Max Pro Fitness On Shark Tank Update – Shark Tank Season 13
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Max Pro Fitness On Shark Tank Season 13
Max Pro Fitness offers a portable resistance band machine that supports up to 300 pounds of resistance, allowing for a versatile workout experience anywhere. Founder Nezar Akeel impressed Mark Cuban, who invested $500,000 for 3% equity and 5% advisory shares over five years. Summary:
- Company Name: Max Pro Fitness
- Founder: Nezar Akeel
- Founded: 2018
- Product: Portable resistance band machine
- Asked For: $500,000 for 5% equity
- Final Deal: $500,000 for 3% equity and 5% advisory shares with Mark Cuban
- Season/Episode (Shark Tank USA): Season 13, Episode 9
- Business Status: In Business
- Headquarters: Detroit, Michigan, USA
- Lifetime Worth (Sales): Estimated $2M
- Investor: Mark Cuban
- Go To Amazon: Buy Now
- Watch On: Amazon Prime
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Description
Max Pro Fitness On Shark Tank Update – Shark Tank Season 13
Max Pro, a portable cable resistance machine that allows users to get a full-body workout anywhere, appeared on Shark Tank Season 13 and secured a deal with Mark Cuban. Here are the key updates on the company since its appearance:
Max Pro Fitness Shark Tank Appearance
- Entrepreneur: Nezar Akeel
- Business: Max Pro, a versatile portable cable machine for full-body workouts
- Ask: $500,000 for 2.5% equity
- Result: $500,000 for 3% equity and 5% advisory shares over 5 years from Mark Cuban
Max Pro Fitness Post-Shark Tank Developments
- Sales Growth: Max Pro reached $25 million in sales since inception and has over 25,000 users.
- Social Media Presence: The company has a strong social media following, with more than 35,000 Instagram followers.
- Product Recognition: Max Pro was named Sports Illustrated’s “Best Portable Gym” in 2023.
- Retail Availability: The Max Pro system is available directly through their website and on Amazon, where it has a 4.1-star rating.
- Upcoming Features: The company is working on integrating more technology, including immersive VR workouts.
Max Pro Fitness Financial Performance
- 2020 Revenue: $4 million.
- 2021 YTD Revenue: $8 million, projected to finish the year at over $12 million
- 2021 Revenue: $10 million
- Lifetime Revenue: Over $30 million as of November 2023, approaching $40 million as of July 2024
Max Pro Fitness Shark Tank Deal Update
- Mark Cuban’s Investment: Mark Cuban invested $500,000 for 3% equity and 5% advisory shares over 5 years.
- Deal Closure: As we know, the deal with Mark Cuban had not closed, but the company continues to thrive.
