Simply Fit Board - Shark Tank Update

balance board for better workouts

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Season 7, Episode 7 Founded by Linda Clark and Gloria Hoffman In Business

Simply Fit Board Details

Shark Tank Episode Details

Founders Linda Clark and Gloria Hoffman
Air Date 2015-11-06
Season & Episode Season 7, Episode 7
Initial Ask $125K for 15.0% equity
Deal Details Got deal: $125K for 20.0% equity from Lori Greiner
Estimated Yearly Revenue $10+ million
Estimated Net Worth (4x estimated revenue) $40 million

The Shark Tank Pitch

When mother-daughter entrepreneur team Linda Clark and Gloria Hoffman stepped into the Tank seeking $125,000 for 15% equity, they brought with them a deceptively simple yet ingenious solution to one of fitness's most persistent problems: making core workouts actually enjoyable and accessible for everyday people. Their Simply Fit Board emerged from Linda's personal frustration with traditional exercise routines, inspiring them to create a uniquely curved balance board that transformed boring, static workouts into dynamic, engaging sessions that felt more like play than punishment.

The brilliance of their product lay in its elegant simplicity-a rigid plastic board with a concave curve that forces users to engage their core muscles just to maintain balance, while adding twisting motions naturally intensifies the workout to burn calories, tone muscles, and improve coordination without requiring complicated equipment or extensive gym memberships. Having built their business from humble beginnings selling boards out of their car trunks just two years earlier, Linda and Gloria had already achieved remarkable success with over $400,000 in gross sales and $260,000 in profit, demonstrating healthy margins with boards costing $9.89 to manufacture and selling for $45 retail, while expanding distribution to about a dozen retail locations across Colorado, New Mexico, Kansas, and Texas alongside their growing online presence.

Their patented approach to fitness equipment addressed the fundamental problem that traditional exercise often feels like work rather than fun, positioning Simply Fit Board as the gateway product that could introduce sedentary individuals to fitness while providing experienced athletes with a versatile training tool that could enhance balance, core strength, and overall conditioning in just ten minutes per day.

Where Are They Now?

The sharks' immediate physical engagement with the product told the story better than any sales pitch could, as Kevin O'Leary looked awkward while attempting to twist, Mark Cuban struggled to maintain balance, and Robert Herjavec moved like a natural, creating an impromptu demonstration that showcased both the product's accessibility and its challenge level for different fitness levels. The negotiation quickly intensified when Kevin O'Leary offered $250,000 for 30% equity (essentially doubling their requested investment while maintaining their valuation), but Lori Greiner recognized the product's perfect fit for her QVC audience and countered with their exact ask of $125,000 for 20% equity, ultimately winning the deal after Gloria's attempt to negotiate down to 18% was firmly rejected by the Queen of QVC.

Following their Shark Tank success with Lori Greiner, Simply Fit Board became one of the show's most spectacular success stories, generating an incredible $1.25 million in sales within 24 hours of their episode airing and completely depleting their inventory, while appearing on QVC the very next day to sell three semi-trailers worth of merchandise that also sold out completely. The business exploded from $575,000 in pre-show sales to over $9 million by mid-2016, with more than one million units sold by the fourth quarter and distribution expanding to every Walmart in the USA, supported by television commercials featuring Lori Greiner that became fixtures on cable TV channels nationwide.

As of 2024, Simply Fit Board has achieved lifetime revenues of $174 million, ranking as the 14th highest-grossing product in Shark Tank history, while Gloria rebranded the company as Simply Fit Systems to expand into broader fitness solutions, with Linda apparently enjoying retirement and the products continuing to receive positive customer reviews on Amazon, proving that sometimes the most successful businesses are those that make healthy living both simple and enjoyable for millions of people seeking convenient ways to improve their fitness without complicated routines or expensive gym memberships.

Revenue

$10+ million

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