Ghia Non-Alcoholic Net Worth 2022 – What Happened After Shark Tank
Melanie Masarin pitched her startup company, Ghia, on Season 14 of Shark Tank.
If you’re trying to cut back on alcohol, don’t worry; her company makes non-alcoholic drinks that taste just like soda.
Let’s see if she could close the $250,000 sale and receive the latest Ghia info.
What Is Ghia Non-Alcoholic?
Getting drunk isn’t the goal of every person. For some, it’s all about the company and enjoying the drink.
Non-alcoholic beverages are available at Ghia and may appeal to those in this category. They’re lauded for successfully mimicking the flavor of alcoholic beverages without the inclusion of alcohol.
Melanie and her family spent many a summer evening partaking in the aperitif customs of the Mediterranean. They partied until the break of dawn, sharing food and conversation with their pals.
There was alcohol available, naturally. Melanie aimed to re-create the ambiance, minus the alcohol.
With funding from two investors totaling $480,000, she launched Ghia in November 2019.
The popularity of the “sober-curious” trend, in which people investigate the effects of abstaining from alcohol, was a boon to the company’s growth.
Her company made history in 2020 by being awarded the Esquire Drink of the Year trophy for the first time. The following year, Ghia’s wholesale revenue increased from $10,000 to an astounding $180,000.
Ghia Non-Alcoholic Net Worth and Overview
Company Name |
Ghia Non-Alcoholic |
Owners |
Melanie Masarin |
Shark |
No Shark |
Equity |
5% |
Investment |
$250,000 |
Location |
United States |
Networth |
$35 million |
Shark Tank appearance: Did it go through?
Melanie went on “Shark Tank” and asked for $250,000 in exchange for 5% of the company.
About $2.5 million in gross income was earned by Ghia in the prior calendar year, most of it from direct internet sales.
The financial results exceeded the sharks’ wildest expectations. There was an issue; the business lost roughly $1 million last year and needs to bring in another $10 million from investors.
Daymond John withdrew from the competition without submitting a bid. Lori Greiner agreed it wasn’t a good investment opportunity, so she quit.
Despite Robert Herjavec’s confidence in the company’s long-term viability, Mark Cuban was adamant that further funding was necessary to fuel its future expansion.
Robert’s proposal of $250,000 in exchange for 5% stock was exactly what Melanie had been hoping to hear.
In exchange for 10% ownership, Kevin O’Leary has offered $250,000. Melanie and Kevin were in negotiations when Robert became impatient and left.
Then, Melanie denied Kevin’s offer since she was unwilling to pay him 10%.
Melanie’s company will still benefit from being shown on Shark Tank, Season 14, even though she ultimately could not get a deal.
Where is Ghia Non-Alcoholic company today?
Even though their show has only just aired, being featured on a major network will do wonders for any company’s public image.
You can get your hands on some Ghia cocktails at DrinkGhia.com and at several restaurants, pubs, and hotels in the United States.
In 2022, profits for the beverage maker are expected to total $4.5 million, and by 2023, that number is expected to double.
The Apéritif is the company’s top seller and does exceptionally well during Dry January.
Thanks to their relationship with Mayple, the drink may now be purchased in more than 52 countries! During the previous Dry January, sales for Ghia climbed by 40%.
A total of 189 reviewers on ThingTesting.com have given Ghia an average rating of 4.2 stars. Antoni Porowski and Priyanka Chopra are just two famous people who are fans of the company’s alcohol-free beverages.
Considering the most recent funding round, Ghia is valued at $35 million. The chances of a multinational beverage firm acquiring Ghia increase significantly if annual sales hit $20 million.
The sharks may regret not investing in this great business! No doubt Melanie and her team are set out to do great things.
