What Happened to QFlex after the Shark Tank Pitch?

What is QFlex?

QFlex is a firm that specializes in the development of a personal portable acupuncture massage device.

It is ergonomically intended to aid in the relief of shoulder stress, neck discomfort, and back pain. Acupressure can also aid in the promotion of healing, wellness, and the balance of bodily energy.

The hook-shaped design helps you to access difficult-to-reach areas without the assistance of others.

Its pear-shaped tip massages deep tissue anyplace on the body. The Q-Flex delivers precisely the appropriate amount of pressure to achy regions and knotted muscles, particularly in the back.

They may also use the Q-Flex to relieve weary and painful feet or to provide a deep tissue massage to improve blood circulation and promote recovery.

Acupressure has been shown to improve immunity, regulate bodily energy, and allow for profound relaxation.

Despite its modest beginnings, the company has developed to become a worldwide renowned brand with remarkable sales and revenue margins.

Its product line contains a variety of sizes in order to cater to a wide spectrum of consumers.

Who are the Founders of Q-Flex?

Andrea’s mother, Hong Cao, was a nurse who would work long days at the hospital only to return home with a sore back.

She’d ask her daughter to massage her sore muscles, which she [Andrea] gladly did. Andrea was inspired to start her QFlex business at that point.

“If my mother has a need, there must be millions of people out there with the same problem but no remedy,” she reasoned.

That’s when she had the idea to create a massage gadget that individuals could use to massage even the most difficult-to-reach locations without the assistance of a companion.

Andrea created the first 20 prototypes with the help of her mother’s engineering knowledge, and the sales were encouraging.

What Happened to QFlex at the Shark Tank Pitch?

Andrea and Hong appeared on Shark Tank Season 6 Episode 12 in search of $20,000 for a 20% share in QFlex. This equates to a $100,000 valuation.

Andrea described how they came up with the QFlex. Andrea is popular among the Sharks since she is a skilled seller.

‘There’s no way you’re 13,’ Robert adds, and her smile returns as he calls her presentation ‘excellent,’ and the other sharks concur.

She demonstrates how it works and claims to have sold 800 units—mostly door to door! It’s a hit with the Sharks.

Kevin O’Leary, distractedly stroking his back with the Q-Flex, inquired as to the selling price, $25 to $35. Angela responded quickly, and when he inquired about the pricing per unit, she was similarly quick to inform him that it was just $4.50.

When Robert Herjavec questioned if the invention was patented, Angela admitted that there was no patent application for it at the time.

Robert adores Andrea but inquires about knock-offs. Andrea describes QFlex’s exclusive nature.

Andrea claims she put in roughly $10,000 and has repaid the money. She claims that the funds would be used to purchase stainless steel molds in order to produce more.

Kevin inquires as to who is abandoning their work, and Hong responds that she would.

The Sharks do not want her to abandon her nursing profession, and they do not believe Andrea should drop out of school.

In Kevin’s perspective, the business was a ‘hobby’ business, because Andrea couldn’t stop school and Hong couldn’t quit her work, which made the business a lousy investment in his opinion, and he was out.

Lori claims to have sold a comparable product on QVC, therefore she’s out.

Robert Herjavec was preoccupied with patent issues, and he prodded Lori for further information. She said that she didn’t think the QFlex would get one; reluctantly, she advised him not to invest in the company. He’s gone.

Barbara and Mark claim they’ll provide $25,000 for a 25 percent stake in the company and will manage all operations.

They had one backup plan: Andrea would make sure she had time to handle any sales calls.

What Happened to QFlex after the Shark Tank Pitch?

Since the episode, they’ve developed a website and received 17,000 orders totaling over $500,000.

They’re behind on fulfillment since they work from home, but they’re trying hard to catch up with the support of the entire family.

Barbara appeared in the section and relocated the operation to a fulfillment facility, where things are now running more smoothly.

In Beyond the Tank episode 108, Q Flex receives a second upgrade. Barbara pays a visit in the episode, and they decide on a fulfillment facility in Dallas. The Hongs also pay a visit to their supplier.

QFlex has continued to sell successfully since Beyond the Tank. Andrea founded Andrea Equine, which provides horse equipment, saddles, and other horse-related items.

With part of the millions she gained from the product, she even bought a ranch and adopted a wild Mustang.

Andrea will begin her junior year at Stanford in August 2021, where she will earn a Bachelor of Science in Innovation, Management, and Entrepreneurial Engineering.

QFlex is thriving, with yearly revenue of $3.5 million.

What is the Net Worth of QFlex?

Andrea and Hong appeared on Shark Tank Season 6 Episode 12 in search of $20,000 for a 20% share in QFlex. This equates to a $100,000 valuation.

They accepted an offer from Mark and Barbara of $25,000 for a 25% stake which brings the same valuation.

The current valuation is evidently higher since the company has grown.

Who are the Competitors of QFlex?

There are no competitors identified for QFlex.

What Happened to Everything Legendary after Shark Tank?

What Happened to LugLess after Shark Tank?

QFlex FAQS

1. What is QFlex?

QFlex is a portable gadget that relaxes muscle aches and releases stress.

2. What does QFlex do?

QFlex massages the back, neck, shoulders, arms, legs, and feet. It is possible to use it anywhere on the body. QFlex enables the user to massage themselves anywhere at any time: in an office chair, in a car, or even when sitting on a plane (it even works while they’re walking)!

3. Who invented QFlex?

QFlex was invented by a young woman named Andrea.

4. How Andrea did came up with the idea?

Andrea’s mother, Hong Cao, was a nurse who would work long days at the hospital only to return home with a sore back.

She’d ask her daughter to massage her sore muscles, which she [Andrea] gladly did. Andrea was inspired to start her QFlex business at that point.

5. Where can we buy one?

QFlex is available on the Website and it is also available on Amazon.

6. How much were they seeking in the firm?

They were seeking $20,000 for a 20% stake.

7. What was the valuation of QFlex?

The valuation of QFlex is $100,000 at the Shark Tank.

8. Who invested in QFlex?

It’s Barbara and Mark that invested in QFlex. They’ve provided $25,000 for 25% stake which brings the same valuation.

9. What material is QFlex made of?

The item is composed of plastic and hard rubber and is fashioned like a gigantic question mark (or maybe a letter “Q”).

10. What is the company’s website address?

The company’s website address is www.getqflex.com.

11. How much does QFlex costs to buy?

The device costs $24.95.

Similar Posts