Corks Away Wine Cruise Update | Season 4

Captain Nathan Buffet and Shane Cianciolo have created a wine-focused booze cruise business. Will they sail off with a deal on Shark Tank Season 4? Find out in our Corks Away update!

Shark Tank Corks Away Update

Corks Away Update

  • Entrepreneurs: Nathan Buffet and Shane Cianciolo
  • Business: Wine cruise experience
  • Ask: $105,000 for 20% equity
  • Result: No deal
  • Shark: None

The sharks were initially pleased when Captain Nathan and Corks Away founder Shane first started their pitch. After all, they presented each shark with a tall glass of wine and their signature appetizer– the pesto torte.

Shane shared that they were looking to expand, revealing that they had $250,000 in sales from the previous year. The sharks were impressed, but that would soon dissipate as Shane divulged the “four stage plan,” in which they had already entered Stage 2.

The sharks were eager to hear more about this, so they asked for clarification. Shane said the first stage was the proof of concept and, thanks to the ample sales in the previous year, he considered it successful.

Stage 2 involved expansion and franchising, which the sharks figured was a good plan until Shane shared that they would purchase a boat for approximately $35,000, and sell it to franchisees, along with “the business model,” for $175,000.

The sharks protested this and found it hard to believe that a would-be captain would be willing to pay $175,000 for a boat if they knew they could buy their own for $35,000. Shane went on to share Stage 3, which involved rolling out the “pesto torte” into grocery stores, but the sharks were not on board.

Finally, Shane arrived at Stage 4– an indoor dinner ride in Las Vegas under the Corks Away brand umbrella. This plan was another no-go for the sharks. Mark Cuban would be the first to go out, stating that the company didn’t have the right plan to scale, in the way that would result in big profits. Robert Herjavec went out next, stating that, beyond Stage 1, there were a lot of “holes in the boat.”

Daymond John, Kevin O’Leary, and Barbara all went out, not feeling that the company was investable. With that, Nathan and Shane left the tank without a deal, but what happened next? Keep reading our Corks Away update to find out!

Unfortunately for Nathan and Shane, the business folded only two years after the episode aired. They were successful in purchasing a second boat and scaling the business slightly, but Corks Away closed down in 2014 and is now out of business. This will be our final Corks Away update.

Would you like to learn about the other companies featured on Season 4 Episode 10? Follow the links below!

For even more on companies and products, be sure to stop by our Season 4 Products Page!

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!