Everybody knows the importance of oxygen for the body. Lack of oxygen in cells can lead to a tired body and low metabolism. But people who feel a lack sometimes, especially athletes, need something oxygen filled that is portable and can easily be carried whenever and wherever one needs it. Boost is 85% pure oxygen and contains the qualities of an energy drink, minus caffeine and sugar.
Boost comes in three flavors- pink grapefruit, menthol, and peppermint. People can buy Boost online from Amazon and offline from CVS stores. Boost comes in three types of cans- pocket-sized for $7.99 and offers 40 inhales, medium-sized for $9.99 and offers 100 inhales and a large can for $14.99 and offers 200 inhales.
Boost Oxygen at a Glance:-
| Idea | Canned Oxygen bottles. |
| Founders | Rob Neuner and Mike Grice |
| Asked For | $1,000,000 for 5% equity |
| Accepted Deal | $1,000,000 at a interest rate of 7.5% +6.5% equity |
| Sharks | Kevin O’Leary |
| Business status | In Business |
| Episode No. | Season 11, Episode 2 |
| Website | Boost Oxygen |
| Buy on Amazon | Buy Now! |
Index:
Who are the founders of Boost Oxygen?
The founders of Boost Oxygen are Rob Neuner and Mike Grice. Rob was a beer importer and, for business purposes, he spent many years in Europe, where he noticed that oxygen was made available to people in cans. He used to participate in triathlons and to give himself an energy boost, he started using the cans. He also used them to cure his jet lag.
He decided to sell something similar in the USA and commenced Boost Oxygen in 2007. The founders have collaborated with Major League Lacrosse as well. They just need a shark’s assistance to secure more deals with other sports organizations as well.
Did Boost Oxygen get a deal on Shark Tank?
Rob Neuner and Mike Grice went to the shark tank seeking an investment of $1,000,000 for 5% equity in exchange. When shark about the need for investment, Duo shared that they needed an investment and shark expertise to build up their retail distribution. Rob shared that they are making sales of $6.4 million per annum with a profit of $1.5 million.
All the sharks were impressed by the sales figures and there they presented them. Roham Oza said, Boost oxygen is trying to educate people on the problem which no one is even aware of and, therefore, he went out. Barbara Corcoran said I would like to spend my investment on a nice beach house rather than invest in Boost oxygen and go out. Lori Greiner shared that she wasn’t the right fit for business and went out.
Mark Cuban said I didn’t find any angle to convince myself to take a step and, therefore, he went out too. Kevin O’Leary ( Mr. Wonderful ) was only left in the tank and he saw some angle and offered $1 million at 9% interest with a due period of 3 years, along with 7.5% in equity in the business.
Rob and Mike couldn’t miss this offer, so, they gave a counter offer of $1 million at a 6% interest rate along with a 5% equity in Boost Oxygen. Kevin O’Leary gave another offer of $1 million at an interest rate of 7% equity along with 6.5% equity in the business. Mike and Rob accepted the second offer from Kevin O’Leary.
What happened to Boost Oxygen after the Shark Tank Show?
After the show, like other businesses, Boost Oxygen was also able to generate my leads through the shark tank. Once the show aired, it was declared that the deal made on the show was closed. After the show, Kevin put all his effort in and started promoting the business based on his expertise. Soon, they captured positions in CVS stores and 30 other national chains, which included Dick sporting goods and Bass pro shops.
Boost oxygen also came on the biggest market platform, Amazon. During the pitch, Boost oxygen was at the valuation of $20,000,000, which was later updated by Kevin’s offer. Boost oxygen appeared again on the show in episode 1223. Before their appearance on the show, they used to do $6.4 million in sales yearly, but after the show, they had made sales of $15 million in less than a year.
After the show, Boost oxygen seemed to be alive as it jumped directly from 4000 stores to 8000 stores in retail distribution. Boost oxygen was also spotted in stores of Krogers and Walgreens.
Kevin O’Leary shared that boosting oxygen is going to be huge and his words were true. Boost Oxygen comes in three sizes: a pocket size, a medium can, and a large can. The pocket size costs $7.99 and can be inhaled up to 40 times, the medium can cost $9.99 with 100 inhales and the larger one costs $14.99 with 200 inhales. As of 2021, they have their market all over and are making annual sales of $20 million, which is completely insane.
Competitors of Boost Oxygen are:-
- Well Air
- Silver Health
- MYX fitness
- Live Well
What is the net worth of Boost Oxygen?
The valuation at the time of the show was $20 million as per the founders. The estimated net worth of Boost Oxygen is $15 million.
Is Boost Oxygen still in business?
Boost oxygen is still in business and is doing great. Boost Oxygen has various flavors which are enough to serve the taste of every customer. Boost Oxygen has jumped from 4000 stores to 8000 stores in a very short period and is moving at light speed across the nation. Bizz Bucket wishes more speed and prosperity to boos Oxygen.
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FAQs:
What is Boost Oxygen?
Who founded Boost Oxygen?
The founders of Boost Oxygen are Rob Neuner and Mike Grice. Rob was a beer importer and, for business purposes, he spent many years in Europe, where he noticed that oxygen was made available to people in cans. He used to participate in triathlons and to give himself an energy boost, he started using the cans.