MaxPro Fitness Shark Tank Update | What Happened to MaxPro Fitness after Shark Tank?
What is MaxPro Fitness? Who is the founder of MaxPro Fitness?
MaxPro Fitness is a compact fitness gear designed for full-body workouts by individuals of all fitness levels. It is portable, lightweight (less than 10 lbs) and collapsible, making it an effective alternative to traditional gym equipment.
The MaxPro kit includes aerospace-grade aluminum and impact-resistant plastic components, a three-piece Quick Connect Long bar, exercise handles, ankle/wrist straps, door mount, and a USB charger – all pre-assembled.
The founder of MaxPro Fitness is Nezar Akeel, who holds a BS in mechanical engineering from Wayne State University and an MS in engineering management from Rensselaer Polytechnic Institute.
With a background in the automobile industry, Nezar created MaxPro after missing his workout sessions during business trips.
As a former Division I soccer player, he was passionate about strength training and searched for a portable workout system but found none, so he designed MaxPro himself.
The idea was born on a napkin 20 years ago and became a reality after a successful Kickstarter campaign in May 2019, raising $213,676. Products were delivered in August 2020.
MaxPro costs $979, making it more affordable than other home gym devices like Bowflex and NordicTrack. A wall track, bench, and back bag are also available for purchase.
All products can be found on their website and Amazon Store. Since launching in 2019, MaxPro has established a strong reputation.
What Happened to MaxPro Fitness at Shark Tank pitch?
In episode 1311 of Shark Tank, Nezar Akeel pitches his portable full-body cable machine, Max Pro, to the Sharks and seeks their investment and support in growing his business.
Nezar demonstrates the machine and its interaction with the app to the impressed Sharks. When he asks for $500,000 for a 2.5% stake in the company, the Sharks are taken aback by the high valuation of $20 million.
They inquire about sales, adaptability, and cost, and are impressed by the strong performance and growth of the business.
Daymond offers $500,000 with a royalty and equity agreement, while Mark offers $500,000 for 3% equity and advisory shares. Lori and Robert drop out, leaving Daymond and Mark as potential investors.
Nezar asks Mark for a line of credit, to which Mark responds positively, and Nezar ultimately secures the deal with Mark.
What Happened to MaxPro Fitness after Shark Tank?
MaxPro was successful in securing a deal with Mark after presenting on the show. Since then, the company has experienced substantial growth, going from a pre-revenue Kickstarter campaign to selling over 10,000 units in 56 countries, including all 50 US states, with more than $10 million in sales as of January 2022. MaxPro is still in business.
Competitors of MaxPro Fitness
The primary competitors of MaxPro Fitness are; Digitalhealthbuy, Fitness Deals Online, Fitness Cosmo and American Barbell among others.
Net Worth of MaxPro Fitness
MaxPro Fitness was valued at $20 million during its pitch on Shark Tank. Following Mark Cuban’s investment, the company’s worth was estimated at $16.7 million. Its net worth may have risen since then.
MaxPro Fitness FAQs
What is MaxPro Fitness?
MaxPro Fitness is small fitness equipment designed for individuals of all fitness levels to use for a full-body workout.
It is portable but effective, and it can replace most gym equipment while weighing less than 10 pounds and folding in half.
Who is the founder of MaxPro Fitness?
Nezar Akeel founded MaxPro Fitness in 2016. The concept for MaxPro arose after Nezar missed his exercises while on business trips.
Since he was a Division I soccer player at Eastern Michigan University, Nezar has been committed to strength and indoor interval training (IT).
How much was asking on Shark Tank?
Nezar was asking for $500,000 for 2.5% stake of his company valued at $20 million.
Did they have the deal?
Yes, they got a deal on Shark Tank from Mark Cuban.
How much was the deal?
Mark Cuban offered $500,000 for 3% stake of the company which was worth $16.7 million.
Is MaxPro Fitness still in business?
MaxPro Fitness is still in business as of January 2022.
What is the website of MaxPro Fitness?
The website for MaxPro Fitness can be found at https://www.maxprofitness.com/
How much does MaxPro Fitness cost?
The cost of the product varies from $849.
Is MaxPro Fitness good for my health?
The manufacturer claims that the equipment provides an effective full-body workout. It does not require any physical strength in order to use it.
What are the products?
The MaxPro Fitness includes a cable machine, back pack and bench.
Where is the company headquarters located?
The company is located in Northville Michigan.
Can MaxPro help you gain muscle?
Many studies have validated MaxPro unique concentric resistance profile as having equivalent muscle growth and muscle toning results when compared to other traditional types of resistance training. This is ideal if users want to gain muscle and strength.
What is MaxPro Fitness return policy?
Absolutely! Users have 14 days from receipt to test out the new MaxPro whole body fitness experience, and if they are not entirely happy, they may return it for a full refund, no questions asked.
What is the net worth of Nezar Akeel?
Nezar Akeel net worth is not available