Corks Away Wine Adventures was founded by Nathan Buffet and Shane Cianciolo as more or less an amusing side project.
They would provide a luxurious sailboat excursion down the coast of California for up to six guests, during which they would serve wine and food.
They had a great deal of prosperity and subsequently branched out into the production of beer, mimosas, and couple’s cruises.
They considered opening the company up to franchising, selling their famous pesto appetizer in retail locations, and launching an indoor dinner cruise in Las Vegas as further potential avenues for further expansion of the business. To put it another way, they were dispersed quite a bit.
Hors d’oeuvres and wine are both served during Wine Adventures’ cruises on the water. Adventures for a group of six guests, sailing twelve times a week, and grossing $250,000 in the first year of operation.
They are under the impression that Corks Away is capable of being franchised. They will give the yacht in addition to the business strategy for the price of $175,000. They have to spend $35,000 on the yacht.
They plan to start a business selling their Pesto Torte to stores as soon as they have finished marketing the cruise to potential customers. Last but not least, they are considering going on a Corks Away cruise within Las Vegas.
Shane and Nathan want to get to a point where they can launch their indoor cruise in Las Vegas, and their objective is to get there as quickly as possible.
The Sharks chuckle at Shane’s assertion that they did something insane, such as opening a casino in the middle of the desert.
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.
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 Name||Corks Away Wine Adventures|
|Entrepreneur||Nathan Buffett and Shane Cianciolo|
|Product / Business||Adventures with wine at sea|
|Investment Asking For||$105,000 for 20% equity in Corks Away Wine Adventures|
|Final Deal||No Deal|
|Episode||Season 4 Episode 10|
|Business Status||In Business|
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?
Buffet and Cianciolo appear on an episode of “Shark Tank” in an effort to secure a sizeable investment of $105,000 in exchange for a 20 percent ownership part in the Corks Away company.
They then go on to inform the Sharks that clients of theirs have come from all corners of the globe in order to participate in one of their wine tours.
Sunflower is a luxury yacht measuring 30 feet in length, and both Buffet and Cianciolo are licensed captains who are recognized by the Coast Guard.
Samples of four distinct wines and a variety of snacks are offered to guests throughout the duration of their trip.
Cianciolo approaches the Sharks with the intention of providing them with a taste of what the customers of Corks Away encounter during their adventure.
Corks Away does, however, offer a range of other cruises as well, some of which are not even remotely focused on wine at all.
There are possibilities for tours that involve beer, mimosas, and even cruises specifically for couples.
You can rest assured that your tour has been meticulously designed to provide the atmosphere and adventure consumers are seeking.
The Corks Away Tours can accommodate a maximum of 6 passengers on each boat. This is done to avoid overcrowding and to provide the guests an opportunity to thoroughly unwind and relax.
Each trip lasts 1 hour and 30 minutes, and during the year they provide a total of 12 different excursions per week.
They aim to broaden the scope of the company, which is why they are participating in the show “Shark Tank.”
They have made a total of $250,000 in sales over the course of the previous year, and the entire amount of money was made off of the single boat that they own.
The expansion of boating places and the number of boats operating will likely result in an increase in revenue.
Because of their inability to scale, Mark Cuban’s company is experiencing difficulties. He is pulling up anchor and leaving the ship at this very moment.
As a different kind of marketing strategy, Daymond John suggested that they come up with the Reisling Ride idea. According to him, you have two R’s if you count the Relaxing Reisling Ride as one of them. What do you have? Rrr!
Kevin O’Leary believes that this is not an investible opportunity, and he is not going to pursue it. However, he may change his mind if he drinks more wine, and he is the first person to purchase a ticket for the indoor ride!
Barbara Corcoran claims that she would have a wonderful time sailing with them but that she would be unable to get a good night’s rest if they had her money, therefore she cannot participate.
Robert Herjavec informs him that their business strategy is riddled with flaws, therefore he decides to leave.
Final Deal: No deal between Corks Away and Sharks.
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.
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
The sharks were fascinated by the men and the fact that they were having a great time. Their recommendation was that they should proceed with business as usual.
Corks Away’s clientele continued to grow after the success of the Tank as they invested in a second vessel with seating for 25 passengers.
But it didn’t last. The company went bankrupt. They had the intention of beginning an ecotourism business, so they sailed their boats to the Santos Marina in El Salvador.
The company Corks Away is no longer in operation.
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.
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.
What Is the Net Worth of Corks Away?
The net worth of Corks Away was $525,000 when it appeared on Shark Tank. Corks Away is out of business as of 2022, hence its net worth is unavailable.