What Happened To Float N Grill After Shark Tank In 2022?

The Float N Grill is a portable grill that floats on water and is ideal for beach parties. It is quite simple to grill food in the water using this method. There is no need to bring too much-cooked food if you are going to the sea on a boat with this Protable grilling product.

This “portable grill that floats on water” allows you to catch and eat fish from the sea. This grill is portable and can be used anywhere.

This portable grilling product has three built-in cup holders, a removable grease trap, and two tow hooks. This product comes with 1x Floating base, 1x Propane grill, and 2x Support brackets with hardware.

It weighs 9 pounds, measures 35.5 inches long, and 26.5 inches wide, stands 6.5 inches tall, and is available in two colors: blue and red. This product is available on Amazon for $229 USD.

Short Bio

Company Name Float N Grill
Founder Mikey Bashawaty and Jeremy Quillico
Founded 2022
Product portable grill that floats on water for sea parties
Asked For $200,000 for 20% equity
Final Deal $100,000 + $100,000 loan for 22.5% equity + 7% plus 50% of licensing deals
Shark Daniel Lubetzky
Episode (Shark Tank USA) Season 12 Episode 24
Air Date May 14, 2022
Business Status In Business
Net Worth $1 Million *estimated
Website Visit Website
Headquarters Detroit, Michigan, US

The Founder Of Float N Grill

Mike Bashawaty, the founder and CEO of Float N Grill, is the world’s first Floating Grill. Mike runs his own diesel shop and has studied Diesel Technology and Mechanical Engineering. Mike enjoys fishing and relaxing by the sea.

Jeremy Quillico, the company’s co-founder, holds a B.S. in Cyber Security and works as a Senior Systems Administrator for a manufacturing plant at Eastern Michigan University. He worked as a Systems Administrator for THK Manufacturing of America for three years after finishing his studies.

He began working as a Systems Administrator for the Michigan Senate in 2022. He is currently employed by Float’N’Grill LLC on a part-time basis.

float n grill net worth

Float N Grill Before Shark Tank

Mike decided to buy a boat before the wedding. He bought a 16-foot jet boat; it wasn’t a fancy boat, but it got him to the local lake’s sandbar.

Mike and his friend realize after several trips that they must return to the local lake’s sandbar for food. He couldn’t spend a good day on the boat inside the lake because he didn’t have many food options.

As a result, Mike one day created a crude, floating grill, which surprised all of his friends. This prompted Jeremy to look for this floating grill-like grill online, but he couldn’t find it.

He began by creating numerous prototypes out of PVC pipe and fiberglass. He eventually discovered a plastic that could keep the grill afloat.

Jeremy and Mike have decided to expand the distribution of this product. He raised $130K in two rounds on different dates in 2018. The seed round in March 2018 raised $70K, and the seed round in June 2022 raised $60K.

Mike and Jeremy began promoting this product at Alaska and Hawaii boat and outdoor shows. He attended the Detroit Boat Show in 2022.

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 Float N Grill After Shark Tank

Float N Grill landed a deal on Shark Tank, and Daniels became a partner in the company. There was a lot of negotiating between the entrepreneur and Daniels during this pitch, and then the deal was finalized.

Because this is the first such floating grill product on the market, good marketing is required to grow the business. This grill will be preferred by those who enjoy the sea and fishing.

On May 29, 2022, this company shipped thousands of orders to customers from its warehouse. Mike also posted about the product manufacturing process on Instagram.

On June 20, 2022, this product will be available on Amazon and the online home store Wayfair.

The Float N Grill was featured in the popular US magazine Rolling Stone in December 2022, as well as Us Weekly Magazine.

Entrepreneurs will work on this product’s accessories in the coming months. To grow this business, a good marketing strategy and funding are currently required.

The Shark Tank Pitch Of Float N Grill

Mikey Bashawaty and Jeremy Quillico appeared on Shark Tank with a Float N Grill and asked for $200,000 in exchange for 20% equity. They told Shark about their company’s history. They reported that their video of a portable floating grill had gone viral.

They used to manufacture this product for $126.88 and sell it for $229. In 2020, their total sales will be $19,400. This sale did not go well with Shark, and it did not go well with Kevin.

All of the sharks have left this business, but Daniel remains interested. Daniels offered $200,000 for 50% equity, but Mike countered with a $100,000 loan at 7% interest, $100,000 for 20% equity, and a $2 per unit royalty until the loan is paid back.

Daniel countered with another $100,000 + $100,000 loan for 22.5% equity + 7% plus 50% of licensing deals. Mike and Jeremy accepted this offer.

Float N Grill is Still In Business

There isn’t much information available about the Float N Grill right now. This company’s marketing information is also not well known.

Since December 2021, this company’s official Instagram account has been inactive. The remaining social media platforms are also inactive.

The entrepreneur is currently operating his grill business on a part-time basis. On Amazon, this product is marked as “Currently Unavailable.”

September 20, 2022, It is now available for pre-order on the product’s official website. (If you order now, you will receive the product once it becomes available.)

This company’s headquarters are currently located in Detroit, Michigan, in the United States. This company employs 1 to 10 people.

Yes, Float N Grill is still open in September 2022.

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Float N Grill Shark Tank Update

Float N Grill’s Shark Tank episode went well, and the company received an investment from Shark Daniels. So far, no evidence has been received as to whether Daniel has completed this transaction or not.

The lifetime sales of Float’N’Grill LLC Company are $1.2 million. There isn’t much information about this business available right now.

float n grill net worth

Float ‘N’ Grill’s Net Worth

Mikey and Jeremy haven’t given us their exact sales figures, but we can make an educated guess based on what we know.

So far, we believe Float ‘N’ Grill’s net worth is around $1 million, but this could change in the future. However, it’s clear that Float ‘N’ Grill has come a long way since its humble Kickstarter beginnings.

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Frequently Asked Questions

Did Float ‘N’ Grill get a deal?

Yes, Float ‘N’ Grill got a deal with Daniel Lubetzky on Shark Tank. His final deal was $100,000 for 22.50% equity & $100,000 loan at a seven percent interest rate, plus 50% of all the licensing deals Float ‘N’ Grill does.

Float ‘N’ Grill managed to not only get funding from Shark Tank but also a potential deal with one of the biggest grill companies in the world – Weber!

Who founded Float ‘N’ Grill?

Mikey Bashawaty and Jeremy Quillico came up with the idea of a floating grill. Mikey loved to spend his weekends in his boat and he wanted to eat something better than just hot dogs. So he and his friend decided to create a floating grill that could be used in the pool, lake, or ocean.

How is Float ‘N’ Grill Doing?

As with most of the businesses that appear on Shark Tank, Float ‘N’ Grill has seen an increase in sales and exposure. It’s still too early to tell how they will be doing in the long run but so far, they seem to be doing just well.

Conclusion

Float ‘N’ Grill appeared on the 24th episode of Shark Tank’s 12th season, and they left with a deal. Mikey and Jeremy’s fortunes have improved since then.

The couple has been working hard to promote their product and grow their business. Float ‘N’ Grill now has a devoted following as a result of Shark Tank, with more and more people becoming aware of this unique product.

Even though the company is doing well, it is too early to tell whether Mikey and Jeremy will complete the deal they received from Daniel Lubetzky.

However, they are optimistic that they will be able to complete it soon and then move on to their next major project.

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