Shark Tank Pie Wine, a sparkling pizza flavor wine product founded by Kevin Klein and Josh Green, entered Shark Tank USA in 2023 on Season 15. The founders were seeking $200,000 for 7.5% equity for their business. Unfortunately, they couldn’t secure a deal with Sharks. In this article, we will explore Pie Wine’s net worth in 2024, its Shark Tank pitch summary and more.
Pie Wine Net Worth
The net worth of Pie Wine is estimated to be $2 million as of March 2024, and their annual revenue was $1 million in 2022.
| Net worth | $2 million *estimated |
| Annual Sales Revenue | $1 million (In 2022) |
| Profits | Not Available |
| Lifetime sales | $1 million *estimated |
| Employees | 11-50 employees |
Pie Wine Net Worth Timeline
| Net Worth 2024 | $2 million |
| Net Worth 2023 | $2.6 million (Business valuation) |
Shark Tank Pie Wine Update from Season 15
Kevin and Josh entered Shark Tank seeking $200,000 for 7.5% equity, valuing at $2.6 million. The Sharks liked their wine after tasting it. They operate in 8 states with distribution commitments ranging from $300,000-$400,000 Wholesale. The plan is to expand to 18 states, targeting $0.5M in 30 days and projecting $6.5 million in annual sales.
Their current investment is $300,000, with production costs at $1.50 per can, aiming to reduce it to $1.25 with increased production. They intend to sell each can to distributors for $3.25 and customers for $5.50. However, Kevin and Josh had to leave Shark Tank Season 15 without securing a deal for their company, Pie Wine. Despite not securing an investment in Shark Tank, the Sharks mentioned, the business being with intense competition.
| Company Name | Pie Wine |
| Founders | Kevin Klein and Josh Green |
| Business | Sparkling pizza flavor wine product |
| Episode | Season 15 Episode 01 |
| Asked Deal | $200,000 for 7.5% equity |
| Final Deal | No Deal |
| Sharks | None |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Los Angeles, California |
What Happened to Pie Wine after Shark Tank?
As of March 2024, the Pie Wine is still in business. Airing on September 29, 2023, this Shark Tank episode saw all wines sold out within four days, approximately 3.5 million viewers watched the episode. They restocked the product on October 3, 2023, but there is limited information about overall sales or retail availability.
Pie Wine’s website currently offers the beverages for purchase, but there might be shipping delays as they are for pre-sale orders. They present three options: Red, Sweet Za, and Crisp White, in 4 packs for $20 and 12 packs for $60.
Pie Wine Founder
Kevin Klein and Josh Green are Pie Wine’s founders, which started in 2022. They have been friends for over 30 years.
With a Bachelor’s in Media Studies and Communications, Kevin is an experienced Radio Host and a business professional. He also continues to host at CBS Radio. On the other hand, Josh is a committed entrepreneur with an academic background in Accounting. The founder’s net worth is unknown as of March 2024.
Pie Wine Achievements and Awards
| Year | Achievements and Awards |
| 2023 | Pie Wine was featured on Shark Tank Season 15 They’ve recently teamed up with C.A. Fortune and have set their sights on expanding into 40 states |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Pie Wine was one of the ventures featured on the show. Despite losing the deal, the company showed that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 01.
- Gatsby Chocolate Net Worth 2024 Update & Their Shark Tank Pitch!
- Worthy Brands Net Worth 2024 Update & Their Shark Tank Pitch!
- Gently Soaps Net Worth 2024 Update & Their Shark Tank Pitch!
FAQ
Pie Wine, a sweet sparkling wine specially crafted to complement pizza, offers three flavors: Crisp White Wine, Sweet Za Wine, and Red Wine.
Pie Wine was founded by Kevin Klein and Josh Green.
Pie Wine’s net worth is estimated at $2 million as of March 2024.
Yes, Pie Wine is still in business as of March 2024.
