Prime 6 charcoal shark tank Net Worth 2023
Prime 6 is an eco-friendly, reusable, sawdust briquette charcoal product introduced in Shark Tank Season 12 Episode 6.
Prime 6 founders Riki Franco and Oren Franco asked for $200,000 at a $2 million valuation in exchange for 10% of their company’s equity.
After the deal with Kevin O’Leary, the company was valued at $800k. According to some extensive research, the firm did $1.3 million in sales in the first three months after they appeared on Shark Tank.
As of September 2022, Prime 6’s net worth is $2.5 million.
Prime 6 has entered into contracts with many food services due to the demand for this charcoal product. It has been made available on many platforms and there are many people who have bought this product.
What is Prime 6 charcoal? Who is the Founder of Prime 6 charcoal?
Prime 6 is a type of charcoal made from recycled hardwood sawdust that is designed for grilling applications for both home and commercial use.
The unique and sustainable aspect of this charcoal is that it is created from scrap hardwood sawdust, which is compressed and carbonized slowly to create a hollow hexagonal pattern without the use of binders or chemicals. This process results in a denser charcoal that burns for a longer time.
The hexagonal shape of Prime 6 promotes air circulation, resulting in a more even and constant heat source for cooking and grilling.
The pure, flame-flavored charcoal can burn for over four hours without the need for additives or chemicals, making it an ideal choice for those who want a natural grilling experience.
Prime 6 was founded in September 2018 by Oron and Riki Franco. Riki earned an MBA from Columbia Southern University in 2012 and has experience coaching startups, while Oron graduated from the International Culinary Centre with a degree in Culinary Arts in 2010 and has extensive culinary expertise. Their passion for cooking and belief that barbecue charcoal should last longer led them to create Prime 6.
The couple has two children and are avid grillers. Prior to starting Prime 6, they had another technology company called FeedMe.
They discovered a similar product to Prime 6 in Vietnam, which inspired them to create their own sustainable charcoal product.
After many trials and errors, the duo approached a manufacturer to create a 100 percent sustainable charcoal product, which eventually became Prime 6.
Before joining Shark Tank, the co-founders marketed their product directly to New York restaurants and renowned pitmasters like Pig Island. Their goal is to ensure their family’s financial independence and leave a legacy for their children.
Prime 6 charcoal Shark Tank Pitch
Prime 6 charcoal can be purchased in three different sizes, which are 9 lb, 18 lb, and 22 lb boxes. The 22 lb version is the most expensive, priced at $49.99. Customers can purchase the product through the Prime 6 website or Amazon.
Oron and Riki appeared on Shark Tank Season 12 Episode 6 and sought a $200,000 investment for a 10% stake in their company, valuing it at $2 million. They shared their story, provided samples, and engaged in discussion with the Sharks.
The Sharks were impressed with the fact that Prime 6 is patented and is already available at major retailers like Walmart. They also appreciated the company’s social objective of planting a tree for every bag of charcoal sold.
Although some of the Sharks owned competing businesses and were hesitant to invest in Prime 6, Kevin O’Leary and Daymond John both presented identical offers to invest $200,000 for a 25% stake.
Ultimately, Riki and Oron accepted Kevin’s offer because of his shared objective of growing their direct-to-consumer business in the face of retail industry volatility.
Prime 6 is excited to partner with Kevin O’Leary and expand their direct business. As of August 20, 2021, the product is available at numerous big stores including Western Beef, Piggly Wiggly, The Fresh Market, Krogers, Lowe’s, Walmart, and Albertsons.
Although the transaction has not been confirmed, the company received an update on episode 1219 of “how we survived the Covid-19 epidemic with Kevin’s Aid.”
Prime 6 Charcoal Net Worth
Oron and Riki appear on Shark Tank searching for $200,000 in exchange for a 10% stake in their firm. This indicates a $2 million value. They accepted an offer from Kevin of $200,000 for a 25% stake thus valuing it at $800,000.
Prime 6 charcoal Competitors
InstaFire is a competitor of Prime 6 charcoal.
Prime 6 Charcoal Shark Tank Updates
Prime 6 is a sustainable charcoal product that appeared on Shark Tank Season 12 Episode 6. The founders, Oron and Riki Franco pitched their company to the sharks and asked for $200,000 for 10% equity. Kevin O’Leary made a deal with them for $200,000 for 25% equity.
Prime 6 is a hexagonal log of charcoal made out of recycled sawdust that is reusable, leaves no mess behind, and lasts twice as long as traditional charcoal.
Prime 6 is still in business and its charcoal is being sold nationally and internationally. The company is mission-driven, woman-owned, USDA certified, and a partner to the biggest reforestation organization in the world.
Prime 6 products are 100% natural and chemical-free, including charcoal, wood logs, and fire starters. The company believes that sustainability shouldn’t come at the expense of quality and performance.
Prime 6 has been featured on various best-of-sustainable and foodie gift lists and has been showcased at various food festivals, such as Pig Island and some Food Network events.
In summary, Prime 6 is a sustainable charcoal product that made a deal with Kevin O’Leary on Shark Tank Season 12 Episode 6. The company is still in business and sells its products nationally and internationally.
Prime 6 is mission-driven, woman-owned, USDA certified, and a partner to the biggest reforestation organization in the world. The company’s products are 100% natural and chemical-free and have been featured on various best-of-sustainable and foodie gift lists and showcased at various food festivals.
Summary Table: Prime 6 charcoal shark tank
| CATEGORY | INFORMATION |
| Product | Prime 6 – sustainable charcoal made from recycled sawdust |
| Founders | Oron and Riki Franco |
| Shark Tank Pitch | Asked for $200,000 for 10% equity at a $2 million valuation, received $200,000 for 25% equity from Kevin O’Leary |
| Sales | $1.3 million in the first three months after the Shark Tank appearance |
| Net Worth (2023) | $2.5 million |
| Competitors | InstaFire |
| Distribution | Sold through the company website, Amazon, and major retailers |
| Updates | Still in business, sells natural and chemical-free charcoal, wood logs, and fire starters, partnered with a reforestation organization |
Prime 6 charcoal FAQS
What Is Prime 6 Charcoal Shark Tank?
Prime 6 is a sustainable premium charcoal made from waste hardwood sawdust that is compressed and slow carbonized into a hollow hexagonal design without any binders or additives. The hexagonal design allows for better airflow, which lets it burn hotter and longer, for 4-6 hours.
One pound of Prime 6 equals three pounds of lump charcoal, so less is needed, resulting in a good charcoal experience with less clean up.
Prime 6 is 100% natural and chemical-free, and the company is mission-driven, woman-owned, USDA certified, and a partner to the biggest reforestation organization in the world.
Prime 6 was pitched on Shark Tank in Season 12, Episode 6, where the founders asked for $200,000 for 10% equity in their company.
The founders, Oron and Riki Franco, explained that they wanted to bring a new approach to the best grilling recipes by developing a specialized hexagon-shaped charcoal made from hardwood waste sawdust.
The Sharks were impressed with the product, but ultimately, no deal was made. However, Prime 6 has expanded beyond its initial presence in Walmart and is still available for purchase on their website.
How Does Prime 6 Charcoal Shark Tank Works?
Prime 6 is a sustainable premium charcoal made from waste hardwood sawdust that is compressed and slow-carbonized into a dense charcoal. The hexagonal design of the charcoal allows for better airflow, which allows for more even cooking and hotter, longer burning.
Because it is so dense, less charcoal is needed for a good grilling experience. Prime 6 does not contain binders or additives, making it an eco-friendly and reusable product.
Prime 6 was introduced in Shark Tank Season 12 Episode 6 by founders Riki Franco and Oren Franco. They asked for $200,000 at a $2 million valuation in exchange for 10% of their company’s equity.
While it is unclear if they received a deal on the show, Prime 6 is still available for purchase on their website and on Amazon.
What Happened To Prime 6 Charcoal After Shark Tank?
Prime 6 Charcoal is an eco-friendly, reusable, sawdust briquette charcoal product that appeared on Shark Tank Season 12 Episode 6.
The founders, Oron and Riki Franco, asked for $200,000 at a $2 million valuation in exchange for 10% of their company’s equity. They left the tank with a deal from Kevin O’Leary of $200,000 for 25% equity.
After the show, Prime 6 Charcoal continued to do business and their charcoal is being sold nationally and internationally. The company did $1.3 million in sales in their first 3 months after the show.
They also managed to branch out and sell their product in over 5,000 new stores, including Kroger and Safeway. Prime 6 Charcoal has been featured on various best-of-sustainable and foodie gift lists and has been featured at various food festivals, like Pig Island and some Food Network events.
In summary, Prime 6 Charcoal is still in business and has been successful after appearing on Shark Tank. They have expanded their sales and distribution and have been featured at various food festivals and on various best-of-sustainable and foodie gift lists.
What Is The Current Valuation Of Prime 6 Charcoal Shark Tank?
Prime 6 is an eco-friendly, reusable, sawdust briquette charcoal product that was introduced in Shark Tank Season 12 Episode 6. The founders, Riki Franco and Oren Franco, asked for $200,000 at a $2 million valuation in exchange for 10% of their company’s equity.
After the deal with Kevin O’Leary, the company was valued at $800,000. The firm did $1.3 million in sales in the first three months after they appeared on Shark Tan.
As of 2022, Prime 6’s founders, Oron and Riki Franco, have a net worth of $1.7 million. However, the search results do not provide a current valuation of the company. It is important to note that a company’s net worth and valuation are not the same thing.
Net worth is the difference between a company’s assets and liabilities, while valuation is the process of determining the worth of a company based on various factors such as revenue, growth potential, and market share.
In conclusion, while the search results provide information on the founders’ net worth and the company’s sales and valuation after appearing on Shark Tank, there is no current information on the company’s current valuation.
Is Prime 6 Charcoal Shark Tank Still In Business?
Yes, Prime 6 charcoal is still in business and doing well. After appearing on Shark Tank Season 12 Episode 6, Prime 6 founders Riki Franco and Oren Franco received a deal from Kevin O’Leary of $200,000 for 25% equity.
The company did $1.3 million in sales in their first three months after the show and managed to branch out and sell their product in over 5,000 new stores, including Kroger and Safeway.
Prime 6 charcoal is an eco-friendly, reusable, sawdust briquette charcoal product that is being sold nationally and internationally. The product is made out of recycled sawdust and lasts twice as long as traditional charcoal.
Prime 6 charcoal has been featured on various best-of-sustainable and foodie gift lists and has been showcased at various food festivals, such as Pig Island and some Food Network events. The company’s website also offers the option to buy their product directly from their online store.
Overall, Prime 6 charcoal has been successful since appearing on Shark Tank and has expanded its reach to many new stores and customers.
What is Prime 6 charcoal?
Prime 6 is a hardwood product made from recycled sawdust. It is intended for grilling applications for both home and commercial clients.
What distinguishes this charcoal as unique and sustainable is that it is derived from scrap hardwood sawdust.
They compress it and carbonize it slowly to create a hollow hexagonal pattern without using binders or chemicals. This results in a charcoal that is denser and burns longer.
Who is the founder of Prime 6 charcoal?
The company is founded by Oron and Riki Franco in September 2018.
How much was they asking in the Shark Tank?
Oron and Riki were asking $200,000 for a 10% stake in their firm.
Did they get the deal?
Yes.
How much was the deal?
They accepted an offer from Kevin of $200,000 for a 25% stake.
Prime 6 charcoal comes in which sizes?
Prime 6 is available in three different sizes: 9 lb boxes, 18 lb boxes, and 22 lb boxes. The 22 lb version is the most costly, retailing for $49.99.
All of the goods are available online through the Prime 6 website, as well as on Amazon.
Can prime 6 be used in a smoker?
Yes, any smoker model, size, or shape is acceptable.
Is Prime 6 charcoal safe?
Prime 6 is 100% natural and contains no additives. It is made from recycled hardwood waste sawdust that has been compressed and slowly carbonized into dense charcoal.
That is all. Pure charcoal and a clean burn ensure that their food is not contaminated with chemical smoke.
What is Prime 6 made?
Sawdust from hardwoods.
Where do the owners of the prime 6 come from?
Prime 6’s founders are based in New York.
Is it possible to use Prime 6 charcoal in a fireplace?
Suitable for use with charcoal grills, fireplaces, fire pits, camping, and wood stoves. It works exceptionally well with charcoal and fire logs.
Can they use prime 6 charcoal in a green egg?
Indeed, in a wood-fired pizza oven. Is it compatible with a Green Egg or Kamado Joe grill? Without a doubt, it works wonders.
Is it chemical free?
Yes! It is 100 percent chemical free Meaning 100 percent natural and healthful.
How is it reusable?
Prime 6 burns longer and hotter than any other charcoal they have ever used. The reason its reusable is very simple, they can literally “turn it off” when they are done grilling for the day and relight it next time.
What makes it sustainable?
Prime 6 is built entirely of reused sawdust. They contribute to the planet’s garbage reduction and tree preservation efforts by doing so.
How are they going to ignite it?
The recommended method is to ignite a chimney with a chimney starter. Vertically stack the briquettes in the chimney.
Fill the bottom of the chimney halfway with a thick paper/carton fire starter and light.
Once the bottom portion of the briquettes becomes red, they will continue to catch even after the starter is removed.
It should take between 10-15 minutes, depending on the weather (temperature+wind).
How do they turn it off?
Charcoal is an oxygen-based material. If they’re using a grill with vents and a lid, close them all to prevent the charcoal from choking.
Additionally, they can transfer their charcoal (carefully) to a cast iron pot and cover it. As long as they can deprive the charcoal of oxygen, it will die.
How long does it take to light?
Prime 6 takes approximately 10-20 minutes to light and remains lit for hours due to its high density.
How do they know it’s ready?
Once the bars’ colour has changed from black to a lovely reddish glow, they are ready to use.
What temps does it get to?
When piled, Prime 6 burns extremely hot, reaching temperatures of over 1,400 degrees Fahrenheit.
What kind of grill do they need for Prime 6?
Any charcoal barbecue, regardless of size or shape.
