Setting up a home gym sounds amazing, but it comes with one big problem. Gym equipment takes up so much space that most people just give up on the idea. Big machines, bulky weights, and the space they take up often make it hard to work out at home.
Erik Hopperstad and Brian Brasch wanted to fix this issue. They created PRX Performance, a fold-out weight-lifting rack that doesn’t take up much space. Their smart design lets people install the rack on any sturdy wall. When folded, it stays close to the wall and takes up almost no space.
They came on Shark Tank to pitch their product and ask for help in growing their business. Their goal was to bring fitness into homes without the hassle of traditional gym equipment. The entrepreneurs asked for $80,000 in exchange for 10% equity. Did the entrepreneur get a deal on Shark Tank? Check out our PRX Performance update to find out!
PRX Performance Net Worth Shark Tank Update 2025
Brian Brasch and Erik Hopperstad went on Shark Tank asking for $80,000 for 10% of their company. This meant they thought their business was worth $800,000. They made a deal with Kevin O’Leary for $80,000 in exchange for 20% of the company, lowering the value to $400,000. The episode was aired in February 2016. PRx Performance grew rapidly and became a leading home gym equipment brand. With strong sales, the current net worth of PRx Performance is estimated to be around $10 million in 2025.
PRX Performance has grown a lot since its Shark Tank appearance. After the episode aired, they saw a huge boost in sales. People loved their idea of saving space with a smart home gym solution. PRX Performance was also featured in an update on Shark Tank in Season 8, where the founders shared how quickly the company grew.
They expanded their product line to include more gym equipment that fits the same space-saving design. In 2022, the company reportedly had $9 million in annual sales. As of today, PRX Performance is still in business and thriving. You can find their products on their official website and on Amazon.
Yes, PRX Performance got a deal on Shark Tank. Kevin O’Leary, also known as “Mr. Wonderful,” made an offer. He agreed to invest $80,000 for 20% equity in the company. Additionally, Kevin wanted 20% of the sales until he got his money back.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
|---|---|---|---|
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $80,000 for 20% equity + 20% of any distributions | N/A | Yes |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
PRX Performance Shark Tank pitch
Erik Hopperstad and Brian Brasch had a simple vision: they wanted to solve the problem of home gym equipment taking up too much space. They noticed that many people love working out but don’t have the room for traditional gym setups. This inspired them to create a folding rack that fits neatly against the wall when not in use.
The journey wasn’t easy. They had to work hard on the design and patent process. The founders also faced legal challenges. There were other companies infringing on their patent, which made things tough for them in the beginning.
Erik and Brian came to Shark Tank ready to show off their invention. They demonstrated how the PRX Performance rack works. They explained that the rack mounts to any sturdy wall using studs and can be folded out easily when needed. When not in use, it folds back flat against the wall, leaving the floor space open.
The product was priced at $1,099 for the commercial model and $550 for the residential model. Erik and Brian also mentioned that they had $170,000 in sales so far, with a profit margin of 43%. They asked for $80,000 in exchange for 10% equity.
Each shark had different questions about the product. Here’s how it went:
Mark Cuban:
Mark wanted to know more about the sales and future plans. He also asked about the assembly process. Erik and Brian explained that the rack is easy to install and takes about 1-2 hours to set up. Despite this, Mark felt it was too early for him to invest and went out.
Lori Greiner:
Lori asked about their patent issues. The founders explained that their patent was still pending and that two companies were already violating it. Lori advised them to take legal action quickly but didn’t think it was the right time to invest. She went out.
Robert Herjavec:
Robert was concerned about the assembly process. He thought it might scare potential buyers. Erik and Brian reassured him, but he still felt the product wasn’t a good fit for him. He went out too.
Daymond John:
Daymond questioned whether people would use the product consistently. He thought many buyers might get it but not use it or prefer going to a gym. He decided not to invest.
Kevin O’Leary:
Kevin liked the product and saw its potential. He mentioned that his wife faced the same problem of finding space for a home gym. Kevin offered $80,000 for 20% equity and 20% of sales until he recouped his investment.
Mark Cuban said it was a good idea but felt the company was too new. He didn’t invest.
Lori Greiner was interested in their patent issues but didn’t think the business was ready. She also went out.
Robert Herjavec and Daymond John both had concerns about the product’s usability and buyer habits, so they decided not to invest.
Kevin O’Leary, however, saw the potential and offered $80,000 for 20% equity with a royalty on sales until his money was paid back. Erik and Brian accepted his offer.
Product Availability
PRX Performance products are widely available. Their official website offers a range of gym equipment, including the folding squat rack. You can also find their products on Amazon.
The racks are available in different sizes and colors. Prices start at around $550 for residential models and go up to $1,099 for commercial versions. PRX Performance also offers other gym equipment that matches the same space-saving design.
Conclusion
PRX Performance started with a simple goal: to make home gyms fit into small spaces. Erik and Brian’s fold-out weight-lifting rack impressed Kevin O’Leary, who decided to invest. After Shark Tank, the company grew quickly, expanding its product line and earning millions in annual sales.
Today, PRX Performance continues to help people create efficient home gyms. With their smart design and growing success, the company is on track for even bigger things in the future. Stay tuned for more updates about PRX Performance’s journey!
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
