Revolutionizing the wine industry through transparent pricing, fanatical customer service, and delicious wine.
Splash – SeedInvest.Final from Mark VanderSys on Vimeo.
The direct-to-consumer wine market is growing quickly in the U.S., but it can be difficult for consumers to find reliability. There are thousands of different labels, inconsistent quality, subjective pricing, and a lack of genuine customer service. Splash seeks to be that source of consistency with a few simple concepts.
Launched at the end of December 2014, Splash is a national direct-to-consumer wine marketer focused on cutting through the clutter of a growing, yet confusing market. Splash provides members with transparent pricing, great value, and top quality customer service that they can trust.
The best part? It’s working. Splash has realized early successes and early stage profitability.
Splash Wines, Inc. sells wine online in the United States. The Company offers red, white, rose, and sparkling wines. The Company incorporated in 2014 and is based in Eagle, Idaho. Splash Wines Inc. was launched at the end of December 2014. Initial pre-seed funding was completed In Q1 2015 for a total of $200,000 in convertible debentures.
The company operated at a loss for the first 10 months but became profitable in October 2015. Since that time, the Company has been profitable on a monthly basis. Revenues in 2015 were $4.7 million and total losses were $170,000. In 2016, revenues totaled $7.3 million and the company achieved $166,000 in pre-tax profit. In 2017, revenues exceeded $8 million and pre-tax profits were $262,000.
The company launched a seed round of funding in mid-2016 and closed the round in early 2017 for a total of $405,000 in debentures. The Company has projected that 2018 revenues will grow to over $13 million and that pre-tax profit will exceed $630,000.
