The saying used to go, “to make a small fortune in the wine business you’ve got to start with a big one.” No more! With the WinePod from Provina you can now make your own wine with very little fuss and, fantastically, rather little up front capital, relatively speaking.
The MBA in me just couldn’t resist crunching the numbers to see just how much capital it would cost to produce, say, a single bottle of your very own Cabernet Sauvignon. Armed with some stats on the purchase price of the Pod and the key ingredient - grapes - I set out to come up with an estimate. Here’s what I came up with: $53 a bottle.
Yep, just $53 a bottle.
That’s what I estimate it would cost you on a per-bottle-basis to make about 65 bottles of your very own California Cabernet Sauvignon using the Provina WinePod. Not all that bad, really, compared to what other bottles of the stuff fetch on supermarket and wine store shelves these days.
Here’s how the numbers break down:
- Pod: $1,999
- Grapes: 640 (160 lbs @ $4/lb)
- Barrel: 230
- Bottling: 230
- Miscellaneous shipping fees and taxes: 370
- Total: $3,469
- Per bottle for 65 bottles: $53.37
Compare that to the millions of dollars it would otherwise take to launch your own winery.
Note: I didn’t include labor in my calculation, which is, of course, your own hard earned spare time away from the office/family/gym/mall/whatever. I could certainly quantify that based on an opportunity cost method, but to do so would probably render the cost much higher and, at the end of the day, maybe there’s no other way you’d rather spend your spare time than tinkering with this, er, egg shaped “winery” and so I decided it’s a moot point.
Worth it? So, now that it’s (somewhat) affordable (perhaps more so if you drink $50 bottles of wine on a regular basis) to produce your own wine, do you think it’s worth it? Meaning, do you actually want to make your own wine at home in this … egg? The beat about this thing is that some pretty illustrious winemaking types contributed to its development, and there’s also word out that some of these same winemakers will be on-call so to speak to consult with at-home winemakers following the product’s summer 2006 launch.
And, for those of you tech geeks out there who are wondering just how the thing works, allow me to explain to the best of my ability: the thing comes with software called Wine Coach, which the makers are trumpeting as “the first interactive winemaking software ever developed.” You collaborate electronically with “real” winemakers who help you decide what to do with the Pod/egg , and when. They go on to say that the software is “like having your own personal consulting enologist wherever and whenever you like.”
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