{"id":1918,"date":"2017-05-30T18:31:00","date_gmt":"2017-05-31T01:31:00","guid":{"rendered":"https:\/\/www.wineanddesign.com\/studio\/shark-tank-recap-boozy-painting\/"},"modified":"2017-05-30T18:31:00","modified_gmt":"2017-05-31T01:31:00","slug":"shark-tank-recap-boozy-painting","status":"publish","type":"post","link":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/shark-tank-recap-boozy-painting\/","title":{"rendered":"Shark Tank recap: Boozy painting"},"content":{"rendered":"

Originally published on The Comeback<\/a>. <\/strong><\/h3>\n

Shark Tank recap: Boozy painting, futuristic notebooks, pheromone hair care, bridal pee help<\/h1>\n

Show us your… well, there's a lot to show in the Tank!<\/p><\/blockquote>\n

\"\"<\/p>\n

POP CULTURE<\/a>By Ty Schalter<\/a> on May 13, 2017<\/p>\n

The Shiver: For a WILD Season 8 finale, we’ve got a typical blend of Sharks: Dallas Mavericks owner and tech-sector maverick Mark Cuban in his usual stage-right chair, real estate impresariess Barbara Corcoran, venture capital mogul Kevin “Mister Wonderful” O’Leary, QVC Queen Lori Greiner and infosec entrepreneur Robert Herjavec.<\/p>\n

The Bait: Tipsy painting, magic drawing, sexy shampooing and bridal peeing. Yeah, no, really.<\/p>\n

Company: Patrick & Harriet Mills, “Wine & Design”<\/h3>\n

Seeking: $500,000 for a 10 percent stake<\/p>\n

My first reaction to Wine & Design is: I’ve seen this before. As the entrepreneurs admit, a wine-encouraged art studio where regular folks can go to get a little creative and a little tipsy are all over everywhere.<\/p>\n

But Wine & Design has staked out a big hunk of this market for themselves — and they’ve shipped in a big hunk of man for their pitch:<\/p>\n

As the boa-wrapped Sharks follow their instructor in doing a little life painting, they’re having lots of fun. But can they make lots of money? Oh yeah: The Millses claim they’re the No. 3 chain in the country, with 41 franchisees, some of whom have multiple locations.<\/p>\n

They project a whopping $12-13 million in gross revenue, with several hundred thousand of that in profit:<\/p>\n

 <\/p>\n

“It’s a dream business,” Mister Wonderful says, and Mister Wonderful doesn’t say that often. But if everything’s going swimmingly, why are they here? Lori figures it out:<\/p>\n

Their time of explosive growth has already happened. Now they need a cash injection to start fighting the long grind against the top two chains — starting the 20-year project to become the Subway that eventually topples McDonald’s and Burger King.<\/p>\n

Lori is not here for that. She’s out.<\/p>\n

Mister Wonderful puts a very Mister Wonderful offer on the table: $150,000 in cash, plus a $350,000 line of credit (at 12 percent interest) in return for a 10 percent stake in the company. Robert takes a shot at the structure of the deal, and Kevin invites him to do better. Robert says he will, and we have a DRAMATIC COMMERCIAL BREAK.<\/p>\n

View image on Twitter<\/a><\/p>\n

\"View<\/a><\/p>\n

\n

 Follow<\/a><\/p>\n

\"\"Lori Greiner <\/a>\u2714@LoriGreiner<\/a><\/p>\n

LOL some followed the directions better than others \ud83d\ude09 #SharkTank<\/a><\/p>\n

9:08 PM – 12 May 2017<\/a><\/p>\n

\u200b\u200b\u200b 5555 Retweets<\/a><\/p>\n

\u200b\u200b 454454 likes<\/a><\/p>\n<\/blockquote>\n

Twitter Ads info & Privacy<\/a><\/p>\n

 <\/p>\n

When we come back, Robert’s explaining that he understands how hard it is for entrepreneurs to try and pull income out of a successful business. His offer is very straightforward: $500,000 for a 33.3 percent stake. They get a half-million cash to enjoy forever, and an equal partner for the business.<\/p>\n

Sounds perfect, right? Apparently not.<\/p>\n

 <\/p>\n

Swim or chum? Apparently because of Kevin’s existing O’Leary Wines business, they SWIM with Mister Wonderful. I think that partnership adds more value for him than it does for them, though…<\/p>\n

Should you buy? There’s a competitor near me and if you’re not going for their bachelorette-party package, I’m not sure what, if any, differentiation there is. But if this sounds like a good time for you and your friends, sure, SHOULD BUY.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Wine & Design featured on The Comeback<\/p>\n","protected":false},"author":1,"featured_media":1919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-1918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-in-the-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/posts\/1918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/comments?post=1918"}],"version-history":[{"count":0,"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/posts\/1918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/media\/1919"}],"wp:attachment":[{"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/media?parent=1918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/categories?post=1918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wineanddesign.com\/wakeforest-nc\/wp-json\/wp\/v2\/tags?post=1918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}