Boost Oxygen Shark Tank Update
Even though the market was not ready for Boost Oxygen, they managed to hit a million-dollar deal. Boost Oxygen appeared on Shark Tank season 11, episode 2. Just like any other company, Boost Oxygen also got lost in the woods and you may even ask, was Boost Oxygen on Shark Tank?
What is Boost Oxygen Shark Tank Update? Rob Neuner, the founder of Boost Oxygen, asked for $1 million for 5% equity from the Sharks, but finally ended up with $1 million as a loan for 6.25% equity. Now, the company’s net worth is 15 million US Dollars.
This article will dig into everything from their net worth to sales data. So, without wasting any more time, let’s get started.
Boost Oxygen Shark Tank Profile
Before we go into the details, we will look into a table that consists of the Boost Oxygen profile.
| Company Name | Oxygen Boost |
| Founder | Rob Neuner |
| Founded | 2007 |
| Product | Provides pure, natural oxygen |
| Business Status | In business |
| Episode (Shark Tank USA) | Season 11 Episode 2 |
| Asked For | $1 million for 5% equity |
| Final Deal | $1 million as a loan for 6.25% equity |
| Shark | Kevin O’Leary |
| Net Worth | 15 million US Dollars |
| Air Date | Oct 6, 2019 |
| Headquarters | Milford, Connecticut, United States |
| Watch On | Amazon Prime |
| Website | Visit Website |
| Go To Amazon | Buy Now |
| Visit Instagram Profile | |
| Visit Twitter Profile | |
| View Linkedin Profile | |
| Contact | View Contact Page |
What Happened To Boost Oxygen After Shark Tank
Most people weren’t introduced to the idea that they could buy external oxygen traditionally. Yes, people were familiar with the fact that oxygen tanks are available at the hospital for people with breathing problems. But no one knew small oxygen boost bottles were available for day-to-day use.
Besides the money, Boost Oxygen after Shark Tank faced immense brand recognition. This resulted in a significant boost in sales and exposure that helped them to reach the idea to a wider customer base.
People now know of Boost Oxygen who are into sports, live in high altitude areas, or polluted areas. As a result, more individuals are becoming familiar with the concept every day and are seeing outcomes that increase sales.
So if you are wondering what happened to Boost Oxygen after Shark Tank, they turned over a new leaf. It was not only the million-dollar loan for 6.25 equity but the fame that was important here.
On the other hand, there was only a 4,000 retail presence before the Boost Oxygen shark tank episode. As of 2023, they have an 8,000 retail presence, which includes famous supermarkets such as Walmart, CVS, and Walgreens.
Boost Oxygen Net Worth
Boost Oxygen is a private company, so they are not bound to share their net worth publicly. Even though some companies share their net worth while being private companies, Boost Oxygen doesn’t.
However, the estimated net worth of Boost Oxygen today is 15 million US Dollars. Along with the push from Shark Tank, they have also revised their product by adding new flavors in oxygen that the users can consume.
Nevertheless, we cannot give all the credit to Shark Tank though. Before coming to the show, Boost Oxygen already made a profit of $1.5 million.
Boost Oxygen Sales Data
Unfortunately, there is no sales data for Boost Oxygen available publicly. The only figure we were able to manage was that the company sells an average of $ 15 million worth of Boost oxygen bottles per year. However, this is just an estimation and shouldn’t be counted on entirely.
Is Boost Oxygen Profitable Now?
According to the discussion above, the company is doing great and certainly profitable. As we can only estimate, the expected sales for the end of 2023 are around $20 million, with a profit of $4 million.
Well, there’s no way a company like Boost Oxygen would not be profitable. It’s the way they have planned to hop into the market that made them so successful.
- Firstly, the niche they have selected is quite narrow, where there are almost no competitors.
- Similarly, their accessibility also contributes to their success. Boost Oxygen has ensured you can buy it whenever you want—starting from their website to known supermarkets that you visit regularly.
- Lastly, this is a health product and who doesn’t want to be healthy? Thus, this company has found new ways to stay healthy and attract customers through this amazing idea.
Conclusion
To conclude, the Boost Oxygen Shark Tank update now is praise-worthy. Appearing on Shark Tank was the only push they needed to succeed. As the idea of retail-bought oxygen was not so beginner-friendly, Shark Tank was the perfect place to preach the product.
They are making sales of an estimated $20 million, where the profit margin is good enough to put $4 million in their profit bucket. Even though the sales data through the years isn’t available, we have seen them making a profit before Shark Tank’s appearance. With the push, they must be making more.
