Boost Oxygen Net Worth – What happened after Shark Tank?

What is Boost Oxygen?

Boost Oxygen is supplemental oxygen company that offers 95% pure oxygen in bottles.

Boost oxygen brings the canned oxygen experience to consumers’ homes.

Our bodies need oxygen to make energy, and the air we breathe only has about 25% oxygen. Boost Oxygen was designed to have 95% pure oxygen on hand and available without prescription, anytime and anywhere.

Boost Oxygen comes in different bottle sizes and three different therapeutic flavors.

Check Out More Reviews

Overall Score: 97/100

What is Boost Oxygen’s Net Worth?

Company Name

Boost Oxygen

Owners

Rob Neuner and Mike Grice

Shark

Kevin O’Leary

Equity

6.25%

Interest

7%

Investment

$1, 000, 000

Location

Milford, Connecticut

Net worth

±15 million

Who is The Owner of Boost Oxygen?

Rob Neuner and Mike Grice are the founders of America’s accessible canned Oxygen.

After travelling to Czech Republic for his Beer Importing business, Neuner used bottles of supplemental oxygen to help with exhaustion and jetlag. Enjoying it so much, he began doing extensive research on it and realized there was next- to non-available in the U.S.

Why is Boost Oxygen so Popular?

While Boost Oxygen may seem like a hoax, there are many benefits that come from taking in pure oxygen.

Not only does it provide one with a refreshing sensation, it also gives consumers a burst of energy when tired or exercising which reduces the amount of recovery time needed to catch one’s breath when performing strenuous activity.

Shark Tank Appearance – Did It Go Through?

Prior to making their debut on Shark Tank, Boost Oxygen has made $6.4 million in sales and $1.5 million in profit.

While these numbers impressed the Sharks, there were concerns about the safety and potential risks involved. Thus, one by one the sharks backed out leaving Kevin O’Leary to make an impressive offer.

Neuner and Grice went onto the Tank hoping to secure an investment of $1,000,000 in exchange for 5% equity and while Kevin heard their offer, he went on to suggest $1,000,000 investment for 6.25% equity with an additional 7% interest.

After consideration, the Boost Oxygen partners accepted Kevin’s offer and walked out of the Tank with an investor in hand.

Where is Boost Oxygen Today?

Since their appearance on Shark Tank, Boost Oxygen’s sales and growth has feel reaching new limits. The company’s product is sold in over 30 countries nationwide including CVS, Bass Pro Shops and so many more.

Since then, they have made over $15 million in sales and have expanded from 4000 stores in the U.S to over 8000, including Walmart and Kroger.

It is safe to say that they are doing exceptionally well.

Conclusion

Boost Oxygen continue to be motivated in sharing their product globally and helping those who need it, get the extra boost.

It is no doubt that the company is ever-growing and expanding, and we can only imagine where it will be in a few years’ time.

Check Out More Reviews

Overall Score: 97/100