MAXPRO Fitness, What happened to the portable exercise device after the shark tank

MAXPRO Fitness, What happened to the portable exercise device after the shark tank

Among several exercising equipment manufacturing brands, MAXPRO Fitness has become an inevitable brand due to its smart intentions. Along with their approach to Shark Tank, they could achieve more than they could have imagined.

What is MaxPro Fitness?

A product gets a higher demand in the market if it can replace several other products at the same time. MaxPro Fitness is such an invention that has been able to replace several types of equipment in a gym.

MAXPRO Fitness is a body fitness equipment that provides exercise to the entire body. It is for individuals of different fitness levels, and even the beginner can use it. As a portable exercise device, it is effective for an individual in many ways.

MAXPRO Fitness is a body fitness equipment that provides exercise to the entire body

Founder of MaxPro Fitness

Nezar Akeel is the founder of MAXPRO Fitness and lives in the Detroit Metropolitan Area. Although he got the idea of MAXPRO Fitness 20 years ago, his busy schedule and other business plans had kept him busy all the time.

Along with his sporting career as a soccer player at Michigan University, he had collected lots of experience to design 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 the portability and the affectivity of his device. Through his speech, he explained that exercise, as well as sports, are essential for the entire world.

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 the questions related to the income. Then, Nezar answered that it was $4M since July 2020. Also, Nezar said that the revenue for MAXPRO Fitness had been $8M since 2020, and their target is to make it $12M by the end of 2022.

Lori maintained the silence until she asked, “How far this device can adapt to different personalities?”. Nezar Akeel displayed a video that demonstrated people working out in different positions. Meanwhile, Nezar said that he had to borrow money because his profit was not enough in 2020.

Also, Daymond seemed impressed with the way MAXPRO Fitness 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, and it was the final. The deal closed.

MaxPro Fitness SHARK TANK UPDATE

The deal closed at the Shark tank was by Mark for equity of 3% for his $500,000. Also, the founder Nezar Akeel revealed that he wanted to bring the annual revenue up to $12M this year, 2021.

Since then, it has passed the year 2021, and a deal has been made between Mark and the company. Lots of things have happened since then with the company as well.

Also read: What Happened to the Bosscoop After Shark Tank?

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 the year 2022, the MAXPRO Fitness company had been able to record 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 Fitness manufacturer had not taken action to restrict the feedback given by the app as well. The MAXPRO Fitness Company had mentioned that the product was in delivery to 56 more countries all around the world along with 50 states in the USA itself.

When coming to the expected and the real revenue, the company had not been able to reach the $12M revenue from $8M but reached $10M at the end of the year. 

MaxPro Fitness net worth in 2022

The approximate MaxPro Fitness net worth in 2022 is about $25 million at the end of March 2022. The company’s new investor’s capital and the revenue have brought this net worth to the company.

Competitors off MaxPro Fitness

Digitlahelathbuy, GAR Technologies, Pnestec, SoloSoft, Fitness Deals Online, and Fitness Cosmo are the top competitors for MaxPro Fitness.

FAQ

What is MAXPRO?

The MAXPRO is fitness equipment that promises to provide a complete body workout for any individual of any age or fitness level.

Does maxpro build muscle?

Yes. It is highly applicable for building muscle because the maxpro provides a complete body workout, including muscle growth as a benefit.

How much does maxpro fitness cost?

A maxpro body workout machine costs $979. But, the discounted price during festival seasons will be $849.

Did maxpro get a deal on Shark Tank?

Yes, they made a deal with Mark, who agreed to 3% equity for a price of $500,000.

Where Is Maxpro Fitness Now?

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 25M USD worth and have a revenue of $10M yearly.

How much is the maxpro fitness net worth in 2022?

MaxPro Fitness’s net worth in 2022 is about $25 million at the end of March 2022.

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