Float ‘N’ Grill, founded by Michigan entrepreneurs Mike Bashawaty and Jeremy Quillico, introduced a floating propane grill for water enthusiasts.
In 2021, they appeared on Shark Tank, securing a deal with Daniel Lubetzky: $100,000 for 22.5% equity, a $100,000 loan at 7% interest, and 50% of licensing deals.
Despite initial success and increased visibility, the company faced challenges, including patent issues, leading to its closure.
As of 2025, Float ‘N’ Grill is out of business, with its website and social media accounts inactive, and products unavailable for purchase.
FloatNGrill Net Worth
Net worth | $1.2 million (2022) |
Annual Sales Revenue | $1.2 million (2022) |
Lifetime sales | $19,400 (2020) |
Investor | Daniel Lubetzky |
Founders | Mikey Bashawaty and Jeremy Quillico |
Employees | Not available |
FloatNGrill Pitch on Shark Tank
Company name | FloatNGrill |
Product | A portable floating propane grill for seaside parties |
Episode | Season 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 |
Shark | Daniel Lubetzky |
Location | Detroit, 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 2025; since the business is no longer functioning.
Key accomplishments
Year | Accomplishment |
2019 | FloatNGrill was featured at the Detroit Boat Show. |
2021 | FloatNGrill 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.