Boost Oxygen Shark Tank Update | Boost Oxygen after Shark Tank
What is Boost Oxygen?
Boost Oxygen is a supplementary oxygen firm that produces and expands oxygen levels, after seeing canned oxygen was a huge seller in European markets. It was founded by Rob Neuner in 2007.
He began utilizing canned oxygen to give him more energy while he was jet-lagged and racing in triathlons out of curiosity. Given can of oxygen’s popularity in other markets.
He began using the cans to help with his regular jet lag and as an energy boost for his triathlons. When he chose to market canned oxygen in the United States, Boost soon became the world’s best-selling canned oxygen brand.
There are several health benefits of breathing in oxygen. It provides many of the same advantages as an energy drink, but without the caffeine and sugar
. Boost is “aviator grade” oxygen that gives users with metabolic advantages. Cells use oxygen, and if your body doesn’t receive enough of it, cell metabolism slows and you feel lethargic.
Who is the founder of Boost Oxygen?
Rob Neuner founded Boost Oxygen in 2007 after seeing bottled oxygen was a popular product in European markets.
Boost Oxygen is not a substitute for medical oxygen. The product is meant for recreational use and is 85 percent pure, whereas medical oxygen is 99 percent pure.
Pink grapefruit, peppermint, and menthol are the three “aromatherapy tastes” available. It’s available online at Amazon and at CVS shops around the country.
The price of a pocket-sized can is $7.99. (About 40 inhales). A medium can costs $9.99 (about 100 inhales) while a large can costs $14.99. (About 200 inhales). There are also savings for purchasing in quantity.
Boost just inked a contract with Major League Lacrosse. They are pretty well-known in the fitness sector, and triathletes frequently utilize the product. For example, Olympic swimmer and Ironman champion Kyle Smith uses the product regularly.
Boost Oxygen is a supplemental oxygen company meaning it’s not to be used as a direct substitute for medical oxygen. One canister of boost can last an estimated 30 minutes.
Each container contains 0.5 milliliters (mL) of air, which is equivalent to 1 liter (L) of room air at sea level pressure (14.7 psi). The total volume available from one canister is.
What Happened to Boost Oxygen at Shark Tank pitch?
Mike and Rob decided to submit their concept to Shark Tank investors in episode 2 of Season 9 of Boost Oxygen to help them connect with other sports organizations and develop even greater.
Mike and Rob enter the pitch asking for $1 million for a 5% stake in their company, which is valued at $20 million. They claim to desire a Shark’s assistance in expanding retail distribution.
Their annual sales were $6.4 million, with a profit of $1.5 million. While the Sharks appreciate the data, they are concerned that the consumer education curve is too high. The Sharks are exiting the deal one by one.
Kevin offers a $1 million loan with a 9% interest rate in exchange for 7.5% equity shares. They agreed on a $1 million loan at 7.5% interest with Kevin receiving 6.25% equity shares after some bargaining, and they left the pitch with a deal.
What Happened to Boost Oxygen after Shark Tank?
Rob and Mike leave the pitch with a deal after the program aired, the deal was finalized, and Kevin actively promotes the business.
The goods are available in CVS locations nationally as well as thirty other national brands such as Dicks Sporting Goods and Bass Pro Shops. You may also place a purchase on Amazon.
Since appearing on Shark Tank, the company has made over $15 million (less than a year). The firm increased its retail footprint from roughly 4000 to over 8000 shops, including Kroger’s and Walgreen’s.
During the 2020 Covid-19 epidemic, the firm gave to the Bridgeport, CT food pantry. In the episode, Kevin also promotes the company, claiming that it has the potential to be “big” in the future. The firm is crushing it as of June 2021, with over $20 million in sales predicted for the year.
Competitors of Boost Oxygen
The company top competitors include Total Gym, Kangoo Jumps, Precor and Aspire Beverage.
Net Worth of Boost Oxygen
The company was valued at $20 million during the pitch, after the investment done by Kevin O Leary the company valuation was $15.4 million. Since then the company have been doing well in sales with annual revenue of $15 million. This shows that the company net worth had increased.
Boost Oxygen FAQs
What is Boost Oxygen?
Boost Oxygen is a supplementary oxygen firm that produces and expands oxygen levels, after seeing canned oxygen was a huge seller in European markets.
Who is the founder?
The founder is Rob Neuner.
How much were they asking on Shark Tank?
They were seeking for $1 Million for 5% Stake of their company.
Did they get the deal?
Yes, they got the deal from Kevin O Leary after the Shark Tank episode.
How much was the deal?
Kevin O’ Leary offered $1 million loan at 7.5% interest with Kevin receiving 6.25% equity shares of the company.
Is Boost Oxygen still in business?
Yes, the company is still in business and growing their sales with over 20 million dollars projected for 2021.
How much money did they make from Shark Tank?
They made $15 Million from Shark Tank.
Where is their Headquarters located?
The firm has its headquarters in Chicago and is headquartered at 206 W. Congress Street, Chicago IL 60610.
What products does Boost Oxygen sell?
Boost offers many different types of supplements, including a t-shirt, water bottles and USB fans.
What has been the company’s performance?
The company was valued at $20 million during the pitch after Kevin O Leary invested in it. Since then the company have been doing well in sales with annual revenue of $15 million. This shows that the company net worth had increased.
How does Boost Oxygen Work?
Boost Oxygen canister provides 0.5 milliliters (mL) of air, which is equivalent to 1 liter (L) of room air at sea level pressure (14.7 psi). The total volume available from one canister is.
Why is it so bright?
The weight of oxygen gas is negligible. The sealed cans of Boost Oxygen are relatively light, but they are guaranteed to be full. Because the Oxygen within has no visible mass, the weight of a full container seems empty. Because of the weight advantage, Boost Oxygen cans are easy to transport.
Is it okay for me to take Boost Oxygen if I have a lung condition?
Boost Oxygen is not a replacement for those who have been prescribed Medical Oxygen (99 percent purity) for medical reasons. It is only for recreational purposes.
Is Boost Oxygen combustible?
No. Although oxygen is not a fuel in and of itself, when coupled with a fuel and ignited, it can serve to speed up the chemical process.
Is it legal to bring Boost Oxygen on a passenger plane?
Despite the fact that Boost Oxygen is a natural and safe substance, the FAA and TSA do not allow recreational oxygen in carry-on or checked luggage.
How do I dispose of the canisters?
Because our canisters are composed of aluminum, they are recyclable. They may be disposed of in the same manner as regular cans!
How do you handle returns?
If a product is damaged in transit or arrives faulty, please return it to the firm at the contact address indicated on our Contact Page, along with a copy of the receipt and an explanation for the return.
A full refund will be granted within 30 days of arrival following a satisfactory evaluation (by Boost Oxygen LLC) that there was a manufacturer’s defect or that damage occurred during delivery.
How do I know when it’s time to change my Boost Oxygen canister?
Boost Oxygen is merely pressure pumped into the container (sort of like a tire). There are no aerosols or propellants utilized.
As the can depletes, so does the pressure of the oxygen flow from the can, until it is eventually empty. The container is empty when the oxygen no longer flows.
What is the net worth of Rob Neuner?
Rob Neuter’s net worth is unknown.