VoChill Shark Tank Net Worth-What Happened After Shark Tank?
Vochill Shark Tank Updates
VoChill is a personal wine glass chiller that keeps wine chilled from the first sip to the last sip. The chill system comes in two variants, stemmed and stemless, and is priced at $49.95 and $44.95, respectively.
The VoChill base fits perfectly with stemmed or stemless wine glasses to keep the drink cool until it’s gone. The VoChill base is kept in the freezer when not in use. The product is sold in seven different colors, ranging from vibrant cyan to the more neutral sand color.
VoChill has generated more than $800,000 in gross revenue during its first two years of business, with a very limited selection of products. The company has completed its five years and is successfully shipping products to the United States, UK, Canada, and Amazon India.
The founders, Randall and Lisa Pawlik, have plans to incorporate this chill system product into retail and hospitality. The company’s headquarters is in Austin, Texas, and two to ten people are working in it. The company’s current worth is an estimated $6 million.
VoChill appeared on Shark Tank in season 14 and received an offer from Kevin “Mr. Wonderful” O’Leary, but the founders did not accept the investment. Going forward without a shark, Lisa and Randall will have to figure out how to lower their customer acquisition cost so that VoChill can turn a profit.
The product has reportedly been popular in wineries, with many of them purchasing stock to sell on-site to customers.
What Is VoChill? Who Founded VoChill?
VoChill is the world’s first personal wine glass chiller that allows you to keep your wine perfectly chilled without giving up your glass.
It was created by Randall and Lisa Pawlik, a husband-and-wife team of wine enthusiasts who wanted a better way to keep their wine chilled.
They were inspired to create VoChill while relaxing with a glass of wine on a patio at a wine bar in Austin, TX.
They found that their once-perfectly-chilled pours were quickly warming in the Texas heat and enjoyment was fading.
They wanted something that would keep the wine at the right temperature but would not interfere with the wine experience.
They envisioned a product that would accentuate the wine glass without altering the beauty of the wine itself.
VoChill’s mission is to promote relaxation, slowing down, enjoying the moment and simple luxuries. The company believes in taking time to pause, relax, and reconnect with yourself and others while drinking it all in with a glass of chilled wine.
VoChill has forever enhanced their enjoyment of wine, and they hope customers love it as much as they do.
The company promises more exciting innovations from VoChill where quality, form, and function will always remain paramount to their brand.
Summary Table: VoChill Shark Tank
|Personal wine glass chiller (stemmed and stemless)
|Stemmed – $49.95, Stemless – $44.95
|Seven different colors, ranging from vibrant cyan to neutral sand
|$800,000 during the first two years of business
|Number of employees
|Two to ten people
|Countries shipped to
|United States, UK, Canada, and Amazon India
|Estimated net worth
|Appeared in season 14, received an offer from Kevin “Mr. Wonderful” O’Leary, but declined
|Featured by Food Network and Oprah’s Favorite Things 2022 list
|Company mission statement
|Promote relaxation, slowing down, enjoying the moment and simple luxuries
|How it works
|Chills wine by actively pulling heat out of the glass, providing effective temperature control
What Happened To VoChill At Shark Tank?
VoChill, a patented wine chiller created by Lisa and Randall Pawlik, was pitched to the Sharks on Shark Tank episode 1410.
The couple sought $300,000 for a 5% stake in the company, but they left without a deal as Mark Cuban, Barbara Corcoran, and Lori Greiner decided to drop out. Kevin O’Leary offered a royalty deal which the founders refused.
Since its appearance on Shark Tank, VoChill has been featured in Food Network Magazine and Oprah’s Favorite Things 2022 list and has generated more than $800,000 in gross revenue during its first two years of business.
Despite this success, the customer acquisition cost is still high and the founders have yet to turn a profit.
Going forward without a shark investment, Lisa and Randall will have to figure out how to lower their customer acquisition cost in order to make VoChill profitable.
What Happened To VoChill After Shark Tank?
Despite failing to secure a deal on Shark Tank, VoChill is still in business and doing well. The exposure from the show resulted in a lot of positive feedback from wine drinkers across the nation.
VoChill has generated more than $800,000 in gross revenue during its first two years of business, with a very limited selection of products.
Its products are sold almost exclusively online. After their appearance on Shark Tank, Lisa and Randall Pawlik continued to pursue the company. Its products have since been featured by Food Network.
VoChill’s Chill Cradle can be stored in the freezer and used to keep wine glasses chilled while drinking wine.
Though the company saw successful sales on its website and Amazon prior to appearing on Shark Tank, the co-founders sought investment to further promote the products and propel the business. Despite having high sales, they did not receive an investment from any of the sharks.
Overall, it seems that VoChill is still operating successfully despite not receiving a deal on Shark Tank.
How Does Vochill Works?
VoChill is a product that chills wine by actively pulling heat out of the glass, providing effective and long-lasting temperature control. The product is designed to keep white, rose, and sparkling wines crisp and cool, and to bring room temperature reds to cellar temperature in minutes.
The VoChill Stemmed Wine Chiller and the VoChill Stemless Wine Chiller are designed to accentuate the wine glass without altering the beauty of the wine itself.
To use VoChill, consumers need to put the Chill Cradle into the freezer three hours prior to its usage. After that, they attach it to the stand and insert the wine glass. The product offers maximum control to the user and ensures that they can consume their wine at the ideal temperature.
When finished, the Chill Cradle should be separated from the stand, wiped down with a dry towel, and refrozen in the freezer. VoChill’s personal wine chillers are great for red wines, too, bringing a room temperature red down to cellar temp in minutes.
Tannins are softened, the presence of alcohol is reduced, and the experience is overall more pleasurable.
VoChill is not dishwasher safe and should be hand-washed only. The product contains multiple small strong magnets, so it should be kept away from electronic devices and credit cards.
Wine glasses with larger than standard bowls that are wider than 3.75″ or with extra long stems longer than 4.5″ may not be suitable with VoChill.
What Is The Current Valuation Of Vochill?
VoChill’s current valuation in 2023 is estimated to be $6 million. Since appearing on Shark Tank, VoChill has experienced tremendous growth and success, securing additional funding and partnerships. The company is selling its chilling system in the United States, United Kingdom, Canada, and Amazon India.
VoChill’s founders, Randall Pawlik and Lisa Pawlik, have a net worth of $6 million as of 2023. They have plans to incorporate their product into retail and hospitality, aiming to make their products available at every wine lover’s home.
VoChill Shark Tank Net Worth
VoChill has an estimated net worth of around $6 million at the time of the shark tank pitch. It is a company that appeared on Shark Tank in January 2023. The founders, Randall, and Lisa Pawlik, pitched their product, the VoChill Stemless Wine Chiller, to the sharks.
The VoChill Stemless Wine Chiller is a base that fits stemmed or stemless wine glasses to keep drinks cool for up to an hour and a half.
The sharks were asked for $300k for a 5% equity. However, they did not accept the investment offer from the sharks. Since appearing on Shark Tank, VoChill has experienced tremendous growth and success.
Despite not getting a deal with the sharks, VoChill was featured on Oprah’s Favorite Things list in 2022.
Is VoChill Still In Business?
Yes, VoChill is still in business as of January 2023 and has completed its five years of operation. The company is successfully shipping products to the United States, UK, Canada, and Amazon India.
VoChill’s chilling system product is available for purchase on their website and Amazon India. The company’s headquarter is located in Austin, Texas, United States.
According to Shark Tank Recap, VoChill generated more than $800,000 in gross revenue during its first two years of business with a very limited selection of products. However, the company was not profitable yet due to high customer acquisition costs.
VoChill’s products are sold almost exclusively online. The stemmed VoChill retails for $49.95 while the stemless option sells for $44.95. Both products are sold in seven different colors ranging from vibrant cyan to the more neutral sand color.
According to Winerist Magazine, VoChill has sold plenty of its products to wineries which allows potential customers to test out the product before committing to purchasing one for home use.
The products have reportedly been so popular in wineries that quite a few of them have purchased stock to sell on-site to customers.