FloatNGrill Net Worth 2023 Update (Before & After Shark Tank)

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GAG Team

FloatNGrill is a portable floating propane grill for seaside parties. This was started by Mikey Bashawaty and Jeremy Quillico in 2017. FloatNGrill’s net worth was $888,888 in 2021, based on the Shark Tank deal.

In 2021 they appeared on Season 12 of Shark Tank USA and made a deal with Daniel Lubetzky, $100,000 + $100,000 loan for 22.5% equity + 7% plus 50% of licensing deals.

The exposure FloatNGrill gained from Shark Tank allowed the company to enhance sales. However, as of December 2023, the status of FloatNGrill remains problematic. The founders’ LinkedIn profiles indicate that FloatNGrill is still in business. But, the company no longer has a functioning website and social media handles, and the product is unavailable on Amazon. Therefore, it appears to be that FloatNGrill is no longer available in the market. 

FloatNGrill Net Worth

Net worth$1.2 million (2022)
Annual Sales Revenue$1.2 million (2022)
Profits
Lifetime sales$19,400 (2020)
InvestorDaniel Lubetzky
FoundersMikey Bashawaty and Jeremy Quillico
Employees

FloatNGrill Net Worth Timeline

Net Worth 2023Out of business
Net Worth 2022$1.2 million
Net worth valuation in 2021 after appearing on Shark Tank  $888,888
Net worth valuation in 2021 before appearing on Shark Tank  $1 million

FloatNGrill Pitch on Shark Tank

Company nameFloatNGrill
ProductA portable floating propane grill for seaside parties
EpisodeSeason 12 Episode 24
Founders Mikey Bashawaty and Jeremy Quillico
Asked for$200,000 for 20% equity
Final deal$100,000 + $100,000 loan for 22.5% equity + 7% plus 50% of licensing deals
SharkDaniel Lubetzky
LocationDetroit, Michigan

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FloatNGrill Founders

FloatNGrill was founded by Mikey Bashawaty and Jeremy Quillico in 2017. Mikey has an academic background in Mechanical Engineering and professional experience in Seasoned Diesel Technology. Jeremy comes from an educational background where he studied cybersecurity as his major. Before starting FloatNGrill with Mikey, Jeremy worked as a Senior Systems Administrator at Eastern Michigan University. FloatNGrill’s founders, Mikey Bashawaty and Jeremy Quillico’s net worths are unknown as of 2023.

Key accomplishments

YearAccomplishment
2019FloatNGrill was featured at the Detroit Boat Show.
2021FloatNGrill was featured in Shark Tank and secured a deal.

Conclusion

Some companies that appear on the show have not achieved great success, and the FloatNGrill was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However,  FloatNGrill appears to be out of business in 2023. And the product is no longer available in the market.