Urban Float, spas and relaxation, was started by Joe Beaudry and Scott Swerland in March 2014. As of November 2023, Urban Float net worth is $3 million. And they’re pulling in a whopping $1 million in annual revenue.
In March 2019, they appeared on season 10 of Shark Tank USA and made a deal with Matt Higgins, for $500,000 for 12.5% of equity. The final valuation was $4 million, down from the founder’s initial estimate of $10 million.
Urban Float is still in business. It has seen some tremendous growth over the last couple of years and now has 15 locations across the United States. The company has plans to expand into other states in the future. To know about them in detail, visit their official website.
Urban Float Net Worth
| Net worth | $3 million (2023) |
| Annual Sales Revenue | $1 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Matt Higgins |
| Founders | Joe Beaudry and Scott Swerland |
| Employees | Not publicly available |
Urban Float Net Worth Timeline
| Net Worth 2023 | $3 million |
| Net Worth 2022 | $3 million |
| Net worth valuation 2019 after appearing on Shark Tank | $10 million |
| Net worth valuation 2019 before appearing on Shark Tank | $4 million |
Urban Float Pitch on Shark Tank
| Company name | Urban Float |
| Product | Spas and Relaxation |
| Episode | Season 10 Episode 16 |
| Founders | Joe Beaudry and Scott Swerland |
| Asked for | $500,000 for 5% equity |
| Final deal | $500,000 for 12.5% equity |
| Shark | Matt Higgins |
| Location | Tacoma, and Vancouver |
Don’t miss these product from Season 10
Urban Float Founders
Urban Float was founded by Joe Beaudry and Scott Swerland in 2014. They discovered floatation therapy but were disappointed with the limited and inconvenient locations. Urban Float’s founders, Joe Beaudry and Scott Swerland, have a net worth of $2.7 million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2019 | Appeared on Shark Tank season 10 and Matt Higgins $500,000 for 12.5% equity |
| 2020 | Reached 20 franchise locations across the United States and Canada |
| 2023 | Continues to expand with new franchise locations planned |
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 Urban Float and its continued success.
