Float 'N' Grill Shark Tank Update

Float 'N' Grill Shark Tank Pitch

Mikey Bashawaty and Jeremy Quillico appeared on Shark Tank Season 12, Episode 24, which aired on May 14, 2021, with portable grill that floats on water for sea parties.

Float 'N' Grill is listed in the Fitness Outdoors category. In plain terms, the business is described as portable grill that floats on water for sea parties.

Float 'N' Grill asked the Sharks for $200,000 for 20%, implying a valuation of about $1 million.

On the show, Float 'N' Grill made a listed deal for $100,000 + $100,000 loan for 22.5% equity + 50% of licensing deals.

If treated as straight equity, the listed deal works out to about $444,444.444 implied valuation, down from the original $1 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Float 'N' Grill After Shark Tank

Float 'N' Grill accepted an on-air Shark Tank deal for $100,000 + $100,000 loan for 22.5% equity + 50% of licensing deals. The on-air deal closed. The business continued after the episode. (Float N Grill Shark Tank Update

Float 'N' Grill was reported at about $1.2 million in sales. (Float N Grill Shark Tank Update

Products from Float 'N' Grill are available for pre-order on Float 'N' Grill's website and "currently unavailable" on Amazon. (Float N Grill Shark Tank Update

As of August 2022, the licensing deal with the "major company" has not closed. (Float N Grill Shark Tank Update

In December 2021, the grills were featured in the Rolling Stone holiday gift guide. (Float N Grill Shark Tank Update

Float 'N' Grill now uses floatngrill.com as its customer-facing site. (Float 'N' Grill website

Sources

Sources used for this page: Shark Tank API pitches