Brothers Andy and Eric Bert grew up in Woodbury, New York with a shared love for pizza. After taking different career paths as adults, Eric’s engineering background and Italian pizza obsession inspired him to design a portable backyard pizza oven. Seeing its potential, he convinced Andy to go into business together and Bertello was born. In this article we talk about Bertello Net Worth In 2024.
Becoming Backyard Pizza Pioneers
Eric spent a decade inspecting iconic New York bridges before tinkering with pizza ovens in his spare time. His engineering skills enabled him to create an affordable, multi-fuel oven that could rapidly cook pizzas as good as traditional Italian ones. Andy was working in finance in Minnesota when Eric told him about it. Together they recognized a gap in the market for quality personal pizza ovens.
Taking the Plunge
In 2017, the Bert brothers invested $90,000 to launch Bertello. They quickly found success, bringing in $640,000 revenue in under two years. Heading into their second year, they took out a $70,000 loan to expand and paid it back swiftly thanks to impressive sales growth. Still, they needed extra capital and exposure to take things to the next level.
Wooing the Sharks
In 2019, Andy and Eric appeared on Shark Tank, pitching for $120,000 for 10% equity in Bertello. They delivered an energetic pitch and wowed the investors by cooking up delicious pizzas. Several Sharks admired their existing sales traction too. After fielding multiple offers, they cleverly leveraged them against each other to get Kevin O’Leary to match Barbara Corcoran’s $120,000 for 25% deal.
Rising Dough After Shark Tank
Although Barbara lost out, her harsh criticism of their pitch as “boring” was uncalled for. Nonetheless, going on Shark Tank worked wonders for Bertello. Before the show, they had $1 million revenue. In 2021, that figure grew over 6 times to $6.3 million! Closing the deal with Kevin opened doors to promotional opportunities too. Thanks to QVC appearances, their lifetime sales now exceed $10 million.
Where Are They Now?
Today you can buy Bertello pizza ovens and accessories at major retailers like Walmart and Amazon. Their flagship outdoor pizza oven holds a 4.1 star Amazon rating from over 500 reviews. The company likely brings in $2-3 million yearly now. An impressive rise from their initial $90,000 investment. With continued growth and expansion into new products, Bertello’s net worth is estimated around $2.5 million as of 2024 according to Techie + Gamers. I sincerely hope you like reading this “Bertello Net Worth In 2024? Shocking Details Inside” article.
