Boost Oxygen Net Worth, Wikipedia, Shark Tank, Oxygen plays an essential role in the life of human beings. It is the most important element for the brain, heart, and lungs to function. This is why Rob Neuner and Mike Grice, his business partner, came up with a method to make compressed oxygen as available as bottled water. Boost Oxygen is a firm that provides supplemental oxygen in a portable and convenient canister.
The company was founded in 2017. The firm has grown to turn out to be a leader in the oxygen market. The company offers a wide range of products to meet the needs of customers all over the world.
There are many interesting things you should know about Boost Oxygen. Read this article where you will be going to know the net worth and other business aspects of Boost Oxygen:
Boost Oxygen Net Worth, Wikipedia, Shark Tank
What is Boost Oxygen?
Boost Oxygen is a firm, producing and selling oxygen-enriched air cans. Since its inception, the company has become one of the leading brands in air products, which are enriched with oxygen. You can Boost Oxygen in a wide range of flavors and sizes.
In addition to that, there are millions of people who are using it for many different reasons. It was established by a group of entrepreneurs who wished to give a convenient and easy way to access oxygen-enriched air.
The reason behind the popularity of Boost Oxygen is that it offers easy-to-use and convenient cans. Being a leader in the oxygen-enriched air brand, Boost Oxygen is available in more than 25 nations. It is now 13 years old.
Boost Oxygen is headquartered in Connecticut, USA. There are more than 40 employees in this company. The estimated annual revenue of the company is more than USD 30 million.
It has also been in many publications such as The New York Times, The Wall Street Journal, and Forbes.
Boost Oxygen Net Worth
Talking about the net worth of Boost Oxygen, it is estimated to be more than USD 100 million. Since its establishment, the firm has been successful in creating a brand for itself. The best part is that Boost Oxygen is trusted by consumers in different parts of the world.
It has been capable of capitalizing on the increasing demand for oxygen-enriched air products. All of these endeavors of the company have assisted in boosting its net worth without any fail. It has turned out to be a leading brand in oxygen-enriched air products.
About the founders of the Boost Oxygen
The founders of Boost Oxygen are Rob Neuner and Mike Grice. They are a native of Milford, Connecticut. Mike studied Business Administration and Management at the University of Colorado Denver. Mike also used to spend time in the US Marines.
He attended the American Public University System, where he received a master’s degree in Military Science. After that, he went to USC Marshall School of Business to receive a degree in MBA.
On the other side, Rob was a businessman at heart. However, most of his early endeavors were in Europe, where he imported beer across the continent.
How did they establish Boost Oxygen?
Rob Neuner always used to travel to the Czech Republic for business purposes. He used supplemental oxygen when he had to deal with jet lag. He found a new opportunity after finding that there were no bottled oxygen providers in the United States of America.
This is why he decided to quit the beer-importing industry and go to America. There, he found Mike Grice, whom he linked up to officially launch Boost Oxygen in the year 2017.
As compared to every other supplemental oxygen product, it was also not FDA-approved. But it offered real benefits without side effects.
Its 95 percent content of oxygen was a big difference from the 25 percent in the open air. This is how Boost Oxygen made USD 6.4 million in sales with a USD 1.5 million profit before looking for help from angel investors.
Boost Oxygen Shark Tank
In 2019, Mike and Rob appeared on Shark Tank in the year 2019. Boost Oxygen, their company, was already successful yet they wanted it to expand. Therefore, they pitched their business on season 11, looking for USD 1 million for 5 percent equity.
The product was greatly unique, but it was their numbers that gathered the attention of the Sharks. However some of them were scared that the learning curve for prospective customers to appreciate the advantages of bottled oxygen was too high.
Kevin O’Leary was the only one who was interested in taking the risk. The good news is that they accepted the deal. This is how the founders got success in pitching their business.
The firm’s sales and growth of the company have increased to new heights. Boost Oxygen is now available to purchase at national retail stores.
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