Float ‘N’ Grill Net Worth Shark Tank Update 2025 

Summer fun often means heading to the lake, soaking in the sun, and spending the whole day on the water. But there’s a problem that many boaters run into. After a few hours of swimming and relaxing, people start to get hungry. On a boat, food options are usually limited to soggy sandwiches or cold snacks from a cooler.

For people who want to enjoy a hot meal without leaving the water, there really wasn’t a good solution. That’s where two friends from Michigan came up with a new idea.

They decided to create a floating grill that could be used right on the water. Their invention was called Float ‘N’ Grill. They took it to Shark Tank in Season 12, hoping to turn their fun idea into a real business. They asked for $200,000 for 20% equity. The founders, Mikey Bashawaty and Jeremy Quillico, pitched their product and asked for an investment. They wanted help growing their brand. What happened next surprised many viewers.

Float ‘N’ Grill Net Worth Shark Tank Update 2025 

Mikey and Jeremy were looking for an investment of $200k in exchange for 20% equity in the company. At the time of the episode, they valued their company at $1 million. Mikey and Jeremy successfully secured a deal with Daniel Lubetzky for an investment of $200k for 22.5% equity, which included a $100k loan at 7% interest and 50% of future licensing deals. The investment adjusted the company’s net worth to around $444k. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Float ‘N’ Grill is around $0.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daniel Lubetzky	$200,000 for 50% equity $100,000 investment for 22.5% equity + $100,000 loan + 50% license deal	$100,000 loan at 7% interest + $100,000 for 20% + $2 per unit royalty until loan is repaid	Yes
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

Mikey Bashawaty and Jeremy Quillico Backstory + Their Initial Pitch 

Mikey Bashawaty and Jeremy Quillico were longtime friends who loved spending weekends on the water. But each time they went out, they faced the same issue: there was no easy way to enjoy grilled food while floating. Every trip meant soggy subs or cold snacks. That’s when Mikey had the idea to create a floating grill. He wanted a way to make hot burgers and grilled food while relaxing on the lake.

The two friends put their savings together and started building prototypes. It wasn’t easy. They tried launching a Kickstarter campaign, but it raised less than $1,000 out of their $200,000 goal. That failure didn’t stop them. They built the product anyway. Then one day in 2018, a video of their grill floating on the water went viral. It got over five million views on social media. That was the moment they knew they had something special.

By early 2019, they officially launched Float ‘N’ Grill at the Detroit Boat Show. They got some local media attention and even landed spots on TV. The product was priced at $229, and each unit cost them $126.88 to make. They offered free shipping to all customers. Sales, however, were slow. By the time they appeared on Shark Tank, they had made less than $20,000 in revenue. Still, they believed in their idea and hoped the Sharks would too.

Queries + Shark’s Responses, and Final Deal

When Mikey and Jeremy stood before the Sharks, they asked for $200,000 in exchange for 20% of their company. They shared their story, explained the idea, and showed how the grill worked. The Sharks were curious but also cautious.

Kevin O’Leary spoke up first. He was skeptical. He didn’t think people at the sandbar cared enough to use a grill. He questioned the need for such a product and said it didn’t solve a big enough problem. He said, “Nobody in the sandbar community gives a poo poo about this thing.” Kevin was out.

Lori Greiner followed. She liked the fun concept but didn’t see it becoming a big business. She said it was too niche and wouldn’t sell enough units. Lori decided not to invest and was out.

Robert Herjavec liked the creativity, but he was concerned about the low sales and high cost of production. He didn’t think the business was ready to scale, so he also backed out.

Mark Cuban stayed quiet during most of the pitch. In the end, he said the same thing: there wasn’t enough proof that people wanted this product. He believed it was more of a novelty item than a real business. He passed on the deal, too.

The guest Shark for the episode, Daniel Lubetzky, saw some potential. He said he was friends with the team at Weber, a major grill company. He offered $200,000 for 50% equity and said he could help land a licensing deal. Mikey and Jeremy weren’t ready to give up half of their company. They countered with a proposal of $100,000 as a loan at 7% interest, plus $100,000 for 20% equity, and a $2 royalty per unit until the loan was paid off.

Daniel declined their counteroffer. He didn’t want to deal with royalties. But he was still interested. He came back with a final offer: $100,000 in exchange for 22.5% equity, plus a $100,000 loan at 7% interest, and a 50% share of future licensing deals. Mikey and Jeremy agreed. They left the Tank with a deal and high hopes.

Product Availability

The Float ‘N’ Grill was a unique and creative product. It was a grill that floated on water and stayed upright even while waves moved underneath. It came with a stable base that kept the heat centered and the food secure. It had storage areas for grilling tools, and it was designed to be used safely on lakes, ponds, and even swimming pools.

The grill was sold directly from their website and later on Amazon. Customers who bought it gave mixed reviews. Some people loved the novelty and said it worked great on the lake. Others found it hard to clean or said it wasn’t worth the high price.

Unfortunately, as of today, the grill is no longer available. The website has been taken offline. Searches on Amazon and other marketplaces show no active listings. That means Float ‘N’ Grill is no longer being sold anywhere, online or offline.

What Happened To The Float ‘N’ Grill After Shark Tank?

After their appearance on Shark Tank, Mikey and Jeremy experienced a brief moment of success. The exposure helped them land interviews, and for a short time, sales increased. In an early interview, Mikey said working with Daniel Lubetzky had opened new doors. He mentioned a licensing deal with a major grill company and said they were excited about what was coming.

But something changed. By 2023, the company had quietly disappeared. Their social media posts stopped, their website went offline, and there were no updates from the founders. It’s unclear what happened to the licensing deal or the partnership with Daniel.

As of today, Float ‘N’ Grill is no longer in business. There are no recent updates from Mikey or Jeremy. The product is no longer available to buy. All signs point to the business shutting down quietly. While the idea was fun and had a moment of success, it could not sustain long-term growth.

Conclusion 

Float ‘N’ Grill started with a fun and creative idea. Two friends wanted to grill on the water, and they came up with a floating grill to solve that problem. Their invention got attention online, and they worked hard to turn it into a real business. On Shark Tank, they pitched their product and made a deal with guest shark Daniel Lubetzky. It seemed like the start of something great.

But despite the initial excitement, the business didn’t last. The product was expensive, the market was small, and sales couldn’t keep up. Eventually, the company disappeared without explanation. Float ‘N’ Grill is no longer available, and the business is closed. Still, their story reminds us that sometimes big ideas start with small problems, and that even if they don’t last forever, they can still make a splash.