along with full instructions for each bottle’s recipe.
How long have they been in business?
They started the business in 2013.
What is the net worth of Billy Dim?
Billy Dim’s net worth is unavailable.
Who is the target audience for Blendtique?
Their target demographic spans in age from the early twenties to the late seventies. Although their wine kits appeal to all genders, ladies are the primary purchasers of experiential retail and gifting items.
When was Blendtique Wine Company aired on Shark Tank?
Blendtique Wine Company was aired on March, 3rd 2017.
