MAXPRO Fitness Shark Tank Net Worth

MAXPRO Fitness, as featured on episode 09 of season 13 of Shark Tank, is a portable fitness system designed to solve the problem of missed workouts while traveling for business.

Founded by Nezar Akeel, MAXPRO offers a versatile strength training solution that allows users to adjust resistance levels from 5 to 300 pounds. It is made possible by its patent-pending power-clutch system, exclusive lock system, and resistance dials.

The device, weighing just 10 pounds and fitting into a backpack, provides users with a full gym experience, offering over 200 different exercises to target the entire body.

Crafted from aerospace-grade aluminum and impact-resistant plastic, MAXPRO’s 10-foot cables are stronger than steel and can withstand heavy-duty use.

Additionally, the system features ankle wrist straps that swivel in all directions, workout handles designed for durability, and Bluetooth connectivity to a coaching app for real-time feedback.

MAXPRO Fitness is a convenient and effective fitness solution for users at all levels of fitness, thanks to its wide range of features and capabilities.

Company NameMax Pro Fitness
FounderNezar Akeel
ProductPortable resistance cable machine
Investment Seeking$500,000 for 2.5% equity
Final Deal Accepted$500,000 for 3% equity + 5% advisory shares over 5 years
Shark NameMark Cuban
EpisodeSeason 13, Episode 09
Business StatusIn Business
WebsiteMAXPRO Fitness Website
Net Worth$7 million

What Is MAXPRO Fitness?

MAXPRO Fitness is a compact and portable workout machine that offers up to 300lbs of adjustable concentric resistance. It allows for a complete full-body workout without the need for dedicated space, making it ideal for home use or travel.

MAXPRO Fitness is a type of exercise machine that customers have reviewed positively for its size, quality, ease of setup, and performance. It is praised for being versatile, compact, and easy to use, making it suitable for home workouts and even for travel.

MAXPRO Fitness Shark Tank Net Worth

MAXPRO features a PowerClutch System for adjustable resistance, Bluetooth workout tracking, and a variety of exercise styles such as resistance, strength, HIIT, plyo, suspension, and stretching.

Additionally, it comes with a Coaching App for performance tracking and fitness coaching. The product aims to revolutionize fitness by providing a convenient and effective workout solution for users of all fitness levels.

Who Is The Founder Of MAXPRO Fitness?

Nezar Akeel is the founder and CEO of MAXPRO Fitness. He holds a BS in mechanical engineering from Wayne State University and an MS in engineering management from Rensselaer Polytechnic Institute.

Nezar’s background includes a career in the automotive industry, specializing in interior plastic moldings and truck units. The idea for MAXPRO Fitness originated from Nezar’s personal need for a portable fitness system while traveling for business.

Nezar Akeel, a former Division 1 soccer player, missed his workouts during business trips. Unsatisfied with existing portable fitness options, he took matters into his own hands.

Nezar’s vision for a compact, versatile, and powerful fitness solution began with doodles on a cocktail napkin over 20 years ago.

With a team of engineers from Detroit inspired by innovative designs, Nezar brought his vision to life. MAXPRO Fitness was born out of his dedication to exercise and strength training.

Before its debut on Shark Tank, MAXPRO Fitness had already gained significant traction. It had sold over 10,000 units across 56 countries, generating revenue exceeding $10 million.

The MAXPRO technology won the Consumer Electronics Show’s “Best of Innovation” award for its adjustable resistance and durable cables.

Additionally, MAXPRO had formed a strategic partnership with Shaquille O’Neal, aligning with his mission to inspire individuals of all fitness levels.

How Was The Shark Tank Pitch Of MAXPRO Fitness?

  • Entrepreneur: Nezar Akeel
  • Product: Portable resistance band machine – MAXPRO Fitness system
  • Ask: $500,000 for 2.5% equity
  • Result: Accepted deal of $500,000 for 3% equity and 5% advisory shares over 5 years from Mark Cuban

MAXPRO Fitness is a portable resistance band machine manufactured by entrepreneur Nezar Akeel, which was presented in Season 13 of Shark Tank.

Nezar requested $500,000 for a 2.5% equity stake and received varying reactions from the Sharks.

MAXPRO Fitness Shark Tank Net Worth

Mark Cuban was the first to make an offer, proposing $500,000 for 3% equity and 5% advisory shares over 5 years, which Nezar eventually accepted after some negotiation.

Daymond John initially offered a different deal but later rescinded it. Lori Greiner, Kevin O’Leary, and Robert Herjavec did not make any offers.

Ultimately, the table-turning moment came when Nezar and Mark Cuban reached an agreement for a $500,000 investment in exchange for 3% equity and 5% advisory shares over 5 years.

This successful deal marked a pivotal moment for MAXPRO Fitness and set the stage for its continued growth and success in the fitness industry.

Shark Reactions:

  • Mark Cuban: Offered $500,000 for 3% equity and 5% advisory shares over 5 years, matching Nezar’s counteroffer
  • Daymond John: Rescinded offer of $500,000 for a $25 per unit royalty, then 4% equity
  • Lori Greiner, Kevin O’Leary, Robert Herjavec: No offers
Shark NameInvestment OfferedCounter Offer by FounderFinal Deal Accepted
Mark Cuban$500,000 for 3% equity + advisory sharesMatched founder’s counteroffer$500,000 for 3% equity and 5% advisory shares over 5 years

Did MAXPRO Fitness Get a Deal on Shark Tank?

Yes, MAXPRO Fitness successfully secured a deal on Shark Tank. Mark Cuban invested $500,000 in the company for 3% equity and an additional 5% advisory shares over 5 years.

This investment has significantly contributed to the company’s growth and success since the episode aired.

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What Happened To MAXPRO Fitness After Shark Tank?

MAXPRO Fitness has continued to thrive after its appearance on Shark Tank. Despite some minor critiques, the company has maintained a strong presence in the fitness industry.

The company boasts a robust online presence, selling its products on its website and platforms like Amazon. MAXPRO Fitness has garnered positive reviews, with its original Portable Cable Machine maintaining a respectable 4.1-star rating on Amazon.

The company’s active engagement on social media, particularly on Instagram, has helped it reach a wide audience, featuring fitness influencers, military personnel, and even celebrities like Chris Daughtry.

MAXPRO Fitness has also hinted at future developments, such as integrating more technology into its products, with plans for immersive VR workouts in the pipeline.

MAXPRO Fitness Shark Tank Net Worth

In terms of financial performance, MAXPRO Fitness has shown promising growth. Despite initial skepticism from the sharks on “Shark Tank,” the company’s innovative approach to at-home fitness equipment has resonated with consumers.

With its unique selling points like portability and versatility, MAXPRO Fitness has carved out a niche for itself in the competitive fitness market.

MAXPRO Fitness is still in business and appears to be on an upward trajectory. Based on its continued operations, positive customer reviews, and ongoing product developments, MAXPRO Fitness seems to be a thriving business with a promising future ahead.

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MAXPRO Fitness Shark Tank Update

After appearing on Shark Tank, MAXPRO Fitness experienced significant growth and success in its business. The company was able to secure a deal with Mark Cuban and Lori Greiner on the show, which helped propel its sales and market presence.

MAXPRO Fitness continued to grow its business post-Shark Tank, recording impressive sales numbers and expanding its product offerings.

The company saw a surge in demand for its portable cable machine and other fitness equipment, especially during the pandemic when more people were working out at home.

As of the latest information available, MAXPRO Fitness is still in business and thriving. The company has expanded its reach globally, delivering products to 56 countries worldwide and all 50 states in the USA.

With over 10,000 active users on its app and a growing customer base, MAXPRO Fitness has become one of the fastest-growing companies in the fitness equipment industry.

In terms of net worth, the company’s valuation was $20 million during the Shark Tank pitch. After securing the investment from Mark Cuban, the company’s valuation was reported to be $16.7 million.

MAXPRO Fitness is still in business with a net worth of $7 million and has been thriving after its appearance on season 13 of Shark Tank.

MAXPRO Fitness has not gone out of business and is thriving in the fitness equipment market. With a strong online and offline presence, positive customer reviews, and a high demand for its products, MAXPRO Fitness remains a key player in the industry.

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What Is the Net Worth Of MAXPRO Fitness?

The net worth of MAXPRO Fitness is estimated to be $7 million. The valuation of MAXPRO Fitness was $6.25 million after securing an investment from Mark Cuban on season 13 of Shark Tank.