Do you always have to sacrifice aspects of your workout routine due to a lack of time? Stacy Erwin has created an intriguing product that helps with resistance training on the go. Will the sharks feel fit to invest on
If you’re short on time, here’s a quick overview of what happened to Fitness Stride after
Fitness Stride appeared on
Shark Tank Fitness Stride Update
- Entrepreneur: Stacy Erwin
- Business: Resistance training product
- Ask: $140,000 for 15% equity
- Result: No deal
- Shark: None
Stacy brought Fitness Stride to
He gave each of the sharks samples of the product, which made them feel how it works without having to move. Kevin O’Leary stated that he still didn’t quite understand how it works, and Stacy went into further detail.
He claimed that the Fitness Stride would solve obesity in children, lower back pain, and even tighten your abs. He also said it can tone, shape, and firm, in addition to helping athletes fun faster, and longer.
His product is designed to help people get in shape, while they multitask. There are a lot of claims for one product, so the question is, are customers buying it?
Kevin O’Leary then asks how much the product is being sold for, and what it costs to make. Stacy informs him that for $49.95, the customer will get two sets of color-coded power bands, with thirty-six different resistance combinations.
He pays $10 a unit to make the Fitness Stride, and the product is being sold in Footlocker shops, and online. He talked about how his problem with the product is marketing, and that not enough people know about it.
Robert Herjavec asked about Stacy’s sales in the previous year. He shared that so far he had sold $150,000 and made a profit of $60,000.
Daymond John stated that Stacy has given his company a valuation of $900,000, but Stacy seemed unaware of the valuation total. He justified it by placing value on his patent, which he estimates to be worth about $400,000.
This prompts Robert to ask how he plans to take his sales up to millions. Stacy says he’ll do infomercials, which is the perfect cue for Kevin Harrington to jump in.
He says Stacy is making a lot of promises, but he doesn’t feel more than a burn in his legs when he is wearing the product. Additionally, he does not understand how someone can get a whole-body workout with the product.
Kevin H. goes on to ask if there are before and after photos, but Robert chimes in saying that he doesn’t see how it would appeal to people who didn’t work out.
Robert is the first shark to drop out. Kevin H. then follows out, because the product doesn’t stand out for him.
Daymond also goes out, because the valuation is too rich for him. Barbara Corcoran says she admires Stacy and is sold on him, but not the product.
Kevin O. is the last to go out, so Stacy has to leave without a deal. Keep reading our Fitness Stride update to find out what happened following
Our Fitness Stride update reveals that Stacy’s appearance on
Sadly for Stacy, it seems that his company is out of business.
This will be our final Fitness Stride update.
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!