Obvious Wines Shark Tank Update| Obvious Wines after Shark Tank
What is Obvious Wines?
Obvious Wines is a company that has ambition to provide wine that is high-quality, reasonably priced, simple, and snob-free.
Obvious Wines is a selection of family estate wines grown using environmentally friendly agricultural methods. Their different labels merely define each bottle’s flavor profile, attributes, and province.
Brice Baillie, a French native and former wine snob, is the creator and CEO of Obvious Wines. He earned a master’s degree in management and finance from EDHEC Business School and subsequently worked as the Head of Finance at L’Oréal before launching his firm in 2018.
Brice has always believed that you shouldn’t need a specific education to enjoy a glass of high-quality wine, but wine snobs may make the experience difficult and scary. He thought that choosing a glass of wine should be as simple, enjoyable, and informal as drinking it.
Who is the founder of Obvious Wines?
Brice Baillie, a French native and former wine snob, is the founder and CEO of Obvious Wines. He earned a master’s degree in management and finance from EDHEC Business School and subsequently worked as the Head of Finance at L’Oréal before launching his firm in 2018.
Obvious Wines removes the snobbishness from wine. Baillie sells wines from all over the world, each with a concise description on the label.
He exclusively buys from the best vineyards that utilize environmentally friendly farming methods. So far, there are four wines in the range, and their names reflect the brand’s approachable attitude.
No. 1 is Dark and Bold (red), No. 2 is Bright and Crisp (white), No. 3 is Light and Lovely (pinot noir), and No. 5 is French and Bubbly (sparkling). All save the No5 is $18 per bottle, with the No5 being $25.
Baillie first sold his wine in California. Initially, he utilized wines selected at home tasting events. The firm was named by the first buyers.
They knocked on doors to get the wine into shop shelves. The wines are available throughout Los Angeles and Orange counties, as well as on the company’s website (free shipping with an order of more than 6 bottles).
What Happened to Obvious Wines at Shark Tank pitch?
Baillie opted to propose his product to Shark Tank investors in episode 12 of season 10 of Obvious Wines to help him obtain distribution outside of California.
Baillie enters the pitch asking $150,000 for a 5% investment in his company with a $3 million value. He distributes samples as he explains himself.
As they taste the wine, the Sharks appear to like it. What they don’t like is that the business hasn’t been demonstrated; the wine is only sold in around 100 locations and doesn’t have the volume of sales to excite the Sharks (only $100,000 in sales).
Kevin respectfully excuses himself since he has a conflict of interest with his own winery. Lori, on the other hand, is intrigued. She is aware that women consume a lot of wine and need an easier approach to mix wine with meals.
She believes in Baillie’s concept and branding and is willing to pay $150,000 for 12.5% ownership of the company. Baillie counters with $170,000 for a 12.5% share in the company.
Lori, on the other hand, revised her offer to $160,000 for 12.5% ownership of the firm. Baillie accepted Lori’s offer after some haggling, and he left the pitch with a deal.
What Happened to Obvious Wines after Shark Tank?
Baillie secured a deal from the pitch after the program aired, but the deal with Lori never completed because he found another investment at a higher valuation between filming and broadcast.
Sales in 2020 were $1.3 million, up 34% from 2019. Obvious Wine has upgraded their website, increasing the amount of wines offered from 5 to 6.
As of December 2021, the firm is running a Crowdfunding campaign on StartEngine with a value of $11 million. The firm had over $1.8 million in revenue as of December 2021.
Competitors of Obvious Wines
The company’s main competitors are wineries, Four Lads Winery and Naked Wines.
Net Worth of Obvious Wines
During the pitch the company was valued at $3 million, since then the company found other investors and the company net worth is estimated at $11 million.
Obvious Wines FAQs
What is Obvious Wines?
Obvious Wines is a company that has an ambition to provide wine that is high-quality, reasonably priced, simple, and snob-free. Their different labels merely define each bottle’s flavor profile, attributes, and province.
Who is the founder?
The founder of Obvious Wines is Brice Baillie, a French native and former wine snob.
How much was asking on Shark Tank?
The founder of Obvious Wines was asking for $150,000 for 5% stake of his company at value of $3 million.
Did he get the deal?
Yes, he did from Lori Greiner.
How much was the deal?
The deal was for $160,000 for 12.5% ownership of the company but they never finalized the deal.
Does Obvious Wines offer affiliate program?
Yes, the company offers an affiliate program where members earn $10 per sale. However, affiliates are restricted to sales only under certain special offers when the parent company is explicitly indicated on the main site in any case.
What type of wine does Obvious Wines make?
Brice Baillie selects wines from all over the world that utilize environmentally friendly farming methods. So far there are four wines in the range, and their names reflect the brand’s approachable attitude.
What kind of packaging will the wines have?
For orders including 1-4 bottles, they will be packed in a box with pulp trays. Orders of 5 or more bottles will be put in a box with Styrofoam to minimize breaking during shipment.
How long does it take to ship?
Orders are processed within two business days after receipt. Shipping time estimates are based on the location inside the United States. Orders, on the other hand, normally take 3-7 business days to arrive.
Due to shipping constraints, delivery timeframes to New York and Tennessee are projected to be 7-14 days.
Who is authorized to accept the shipment?
For package reception, an adult signature (21+) is necessary. For age verification, the receiver or a resident of the recipient’s residence must produce a form of picture ID to the delivery staff.
Can I send to my home or work address?
Users may send to any home or business location because an adult signature is required. They cannot, however, mail packages to PO addresses without a recipient present for signing at delivery.
What should I do if the delivery is delayed?
Because an adult signature is necessary, the courier (UPS, FedEx, etc.) will attempt to deliver the package up to three times before returning it to them.
If an order is returned to them as undeliverable, contact the customer care team so that they can reimburse the amount of their purchase, less any return shipping and handling fees.
How much sugar is in the Obvious Wines bottles?
Obvious Wines bottles contain only a little of sugar, which is produced naturally during the fermentation of grapes. Because they are mostly dry, they each have less than 1-2 grams of residual sugar per liter.
What is the best method for storing leftover wine?
Once the bottle has been opened, replace the cork or capsule. Users can keep the wine in the fridge for a few days (2 days after opening Red Wine, 3 days after opening White Wine/Rosé).
How long can I keep these wines in my cellar?
They recommend drinking these wines within 12 months, although they may be kept longer if stored carefully in a dark place and at temperatures ranging from 55 to 70 degrees Fahrenheit.
Can I modify my membership once I’ve paid for it?
Yes, customers have the option to change their membership at any time. Simply contact office and they will assist guest in altering their membership: [email protected]
Is it possible to cancel my subscription at any time?
Yes, customers have the option to discontinue their subscription at any time. Simply contact office at [email protected] and they will help guest in terminating their subscription.
When will I get paid and sent for my membership?
Users will be paid when users join up, and then every (other) month (depending on the frequency users select: every 1, 2, or 3 months), on the same day you signed up – i.e., May 4, June 4, and so on.
When the wine is charged, customers will receive an email confirming the transaction, followed by another confirming shipment. When the wine is on its way to each other, a third email with tracking information will be sent!
Is there a time obligation associated with the memberships?
No, there is no time commitment required for membership. Users have the option to cancel at any moment!
Is it possible to miss a shipment?
Yes! Rather than canceling the membership, customers may put their shipment on hold. Please contact them directly and they will help them to pause their subscription. [email protected]
What is the net worth of Brice Baillie?
Brice Bailey net worth is $1.7 Million