Summer grilling is a lot of fun, but as anyone who has used traditional charcoal knows, it’s frequently more trouble than it’s worth. Conventional charcoal is untidy, difficult to fire, and does not always burn evenly. When all they want is to relax and have a great barbecue with friends and family, this frustrates individuals.
Oron and Riki Franco took action after realizing how prevalent this issue was. They used repurposed sawdust to make Prime 6 a more effective and environmentally friendly charcoal. Grillers can unwind more while cooking with their product, which burns cleaner and longer than conventional charcoal because it is formed like hexagonal logs.
On Shark Tank, Oron and Riki introduced their business and requested $200,000 from the sharks for 10% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Prime 6 update to find out!
prime 6 Net Worth Shark Tank Update 2025
Oron and Riki Franco asked for a $200k investment in exchange for 10% equity in their company. This meant they valued their company at $2 million. They made a deal with Kevin O’Leary for $200k in exchange for 25% of their company. This new deal valued their company at $800,000. After the show aired, Prime 6 saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Prime 6 is about $1.17 million.
After Shark Tank, Prime 6 kept expanding and doing well. The company’s revenues in the first three months after the show aired reached an incredible $1.3 million. Big-box retailers and barbecue aficionados alike took notice of their environmentally friendly charcoal.
With its extended reach, Prime 6 may now be found at over 5,000 retailers, including well-known brands like Safeway and Kroger. Prime 6 is now widely available thanks to its extensive retail rollout and its web presence.
The company’s founders additionally added fire starters and several kinds of grilled logs to their product lineup. Oron and Riki planted over 20,000 trees as part of their ongoing commitment to giving back, despite their financial success. Prime 6 is still operating as of today, with an estimated net worth of $2.5 million, proving that their eco-friendly grilling solution is here to stay.
It’s true that Prime 6 closed a transaction on Shark Tank. Daymond John and Kevin O’Leary expressed an interest in making investments in the business. Each of them offered $200,000 for 25% stock, which was more than the 10% initial request. Oron and Riki evaluated the two offers and chose Kevin O’Leary since his “Chef Wonderful” portfolio included prior expertise with comparable items. Kevin joined Prime 6’s adventure after the $200,000 for 25% equity arrangement was completed.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Kevin O’Leary | $200,000 for 25% equity | $200,000 for 20% of equity stake | Yes |
| Lori Greiner | Out | N/A | N/A |
| Blake Mycoskie | Out | N/A | N/A |
| Daymond John | $200,000 for 25% equity | N/A | Noo |
| Mark Cuban | Out | N/A | N/A |
Prime 6 Shark Tank pitch
When Oron and Riki Franco saw how wasteful and inefficient traditional charcoal could be, they were motivated to establish Prime 6. Using their background in the food and beverage sector, they set out to create a grilling solution that was both more ecologically friendly and cleaner. They recognized a great potential to produce reusable, long-lasting charcoal that would simplify grilling for anyone by utilizing recycled sawdust.
They did not, however, travel without difficulties. They first had to figure out how to create their product in large quantities without sacrificing its excellent quality. Being a new business, another challenge was spreading the word and winning over customers. Despite these challenges, they produced $300,000 in revenue in just 12 months.
Oron and Riki positioned Prime 6 as an environmentally friendly and more effective substitute for conventional charcoal during their Shark Tank pitch. They clarified that Prime 6 burns for up to eight hours, producing no ash, and is composed of compressed sawdust. In addition, the creators emphasized the product’s reusability, appealing to both grill fans seeking a cleaner alternative and environmentalists.
Their strategy was straightforward: they spent $3.39 to produce a nine-pound box of Prime 6 that they then marketed for $18.99. They had just gotten a $130,000 purchase order from Lowe’s, which gave their product more legitimacy and caught the Sharks’ attention at the time of their pitch.
Regarding the product and its possibilities, every shark had their own inquiries:
Kevin O’Leary wanted to know how Prime 6 differed from other environmentally friendly charcoal choices and the competition. The founders responded it costs half of the ordinary charcoal.
Mark Cuban questioned the price and the cost of the product. The founders revealed that a nine-pound bag of charcoal retail price is $18.99, but it is equal to 30 pounds of charcoal. It costs $3.39 to make it, and its wholesale price is around $11.
Blake questioned about the patent. The founders replied that they had applied for provisional and design patents. They also have a patent pending on the packaging as well.
Kevin asked how much time it burns. Oran replied that depending on the sizes it can burn from 4 to 8 hours.
Mark Cuban further questioned the sales. The founders revealed they launched 12 months ago and did over $300,000 in sales and they were profitable.
Mark Cuban questioned Prime 6’s profitability given its high production costs and the margins. Oron told him that profitability would rise and production costs would drop as the business expanded.
The first shark to make an offer was Kevin O’Leary, who said he liked the product and saw promise in its lengthy burn time and sustainability. Noting that he already had experience in the grilling business with his “Chef Wonderful” products, he offered $200,000 for 25% stock.
Daymond John made the same offer shortly after, but Oron and Riki ultimately worked with Kevin because of his experience and current product range.
Blake Mycoskie, Mark Cuban, and Lori Greiner thought the idea was clever, but they didn’t think it would work well in their portfolios.
Product Availability
Within the grilling community, Prime 6 is a special product. Because of its compacted sawdust construction and hexagonal form, which enables a longer burn life of up to 8 hours, cleanup is a breeze.
Both on their website Prime 6 and on well-known e-commerce sites like Amazon, Prime 6 products are offered. They are easily accessible to clients throughout the United States because over 5,000 retailers, such as Safeway and Kroger, carry them. For $18.99, a nine-pound box provides an affordable and environmentally responsible grilling solution.
Conclusion
The adventure of Prime 6 on Shark Tank was just getting started. Since its debut, the company has expanded its product line and entered thousands of outlets, demonstrating its enormous growth. Customers have responded well to their dedication to sustainability and innovation, which has helped them achieve remarkable sales results.
Prime 6 is expected to experience even greater growth in the future because of Kevin O’Leary’s backing and its growing retail footprint. In the future, the creators probably won’t stop inventing; they might even branch out into new grilling goods or outdoor cooking equipment.
Their success shows that even a crowded market can be overcome with the right product and perseverance. One of the best examples of how sustainable solutions may cause significant corporate success is Prime 6.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
