Prime 6, sawdust briquettes business, was started by Riki Franco and Oren Franco in September 2018. As of September 2023, Prime 6 net worth is $2.5 million and they’re pulling in a whopping $1.3 million in annual revenue.
In November 2021, they appeared on season 12 of Shark Tank USA and made a deal with Kevin O’Leary, for $200,000 for 25% of equity. The final valuation was $800,000, down from the founder’s initial estimate of $2 million.
In 2023, Prime 6 is still in business. Since appearing on Shark Tank, Prime 6 has expanded its product line to include fire starters and various log options. They are also available in many retail and online markets, including Dierbergs, Walmart, etc. Now you can purchase products online from theri official website as well.
Prime6 Net Worth
|Net worth||$2.5 million (2023)|
|Annual Sales Revenue||$1.3 million (2023)|
|Profits||Not publicly available|
|Lifetime sales||Not publicly available|
|Founder||Riki Franco and Oren Franco|
Don’t miss these product from Season 12
Prime6 Net Worth Timeline
|Net Worth 2023||$2.5 million|
|Net Worth 2022||$2.5 million|
|Net worth valuation 2021 after appearing on Shark Tank||$800,000|
|Net worth valuation 2021 before appearing on Shark Tank||$2 million|
Prime6 Pitch on Shark Tank
|Product||eco-friendly, reusable, sawdust briquettes|
|Episode||Season 12 Episode 06|
|Founders||Riki Franco and Oren Franco|
|Asked for||$200,000 for 10% Equity|
|Final deal||$200,000 for 25% Equity|
|Location||New York, United States|
Prime6 was founded by Riki Franco and Oren Franco in 2018. Oron Franco is the Founder and CEO of Prime 6. He is a chef and entrepreneur with over 20 years of experience in the food industry. And Riki Franco is the Co-Founder and COO of Prime 6. She is a finance professional with over 10 years of experience in the corporate world. Prime6’s founders, Riki Franco and Oren Franco, have a net worth of $1.7 million as of 2023.
|2021||Appeared on Shark Tank season 12 and Kevin O’Leary invested $200,000 for 25% Equity|
|2021||Launched in over 5,000 new stores, including Kroger and Safeway|
|2023||Nominated for the Fast Company World Changing Ideas Award.|
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Prime6 and its continued success.