What Happened To FlyWithWine After Shark Tank?

FlyWithWine is a Securely Transport Luggage and Bag Business of Wine, Beer, and Spirits. This business was started in 2016 by Ron Scharman and Ryan Neergard but in 2023 they introduced their Personal Wine & Spirits Carrier line.

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.

Currently, distribution for this business is available internationally in Canada, Europe, the UK, Australia, and Brazil. To give recognition to their business, they appeared in Shark Tank Season 15 Episode 9 and asked for help from the sharks.

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.

Company NameFlyWithWine
FounderRon Scharman and Ryan Neergard
Founded2016
ProductSafety Wine Transport Luggage
Asked For$500,000 for 8% equity
Final DealNo Deals
SharkNo Sharks
Episode (Shark Tank USA)S15 E9
Air DateDec 15, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersNapa, California, USA
Lifetime Worth (Sales)$19M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

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.

How Was The Shark Tank Pitch Of FlyWithWine?

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.

SharksOffers
Robert Herjavec Robert HerjavecNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Mark Cuban Shark Tank Profile Mark CubanNo Offer
Emma Grede Shark Tank Profile Emma GredeNo Offer
Lori Greiner Profile for Shark Tank Lori GreinerNo Offer
Founder’s (Countered)No Counter
Final DealsNo Deals

What Happened To FlyWithWine After Shark Tank?

FlyWithWine does not get a deal in Shark Tank and has refused investment from all the sharks. They are still getting good orders from Amazon but they will have to make a different strategy to scale the product.

What’s new on FlyWithWine

Last Update: December, 2023

We do not have much information available right now related to this business. We are currently following the company and the founder for more information.

FlyWithWine Shark Tank Update

After appearing in the Scharman and Neergard Shark Tank, they explained their business to the sharks and told them about their journey so far. Both of them were earlier working in the same digital marketing company.

What Is 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.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2023$2.3M *estimated
2022$5.6M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
N/AN/AN/A

Is FlyWithWine Still In Business?

There is a lot of competition in the wine industry and there are some companies that sell personal wine transport safe storage products. There is a good opportunity for this company to expand its business through marketing.

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

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

frequently asked questions

Who founded FlyWithWine?

FlyWithWine was founded by Ron Scharman and Ryan Neergard in 2016.

Did FlyWithWine get a deal on Shark Tank?

FlyWithWine didn’t get the deal on Shark Tank.