The broom is used to swiftly and securely clear out the excess dried meals and other contaminants such as stickers and slime. He invented Sweep Easy to alleviate the need to bend down to scrub and scrape messes before they can be swept up. The founder of Sweep Easy is Shane Pannell, a stay-at-home dad from Arizona. Sweep Easy is a broom that contains an integrated scraper for cleaning up sticky, dried-up stains on the floor. Table: Sweep Easy Shark Tank TOPIC INFORMATION Company Name Sweep Easy Founder Shane Pannell Product Broom with a built-in scraper Shark Tank Pitch – Seeking $40,000 for a 25% equity share in the company – Accepted an offer of $80,000 for a 25% stake from Daymond John and Kevin Harrington Valuation – Pre-investment valuation: $160,000 – Post-investment valuation: $320,000 Current Status – Website still active but not taking orders – Social media pages have been dormant since 2012 – Conflicting reports about whether the company is still operating, with some sources suggesting it is not Net Worth $1 million as of 2023 Sweep Easy FAQS What Is Sweep Easy, Founder, and How Does Sweep Easy Work? However, it is clear that Sweep Easy was a product designed to solve a common problem and that it achieved a significant net worth after appearing on Shark Tank.
While some sources suggest that the company is still operating and offering brooms via its Internet shop, others indicate that the company is no longer in business. In conclusion, there are conflicting reports about the current status of Sweep Easy. Sweep Easy is still operating and continues to offer brooms via their internet shop.Īs of 2023, the company is no longer in business, its website has been shut down, and its social media accounts have also been deleted. Sweep Easy’s social media sites have been abandoned since 2012, and the website is still active but not available to take any orders as all the items seem to be out of stock. The valuation of Sweep Easy was $160,000 when it appeared on Shark Tank, and its net worth is $1 million as of 2023. He appeared on Shark Tank in Season 2, Episode 6, asking for a $40,000 investment in exchange for a 25% stake in Sweep Easy.
Shane Panell, a stay-at-home dad from Arizona, invented Sweep Easy to alleviate the need to bend down to scrub and scrape messes before they can be swept up. Sweep Easy is a broom with a built-in scraper that helps to remove dirt, food, and stickers from the floor.
He accepted an offer from Daymond and Harrington of $80,000 for 25% thus bringing the valuation to $320,000. Panell enters the Shark Tank looking for $40,000 in exchange for a 25% stock share. Nonetheless, Pannell resurrected the Sweep Easy in the spring of 2017 with a revamped product, and the brooms are still available for purchase on his website as of November 2021, generating just over $1 million in annual income. However, Pannell’s contract with John and Harrington fell through, and the Sweep Easy social media pages have been dormant since 2012. Ultimately, Pannell accepted John and Harrington’s offer of $80,000 for a 25% stake in the company.
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This investment effectively doubled the valuation of Panell’s company to $320,000.ĭaymond John offered $75,000 in exchange for 33% equity and the opportunity to join forces with Harrington to make a joint offer of $80,000 for 25% equity.īarbara Corcoran did not believe Pannell could bring his idea to market, and Kevin O’Leary preferred to license the Sweep Easy rather than produce brooms. However, after negotiations with the sharks, he eventually accepted an offer from Daymond John and Kevin Harrington for $80,000 in exchange for a 25% stake in the company. What happened to Sweep Easy after Shark Tank?.How Did The Appearance On Shark Tank effect The Company?.How Much Did Sweep Easy’s Valuation Increase Since Appearing On Shark Tank?.What Is The Current Valuation Of Sweep Easy?.What Happened To Sweep Easy After Appearing On Shark Tank?.What Is Sweep Easy, Founder, and How Does Sweep Easy Work?.What is Sweep Easy and Who Founded Sweep Easy?.Tones Of Melanin Shark Tank Net Worth 2023 | Tones Of Melanin Shark Tank Updates.Tucky Belt Shark Tank Net Worth 2023 | Tucky Belt Shark Tank Updates.The Wild The Game Shark Tank Net Worth 2023 | The Wild The Game Shark Tank Updates.
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