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Sproing Fitness Net Worth 2023 Update (Before & After Shark Tank)

Sproing-Fitness-Shark-Tank-US-Net-worth-Update

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 InvestorNone
FoundersPaul Toback and Steve Lenz
Employees25

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 before appearing on Shark Tank  $6.2 Million

Sproing Fitness Pitch on Shark Tank

Company nameSproing Fitness
ProductFitness gym offering HITT workouts
EpisodeSeason 10 Episode 09
Founders Paul Toback and Steve Lenz
Asked for$500,000 for 8% equity
Final dealNo deal
SharksN/A
LocationSproing 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

YearAccomplishment
2023Garnering recognition and interest from the fitness industry, including being featured at the IHRSA 2013 conference
2021Developing and manufacturing the Sproing Trainer, a unique fitness device that provides an intense cardio and strength workout while reducing the risk of injury
2019Appearing 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 Spretz and its continued success.

What do you think?

Written by GAG Team

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