Float ‘N’ Grill Shark Tank Net Worth

Float ‘N’ Grill is an innovative product featured on Season 12 of the popular TV show Shark Tank. Created by entrepreneurs Mike Bashawaty and Jeremy Quillico, the product is a grill designed to be used on water.

Float ‘N’ Grill is a unique concept for outdoor enthusiasts and barbeque lovers, especially those who enjoy boating, lakeside outings, or poolside gatherings. The Float ‘N’ Grill lets people cook their favorite barbeque and grilling recipes on the water.

The Float ‘N’ Grill’s design allows it to float on water, creating a unique and convenient grilling experience. This makes it an excellent choice for boating or poolside cookouts.

Float ‘N’ Grill is a novel concept that aims to blend the joy of grilling with water-based activities.

Company NameFloat ‘N’ Grill
EntrepreneurMikey Bashawaty and Jeremy Quillico
ProductFloating grill for seaside parties
Investment Asking For$200k for 20% equity in Float ‘N’ Grill
Final Deal$100k + $100k loan for 22.5% equity in Float ‘N’ Grill + 7% plus 50% of licensing deals
SharkDaniel Lubetzky
Episode Season 12, Episode 24
Business StatusOut of Business
WebsiteVisit Website
Net Worth$0

What Is Float ‘N’ Grill?

Float ‘N’ Grill is an innovative product revolutionizing beach and lake day cookouts. A floating grill allows you to enjoy delicious barbecues while still in the water. The Float ‘N’ Grill measures 9 pounds and is 35.5 inches long by 26.5 inches wide by 6.5 inches tall, making it compact and portable.

Float ‘N’ Grill is designed to float effortlessly on water, allowing you to cook your favorite barbecue dishes without leaving the refreshing water. The Float ‘N’ Grill is made from high-quality materials that ensure durability and longevity.

Float ‘N’ Grill is equipped with a powerful grill burner that provides even heat distribution for perfectly cooked meals every time. It features a convenient ignition system for quick and easy start-up, eliminating the need for matches or lighters.

The Float ‘N’ Grill also includes a spacious cooking surface, allowing you to grill multiple items simultaneously. This floating grill can cook burgers, hot dogs, or vegetables. It even has a built-in lid to help retain heat and enhance the flavors of your dishes.

Float 'N' Grill Shark Tank Update | Float 'N' Grill Net Worth

Not only does the Float ‘N’ Grill provide an exciting and unique way to barbecue, but it also offers convenience. Its compact and portable design lets you easily transport it to any beach or lake, ensuring you can enjoy a floating cookout.

It is made from high-quality materials that resist heat and rust, ensuring durability and longevity. This grill is designed to be used on inland lakes and sandbars, and it is specifically engineered to withstand waves without flipping over.

The founders of Float ‘N’ Grill, Mikey Bashawaty and Jeremy Quillico, came up with the idea in 2016 and introduced it to the United States market, making it the first of its kind.

Float ‘N’ Grill is available in red or blue and can be purchased on Amazon. The Float ‘N’ Grill is the perfect outdoor cooking companion, whether at the beach or having a lake party.

Who Is The Founder Of Float ‘N’ Grill?

Float ‘N’ Grill is the brainchild of two entrepreneurs, Mike Bashawaty and Jeremy Quillico. Mike Bashawaty, the founder and CEO, is a seasoned Diesel Technology and Mechanical Engineering professional.

He operates a diesel shop and is a passionate sea enthusiast who enjoys fishing and spending leisurely time on the water. On the other hand, Jeremy Quillico, the company’s co-founder, has a B.S. in Cyber Security.

He has been a Senior Systems Administrator for a manufacturing plant after graduating from Eastern Michigan University, and he also spent three years working as a Systems Administrator for THK Manufacturing of America.

The idea for Float ‘N’ Grill originated from a problem Mike faced during his trips to the local lake’s sandbar on his 16ft jet boat. Due to the boat’s small size, carrying essential items, particularly a grill, was challenging.

The lack of food options also hampered the enjoyment of his day trips on the lake. To address this, Mike designed a rudimentary, floating grill, which piqued the interest of his friends, including Jeremy.

Int intrigued by the invention, Jeremy searched online but found no similar product. Realizing its potential, Mike and Jeremy decided to develop this unique concept further.

They went through various iterations, building many prototypes of PVC pipe and fiberglass, before discovering a plastic that could keep the grill afloat.

Before appearing on Shark Tank, the duo raised $130,000 in two seed rounds in 2018 and began promoting the product at boat and outdoor shows in Alaska and Hawaii.

In 2019, they attended the Detroit Boat Show, gaining further exposure to the product. Thus, Float ‘N’ Grill came into existence as a solution to a common problem faced by boating enthusiasts and gradually started making its mark in the market.

How Was The Shark Tank Pitch Of Float ‘N’ Grill?

Mikey Bashawaty and Jeremy Quillico, the founders of Float ‘N’ Grill, presented their unique product on Shark Tank, seeking an investment of $200,000 in exchange for a 20% equity stake in their business, valuing Float ‘N’ Grill at $1 million.

The premise of Float ‘N’ Grill is straightforward: a grill that floats on water. But the founders discovered the hard way that turning this concept into reality was more complicated than anticipated.

Their journey was initially rocky, with their Kickstarter campaign falling significantly short of its $200,000 goal, raising less than $1,000. Despite this setback, the duo persisted, completed their final product, and launched it officially at the Detroit Boat Show in February 2019.

Despite the founders’ enthusiasm and the product’s innovative concept, the Sharks were initially unimpressed. The sales numbers they had achieved amounted to less than $20,000, which was significantly less than the Sharks would have liked.

Kevin O’Leary, in particular, was dismissive, stating, “Nobody in the sandbar community gives a poo poo about this thing.”

However, just when it seemed like the Float ‘N’ Grill founders would leave empty-handed, Daniel Lubetzky stepped in.

He saw potential in the product and offered to buy 50% of the company. He also mentioned his connections with the makers of Weber grills, hinting at possible future synergies.

After some back-and-forth negotiation, Lubetzky’s final offer consisted of a $100,000 investment for a 22.5% stake in the business, a $100,000 loan at 7% interest, and a 50% licensing deal. Bashawaty and Quillico accepted this offer.

Securing the deal with Lubetzky was a breakthrough for Float ‘N’ Grill. Post Shark Tank, they secured a deal with a major grilling company, and sales reportedly improved.

The positive feedback on their official website and subsequent appearances on shows and websites like The Guy Gordon Show and Today further suggest that the product has been doing well after their appearance on Shark Tank.

What Happened To Float ‘N’ Grill After Shark Tank?

After their successful pitch on Shark Tank, the journey for Float ‘N’ Grill took a positive turn. They accepted a deal from Daniel Lubetzky that included a $100,000 investment in exchange for 22.5% equity, a $100,000 loan at 7% interest, and a 50% licensing deal.

Following their appearance on the show, the founders revealed that the deal they secured significantly impacted their business. They secured a partnership with a major grilling company, which helped boost their sales.

The exposure from the show also led to more publicity, as the founders and their product appeared on shows and websites like The Guy Gordon Show and Today. 

On their official website, the Float ‘N’ Grill has received numerous five-star reviews, suggesting that customers are pleased with the product. 

Despite initial struggles with low sales and a failed Kickstarter campaign, the company seems to have rebounded and established a solid footing in the market post-Shark Tank.

However, the founders have kept a low profile on social media since December 2021, and there is not much information about their recent activities.

All these indications suggest that the Float ‘N’ Grill is still in business and that their Shark Tank experience helped give their innovative product the boost it needed.

Float ‘N’ Grill Shark Tank Update

Float ‘N’ Grill’s founders, Mikey Bashawaty and Jeremy Quillico, secured a deal with guest shark Daniel Lubetzky. The deal consisted of an initial investment of $100,000 for a 22.5% stake, a $100,000 loan at 7% interest, and a 50% licensing agreement.

Float ‘N’ Grill experienced viral popularity, but their sales at the time of their appearance on “Shark Tank” were only $19,000, which didn’t impress most of the sharks. Despite this, the founders were excited about working with Lubetzky and potential partnerships with major drilling companies.

The current status of Float ‘N’ Grill is uncertain. The Float ‘N’ Grill website still exists, but the grill can only be pre-ordered, and its social media accounts have been inactive for a while.

There have been delays in fulfilling orders, and it’s unclear if licensing deals are in progress. The concept remains unique as no similar products are found on the market.

Float 'N' Grill Shark Tank Update | Float 'N' Grill Net Worth

Float ‘N’ Grill secured funding and launched the product in 2019 after a failed Kickstarter campaign. The grills have received positive reviews, and the founders are currently working on designing accessories.

Float ‘N’ Grill is available in red and blue, priced at $299, and can be purchased from their website or Amazon. Float ‘N’ Grill faced challenges regarding sales and fulfillment after their appearance on “Shark Tank.”

Our research shows Float ‘N’ Grill is out of business. The company could not meet customer demands, ceased operating, and went out of business. 

What Is the Net Worth Of Float ‘N’ Grill?

According to our research, the net worth of Float ‘N’ Grill is estimated to be $0 since the company is out of business. The valuation of Float ‘N’ Grill was $1 million when it appeared on Shark Tank.

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