Obvious Wines Shark Tank Update| Obvious Wines after Shark Tank
What is Obvious Wines? Who is the founder of Obvious Wines?
Obvious Wines is a company founded by Brice Baillie, a French native and former wine snob, in 2018. The company aims to provide high-quality, reasonably priced, and simple wine that is accessible to all.
The wines are sourced from family estate vineyards that use environmentally friendly farming methods and are labeled with a concise description of their flavor profile and attributes.
The company currently offers four wines: Dark and Bold, Bright and Crisp, Light and Lovely, and French and Bubbly, with prices ranging from $18 to $25 per bottle.
Obvious Wines is currently available in Los Angeles and Orange counties and can be purchased online with free shipping for orders of more than 6 bottles.
What Happened to Obvious Wines at Shark Tank pitch?
In episode 12 of season 10 of Shark Tank, Obvious Wines founder Brice Baillie pitched his company to investors in hopes of obtaining distribution outside of California.
He asked for $150,000 in exchange for a 5% stake in the company, which he valued at $3 million. The Sharks liked the wine, but were concerned about the lack of sales and limited distribution, with only $100,000 in sales.
Kevin O’Leary opted out of the deal due to a conflict of interest with his own winery. Lori Greiner, however, was interested in the concept and branding and offered $150,000 for 12.5% ownership of the company.
Baillie countered with $170,000 for 12.5% stake and Lori revised her offer to $160,000 for 12.5% ownership. Baillie accepted Lori’s offer and left the pitch with a deal.
What Happened to Obvious Wines after Shark Tank?
After appearing on Shark Tank, Obvious Wines founder Brice Baillie secured a deal with Lori Greiner, but it did not ultimately come to fruition as he found another investment at a higher valuation between filming and the episode airing.
Despite this, Obvious Wines saw significant growth in 2020, with sales reaching $1.3 million, an increase of 34% from the previous year.
As of December 2021, the company has upgraded its website and now offers 6 wines, and is also running a crowdfunding campaign on StartEngine with a valuation of $11 million, and has generated over $1.8 million in revenue.
Competitors of Obvious Wines
The company’s main competitors are wineries, Four Lads Winery and Naked Wines.
Net Worth of Obvious Wines
Obvious Wines had a valuation of $3 million during its Shark Tank pitch. However, since then the company has secured additional investments and its estimated net worth is now $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