What Happened To FlyWithWine After Shark Tank?

FlyWithWine After Shark Tank Update: FlyWithWine is a Securely Transport Luggage and Bag Business of Wine, Beer, and Spirits. In 2017, they started focusing on the winery wholesale business. In 2022, they launched VinXplorer Wine and Beverage Backpacks. After working in the wine industry for years, they noticed a problem with personal wine transport safety.

How travelers can easily transport their favorite wines to their favorite destination and back. To solve this safety issue, they launched FlywithWine Personal Wine & Spirits Carrier in 2023.

What Is FlyWithWine?

FlyWithWine is a Luggage-designed safety carrier for wine, beer, and spirits to help safely transport. This company sells many wine-related accessories like suitcases, backpacks, glasses, wine storage, and many more.

This product is available on the Amazon store and is being sold at many wine shops in the United States. The cost of luggage ranging from 5 bottles to 12 bottles ranges from $289.95-$379.95.

Who Is The Founder Of FlyWithWine?

Ron Scharman and Ryan Neergard are the co-founders of FlyWithWine Company. They started this business in 2016 but Ron Scharman has been in the wine business for 20 years and he knows about many things.

Before this business, Scharman worked in many companies. He was the Chief Executive Officer at the digital marketing agency Astra Digital. Ryan Neergaard was also working as Director of Business Development and Social Media at Astra Digital.

FlyWithWine Shark Tank Update

Company Name	FlyWithWine
Founder	Ron Scharman and Ryan Neergard
Founded	2016
Product	Safety Wine Transport Luggage
Asked For	$500,000 for 8% equity
Final Deal	No Deals
Shark	No Sharks
Episode (Shark Tank USA)	S15 E9
Air Date	Dec 15, 2023
Business Status	In Business
FlyWithWine Net Worth	$5M *estimated
Headquarters	Napa, California, USA
FlyWithWine Instagram	View Profile
GO TO AMAZON	Buy Now

Also Read This: What Happened To GolfKicks Now After Shark Tank?

FlyWithWine on Shark Tank Pitch

Ryan and Ron, both business partners, after entering the Sharks, asked for $500,000 from the Sharks for 8% equity at a $6.25 million valuation. They gave a very good presentation about their transport of wine luggage.

They have made total sales of $19 million so far and 50,000 people have purchased the suitcase so far. By 2022 they had sales of $5.6 million and negative -$47 million. So far in 2023, sales have been $2.3 million and they have lost approximately $100,000.

By 2022, they had made $5.6 million in sales and their advertising cost was $400,000. To expand the business, they spent more money on trade shows, hired more employees, etc. due to which their profits are going negative.

Their profit margin in every product ranges from 60%-62%. Their margin in backpacks is 71%. They made $3.4 million in sales in just 12 months by testing products on Amazon.

FlyWithWine Net Worth

FlyWithWine net worth is estimated at $5 million. North American countries and Europe are consuming maximum wine. The market size of this industry is estimated at USD 489.3 Billion in 2021 and is expected to be USD 825 Billion by 2023

Is FlyWithWine Still In Business?

Yes, FlyWithWine is still in business as of December 2023.

There is a lot of competition in the wine industry and there are some companies that sell personal wine transport safe storage products.

The headquarters of this company is in Napa, California, United States, and 2-10 employees are working in it.

FAQs