Urban Float Overview
Urban Float’s estimated net worth is approximately $3 million as of 2023. Founded on the theory of flotation therapy, the company offers clients peaceful hydro-therapy spa experiences allowing up to 90 minutes of effortless floating. With $2.5 million in sales last year, Urban Float balances $600,000 cash flow against $1 million in debt.
Company History and Growth
In 2011, Joe Beaudry and Scott Swerland launched Urban Float to introduce quality flotation systems promoting mental, physical, and emotional benefits. Their Shark Tank appearance in 2013, pitching for $500,000, significantly contributed to their exposure and expansion. Today, Urban Float continues to grow, offering services online and across various locations, emphasizing a professional and serene environment for float therapy.
Urban Float and Its Successes
Urban Float’s sessions, lasting 60 minutes in Epsom salt-filled float pods, deliver reduced pain, improved sleep quality, enhanced creativity, and stress relief. Despite challenges with an initial investor, the company opted for independent growth strategies. By diversifying services and franchising, Urban Float maintains steady business performance and long-term success.