Recharj

recharjDaniel Turissini hopes to put a charge into the Sharks with Recharj, his nap and meditation studios for busy people, in Shark Tank episode 916. Turissini operates two studios in the greater Washington DC area. People can schedule a meditation session with one of the Recharj meditation teachers, or just drop in for a power nap to recharge their energy.

Daniel believes in the restorative power of meditation and the need to tune out in a quiet space sometimes. A visit to one of his studios promises to reduce stress, enhance cognition, improve health through lowered blood pressure and promote community among fellow meditators. Reviews cite the studios as tranquil and inviting.

There are a variety of ways to experience a Recharj studio. You can drop in for a power nap for nine bucks or attend a scheduled class featuring different forms of meditation. 5 class bundles start at $81. There are also monthly and annual membership options. They also conduct special events at remote locations – some of which feature meals. He also works with companies by offering weekly, onsite meditation sessions, one time events and even corporate retreats. Daniel likely wants to expand his business into new markets.

Will a Shark be mindful and invest in this business?

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Re Charj Nap and Meditation Studios

Recharj Shark Tank Recap

Daniel enters seeking $75,000 for 15% of his business. He tells his story and gives his pitch, then he invites the Sharks to come try out his nap cocoons. Robert, Mark and Rohan come lay on them and they think it’s comfortable. All sheets are sprayed with disinfecting spray between uses and they’re washed daily.

People pay$9 for a 25 minute nap. Daniel has invested $300,000 in the business, $158,000 of which is a small business loan. He expects to break even this year(2017) and he has a yoga and meditation specialist running the day to day operations as he still has a full time job. There are also 40 or so specialists who teach classes and do corporate events.

Mark thinks Daniel is all over the map and goes out. Rohan thinks it’s a high cost to invest for a small return; he’s out too. Robert doesn’t think people have time to leave their jobs for a nap; he’s out. Lori says it’s not the right investment for her; she’s out. Barbara thinks the business won’t be profitable; she’s out.

Recharj Shark Tank Update

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. After airing, they didn’t add more locations, but rather focused on events. They offer individual meditation settings and corporate events. For instance, they’ll contract to do an event for an entire company or commercial building.

Like many businesses, they were negatively impacted by the Covid-19 pandemic. In April, 2020, this notice appeared on the company website:

“To our recharj® community, Our top priority at recharj® is the health and well-being of our amazing community. We’ve reflected on how best to support your safety and that of our community and come to the difficult decision to close the studio effective, Monday, March 16, 2020.  In an effort to support our teachers and community, we are offering a series of virtual meditation; please visit our schedule at recharj.com/schedule for more information. We will continue to provide updates as the situation evolves. In the meantime, please stay healthy and safe. Thank you for your continued support throughout these challenging times. Sincerely, Daniel Turissini, Founder”

The physical location is closed permanently as of June, 2021. During the pandemic, they pivoted to virtual events. Now, they are offering private sessions and corporate sessions along with their expanded government contract work.

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