"This year I am on track"- When 'Copa Di Vino' founder returned to Shark Tank seeking $500k

Shark Tank is known for making history and a lot more careers when it comes to weighing a deal. Robert Herjavec said, "Nobody in the tank has ever done you've been given, the American dream to come back" when Copa Di Vino founder Jim Martins returned to the show in Season 3.

Jim Martins was first featured in Season 2 of Shark Tank, where Kevin O'Leary eagerly offered to partner with him. However, citing that 51% equity for $600k was not what Jim was looking for, he left the tank with no deal. Jim Martins came back in Season 2 with his unique wine-by-the-glass brand, asking for $300k for 5% of the equity.

As much as the sharks were surprised, they were all in to listen to what Jim had to offer. By penetrating all the major retailers, Jim Martins was sure of his fast-growing company. However, he wanted a big investment, and therefore, he was back in front of the sharks with a pitch. Mentioning that he made $500k in just six months, Jim Martins revealed why he was back on Shark Tank:

"Well this year, I'm on track to sell over 5 million dollars sales. In truth, I cannot keep up with demand. I literally have twice the amount of orders that I can produce and to catch up I have to build a second bottling line and that is why I'm here today."

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Did Copa Di Vino founder Jim Martins lock a deal on his second visit to Shark Tank?

Copa Di Vino founder Jim Martins was back on Shark Tank, and he arrived with an exhilarating, dramatic, and a lot of negotiation that ended in nothing. The sharks were keen on knowing whether Jim Martins was willing to negotiate on his equity percentage or not.

Jim Martins was confident about taking his brand to new heights and asked the sharks to consider his offer. Daymond John instantly opted out of the deal as he was not interested. Barbara remarked that he was happy to see him again but was not willing to offer a deal. Kevin was lured into making a deal; however, he wanted Jim to share the technology of his company and make more money than ever.

After a lot of talks, rehashing of the past, and deliberation, Mark, Robert, and Kevin curated an offer for Jim, asking for 30% of equity for $600k. However, Jim was looking for assurance that the Sharks would be of value and wanted Mark to get him a deal at the Dallas Mavericks in the stadiums.

Jim's stubbornness and silence made Mark opt out of the deal while Kevin and Robert were still waiting for an answer from Jim. Jim cautiously opened one of the glasses of wine, had a sip, and bid farewell, making Robert Herjavec walk off the set in frustration.

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Shark Tank is available on ABC Network.