With an annual revenue of $3.5 million, QFlex is a growing and profitable company. In fact, Hong Cao manages QFlex full-time. His rags to riches story is inspiring. It starts with an unconventional idea. After all, he is a former banker. The Hongs’ journey to the top started with one small idea. They eventually built a huge company that has grown to be profitable.
Angela and Hong presented their business on the popular Shark Tank program. The Sharks were impressed with the idea and offered to invest $25,000 for a twenty-percent stake. Hong talked about her sore body from hours at work, which inspired the invention. Angela spoke about the months of research and testing, and explained the concept of QFlex. Mark and Barbara were quick to give their stamp of approval. The Sharks invested in QFlex, and Angela and Hong took 25% of the company.
Andrea Caos, who is making QFlex by hand, is also popular with the Sharks. Robert calls her presentation excellent, and she claims to have sold 800 units of her product. Shark Kevin O’Leary is impressed with Andrea’s marketing ability and her product’s potential. When asked about the price of QFlex, Kevin O’Leary enquired about its selling price. Angela responded quickly with $25 to $35. In addition, she told him that the company’s inventor has patent issues.
Q Flex net worth is constantly changing. The TV actor and journalist has been earning $275 Thousand an episode of True Blood. In 2015, Flex Alexander sold his bachelor pad in Los Angeles for $2.9 million. He also recalls Chris Brown’s support for his bid. Flex has been in supporting roles in movies like Out Cold and Snakes on a Plane. He was also seen in the popular television show The Hills Have Eyes II.
As a result of the Shark Tank episode, QFlex has developed a website and has received 17,000 orders totaling $500K. Although it has been difficult for QFlex to fulfill orders from home, it’s now running smoothly after Barbara moved its operation to a fulfillment center. In an episode of Beyond the Tank, Barbara visited QFlex to meet its manufacturer, which has helped them to increase their sales.
QFlex started small, but today, it has grown into a multimillion-dollar business. Founded by Andrea Cao and Hong Cao, QFlex has sold over 50,000 units and generates over $1 million in annual revenue. Its innovative massage gadget helps users relieve back pain, improve circulation, and promote deep relaxation. With QFlex, even the most difficult-to-reach parts of the body can be reached.