Urban Float Net Worth 2024: Urban Float, founded by Joe Beaudry and Scott Swerland, operates a chain of premium flotation therapy centers that generates $1 million in annual revenue through multiple locations across Washington, Ohio, Texas, and Delaware, with their company valuation last reported at $10 million during their 2019 Shark Tank appearance, though current 2024 net worth figures remain private.
Key Facts About Urban Float
- The company launched its first location in Seattle’s Fremont district, establishing a new standard for flotation therapy in 2013.
- Joe Beaudry and Scott Swerland combined their expertise to create this professional floating solution.
- Their Shark Tank appearance resulted in a $500,000 investment offer for 12.5% equity from Matt Higgins.
- The business generates $1 million in annual revenue through multiple locations.
- Their expansion reaches across four states: Washington, Ohio, Texas, and Delaware.
- Monthly membership packages are priced at $150, while single sessions cost $45.
What Makes Urban Float Different from Traditional Spas?
Urban Float revolutionized the floating industry by creating a professional, upscale approach to flotation therapy. The company specializes in sensory deprivation pods filled with water, providing clients with stress relief and pain management solutions. Their facilities maintain high standards of cleanliness and professionalism, distinguishing themselves from informal floating operations.
How Did Urban Float Begin Its Journey?
The story of Urban Float began in 2011 when Joe Beaudry, searching for stress management solutions while working in the corporate world, discovered floating therapy. His first experience was in an unusual setting – a stranger’s unfurnished rental house. Despite the unconventional circumstances, the positive impact of floating inspired him to develop a professional floating solution.
What Led to the Partnership Between the Co-Founders?
In 2012, Beaudry approached Scott Swerland, an experienced retail entrepreneur, with his vision for a professional floating business. Swerland’s personal experience with floating, which helped alleviate his arthritis symptoms for four days following his first session, convinced him of the concept’s potential. Recognizing the gap between existing floating operations and what the experience could be, they joined forces to create Urban Float.
What Services Does Urban Float Provide?
The company offers various floating packages to accommodate different client needs. Single sessions cost approximately $45, while unlimited monthly memberships are available for $150. The flotation pods provide a controlled environment for sensory deprivation therapy, which research suggests can deliver lasting physical, mental, and emotional benefits.
How Did Urban Float Perform on Shark Tank?
During their Shark Tank appearance in Season 10, Beaudry and Swerland presented their business with a $10 million valuation. They reported $2 million in gross revenue with $600,000 in net profit. While Mark Cuban, Daymond John, and Lori Greiner declined to invest, they received offers from Kevin O’Leary and Matt Higgins. They ultimately accepted Higgins’ offer of $500,000 for 12.5% equity, though the deal wasn’t finalized after the show.
Where Can You Find Urban Float Locations?
The company has established a strong presence in multiple states. Their expansion includes:
- Four locations in Seattle
- One location in Tacoma
- One location in Vancouver, Washington
- Additional operations in Ohio, Texas, and Delaware
What Is Urban Float’s Current Business Status?
Following their Shark Tank appearance, Urban Float has maintained steady growth. The company consistently generates annual revenue of approximately $1 million. They’ve successfully implemented a franchising business model, allowing for expansion into new markets while maintaining their high standards of service and professionalism.
How Does Urban Float Impact Client Wellness?
The company’s flotation therapy services address various wellness concerns. Clients report improvements in:
- Stress reduction
- Pain management
- Sleep quality
- Physical recovery
- Mental clarity
The business continues to educate the public about float therapy benefits through their platform, reaching an international audience following their Shark Tank exposure.
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