What Happened To Corks Away After Shark Tank?

Corks Away Wine Adventures, owned and operated by Nathan Buffet and Shane Cianciolo, is the topic of this episode 411.

The couple’s business began with purchasing a renovated sailboat, allowing them to offer vineyard tours along with California’s coast and finger foods and wine tastings.

Therefore, they are interested in franchising their concept and extending the business to include other boats along different coastlines.

Can Corks Away Wine Adventures win the Sharks’ trust, or will this be another idea that sinks to the bottom of the ocean?

What Are Corks Away?

Corks Away is a firm that would take six guests on an onboard sailboat for a luxurious cruise along the California coastline while providing them with wine and food.

They were enormously successful, and they expanded their offerings to include beer, mimosas, and couples cruises.

Corks Away Shark Tank Update

Furthermore, they were looking for ways to grow the business further, such as opening it up to franchising, selling pesto appetizers in retail, and creating an indoor dinner cruise in Las Vegas. Another way to put it was that they were slightly disorganized.

Company NameCorks Away Wine Adventures
EntrepreneurNathan Buffett and Shane Cianciolo
Product / BusinessAdventures with wine at sea
Investment Asking For$105,000 for 20% equity in Corks Away Wine Adventures
Final DealNo Deal
SharkNo Shark
Episode Season 4 Episode 10
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Corks Away?

Nathan Buffet and Shane Cianciolo are the founders of Corks Away Wine Adventures. 

Corks Away offer a grand sailing adventure along the California coast, starting from Alamitos Bay and ending near Naples under the grapevines.

You and up to five guests will be treated like Kings (or Queens) while you enjoy the best Southern California wines.

You will also receive a selection of appetizers as part of the price of your tour. You can be sure that you will be sailing in elegance when you sail with Corks Away.

You may also rent out Corks Away’s much larger sailboat from the 1920s for larger gatherings.

The Dirigo 2 can accommodate a larger number of individuals than the Dirigo 1, which has a capacity of 25 people.

This sailboat will remain in port due to the enormous number of people on board, but it would be an excellent venue for a private party suited to your specific requirements.

Corks Away Before Shark Tank

Shane Cianciolo and Nathan Buffet started Corks Away Wine Adventures in 2009 to engage themselves and their friends in recreational activities.

There was no way they could have imagined it becoming such a huge hit all over California.

But it happened, and they both realized that they were on to something wonderful.

Why shouldn’t other coastal areas be able to enjoy it as well if California is so popular?

It is easy to understand the concept behind Corks Away Wine Adventures.

The customers board a sailing boat for a scenic trip, followed by a coastal winery and vineyard tour.

There will be appetizers and wine samples throughout the day as part of this excursion.

You can indulge in a glass or two of your favorite beverage while relaxing and kicking back.

Nathan and Shane began by purchasing a single sailboat and completing a comprehensive restoration independently.

Customers would enjoy a relaxed and luxurious environment; therefore, they wanted to supply them with that.

Their one-boat operation was a huge success, and as a result, they decided to explore the possibility of expanding into franchising.

However, it would be necessary for them to obtain the funding from a business partner who could provide the funds to purchase new boats and set up operations in various parts of the world.

ABC’s Shark Tank provides a good platform for outreach and funding for startups.

How Was The Shark Tank Pitch Of Corks Away?

Nathan Buffet and Shane Cianciolo appeared on Shar Tank seeking an investment of $105,000 in exchange for a 20 percent stake in Corks Away Wine Adventures.

They conduct a demonstration of the wine and snacks, and they hand out samples to guests.

The entrepreneurs introduce their various packages to the sharks while eating sweets and drinking wine.

The Sharks are interested in learning what lurks beneath the shtick. Warren Buffett explains that the company has a four-part business strategy, currently in “phase 2.”

The “proof of concept” phase was the initial step. Their company generated $250,000 in sales in its first year, which has left them confident.

Mr. Wonderful was impressed when he saw the numbers, saying, “When I first saw you, I thought you were two bozos in a boat. But, you’re not that stupid.”

The salesperson commented, “For one boat, a quarter million in sales isn’t too shabby.”.

The second step is referred to as expansion. They’d like to reach out to other captains and provide franchise opportunities to those interested. Buffet lays out his strategy.

The Corks Away franchise would cost $175,000, plus a boat and business plan, and provide new captains with the tools to launch their store.

The Sharks are wary of the idea that captains would be prepared to pay such a high mark-up to become part of the Sharks brand, despite the boats being expensive at $35,000.

The Sharks think it’s ridiculous that they will sell their appetizers at retail outlets as part of the third stage.

Cork’s Away, however, is not deterred, and the duo plans on taking the company in a new direction by launching a cruise tour of Las Vegas that is indoors and serves wine.

Mark Cuban believes that the company’s growth is limited. Corks Away Wine Adventures franchises are unlikely to succeed because they are available in such a small number of regions, and the market is so narrow. He’s no longer interested in investing.

Robert Herjavec believes that the business model “simply doesn’t stack up.” He’s no longer here.

Daymond “Relaxing Reisling Ride,” he proposes, adding the pirate’s typical “Arrr” to the title. However, that is all he has to offer the Captains in terms of ideas for their indoor attraction. He’s no longer here.

Kevin O’Leary describes the couple as “comics” and their business as “nice,” but he doesn’t think the company is a good “investment.” He’s had a great time with the wine, but he is “so out.”

Barbara Corcoran “likes” the couple and thinks working with them would be fun. However, she admits that she couldn’t sleep knowing they had her money.

The final Shark has left, and the couple is forced to exit the Shark Tank without a contract.

Final Deal: No deal between Sharks and Corks Away Wine Adventures.

What Happened To Corks Away After Shark Tank?

Nathan and Shane did not want to give up even though they could not reach an agreement with one of the Sharks.

Corks Away Wine Adventures later added a second boat to its fleet to accommodate more customers.

This boat had a capacity of 25 persons and contributed to the company’s growing popularity among both locals and tourists in California.

What Happened To Rags to Raches After Shark Tank?

Nathan and Shane were a moderate success following their appearance on Shark Tank for a short time but ultimately failed, and the company went out of business.

Corks Away Wine Adventures website was eventually taken down, and its Twitter account was deactivated somewhere around the year 2012.

Following the wine tours’ failure, they decided to dock their boats in Santos Marina.

They intended to establish an Eco-Tourism company, but there have been no public announcements or updates regarding this endeavor.

Corks Away Shark Tank Update

Buffet and Cianciolo didn’t give up on their business despite being unsuccessful in the Shark Tank.

Their wine cruises up and down the coast continued as they purchased a new boat the following year that could accommodate up to 25 passengers.

Corks Away Shark Tank Update

Corks Away was a successful business initiative for a while, but the website has now disappeared, and the company has closed its doors.

The men traveled to El Salvador with their boats and established an Eco-Tourism business at the Santos Marina.

Cianciolo returned to California in 2014, when he married his long-term partner. He and his wife are missionaries in the Central American country of El Salvador.

Are Corks Away Still In Business?

Corks Away grew its fleet after the Tank, purchasing a second boat capable of accommodating 25 passengers, and became even more popular.

However, it did not last long. Corks Away Wine Adventures was forced to close its doors.

What Happened To Milk and Brookies After Shark Tank?

To establish an Ecotourism business in El Salvador, they transported their boats to Santos Marina. Corks Away Wine Adventures went out of business in 2012.

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