Wine & Design Shark Tank Update

Wine & Design Shark Tank Pitch

Patrick Mills and Harriet Mills appeared on Shark Tank Season 8, Episode 24, which aired on May 12, 2017, with wine and paint experience.

Wine & Design is listed in the Media Entertainment category. In plain terms, the business is described as wine and paint experience.

Wine & Design asked the Sharks for $500,000 for 10%, implying a valuation of about $5 million.

On the show, Wine & Design made a listed deal with Kevin O'Leary for $350,000 line of credit at 12% + $150,000 for 10%.

If treated as straight equity, the listed deal works out to about $1.5 million implied valuation, down from the original $5 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Wine & Design After Shark Tank

Wine & Design accepted a deal with Kevin O’Leary, structured as a line of credit plus an equity investment, and the follow-up says the deal closed. (Wine and Design Shark Tank Blog update

The company continued as a paint-and-sip franchise business after Shark Tank, with reported annual revenue around $8 million as of November 2021. (Wine and Design Shark Tank Blog update

A founder dispute later split pieces of the original business: Harriet Mills retained the franchise program, while Patrick Preiss kept ownership of the original location. (Wine and Design Shark Tank Blog update

Despite that messy chapter, Wine & Design remains active as a franchise brand. (Wine and Design Shark Tank Blog update

Sources

Sources used for this page: Shark Tank API pitches