Are you curious about the net worth of Maxpro Fitness before and after their appearance on Shark Tank? Well, you’ve come to the right place! In this article, I will take you through the incredible journey of Maxpro Fitness, a portable full-body exercise cable machine that has taken the fitness industry by storm.
Founded in 2019 by Nezar Akeel in Rochester, Michigan, Maxpro Fitness offers a convenient solution for people who struggle to find time for fitness in their daily lives. Their portable, resistance cable machine serves as a replacement for traditional gym equipment and is perfect for home workouts, office use, or even travel.
When Nezar pitched his innovative product on Shark Tank Season 13 Episode 9, he asked for $500,000 in exchange for 2.5% equity. Little did he know that this appearance would be a turning point for Maxpro Fitness.
Since its debut on Shark Tank, Maxpro Fitness has experienced remarkable growth. Sales have soared to $10 million, and the company is now valued at an impressive $16 million. With such success, it’s no wonder that Maxpro Fitness continues to be a force to be reckoned with in the fitness industry.
- Maxpro Fitness is a portable full-body exercise cable machine founded by Nezar Akeel in 2019.
- The company appeared on Shark Tank Season 13 Episode 9, asking for $500,000 in exchange for 2.5% equity.
- Their product serves as a replacement for traditional gym equipment and is designed for people with busy schedules.
- Since appearing on Shark Tank, Maxpro Fitness has reached sales of $10 million and a valuation of $16 million.
- Maxpro Fitness continues to be a thriving business, leading the way in the fitness industry.
What is Max Pro Fitness and Who is the Founder?
Max Pro Fitness is a company that specializes in designing and manufacturing portable, resistance cable machines. These innovative machines are compact, lightweight, and perfect for individuals on the go, whether for travel, office use, or home workouts. The Max Pro Fitness product features a power clutch system and utilizes a cable that is 15 times stronger than steel, providing users with a durable and effective exercise experience.
The founder of Max Pro Fitness is Nezar Akeel, an accomplished engineer with a background in mechanical engineering and engineering management. Nezar’s passion for fitness and his own experiences while traveling for business inspired him to create a portable fitness system that could be used anywhere. Leveraging his engineering expertise, Nezar designed the Max Pro Fitness machine to be versatile, convenient, and highly functional.
With its focus on quality and innovation, Max Pro Fitness has gained recognition in the fitness industry as a leader in portable workout solutions. The company continues to develop and improve its products, ensuring that fitness enthusiasts can maintain their exercise routines effortlessly, no matter where they are.
The Power of Max Pro Fitness
Max Pro Fitness machines are engineered to provide a comprehensive workout experience. The combination of the power clutch system and the durable resistance cable allows users to target specific muscle groups effectively. Whether it’s strength training, cardio, or flexibility exercises, the Max Pro Fitness machine offers a wide range of workout options for individuals of all fitness levels.
|Compact and Lightweight
|Easy to store and transport
|Durable Resistance Cable
|Ensures a challenging and effective workout
|Power Clutch System
|Provides smooth and seamless resistance
|Versatile Exercise Options
|Allows for a wide range of workouts
|Suitable for All Fitness Levels
|Adaptable to individual needs and goals
Max Pro Fitness is committed to helping individuals achieve their fitness goals with the convenience and versatility of their portable cable machines. With the dedication and expertise of founder Nezar Akeel, the company continues to push boundaries and redefine what it means to have a complete workout experience, anytime and anywhere.
Max Pro Fitness Before and After Shark Tank
Let’s take a closer look at how Max Pro Fitness has fared before and after its appearance on Shark Tank. Before entering the tank, the company ran a successful Kickstarter campaign in 2019, raising an impressive $213,676. This early boost in funding allowed them to bring their innovative portable resistance cable machines to life.
By July 2020, Max Pro Fitness had already generated a staggering $4 million in sales. The company’s revenue continued to climb, reaching $8 million by mid-2021. These numbers speak to the growing demand for their high-quality fitness equipment.
With a manufacturing cost of $205 per machine and a selling price of $879, Max Pro Fitness has managed to maintain a low return rate of just 5%. This speaks volumes about the reliability and satisfaction that customers experience with their products. In fact, the company’s cash flow turned positive in 2020, generating a profit of $50,000.
Since appearing on Shark Tank, Max Pro Fitness has experienced remarkable growth. Sales have soared, and the company now boasts over 10,000 active users of their coaching app. As a result, their net worth currently stands at an impressive $16 million. With projections pointing towards annual sales of $20 million by 2024, it’s evident that Max Pro Fitness continues to thrive in the wellness and fitness services industry.
What is Max Pro Fitness?
Max Pro Fitness is a portable, resistance cable machine designed for home workouts and on-the-go fitness.
Who is the founder of Max Pro Fitness?
The founder of Max Pro Fitness is Nezar Akeel, an engineer with a background in mechanical engineering and engineering management.
How much did Max Pro Fitness raise in their Kickstarter campaign?
Max Pro Fitness raised $213,676 in their successful Kickstarter campaign in 2019.
What was Max Pro Fitness’ sales before appearing on Shark Tank?
Max Pro Fitness had generated $4 million in sales by July 2020.
How much does it cost to manufacture one Max Pro Fitness machine?
The cost to manufacture one Max Pro Fitness machine is $205.
What is the current net worth of Max Pro Fitness?
The current net worth of Max Pro Fitness is estimated to be $16 million.
How many active users does Max Pro Fitness have on their coaching app?
Max Pro Fitness has over 10,000 active users on their coaching app.