Urban Float Shark Tank Update

Urban Float Shark Tank Pitch

Joe Beaudry and Scott Swerland appeared on Shark Tank Season 10, Episode 16, which aired on March 17, 2019, with epsom salt hydrotherapy float spa.

Urban Float is listed in the Health SelfCare category. In plain terms, the business is described as epsom salt hydrotherapy float spa.

Urban Float asked the Sharks for $500,000 for 5%, implying a valuation of about $10 million.

On the show, Urban Float made a listed deal for $500,000 for 12.5%.

If treated as straight equity, the listed deal works out to about $4 million implied valuation, down from the original $10 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Urban Float After Shark Tank

Urban Float accepted an on-air Shark Tank deal for $500,000 for 12.5%. The business later shut down in August, 2023. (UrbanFloat Shark Tank Update

By July, 2024, update sources put Urban Float's annual revenue around $2 million. (UrbanFloat Shark Tank Update

They also received many franchise inquiries. (UrbanFloat Shark Tank Update

The company added to their franchise development team. (UrbanFloat Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches