A product gets a higher demand in the market if it can replace several other products simultaneously. MaxPro Fitness is an invention that has replaced several gym equipment types. Along with their approach to Shark Tank, they could achieve more than they could have imagined.
What is MAXPRO Fitness?
MAXPRO Fitness is a body fitness equipment that provides exercise to the entire body. It is for individuals of different fitness levels; even the beginner can use it. As a portable exercise device, it is effective for an individual in many ways.
Who owns MAXPRO Fitness?
Nezar Akeel is the founder of MAXPRO Fitness and lives in the Detroit Metropolitan Area. Along with his sporting career as a soccer player at Michigan University, he had collected lots of experience in designing his exercise equipment.
What happened at the Shark Tank
Nezar Akeel stepped into the Shark tank with his assistance, who held a MAXPRO Fitness in her hand. His intention must have been to show his device’s portability and affectivity.
He also insisted that the MAXPRO Fitness is not a simple toy that could replace other workout exercise equipment. But a complex device that needs to be operated using an app.
Sharks seemed interested, and Robert was the first to come up with a question. He asked about the stress that could be given through the exercise machine. Also, then Kevin came up with questions related to the income.
Then, Nezar answered that it was $4M since July 2020. Also, Nezar said that the revenue for MAXPRO had been $8M since 2020, and their target was to make it $12M by the end of 2022.
Lori maintained the silence until she asked, “How far can this device adapt to different personalities?”. Nezar Akeel displayed a video that demonstrated people working out in different positions.
Also, Daymond seemed impressed with how MAXPRO was going and made an offer of $500,000 for equity of 4%. But, he could not move forward because Mark made a deal of 3% of equity for the $500,000, which was the final. As of 2023, we haven’t found any proof that Mark finalized the deal.
Here, you can see Shark Tank pitch as a summary,
|Portable resistant band machine
|Season 13 Episode 09
|$500,000 for 2.5% equity
|$500,000 for 3% equity and 5% advisory shares over 5 years
What happened to MAXPRO Fitness After the Shark Tank
Right after the deal closed, Mark rushed to the stage and checked the MAXPRO Fitness equipment. On the same night, he had posted an image with a MAXPRO Fitness stating that a deal had been made.
By the beginning of 2022, the MAXPRO company had recorded sales of 10,000 units worldwide.
Not only that, but the company had become a top-earning company in the same category, the exercising equipment.
However, there was a little murmuring on the night of changing the MAXPRO Fitness app that had not happened. It was visible that a few updates had been added to the app. More importantly, the MAXPRO manufacturer had not taken action to restrict the app’s feedback.
Now more than 10000 active users are using the app.
The MAXPRO Fitness Company had mentioned that the product was delivered to 56 more countries worldwide and 50 states in the USA itself.
Now more than 50 employees work in this company. It has become the Fastest Growing Company, with more than 10,000 customers joining it every year.
MAXPRO Fitness net worth in 2023
In 2021, the company made $10 million in revenue. For 2022, it was expected to reach $13 million in annual revenue. Also, the founder Nezar Akeel revealed that he wanted to increase annual revenue to $20M up coming year, 2024. The approximate MaxPro Fitness net worth in 2023 is about $16 million at the end of October 2023.
Competitors off MAXPRO Fitness
Digitlahelathbuy, GAR Technologies, Pnestec, SoloSoft, Fitness Deals Online, and Fitness Cosmo are the top competitors for MaxPro Fitness.
The MAXPRO is fitness equipment that promises to provide a complete body workout for any individual of any age or fitness level.
Yes. It is highly applicable for building muscle because the maxpro provides a complete body workout, including muscle growth as a benefit.
A maxpro body workout machine costs $979. But, the discounted price during festival seasons will be $849.
They made a deal with Mark, who agreed to 3% equity for $500,000.
They are in great shape because the deal with Mark from Sharktank was a success, and they had an increased sales of 10,000 in 2021. They are about 16M USD worth and have a $10M yearly revenue.
MaxPro Fitness’s net worth in 2023 is about $16 million at the end of October 2023.