Pizza making at home might be difficult. Many individuals discover that pizza from a pizzeria tastes better than pizza prepared in a conventional oven. The Bertello founders, Andy and Eric Burt, recognized this issue. Their goal was to develop a pizza oven that could replicate the flavor of pizza from an Italian eatery. The Bertello pizza oven was created to attain temperatures above 900°F.
The oven’s higher temperature enables the creation of true Neapolitan-style pizza. They can fuel their oven with wood, propane, charcoal, or pellets. They went to “Shark Tank” with their product in the hopes of winning $120,000 for a 10% share in their business. The episode featured their pitch and the investors’ responses to it. Will the entrepreneur get a deal on Shark Tank? Check out Bertello’s update to find out!
Bertello net worth 2024
Andy and Eric Burt asked for a $120k investment in exchange for 10% equity in their company, Bertello. This meant they valued their company at $1.2 million. They made a deal with Robert Herjavec for $150k in exchange for 30% of their company. This new deal valued their company at $500,000. After the show aired, Bertello saw a significant increase in demand, retail presence, and sales. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Bertello in 2024 is about $740,000.
Bertello Shark Tank Update
During his time on “Shark Tank,” Bertello’s career took off. The firm continued and witnessed a rise in demand for its goods. They have increased their online and retail presence while keeping up their pizza oven sales. Bertello is still going strong and well-liked by pizza lovers in 2024. The business has expanded its clientele and raised sales by building on the exposure it received from “Shark Tank”. Their ovens are sold at shops and on a number of internet retailers.
Bertello did, in fact, land a gig on “Shark Tank.” At first, the business owners wanted $120,000 for a 10% share in their venture. There were two offers they got throughout the show. A 25% share was given by one investor for $120,000. A chef who was one of the investors made a higher bid but demanded a 30% share. After negotiating, the business owners accepted the culinary investor’s offer. They selected the chef investor because he immediately made an offer and showed his belief in the product.
| Sharks names | Offer & Demand | Counter Offer | Accepted |
| Barbara Corcoran | $120,000 for 25% equity | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | $150,000 for 30% equity | #1 $150,000 for 25% equity #2 $150,000 for 20% equity | Yes to the first offer |
| Daymond John | Out | N/A | N/A |
Bertello Shark Tank Pitch
Their passion for pizza served as motivation for Andy and Eric Burt. Their goal was to enable people to prepare pizza at home that rivaled the quality of that found in a professional pizzeria. Andy was formerly a structural engineer. He had experience with big tasks like designing bridges.
Eric was a former finance and trade professional. They made the decision to create their own pizza oven together. They had to deal with issues including funding their initiative and meeting demand. They were committed to their product and worked hard to see it through to success in spite of these challenges.
The founders presented their ovens on the show. they emphasized how it can cook pizza in under two minutes and work with both wood and gas as fuels. They described how they were able to achieve temperatures in their oven that were higher than 900°F, which is necessary to make authentic pizza.
They also talked about the selling price and manufacturing costs as part of their business plan. The founders offered a 10% share in their business in exchange for $120,000.Keep reading our Bertello update to find out what happened next!
With regard to the Bertello pizza oven, the Sharks had a few inquiries. They asked about how Bertello would differentiate itself from the competition in the market. A few Sharks expressed concerns regarding the degree of competition and the unique selling point of the product.
In addition, they were curious about the product’s performance in comparison to other pizza ovens and its fuel alternatives. The inventors clarified that what distinguished their oven from rivals was its special capacity to use both gas and wood at the same time.
The Sharks’ opinions of Bertello’s pitch were divided. Barbara Corcoran voiced reservations over the founders’ excitement and amount of energy. Their enthusiasm didn’t seem genuine to her. How Bertello would compete in a competitive market was a concern raised by other investors. Two investors made offers in spite of these reservations.
The second investor, a chef, offered more money but only for a 30% ownership, whereas the first investor paid $120,000 for a 25% stake. Because of their confidence in the chef’s zeal and commitment to the product, the founders accepted his offer.
What Went Wrong With Bertello On Shark Tank?
Bertello’s pitch was hindered primarily by worries about the founder’s energy and the product’s competitiveness in the market. The founders’ enthusiasm struck some Sharks as artificial and unauthentic. Furthermore, investors believed that the pizza oven industry was crowded and were uncertain about Bertello’s unique selling proposition. Some Sharks were hesitant to invest because of these reasons.
Product Availability
In our Bertello update research, the Bertello pizza oven is intended for residential use. It may run on a variety of fuels, including pellets, charcoal, propane, and wood. It is practical and adaptable for a variety of cooking methods thanks to its adaptability.
Efficient heating and rapid temperature rise make it possible to make pizza at home restaurant grade. The Bertello pizza oven is available for purchase online at their website or in a number of physical locations. It costs approximately $250. Further information about the product and where to purchase it may be found on the company’s website.
Conclusion
The experience Bertello had on “Shark Tank” was a mixture of challenges and excitement. The business owners were able to expand due to a deal they struck with a chef investor. The Sharks expressed some reservations, but Bertello has persevered in growing and establishing itself in the market. The business is still going well as of right now, and its merchandise can be found both online and in physical stores. Pizza lovers should anticipate additional upgrades and possibly even some new products from Bertello.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
