Among the Wines in the world, there is Wondry Wine — a Texas-based gem that has transformed from being a local business into a well-known national brand. The time has come to pop open Wondry Wine Story, and Mark Cuban’s strategic investment.
Wondry Wine $1.1 Million Triumph
The dynamic duo behind Wondry Wine revealed their remarkable success story to ABC’s “Shark Tank”. A year ago, Mark Cuban contributed $225,000 for a 15% stake in Wondry Wine. Their annual sales shot up to $1.1 Million and give Mark Cuban a lot of credit for helping them to achieve it.
Mark Cuban Investment from $225,000 to 1.1 million $$$
Initially looking for capital so that they could set up an automated bottling line, Whitney and Chaz scored big when they got a whopping $225,000 investment from Mark Cuban in exchange for 15% equity interest in Wondry Wine. It went beyond mere capital injection because only two weeks after the investment, Gates whoa are the founders, connected with Southern Glazer, a national alcohol distributor. This win in networking meant opportunity for Wondry-Wine as it would get a counter place in over 400 Stores countrywide.
The Humble beginnings and National Recognition
That which transpired with Wondry Wine is nothing short of an amazing story. However, what began as a local Texas enterprise operating out of a 1,400 square foot location has since grown into a nationwide brand occupying nearly ten thousand square feet of area. With zeal to produce quality Wines, they used their $100,000 to invest in Winery. Wondry Wine is now one of the very few black entrepreneurs who run the Wines business today.
Unique Wondry Wine offers that dance between craft cocktails and premium Wines
In addition, Wondry has made itself known for having an exclusive range that is in a unique category between craft cocktails and premium Wine. Having an alcohol content at 13.9 percent ABV, they are 100 percent natural Wines infused with berries, orange and other finest quality extracts. Currently, the retailer presents a new collection called Shark Tank Collection that includes top sellers such as Vanilla Caramel cream, Peach in Peace, and Sangria Especial.
Breaking Wine Industry Norms
The shift in the Wine industry is very important with only one percent of U.S. Winemakers who are black. With marketing and tech experience, Whitney and Chanz Gates present an unusual viewpoint, as well as dedication to making high-quality Wine. Mark Cuban realized that this was the beginning of a new voice in the Winery world.
Wondry Wine Quadruple Revenue Surge
In addition, Mark Cuban’s investment has a far-reaching effect than money value. Wondry Wine experienced a four-fold rise in income just after appearing on Shark Tank. Indeed, Cuban’s mentorship in marketing and business development has propelled them towards some bigtime US retailers distribution channels.
Wondry Wine Continued Growth
Whitney & Chaz Gates will remain grateful to Mark Cuban for believing in their company. In addition, it is anticipated that it will extend the range of its products and develop an enhanced distribution system. For instance, Mark Cuban has been involved in supporting entrepreneurs towards success as he invested in a Wine company.
The company challenges itself to innovate and invites Wine consumers to be part of its journey as Wondry Wine keeps making inroads into the market. Each and every bottle of Wondry Wine comes with a tale of endurance, diversity, and the sweetness of triumph, besides sharing some flavors.
