Bertello Pizza Oven Shark Tank Net Worth 2023
Andy and Eric had a successful pitch to the Shark Tank for $120,000 in exchange for 10% of their firm. This indicated that Bertello had a value of $1.2 million, however it ultimately accepted an offer from Kevin O’Leary of $120,000 for 25%, thus valuing the business at $480,000.
The product is sold at a price point of $250 while costing only $84 to make with revenue starting off as low as just $640,000 but increasing dramatically to an impressive figure of over $6 million by 2022.
As of March 2023, Bertello Pizza Oven is estimated to be worth a stunning amount of $2.5 million.
What is Bertello Pizza Oven? Who is the Founder of Bertello Pizza Oven?
Bertello Pizza Oven is a portable outdoor oven that can reach temperatures up to 930 degrees Fahrenheit and can be fueled by wood, charcoal, or pellets. The oven is fully insulated with walls, ceiling, and floor, and comes with a Cordierite Baking Stone. Additionally, there is an optional Bertello Propane Gas Burner available.
Formerly known as the Napoli Pizza Oven, Bertello is a small outdoor pizza oven that can produce Neapolitan pizza in under 90 seconds. Unlike most outdoor pizza ovens that are large, expensive, and stationary, the Bertello oven is compact and easily portable.
It promises to heat up to 900 degrees Fahrenheit, creating a crispy-on-the-outside and soft-on-the-inside pizza crust. The oven is also suitable for baking meats.
Bertello was founded by Andy Bert and Eric Bert. The company launched a successful Kickstarter campaign in July 2019, raising $207,267, and an Indiegogo campaign that garnered $216,071 from 781 backers. Although there were some delivery issues initially, they have since been resolved, and Bertello products are now available exclusively on Amazon.
The cost of a Bertello pizza stone oven is $250, with the propane converter attachment priced at $84, and the pizza peel, used to move the pizza in and out of the oven, costing $25.
While there are other inexpensive and costly pizza ovens on the market, Bertello offers a unique combination of affordability, portability, and high performance.
What Happen To Bertello Pizza Oven At The Shark Tank Pitch?
Andy and Eric presented their business idea to the Shark Tank investors, offering $120,000 in exchange for a 10% stake in their company, indicating a valuation of $1.2 million.
They showcased their unique multifuel pizza oven and even playfully tossed a pizza in each other’s faces, resulting in laughter from the Sharks. Kevin referred to the presentation as “excellent awful theatre.”
They invited Kevin to make a pizza using their oven, which only took about two minutes to cook and impressed all the Sharks with its taste. The multifuel pizza oven is unique in the market and retails for $250 with an additional $84 in landing costs, resulting in a net margin of 33%.
The company sold $640,000 worth of ovens primarily on Amazon in 2019, with $400,000 in sales occurring in the last three months. Andy and Eric invested $90,000 of their own money and borrowed $70,000 for inventory, which they have since repaid.
Robert viewed the pizza oven as unexciting and declined to invest, while Mark did not want to be involved in a consumer product and also opted out.
Barbara was impressed with the product and offered $120,000 for a 25% stake in the company. Kevin, also known as “Chef Wonderful,” agreed to support Barbara’s offer and proposed a 30% stake for the same investment amount.
However, Andy countered Kevin’s offer at 25%, and after some negotiation, they agreed to a deal with Kevin for a 25% stake in exchange for the requested investment amount.
Bertello Pizza Oven After The Shark Tank Pitch
Kevin’s contract appears to have been fulfilled as his product continues to be a top-selling item on Amazon, generating an annual revenue of approximately $3 million as of June 2021.
In episode 1307 of the show, the company received an update where it was revealed that they had sold merchandise worth $75,000 within 24 hours of the segment airing. However, just three days later, the Covid-19 pandemic lockdowns began, and they had to make a significant shift to digital marketing, which led to an increase in revenue.
The company’s first-year revenue after pitching to the Sharks in 2019 was $640,000, which increased to $6.3 million in revenues 16 months later. Kevin appeared in the role of “Chef Wonderful” and boasted about selling thousands of units on QVC.
Andy and Eric, meanwhile, encouraged businesses to have a passion for what they create. They claimed that the most satisfying aspect of their ovens was how they brought people together.
Bertello Pizza Oven Net Worth
Andy and Eric pitch the Shark Tank for $120,000 in exchange for 10% of their firm. This indicates a value of $1.2 million. They accepted an offer from Kevin O’Leary of $120,000 for 25% thus valuing the business at $ 480,000.
Bertello Pizza Oven Competitors
Ooni Fyra 12 Wood Pellet Pizza Oven is a Competitor of Bertello Pizza Oven.
Bertello Pizza Oven FAQS
How did Bertello’s pizza oven end up?
Currently, the Bertello pizza oven is offered only on Amazon, where it has enjoyed spectacular growth in recent months, making $400,000 in just three months.
How long does it take for a Bertello pizza oven to make a pizza?
The widespread belief is that it takes between 15-20 minutes for the Bertello oven to reach a temperature of over 900F — and that is in colder climes.
What are the possibilities for cooking in a Bertello pizza oven?
They are capable of cooking a range of dishes in addition to pizza, including fish, meat, veggies, and dessert pizzas.
They provide a variety of bundles that enable them to cook with wood, charcoal, pellets, gas, or a mix of gas and wood.
Can wood pellets be used in a Bertello pizza oven?
If they’re intending to burn wood or wood pellets, it comes equipped with “everything” they’ll need to get it started.
It is capable of burning charcoal, wood, or even natural gas (with a separately sold attachment).
One of the key components of the claim that it can “cook a Neapolitan pizza in less than 2 minutes” is the high temperature at which this oven operates.
Bertello Pizza Oven is owned by who?
Eric Bert and Andy Bert.
How does the Bertello pizza oven work?
It’s powered by propane or natural gas, and able to reach temperatures of 900 degrees Fahrenheit in just a few minutes.
Its creators claim that it can cook a Neapolitan-style pizza in less than two minutes.
What makes Bertello pizza oven different from traditional pizza oven?
The Bertello pizza oven uses a high-temperature infra-red cooking element that allows it to bake pizzas and other dishes in minutes instead of hours, as with conventional ovens.
What are Bertello’s pizza ovens made up?
The Bertello Pizza Ovens are hand-made, right here in the USA by master builders using the highest quality materials available.
What kind of charcoal do they use for pizza oven?
The majority of coal-fired pizzerias use anthracite coal, which contains more carbon, has fewer impurities, and burns for a longer period of time. Coal ovens use the “fire-in-the-oven” method to cook their pizzas.
Who founded Bertello’s pizza oven?
Bertello Pizzeria was founded in 2017 by the Bert Brother’s, Andy & Eric.
Where can they buy Bertello’s pizza oven?
The Bertello pizza oven is exclusively sold on Amazon.
What happen to Bertello pizza oven at the Shark Tank?
Bertello Pizza Oven was pitched on season 11 episode 15, by Eric and Andy Bert. They sought a $120,000 investment for 10% of their company in exchange but they accepted an offer from Kevin of $120,000 for 25%.
What are the materials of Bertello pizza oven?
Cordierite Baking Stone, and an optional Bertello Propane Gas Burner.
How much is Bertello pizza oven?
They sell them for $250, but they cost an additional $84 to land.
When did they start making Bertello’s Pizza Oven?
Bertello Pizza Oven was founded in 2017 by the Bert Brother’s, Eric and Andy Bert.
What is the net worth of Andy Bert?
Unknown.
What is the net worth of Eric Bert?
Unknown.
