The website has released an enclosed dustpan for $15.97. The brooms are available in three colours: green, orange, and blue, and they cost $28.97 on the website. Shane began selling his items in several places and on his internet website after appearing on Shark Tank. What happened to Sweep Easy after Shark Tank? “Easy Sweep!” He’s still in business and selling brooms on his website as of November 2021. Sweep Easy FAQS Is it true that Sweep Easy made money?ĭespite having made no sales before to the presentation, the firm’s owner departed the exhibition with more sales than expected, thanks to the innovation that will improve people’s sweeping skills. He accepted an offer from Daymond and Harrington of $80,000 for 25% thus brings valuation to be $320,000. The annual income is barely over $1 million. He’s still in business and selling brooms on his website as of November 2021. They include replaceable plastic and metal scrapers, making them more adaptable to your needs. There are also three versions available: Home, Pro, and Lobby. With a new website, social media profiles, and a revamped product, some of the Sweep Easy’s new features include a button release system and enhanced deployment/retraction. Panell resurrected the Sweep Easy in the spring of 2017 after a few years of inactivity and restricted (or no) availability. Customers who wish to lessen pressure on their backs when cleaning up domestic messes can still purchase the goods. The website, on the other hand, is still operational. The Sweep Easy social media pages appear to be dormant, since there have been no new updates since 2012. Shane Pannell’s Sweep Easy contract with Daymond John and Kevin Harrington fell through. He walks away from the Tank with a contract. Panell, under duress, accepts John and Harrington’s offer of $80,000 for a 25% stake. If Panell departs to contact his wife, John decreases his offer to $70,000 for 30%. O’Leary offers to speak with Panell’s wife, putting him on the spot. Panell wants to phone his wife, but the Sharks press him to respond. They match Herjavec’s offer of $80,000 for a 25% stake. Kevin Harrington accepts Daymond John’s invitation to go in with him. Robert Herjavec – joins Kevin O’Leary’s proposal, providing $80,000 in exchange for 25% stock. Harrington want greater power rather than a partner.
He invites Kevin Harrington to go 50/50 with him, but Kevin Harrington declines Kevin O’Leary’s invitation. Kevin increases his offer to $50,000 for 20% shares once Kevin Harrington arrives. He makes a $40,000 offer in exchange for 20%.
#Sweep easy broom license
Kevin O’Leary - rather than producing brooms, he wishes to license the Sweep Easy. She tells him she doesn’t think he’s the type of person who can cross the finish line. Daymond is beginning to contemplate the offer and has stated that if Shane walks out, he would withdraw the offer.īarbara Corcoran – does not believe Shane will be able to get this idea to market since he is not the type of person to do it. He offers to join Kevin Harrington in making the sale for $80,000 in exchange for 25% equity. Shane wants to operate his own business, expand Sweep Easy, and develop new items, according to Daymond John.ĭaymond offers $75,000 in exchange for 33% equity.
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Harrington claims to have license relationships as well as television contacts. Kevin Harrington offers $50,000 in exchange for 25% shares. O’Leary raises his offer before Harrington can make one. He notes that licensing accounts for around 30-40% of Panell’s income from direct sales, which is his area of expertise. He’s prepared to pay Panell $40,000 for a 20% interest. Panell intends to sell his goods through retail establishments. He estimates that the product alone might generate a $100 million revenue stream. Kevin Harrington is opposed to the notion. Panell intends to license the Sweep Easy as well as provide product licenses. Herjavec and Kevin O’Leary are interested in discussing licensing the invention to existing broom manufacturers. For three years, he was a stay-at-home parent. Robert Herjavec is interested in trying the product. He uses an extending scraper to remove cereal, yogurt, and other items off a sample area of floor. Panell enters the Shark Tank looking for $40,000 in exchange for a 25% stock share. What happen to Sweep Easy at the Shark Tank Pitch?
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