VoChill Shark Tank Update (Season 14)

VoChill is the world’s first effortless personal wine glass chiller, designed to keep your wine perfectly chilled from the first sip to the last.

The chill system comes in two variants: stemmed and stemless, priced at $49.95 and $44.95, respectively. You can purchase them on Amazon or through the company website.

To use the chill system, freeze the chill cradle for three hours. Once it is solidly frozen, remove it from the freezer and attach it to the stand. The stemmed and stemless wine chillers are now ready to keep your wine glasses cold.

After enjoying your wine, simply detach the chill cradle from the stand and clean it thoroughly with a dry towel, using a soft cloth for maintenance.

For best results, always hand wash this chill system. Small, strong magnets are incorporated into the wine chillers to keep children safe and away from them.

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Who Is The Founder Of VoChill?

Randall Pawlik is the inventor and co-founder of VoChill, while Lisa Pawlik serves as the co-founder and CEO of the company.

Randall designed this unique product to keep wine glasses chilled from start to finish. He has been passionate about entrepreneurship since childhood and aimed to create innovative products.

After completing a course in computer-aided design, he enhanced his skills, allowing him to become the inventor and designer of VoChill.

Lisa Pawlik is a marketing and sales professional who worked as a marketing and sales manager at Heb Restaurant for six years. As the co-founder and CEO of VoChill, she plays a vital role in driving the company’s growth and success.

How Was The Shark Tank Pitch Of VoChill?

Randall and Lisa Pawlik enter Shark Tank, seeking $300,000 for 5% equity in their company. This husband-and-wife duo delivers an impressive presentation of their product.

The selling price for the stemmed version of VoChill is $49.95, while the stemless version is priced at $44.95. Their production costs are $9.21 and $8.62, respectively. Last year, they generated $820,000 in sales, primarily through Amazon and their website. In 2022, their sales reached $1.8 million.

Despite this growth, the business is not yet profitable. Kevin O’Leary remarks that the high price may deter customers. Their customer acquisition cost (CPA) is $57.

Gwyneth Paltrow expresses admiration for the product but declines to invest. Lori Greiner mentions that she does not fully understand the business and subsequently exits the deal.

Finalize: VoChill didn’t get the deal in Shark Tank.

VoChill Shark Tank Update

VoChill did not secure a deal on Shark Tank, although Kevin O’Leary proposed a royalty deal, which the founders declined. The product is considered expensive, and the high customer acquisition cost adds to the challenge.

Despite this, the product has potential appeal for wine lovers, and the sharks appreciated the concept. Reducing the price could lead to a significant increase in sales.

A perfectly chilled glass of white wine sounds ideal right now! #SharkTank #VoChill @ABCSharkTank

BarbaraCorcoran

The founders delivered an excellent presentation, impressing the sharks and engaging in discussions about the company’s performance. This husband-and-wife team has created a unique product that many customers are likely using, positioning it as a premium item in the market.

We will continue to follow Randall and Lisa Pawlik, along with their company, for further updates.

What Is VoChill Net Worth?

As of now, VoChill is valued at an estimated $6 million. The company sells its chilling systems in the United States, United Kingdom, Canada, and Amazon India. An additional estimated tax of $4.12 is applied to each order.

Yes, VoChill is still in business as of April 2024.