It was one of the most exciting Shark Tank episodes in history. Bee D’Vine, the innovative honey company, had managed to make a deal with four sharks at the same time. But what happened after the show? Did they make millions? Or did they tank? In this article, we will answer all of your questions about Bee D’Vine and what happened after Shark Tank. We will also give you some tips on how to improve your business! Thanks for reading!
What is Bee D’Vine And Who Came Up With the Product
Bee D’Vine is a unique honey wine created by Ayele Solomon. This product transforms honey, the traditional sweetener made by nature’s hardworking pollinators, into a delicious wine that is both flavorful and healthy.
Ayele came from Ethiopia and folks out there loved honey wine, especially mead. He wanted to create a product that would make it accessible to Americans and he found his calling in the form of Bee D’Vine.
Honey wine is one of the oldest types of wine ever known to man and is just as delicious as any other type of wine. The difference between it and others is that it contains no added sugar, preservatives, or sulfites and is made with only natural ingredients.
The Bee D’Vine is also eco-free since it doesn’t require the planning of plantations or vineyards, but only a source of safe, pure, and clean spring water and the fermented honey of well-kept bees.
Ayele was very passionate about this venture! To ensure that everything will go without any hiccups, Ayele went the extra mile and he kept discussing the matter with experts in the industry. He also shared his plans to introduce his wine to high-class restaurants, hotels, and wine shops.
He was also planning on making a full series of various honey wines, like Dry, Medium, and Sweet. What’s more, he harvested the ingredients required for the wine from the selected parts of the world only to make sure that his creation remains unique and authentic.
The Bee D’Vine was successfully launched in 2014 and in 2019 Ayele opened The Honey Wine bar where he serves honey wine to the public. And this is where his ‘Shark Tank’ adventure begins! [1] [2] [3]
What Happened After Shark Tank
In 2021, Ayele decided to take a chance and appear on the TV show ‘Shark Tank’ in order to pitch his business. His dream was to receive an offer from one of the five Sharks so that he could fund his venture and turn Bee D’Vine into a global success story. What Ayele asked for, was a $ 750,000 for 20% stake in the company.
He began his pitch by explaining what his product is exactly and how it’s made. He also explained the process of bringing the product to market and the positive feedback he had received from customers.
He explained that he uses a special kind of fermented honey for his wine, which makes it extraordinary. He also explained that his product is a healthier alternative to traditional wine because it’s low in sugar and calories. And then he briefly went over the health benefits of his product.
And the most impossible thing of all, the product is 100% non-GMO and gluten-free. This allows him to offer the product without any health risks and makes it a very attractive option for those who are looking for something different.
To prove his points, he gave out samples of wine for the sharks to taste and the reaction was incredible. Each Shark commented positively on the taste and quality of the wine and they were all clearly impressed by his product and enthusiasm.
Then he started talking about sales. In the past year, he had managed to achieve $ 115,000 and during the six years he was in business he sold $ 400,000 worth of his product. One bottle of wine costs around $ 5 to make and they sell them for $ 29 – $ 39 depending on the size and type of wine.
Since Kevin already owns a wine business, he doesn’t make an offer. But the other four Sharks were interested in Ayele’s product and he ended up with a deal from Mark Cuban, Lori Greiner, Robert Herjavec, and Daniel Lubetzky. They all decided to jointly invest $ 750,000 for the 40% stake in Bee D’Vine and each of them will have an equal share in the company. Furthermore, they will also be able to provide Ayele with guidance and help him scale his business. [2] [3]
How is Bee D’Vine Doing Post Show
Bee D’Vine has had tremendous success since appearing on Shark Tank. Ayele was showering the exposure he gained since appearing at Live TV. He was also able to get the funds he needed for scaling his business and making it a global success story.
Unfortunately, we were unable to confirm that Ayele had finalized his deal with four of the sharks. It’s unknown what caused the deal to fall through but, it’s likely that the Sharks were unable to come to an agreement about the financial details of the deal.
Unfortunately, we weren’t able to find out the exact earnings of the company since appearing on Shark Tank but, according to their website, they’ve had a significant increase in sales.
Ayele had managed to gather a loyal following for his wine as well, if you go to the product’s social media page on Instagram, you can find four thousand of followers. And they actively engage with the company’s posts and share their experience with the product. And same goes for their Facebook page which has a little more than three thousand followers.
They have even managed to get their wines to the Total Wine & More store. This is an impressive achievement and it shows that the company is doing very well.
Bee D’Vines has also appeared in a variety of news outlets and publications, including Food & Wine and The Wine Spectator. This further proves that the company is doing well and it’s only going to get better in the future.
The company is still growing at a rapid pace and it looks like it will continue to do so in the future as well. Ayele is confident that he will be able to take Bee D’Vine to even greater heights over the coming years. He continues to work hard on improving the company and creating new products as well. [2] [3] [4] [5] [6] [7]
What is Bee D’Vine Net Worth
Unfortunately, it is not possible to determine the exact Bee D’Vine company net worth. However, based on the information available, we can make an educated guess that the company has done very well since appearing on Shark Tank.
We can only speculate about the exact amount but one thing is certain – Bee D’Vine continues to be very successful despite not having a deal with any of the Sharks. The company continues to expand at an impressive rate, so we can expect that number to continue increasing in the future. [3]
Main Competitors of Bee D’Vine
Bee D’Vine has a few direct competitors. While honey wine isn’t very common in the market, there are a few companies that offer similar products.
Etowah Meadery
Etowah Meadery is another of the main competitors of Bee D’Vine. They offer a variety of honey wines, meads, and other fermented drinks. The company has been around since 2016 and has gained quite a bit of traction in recent years.
Humble Bee Wines
Humble Bee Wines is one of the main competitors of Bee D’Vine. This company focuses on producing organic honey wines, which are made from pure honey.
Their products have won several awards. They also offer a wide range of flavors, making them a great option for those who want to explore different types of honey wine.
Wild Blossom Meadery
Wild Blossom Meadery produces a wide range of meads, as well as ciders and wines. Wild Blossom also offers private-label mead production services for select clients.
The company has been featured in many other media outlets. They have won several awards in international competitions and their products have received excellent reviews from customers.
They still keep releasing brand new products every year and are currently working on expanding their flavors. Wild Blossom Meadery also participates in several trade shows, as well as hosting its own mead festivals. [3]
FAQ
What happened to Bee D’Vine Shark Tank?
Bee D’Vine went to achieve an incredible deal from four whole sharks in the tank! Mark Cuban, Daniel Lubetzky, Lori Greiner, and Robert Herjavec offered $ 750,000 for a 40% stake in the company. However, once the episode had ended, the negotiations started, and as a result, they failed to reach a deal.
Despite the failed negotiations with the sharks, Bee D’Vine has been doing well for itself and has made some incredible progress in its business. After appearing on Shark Tank, Bee D’Vine continued to sell the honey wine product, and is still going strong!
While we can’t say for sure how much the company has grown since appearing on the show, we do know that they have been able to maintain a steady stream of revenue and that Bee D’Vine is still in business today.
What is the name of the honey wine that was on Shark Tank?
The honey wine that was featured on Shark Tank is Bee D’Vine. It is a unique combination of fermented honey and spring water, made with real honey and natural ingredients. Developed by an Ethiopian man Ayele Solomon, the all-natural alcoholic beverage is a refreshing, low-sugar alternative with all the flavor of a traditional wine.
Bee D’Vine has become renowned for its sweet flavor profile and distinctive taste. The product can now be found in select wine stores, as well as online, and is available in several types, Brut, Demi Sec, and Sparkling.
While we can’t provide you with detailed information on what happened to Bee D’Vine after Shark Tank, we can tell you that Ayele Solomon is still running his company and that his product still can be ordered online. Just keep in mind that some types of wine are out of stock from time to time.
What wine was on Shark Tank?
There were many wines served on the Shark Tank, but one of the most unique ones was a wine made from honey. This was Bee D’Vine, the product of entrepreneur Ayele Solomon. In his pitch to the Sharks, he revealed that Bee D’Vine was created by taking honey and fermenting it into a dry white wine. He also noted that it has low sugar content compared to other wines, making it a healthier choice for those looking for something to enjoy without worrying about their waistline. And it was eco-friendly as well, with minimal waste and a smaller carbon footprint than traditional wines.
Ayele managed to secure a deal with four sharks – Mark Cuban, Daniel Lubetzky, Robert Herjavec, and Lori Greiner – investing a total of $ 750,000 in exchange for 40% equity in the company. However, it seems that that deal was never finalized.
What is bee wine?
Bee D’Vine is an artisanal mead made from unique blends of honey and spring water. Founded by Ayele Solomon, Bee D’Vine specializes in producing small-batch meads that are crafted with locally sourced honey and all-natural ingredients.
Ayele intended to replicate the taste of the popular Ethiopian honey wine, which he had tasted for years while living in his home country. His meads are an ode to the traditional honey wines of Ethiopia and combine local tradition with modern flavors.
In addition to its flagship product, Bee D’Vine also offers a range of other artisanal products including Berele, a sparkling honey wine, as well as mead kits and various other flavors.
Useful Video: Will Chef Wonderful Invest In Bee D’Vine Honey Wine? | Shark Tank US
Conclusion
Ayele Solomon and Bee D’Vine were a unique pair that entered the Shark Tank and left with a deal. Not only they managed to get one shark, but four sharks, to invest in their business. And what’s more, they also gained the exposure that comes with a Shark Tank appearance and the valuable advice these sharks can provide.
However, it seems that the deal with the sharks wasn’t finalized after they appeared on the show. This delay may have been caused by the legal paperwork and other matters that needed to be sorted out, or perhaps the sharks and Solomon had trouble agreeing on terms.
Despite this, Ayele Solomon has continued his work on keeping Bee D’Vine afloat. He has listened to their advice to create a cheaper option that most consumers could afford. He has also branched out and created a whole line of mead products to cater to more customers.
While we can’t provide you with reliable reports on the sales numbers of Bee D’Vine, there have been some reports that the company has seen a growth in its sales thanks to its Shark Tank appearance.
The Bee D’Vine is a unique, Ethiopian honey-based wine that has many precious memories for Ayele. The wine is eco-friendly, organic, and sustainable – all qualities that attracted the sharks. So it’s not the type of wine that you see every day.
In any case, it is clear that Ayele Solomon and Bee D’Vine have made a name for themselves after their appearance on Shark Tank. Overall, Bee D’Vine had a great time after appearing on Shark Tank and it shows no signs of slowing down anytime soon. The company has managed to gain immense popularity and attention since appearing on the show and they’re now working towards becoming an even bigger success story. We wish them all the best!
References:
- https://www.sharktankblog.com/bee-d-vine-honey-mead-wine/
- https://www.sharktankblog.com/business/bee-dvine/
- https://bizzbucket.co/honey-wine-bee-dvine-shark-tank-update/
- https://www.mashed.com/599980/heres-what-shark-tanks-honey-wine-is-doing-now
- https://beedvine.com/
- https://www.instagram.com/beedvine/?hl=en
- https://www.facebook.com/BeeDvine/