FitFighters Shark Tank Net Worth 2023
FitFighter approached the Shark Tank with their pitch asking for $250,000 for a 15% stake in their business which valued it at $1,666,666.67 but they ultimately accepted an offer from a shark of $250,000 for 25% stake in the company bringing FitFighter’s valuation to one million dollars.
FitFighter net worth of 900,000 USD by the year 2022 while allowing them to gain additional capital that would prove beneficial in growing their business and increasing profits.
What is FitFighters?
FitFighter is a one-of-a-kind exercise program that uses fire hoses as weightlifting equipment. The weights are made from actual fire hoses and steel shot, specifically designed for firefighters. While originally developed for firefighters, FitFighter is now available to the general public and is even used in training programs at the FDNY Fire Training Academy.
Sarah Apgar, the creator and CEO of FitFighter, is a former volunteer firefighter and Iraq war veteran. With an Ivy League education and a Dartmouth MBA, Apgar has extensive business experience.
She currently works as the Director of New Stores and Facilities at Warby Parker, and also serves as the Vice President of Expansion and Facilities for Recover Together, a non-profit organization that helps individuals recover from opioid addiction.
Prior to her work in the private sector, Apgar served as a marketing and business development analyst in the Army Corps of Engineers for two years.
She left the army to join a volunteer fire crew in Huntington, NY, where she found the same sense of camaraderie she had experienced while serving in the military.
In summary, FitFighter was founded by Sarah Apgar, a veteran and former volunteer firefighter with a strong business background.
What happen to FitFighter at the Shark Tank Pitch?
FitFighter Steel Hoses are priced between $65 and $205, depending on the size, weight, and number of weights in each set. Sarah, who certifies teachers and has a partnership with Sorinex, a renowned gym equipment company, markets these products.
Each purchase contributes to the Stephen Siller Tunnel to Tower Foundation, which supports injured warriors, first responders, and their families.
Sarah is seeking $250,000 for a 15% stake in her personal training company, with plans to expand and sell a large quantity of weights.
She aims to target military personnel, fire departments, and other first responders with her marketing efforts. Additionally, she has developed an app that offers workout programs in both free and premium versions.
During her pitch to the Sharks, Sarah’s lack of focus is a concern for them, and they all decline to invest. However, Daniel Lubetzsky offers $250,000 for a 25% stake in the company, which Sarah accepts.
FitFighters after the Shark Tank Pitch
Daniel’s firm has now been listed on his website following the completion of his acquisition. Sarah has reported generating $250,000 in sales within a week of the initial airing of the update, with total sales of $900,000 within three months.
In response to the epidemic, she developed an online training platform. Additionally, Daniel played a role in securing purchase orders worth $250,000 for the product to be sold at Dick’s Sporting Goods.
Sarah also made a charitable contribution of $10,000 to Tunnels to Towers, which was matched by Daniel. Their current annual income ranges from $900,000 to $1 million as of July 2021.
FitFighter Net Worth
During the Shark Tank Pitch, FitFighter asked for $250,000 for 15 % stake which values their business at $1,666,666.67 and they accepted an offer from the Shark at $250,000 for 25% stake which brings their business to be at $1 million.
For this company, the best competitors are the other companies in the same niche market. The two closest competitors in this niche market are Fitworks and The Slim Gym.
Did FitFighter get a Shark Tank deal?
On Shark Tank Season 12 Episode 5, Sarah Apgar entered the Shark Tank seeking $250,000 for 15% for her innovative hose weight system and accepted an offer of $250,000 for 25%, from Daniel Lubetzky.
What is FitFighter filled with?
It is filled with recycled steel.
What is FitFighter made of?
Our Steelhoses are made in the USA from real firehose and steel shot.
FitFighter serves our nation’s bravest coast to coast including the FDNY Fire Training Academy and San Diego Fire Rescue Academy.
Who invented FitFighter?
Sarah Apgar is the invented of FitFighter & CEO.
What exactly is the FitFighter?
FitFighter is a beautifully simple yet highly versatile strength training system for increased balance, greater resilience, and a stronger core.
Lift, swing, drag, drop, and throw your way to lifelong strength of both body and mind.
Who is Sarah Apgar married to?
Apgar lives in Port Washington, New York, with her husband, Ben Smith, and two young daughters, Emory and Arlyn.
Who is Sarah Apgar?
Sarah Apgar, a former volunteer firefighter and Iraq war veteran, is the creator and CEO of FitFighter.
Apgar was inspired to start FitFighter after leaving the army and missing the close camaraderie and training she got there.
Apgar is also a Dartmouth MBA graduate with an Ivy League education in business.
She was the Director of New Stores and Facilities at Warby Parker and the Vice President of Expansion and Facilities at Recover Together, an opioid recovery charity.
What was the beginning of FitFighter?
Sarah Apgar founded FitFighter after becoming injured while working out at a gym.
She’d been doing her workouts with dumbbells, but they weren’t providing her with enough resistance.
She decided to create her own set of weighted hoses as a consequence.
She started selling them online and quickly received orders from all across the country.
FitFighter originally opened its doors in New York City in 2011, and since then, they’ve expanded to three locations: Los Angeles, Los Angeles, and Chicago.
What happened to the offer?
Her fitness firm and hose-inspired strength training gizmo landed her a deal on the television show “Shark Tank.”
Apgar accepted the offer and noted that since her appearance on the show, sales of the Steel Hose and FitFighter’s online training program have surged considerably.
What was COVID-19’s impact on FitFighter?
She altered her business strategy online because to the big COVID-19 shutdowns, and in 10-weeks she was able to match the $45,000 in sales that had taken her months to obtain.
So, what’s new about FitFighter?
The weighted workout hose is now available at Dick’s Sporting Goods, allowing Sarah to expand her company, according to the FitFighter update.
What are the benefits of using FitFighter?
It’s designed to look and feel like a firehose and can be used to do a variety of exercises without the use of any other equipment.
When did Fit Fighter make an appearance on Shark Tank?
Sarah Apgar hopes to draw a Shark for FitFighter, her fire hose training weights that replicate firefighter training, on November 13, 2020.
What are the most recent figures?
As of July 2021, annual revenue ranged from $900,000 to $1 million.
Who is the Founder of the Company?
Sarah Apgar, the creator and CEO of FitFighter, is an Iraq war veteran and former volunteer fireman.
How often should I work out with Steelhoses?
This depends on your personal needs, but in general we advise 3-5 days per week of strength training, with conditioning worked into your program.