As we’ve mentioned before, many exercise-related products have appeared on Shark Tank, but not all of them have been successful. One of the successful exercise products to be featured on Shark Tank is the PRX Performance. Founders Erik Hopperstad and Brian Brasch pitched their weightlifting racks that fit in just 4 inches of space in a home or commercial gym.
After pitching the idea for PRX Performance to the Sharks, Hopperstad and Brasch accepted a deal with Shark Kevin O’Leary for $80,000 for a 20 percent stake in the company. Once the episode had aired, traffic to their website increased more than 3,000 times. Since PRX Performance launched, it has generated more than $19 million in sales.