Sweep Easy Shark Tank Update | Sweep Easy after the Shark Tank Pitch

What is Sweep Easy?

Sweep Easy is a broom with an integrated scraper. The broom is designed to clean up difficult, stuck-on messes without requiring you to stoop down and scrub or scrape.

With a rapid push-button and extended handle, the broom’s scraper extends from the middle of the broom.

Shane Pannell invented the Sweep Easy. As a stay-at-home father of three, he founded the company. Sweep Easy LLC’s President is still Pannell.

Shane Pannell had the idea for the Sweep Easy broom while scraping up spilt food on his hands and knees in his kitchen.

Pannell made the sweep simple in his workshop. He spent roughly a month making the Sweep Easy broom.

Pannell pitched his idea to other businesses he believed might benefit from the broom.

He visited bakeries, movie theatres, and schools. Many people were fascinated once it was confirmed that the product would be anything.

In 2010, he attempted to trademark the Sweep Easy. He then started seeking for money. This investigation brought him to the Shark Tank.

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Who Founded Sweep Easy?

Shane Pannell.

What happen to Sweep Easy at the Shark Tank Pitch?

Panell enters the Shark Tank looking for $40,000 in exchange for a 25% stock share. This equates to a $160,000 value.

He uses an extending scraper to remove cereal, yogurt, and other items off a sample area of floor. On the product, he has a patent pending.

Robert Herjavec is interested in trying the product. For three years, he was a stay-at-home parent.

Herjavec and Kevin O’Leary are interested in discussing licensing the invention to existing broom manufacturers. Panell intends to license the Sweep Easy as well as provide product licenses.

Kevin Harrington is opposed to the notion. He estimates that the product alone might generate a $100 million revenue stream. Panell intends to sell his goods through retail establishments.

Kevin O’Leary wishes to discuss money. He’s thinking of licensing the product. He’s prepared to pay Panell $40,000 for a 20% interest.

Kevin Harrington takes a stand. He notes that licensing accounts for around 30-40% of Panell’s income from direct sales, which is his area of expertise.

O’Leary raises his offer before Harrington can make one. $50,000 at a 20% discount.

Kevin Harrington offers $50,000 in exchange for 25% shares. Harrington claims to have license relationships as well as television contacts.

Shane wants to operate his own business, expand Sweep Easy, and develop new items, according to Daymond John.

Daymond offers $75,000 in exchange for 33% equity.

He offers to join Kevin Harrington in making the sale for $80,000 in exchange for 25% equity. Daymond is beginning to contemplate the offer and has stated that if Shane walks out, he would withdraw the offer.

Barbara 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. She tells him she doesn’t think he’s the type of person who can cross the finish line. She has left.

Kevin O’Leary — rather than producing brooms, he wishes to license the Sweep Easy. He makes a $40,000 offer in exchange for 20%.

Kevin increases his offer to $50,000 for 20% shares once Kevin Harrington arrives. He invites Kevin Harrington to go 50/50 with him, but Kevin Harrington declines Kevin O’Leary’s invitation. Harrington want greater power rather than a partner.

Robert Herjavec – joins Kevin O’Leary’s proposal, providing $80,000 in exchange for 25% stock.

Kevin Harrington accepts Daymond John’s invitation to go in with him. They match Herjavec’s offer of $80,000 for a 25% stake.

Panell wants to phone his wife, but the Sharks press him to respond. O’Leary offers to speak with Panell’s wife, putting him on the spot.

If Panell departs to contact his wife, John decreases his offer to $70,000 for 30%.

Panell, under duress, accepts John and Harrington’s offer of $80,000 for a 25% stake. He walks away from the Tank with a contract.

Sweep Easy after the Shark Tank Pitch

Shane Pannell’s Sweep Easy contract with Daymond John and Kevin Harrington fell through.

The Sweep Easy social media pages appear to be dormant, since there have been no new updates since 2012.

The website, on the other hand, is still operational. Customers who wish to lessen pressure on their backs when cleaning up domestic messes can still purchase the goods.

Panell resurrected the Sweep Easy in the spring of 2017 after a few years of inactivity and restricted (or no) availability.

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.

There are also three versions available: Home, Pro, and Lobby. They include replaceable plastic and metal scrapers, making them more adaptable to your needs.

He’s still in business and selling brooms on his website as of November 2021. The annual income is barely over $1 million.

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Sweep Easy Net Worth

Panell enters the Shark Tank looking for $40,000 in exchange for a 25% stock share. This equates to a $160,000 value.

He accepted an offer from Daymond and Harrington of $80,000 for 25% thus brings valuation to be $320,000.

Sweep Easy Competitors

There is no competitor for Sweep Easy.

Sweep Easy FAQS

Is it true that Sweep Easy made money?

Despite 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.

Is sweep Easy still in operation?

“Easy Sweep!” He’s still in business and selling brooms on his website as of November 2021.

What happened to Sweep Easy after Shark Tank?

Shane began selling his items in several places and on his internet website after appearing on Shark Tank.

The brooms are available in three colours: green, orange, and blue, and they cost $28.97 on the website. The website has released an enclosed dustpan for $15.97.

What is sweep easy worth?

Sweep Easy was valued at $ 320,000 at the Tank after the owner accepted an offer.

What exactly is Sweep Easy?

Sweep Easy is a multi-purpose floor scraper that is effective in removing stickers and bandages from the floor.

A high-quality plastic crapper can remove any material that has been attached to the ground or solidified.

They won’t have any problem cleaning it because it’s unobtrusive.

Why Is Sweep Easy So Popular?

Sweep Easy’s key selling feature is its three-in-one retractable scraper.

All three attachments are constructed of high-quality plastic and are suitable for use on a variety of surfaces.

So, whether they have vinyl or hardwood floors, Sweep Easy can clear up any type of problem fast and effectively.

What is Sweep Easy’s revenue model?

Shane Panell presented his concept for marketing the product to restaurants, theaters, and larger institutions during his visit on the show.

Shane began selling his items in a variety of venues and online after appearing on Shark Tank.

What are weaknesses of Sweep Easy?

Shane’s only problem is that he hasn’t as yet increased the manufacturing capacity because his product is still new.

But with the support it has received, there’s no doubt that his idea will flourish and continue to be successful for years to come.

Who’s the owner of Sweep Easy?

Sweep Easy is owned by Shane Panell.

How much does Sweep Easy cost?

If customers opt to buy Sweep Easy, they will have to pay the RRP of $29.90. Please keep in mind that the original price is $19.95, whereas Amazon and other e-commerce sites charge $29.90.

Are Sweep Easy Patent?

Yes.

Does Sweep Easy have any movies?

Yes. Shane Panell was featured on the season 2 episode 6, which aired on October 4, 2014.

What the strengths of Sweep Easy?

Sweep Easy is a lightweight broom that utilizes 3 pieces to assemble. They can turn the broom into a dustpan, a brush, and a scraper.

The scraper makes it very easy to remove stickers from any surface without damaging the material.