Oxygen is the most important element for the heart, brain, and lungs to function. Because of this, Rob Neuner and his business partner, Mike Grice, came up with a way to make compressed oxygen as available as bottled water. Will they get a financial boost from a deal on
If you’re short on time, here’s a quick overview of what happened to Boost Oxygen after
Boost Oxygen appeared on
|Kevin O’Leary||Accepted deal of a $1 million loan at 7.5% interest plus 6.25% equity|
|Mark Cuban||No Offer|
|Barbara Corcoran||No Offer|
|Lori Greiner||No Offer|
|Rohan Oza||No Offer|
Shark Tank Boost Oxygen Update
- Entrepreneur: Rob Neuner and Mike Grice
- Business: Aromatherapy-flavored supplemental oxygen
- Ask: $1 million for 5% equity
- Result: $1 million loan at 7.5% interest for 6.25% equity
- Shark: Kevin O’Leary
Rob and Mike brought Boost Oxygen to
Boost Oxygen is an all-natural respiratory support product for aerobic recovery, rejuvenation, and performance. Supplemental Oxygen has always been beneficial to so many people for so many purposes. From altitude acclimation to performance athletes to anyone looking to help catch their breath.
In recent years, oxygen bars with different flavored oxygen have become very popular, especially in large shopping malls. Boost Oxygen brings the oxygen bar experience to consumers in their homes, in different can sizes and flavors.
Rob shares that he initially founded the company in 2007 when he realized that canned oxygen was a big seller in European markets. Out of curiosity, he started using canned oxygen to give him extra energy when he was jet-lagged and competing in triathlons.
At the time of their
The oxygen comes in 3 sizes and retails for $14.99, $9.99, and $7.99. Their cost is $2.05 to manufacture all of the sizes.
Additionally, it was the top-selling canned oxygen brand with $6.4 million in sales and a profit of $1.5 million.
Guest shark Rohan Oza is concerned that there is too steep of an educational curve for potential customers, so he is out.
Barbara shared that her husband has actually used their product, however, she’s not willing to invest, so she too is out.
Lori Greiner is a fan of the guys, but not the product. She is the next shark out.
Mark Cuban tried the product during the presentation, however, he didn’t gain anything notable from it, so he is also out.
Kevin initially offered a loan of $1 million at 9% interest for 7.5% equity in Boost Oxygen. After some haggling and negotiating, the trio agreed on a $1 million loan at 7.5% interest plus 6.25% equity.
With a successful deal under their belts, how is the company doing now? Keep reading our Boost Oxygen update to find out!
Research for our Boost Oxygen update revealed that the company is still in business with over $15 million in sales. Further, since their appearance on
Boost Oxygen can now be found in stores like CVS, Walmart, Kroger, Bass Pro Shops, and Dick’s Sporting Goods, as well as on Amazon.
Rob and Mike appeared on a short update segment on Season 12 Episode 23 of
Additionally, Boost Oxygen is projected to make $50 million in sales by the end of 2023. With its recent success over the last few years, we are sure to hear more about the business.
When we do, we’ll be back with another Boost Oxygen 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!