OverEZ Chicken Coop Shark Tank Net Worth-What Happened After Shark Tank?
OverEZ Chicken Coop Shark Tank Net Worth
OverEZ Chicken Coop is a ready-to-assemble backyard chicken coop kit company founded by Chet Beiler. The company was featured on Shark Tank in November 2021, where Beiler asked for $1 million for 4% equity valuing the company at $25 million.
At the time of filming, the company had made $9 million in annual revenue and $21 million in lifetime revenue. Daymond John offered $1 million for 25% of the company’s equity, while Kevin O’Leary offered $1 million for 4%, paid off over three years with 11.5% interest.
O’Leary later withdrew his offer due to concerns about the valuation of the company.
As of September 2022, OverEZ’s net worth is estimated to be $21 million USD, down from its pre-Shark Tank valuation of $25 million USD.
OverEZ Chicken Coop had lifetime sales of $21 million, which gives Beiler a profit of $1.35 million.
What Is An OverEZ Chicken Coop? Who Is The Founder Of OverEZ Chicken Coop?
An OverEZ Chicken Coop is a high-quality chicken coop made in the USA by Amish-trained craftsmen. The coops are designed to meet all the needs of chickens and last for many years.
They come in multiple sizes, including small, medium, and large, and can house up to 5, 10, or 15 chickens respectively. The coops are constructed out of wood and are heavy-duty, making them suitable for use in both hot and cold climates.
OverEZ Chicken Coops are built to higher quality standards than custom-built coops because of their precise craftsmanship and high-quality materials. They come equipped with flooring and a nesting box. The ceiling has radiant barrier sheathing to keep the coop cooler in the summer heat.
In 2020, OverEZ Chicken Coop was awarded the Retailers’ Choice Award by the North American Retail Hardware Association (NRHA).
Chet Beiler is the founder and CEO/Owner of OverEZ Chicken Coop. He bought OverEZ Chicken Coop in 2020 as part of a growth strategy for his 33-year-old, Manheim-based outdoor structures business, Amish Country Gazebos. Chet Beiler is also the owner, partner, and founder of various businesses.
Chet Beiler developed the idea for OverEZ Chicken Coop because of the increasing popularity of backyard chickens in America, families’ desire for more sustainable living and self-reliance, and their love for fresh organic eggs every day.
He bought OverEZ Chicken Coop in 2020 as part of a growth strategy for his 33-year-old, Manheim-based company. During his pitch on Shark Tank, he showcased one of his company’s coops with live-feeding chickens and offered the investors 4% of OverEZ Chicken Coops for an investment of $1 million.
What Happened To OverEZ Chicken Coop At The Shark Tank Pitch?
Chet Byler from Lancaster, Pennsylvania is the founder of Over Easy Chicken Coops. He is seeking a partner to invest $1 million in exchange for a 4% stake in his company.
Chet explains that backyard chickens are becoming increasingly popular in America, as families seek more sustainable living and self-reliance. Over Easy Chicken, Coops offers proprietary modular coops that are easy to ship and assemble.
The company has four different sizes that can accommodate between 5 and 20 chickens. Chet states that his company is on a path to becoming the category king for backyard chickens in America, and with the help of a partner, he plans to expand to Europe, where the interest in backyard chickens is even stronger than in the United States.
Chet emphasizes that his company’s intellectual property is locked down, and the cash register is ringing. He has sold over $21 million in lifetime sales, with year-to-date sales at $9 million, and a profit of $1.35 million.
He explains that the company’s EBITDA is 15, but it should have been 18, due to supply chain issues and the spike in lumber prices. Chet admits that the company was not ready for the spike in demand due to COVID-19, and they missed out on millions of dollars in sales.
Last year, they did $6.8 million in sales, and this year they are projected to do $20 million. Chet explains that they need more inventory to meet the demand, and he is seeking a partner to invest in his company.
The Sharks ask Chet how he is paying for all the inventory. Chet explains that he had to do creative financing to support the point of sale and receivables.
They were able to borrow against all the point of sale that they had and paid everyone back in the second quarter. However, they are now facing much greater opportunity, which requires more capital.
The Sharks want to know the basic details of the business. They ask Chet about the cost of the coops, the gross profit margins, and the capex of the business. Chet explains that the large coop costs $18.99, the medium coop costs $14.99, and the small coop costs $10.99. The overall gross profit margins are about 36%.
Lori wants to know why Europeans would want his coops, but the availability of cheap imports presents an issue.
Robert poses the question of chicken life span, and Chet confirms it’s between 5-10 years, to which Robert decides that’s too long to figure out the business and bows out.
Kevin offers $1 million in debt at 11.5% for 4% equity, however, Mark is cash constrained making building a factory in Europe expensive so he also withdraws.
Daymond shows concern with material cost, offering $1 million for 25%. Chet desperately tries to persuade both Robert and Daymond before eventually deciding on Mr. Wonderful’s offer.
As Kevin goes out, Daymond complains about distraction but he goes out; though confusion reigns as Chet then announces he’ll fly to Prague next week.
OverEZ Chicken Coop founder exits the stage without any deal.
What Happened To OverEZ Chicken Coop After The Shark Tank Pitch?
OverEZ Chicken Coop is a company that sells ready-to-assemble backyard chicken coop kits. Chet Beiler, the owner and CEO of OverEZ Chicken Coops, appeared on Shark Tank episode 1314 to pitch his business.
He asked for $1 million for 4% of the company but did not receive an investment from any of the Sharks. However, Kevin O’Leary offered $1 million as a loan at 11.5% interest for a 4% stake.
Despite not receiving an investment from the Sharks, OverEZ Chicken Coops has been successful. The company finished 2021 with around $19 million in sales and had made $21 million in lifetime revenue since its appearance on Shark Tank.
Overez Chicken Coop Shark Tank Updates
OverEZ Chicken Coop is a modular chicken coop design that is easy to put together. The company offers sheds, chicken runs, and other coop accessories. OverEZ Chicken Coops are crafted by Amish-trained carpenters in two USA-based locations, Lancaster County, PA, and Georgia.
The coops are made of high-quality materials and meet higher quality standards than custom-built coops. The company claims that their coops are long-lasting, affordable, and easy-to-assemble.
OverEZ Chicken Coop appeared on Shark Tank in 2022, where the founder, Chet Beiler, asked for $1 million for 4% equity. Although the company had made $9 million in annual revenue at the time of filming and $21 million in lifetime revenue, none of the sharks made an offer.
Despite this, OverEZ Chicken Coops is still in business as of January 2023.
OverEZ Chicken Coop Shark Tank Table Summary:
| INFORMATION | VALUE |
| Founder | Chet Beiler |
| Year founded | 2020 |
| Product | Backyard chicken coop kit |
| Sizes available | Small, medium, large |
| Maximum capacity | 5, 10, or 15 chickens |
| Materials | Wood |
| Features | Flooring, nesting box |
| Award received | Retailers’ Choice Award in 2020 |
| Shark Tank episode | November 2021 |
| Shark Tank valuation | $25 million |
| Amount requested by Beiler | $1 million for 4% equity |
| Annual revenue (pre-Shark Tank) | $9 million |
| Lifetime revenue (pre-Shark Tank) | $21 million |
| Offer from Daymond John | $1 million for 25% equity |
| Offer from Kevin O’Leary | $1 million for 4% equity, 11.5% interest, paid off over three years |
| Net worth (September 2022) | $21 million |
| Lifetime profit | $1.35 million |
OverEZ Chicken Coop FAQS
What Is Overez Chicken Coop?
OverEZ Chicken Coop is a company that sells high-quality chicken coops designed for ultimate chicken care. The coops are crafted by Amish-trained carpenters in two USA-based locations, Lancaster County, PA, and Georgia.
The coops are built with the utmost quality in mind and are meant to house larger flocks than coops made by many other manufacturers.
They are customizable, and customers can add features such as an automatic door, an electrical heating package, wheels to turn the coop into a chicken tractor, a chicken run (with or without wheels), or panels.
OverEZ Chicken Coops are easy to assemble and can be put together in less than 30 minutes. They are also designed to be easy to clean, and gathering eggs is a breeze. The coops meet higher quality standards than custom-built coops because of the precise craftsmanship and high-quality materials.
The company offers a one-year manufacturer’s warranty against defects on everything they make.
OverEZ Chicken Coop was acquired by Chet Beiler in 2020. Beiler hopes to get a Shark to invest in OverEZ Chicken Coop in Shark Tank episode 1314. The company finished 2021 with around $19 million in sales.
How Does Overez Chicken Coop Works?
OverEZ Chicken Coop is a chicken coop product that is designed to meet all the needs of chicken owners and last for many years. The coop is made in the USA and constructed out of wood by Amish-trained craftsmen.
It is heavy-duty and can be used in both hot and cold climates. OverEZ Chicken Coop comes in multiple sizes, including small, medium, and large, and can house up to 5, 10, and 15 chickens, respectively.
The coop is designed with features that provide comfort and convenience for the chickens and the owners.
It includes a screened window that opens and closes for fresh air, vents on each gable end on the upper point to let air flow through the coop, nesting boxes, roosts, a mandoor, and a chicken door. The coop sits off the ground, making it easy to clean and maintain.
OverEZ Chicken Coop is easy to assemble and can be done in less than 60 minutes. The product is modular, making it easy to move around the backyard. The company guarantees 100% satisfaction, and customers can call their experts for any questions or concerns.
In summary, OverEZ Chicken Coop is a high-quality chicken coop product that is designed to meet the needs of chicken owners and last for many years. It is made in the USA and constructed out of wood by Amish-trained craftsmen.
The coop comes in multiple sizes and includes features that provide comfort and convenience for the chickens and the owners. It is easy to assemble, modular, and comes with a satisfaction guarantee.
What Happened To Overez Chicken Coop After Shark Tank?
OverEZ Chicken Coops is a modular chicken coop design that is simple to put together, created by Chet Beiler. The company had made $9 million in annual revenue at the time of filming Shark Tank, and $21 million in lifetime revenue since the company’s founding in 2017.
During the Shark Tank pitch, Beiler revealed that OverEZ Chicken Coops had $9 million in year-to-date sales, which impressed the Sharks. Daymond John offered $1 million for 25% of the company’s equity, while Kevin O’Leary offered $1 million for 4%, paid off over three years with 11.5% interest.
However, Beiler did not accept the offer, and the company did not get a deal on Shark Tank.
Since appearing on Shark Tank, OverEZ Chicken Coops is still going strong. They now offer sheds, chicken runs, and other coop accessories on their website. The company is worth $25 million and has been running profitably since 2020, making million-dollar profits every year.
What Is The Current Valuation Of Overez Chicken Coop?
As of September 2022, the net worth of OverEZ Chicken Coop is estimated to be $21 million USD, down from its pre-Shark Tank valuation of $25 million USD.
The company was featured on Shark Tank in November 2021, where the founder, Chet Beiler, asked for $1 million for 4% equity valuing the company at $25 million. OverEZ Chicken Coop is a ready-to-assemble backyard chicken coop kit company founded by Chet Beiler.
The company has been running profitable since 2020 and making a million-dollar profit every year. In 2019, the company’s sale was $2.2 million.
OverEZ Chicken Coop is headquartered in Manheim, Pennsylvania, United States, and employs 2-10 people. The company provides a one-year warranty on its product and also provides free shipping. Dealers keep a profit margin of 18% – 56% on selling the company’s products.
The coops are designed to meet all the needs of chickens and last for many years. The coops are made in the United States at two locations.
Is Overez Chicken Coop Still In Business?
As of September 2022, the net worth of OverEZ Chicken Coop is estimated to be $21 million USD, down from its pre-Shark Tank valuation of $25 million USD.
The company was featured on Shark Tank in November 2021, where the founder, Chet Beiler, asked for $1 million for 4% equity valuing the company at $25 million. OverEZ Chicken Coop is a ready-to-assemble backyard chicken coop kit company founded by Chet Beiler.
The company has been running profitable since 2020 and making a million-dollar profit every year. In 2019, the company’s sale was $2.2 million.
OverEZ Chicken Coop is headquartered in Manheim, Pennsylvania, United States, and employs 2-10 people. The company provides a one-year warranty on its product and also provides free shipping. Dealers keep a profit margin of 18% – 56% on selling the company’s products.
The coops are designed to meet all the needs of chickens and last for many years. The coops are made in the United States at two locations.
Is Overez Chicken Coop Still In Business?
Yes, OverEZ Chicken Coop is still in business. The company was acquired by Chet Beiler in 2020 and has since seen significant growth, with $9 million in year-to-date sales, $2.2 million in 2019 sales, and an estimated current valuation of $25 million.
The coops are made in the United States at two locations in Lancaster County, Pennsylvania, and Georgia.
The company offers a variety of coops, sheds, chicken runs, custom waterers, and feeders, as well as other accessories on their website. They also provide a 1-year warranty on their products and free shipping.
Who Is The CEO Of Overez Chicken Coop?
Chet Beiler is the CEO and owner of OverEZ Chicken Coop. He has submitted a promotional photo that shows one of the coops offered to customers in ready-to-assemble kits.
This company makes it easier to have chickens as pets or for egg production with easy-to-follow instructions and good quality products, helping to make raising chickens at home an enjoyable pastime.
Did Overez Chicken Coop Get A Deal On Shark Tank?
No, OverEZ Chicken Coop did get a deal. The OverEZ Chicken Coop was initially met with interest from the Sharks of Shark Tank, getting an offer from both Daymond John and Kevin O’Leary.
Daymond John offered $1 million for 25% of the company’s equity, while O’Leary offered $1 million for 4%, paid off over three years with 11.5% interest.
This was impressive considering that the OverEZ had managed to generate more than $200,000 in revenue in its first year on the market – quite a feat for an unusual venture such as this one.
Both Sharks saw potential in Beiler’s business and were keen to invest.
