Sproing Fitness, an interval workout machine, was started by Paul Toback and Steve Lenz in 2014. As of September 2023, Sproing Fitness’s net worth is $30 Million, and they’re pulling in a whopping $12 million in annual revenue.
On January 6, 2019, they appeared on Season 10 of Shark Tank USA, seeking $500,000 for 8% equity, valuing the company at $6.2 million. The Sharks were impressed, But they also had concerns about the product’s high price.
Sproing Fitness is still in business as of September 2023. The company has five studios, and they’ve continued to make inroads in sales to other fitness facilities. They are also actively seeking investors on their website.
Sproing Fitness Net Worth
| Net worth | $30 Million |
| Annual Sales Revenue | $12 million |
| Profits | – |
| Lifetime Sales | – |
| Shark Tank Investor | None |
| Founders | Paul Toback and Steve Lenz |
| Employees | 25 |
Sproing Fitness Net Worth Timeline
| Net Worth 2023 | $30 Million |
| Net Worth 2022 | $20 Million |
| Net Worth 2021 | $15 Million |
| Net Worth 2020 | $10 Million |
| Net worth valuation 2019 after appearing on Shark Tank | $6.2 Million |
| Net worth valuation 2019 before appearing on Shark Tank | $6.2 Million |
Sproing Fitness Pitch on Shark Tank
| Company name | Sproing Fitness |
| Product | Fitness gym offering HITT workouts |
| Episode | Season 10 Episode 09 |
| Founders | Paul Toback and Steve Lenz |
| Asked for | $500,000 for 8% equity |
| Final deal | No deal |
| Sharks | N/A |
| Location | Sproing Fitness Lincoln Park, Chicago |
Sproing Fitness Founders
Sproing Fitness was founded by Paul Toback and Steve Lenz in 2014. Paul Toback is the current Founder and Chief Executive. Steve Lenz is also a co-founder in the fitness industry. Sproing Fitness’s founders, Paul Toback and Steve Lenz, have a net worth of 30 USD million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2023 | Garnering recognition and interest from the fitness industry, including being featured at the IHRSA 2013 conference |
| 2021 | Developing and manufacturing the Sproing Trainer, a unique fitness device that provides an intense cardio and strength workout while reducing the risk of injury |
| 2019 | Appearing on the popular TV show Shark Tank in 2019 |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Sproing Fitness and its continued success.