Float’N’Grill Net Worth Shark Tank Update 2025

Jeremy Quillico and Mikey Bashawaty faced an easy issue. They loved their time spent in the water. Yet it’s hardly enjoyable to eat soggy sandwiches while boating. Their goal was to discover a more enjoyable technique to eat while relaxing. Thus Float ‘N’ Grill was born. It is a floating barbecue that allows users to enjoy meal preparation and dining outdoors without creating a mess. 

Those who enjoy being around or on boats are the target market for this product. Mikey and Jeremy presented their goods to the sharks during their Shark Tank Season 12 appearance. They requested $200,000 in return for 20% of their business. Will the entrepreneur get a deal on Shark Tank? Check out our Float’N’Grill update to find out!

float’N’Grill Net Worth Shark Tank Update 2025

Mikey Bashawaty and Jeremy Quillico asked for a $200k investment in exchange for 20% equity in their company. This meant they valued their company at $1 million. They made a deal with Daniel Lubetzky for $100k in exchange for 22.5% of their company, plus a $100k loan at a 7% interest rate. This new deal valued their company at $444,444. After the show aired, Float ‘N’ Grill saw a big increase in website traffic, sales, and social media exposure. However, the company eventually ceased operations. The current net worth of Float ‘N’ Grill is $0.

Daniel Lubetzky accepted the deal that Mikey and Jeremy made. They believed that by doing this more individuals would be exposed to their product. Things appeared to be going nicely at first. Major grilling firms took notice of their product. Sales began to flow in. They even made appearances on major platforms such as The Today Show. 

People were discussing their product, which was available on Amazon. After that though things slowed down. The company eventually stopped operations. Their website was no longer accessible, and their social media accounts disappeared. Float ‘N’ Grill is closed as of 2024. The company’s exposure has decreased, and the product is no longer offered for purchase.

Jeremy and Mikey secured a deal on Shark Tank. Their offer came from Daniel Lubetzky. He made a $100,000 bid for 22.5% of the business. He also proposed a $100,000 loan with an interest rate of 7%. This was not what the founders had requested. But they were happy with the arrangement. 

They thought Daniel could be an asset to their business. The other Sharks did not make any bids. However, Daniel recognized the potential of the product and had faith in it. His proposition was accepted by Mikey and Jeremy. Excited about what was ahead, they departed from the Shark Tank.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daniel Lubetzky	$200,000 for 50% equity	#1 $100k + $100k as a loan for a 20% stake + a royalty of 2$ per unit sold until the loan is repaid #2 $100k + $100k as a loan for a 22.5% stake + 50% of any licensing deals .	Yes to 2rd Offer
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Float’N’Grill Shark Tank pitch

Mikey Bashawaty loves spending time on the water. He frequently went boating with his friend Jeremy Quillico. But there was one issue. It was not enjoyable to eat soggy sandwiches while on the boat. Mikey reasoned that there had to be a better way to eat on a boat. The concept for Float ‘N’ Grill originated with him. Making a grill that floats on water was his goal. They could enjoy their time on the lake and cook fresh food in this way. 

Mikey told Jeremy about his concept. They got to work on the product together. However, it was not a simple task to create the grill. They experienced numerous difficulties. Getting funding to build the product was one of the main issues. They tried to use a Kickstarter campaign to raise funds.

However, the campaign was a failure. They barely pulled in over $1,000. This fell well short of their aim. Jeremy and Mikey continued though. They continued refining their concept. They eventually produced a functional floating grill.

Mikey and Jeremy were prepared to showcase their goods when they visited Shark Tank. They gave the Sharks Float ‘N’ Grill. A grill that floats on water is the product. They clarified that it was made for those who enjoy being on the water. People wouldn’t need to return to shore in order to cook and consume fresh food. Mikey and Jeremy thought that their idea was perfect for boaters. 

They informed the Sharks that they wanted $200,000 for a 20 percent stake in their business. However, the Sharks were worried. Mikey and Jeremy’s sales total was a mere $20,000. The Sharks were concerned because this was a low number. However, the founders thought there was some potential for their product. They explained that they were just starting out and needed help to grow.

The Sharks questioned Float ‘N’ Grill in great detail. They were curious to find out more about the grill’s functioning. They were also curious as to who would purchase it. Kevin O’Leary doubted that the product would find much of a market. He expressed his belief that a floating barbecue would not be of concern to the citizens of the sandbar settlement. 

The low sales figures concerned the other Sharks. Jeremy and Mikey attempted to clarify. Their product was still new, they claimed. They thought they might boost sales with the correct assistance. The Sharks were unconvinced. They were curious about who would purchase the grill and how the business would expand.

Making an offer did not appeal to most of the Sharks. Robert Herjavec, Lori Greiner, and Mark Cuban all chose not to make investments. They were concerned about the grill’s potential market as well as the low sales. Kevin O’Leary made the same decision to decline an offer. But Daniel Lubetzky a guest shark noticed something else. He was pleased with the product and thought it had promise. 

Daniel presented an idea. He made an offer of $100,000 for 22.5% of the business. Furthermore, he disclosed a $100,000 loan with a 7% APR. This arrangement pleased both Mikey and Jeremy. Daniel’s proposition was accepted by them. Daniel was their partner when they exited the Shark Tank. They felt that this agreement would enable them to expand their company.

What Went Wrong With Float’N’Grill  On Shark Tank?

The Sharks’ main issue with Float ‘N’ Grill was its poor sales performance. Only $20,000 had been made in sales by Mikey and Jeremy when they appeared on Shark Tank. For the majority of the Sharks, this was a major red sign. They were concerned that the product was not in sufficient demand. The most open about this was Kevin O’Leary. 

He didn’t believe that enough people would be interested in purchasing a floating grill. He remarked that the product would not be of interest to the sandbar community. The other Sharks concurred. They chose not to invest for this reason. The only other Shark who had faith in the product was Daniel Lubetzky. He believed it had potential. He thought it had potential.

Product Availability

The Float ‘N’ Grill is an exclusive item. It is a water-floating grill. For those who enjoy being by the sea or on boats, this makes it ideal. The barbecue is secure and solid. Cooking is made possible without having to worry about the barbecue toppling over. The grill was available for purchase on Amazon and other websites. The cost of it was $229. 

Free delivery was also provided to customers with their orders. However, Float ‘N’ Grill is no longer in stock as of 2024. Both the goods and the company’s website are no longer available for purchase. The floating grill is no longer for sale as the company has closed. The business failed despite its early success.

Conclusion

Float ‘N’ Grill was a great concept. Mikey and Jeremy set out to develop a product that would facilitate eating while boating. The Sharks were attracted to their unique floating grill. They were optimistic about the future after striking an agreement with Daniel Lubetzky. However the business had difficulties even with its early success. 

Float ‘N’ Grill is no longer in operation as of 2024. The company has vanished and the product is no longer for sale. The experience Mikey and Jeremy had with Float ‘N’ Grill demonstrates that successful sales are necessary for even great ideas. Although the floating grill was an unusual idea it was insufficient to sustain the business.