Vabroom, the innovative combination of a vacuum cleaner and a broom, made waves on the popular TV show Shark Tank and secured a deal with renowned investor Kevin O’Leary. Since its appearance on the show, Vabroom has experienced remarkable success and its net worth has soared. Let’s take a closer look at how this unique product has fared before and after its Shark Tank debut.
- Vabroom, a vacuum cleaner and broom hybrid, appeared on Shark Tank and secured a deal with Kevin O’Leary.
- As of 2023, Vabroom is valued at an estimated $10 million.
- The founders, Trevor Lambert and John Vadnais, have a net worth of $2.25 million as of 2022.
- After their Shark Tank appearance, Vabroom experienced a surge in sales and garnered significant media attention.
- Vabroom can be purchased on various platforms, including VaBroom.com, Amazon, Walmart, Lowe’s, and Bed Bath & Beyond.
About the Founders of VaBroom
VaBroom was founded by Trevor Lambert and John Vadnais, two innovative entrepreneurs with a passion for creating practical and efficient products. Trevor Lambert hails from Champlin, Minnesota and is an alum of the University of St. Thomas. In 2010, he established Enhance Innovations, a renowned design firm that has been instrumental in bringing numerous successful products to market. John Vadnais, on the other hand, holds an MBA from Bemidji State University and is the proud owner of Vadco Innovations. Together, Lambert and Vadnais have built a dynamic partnership, leveraging their diverse skill sets to drive the success of VaBroom.
Although Trevor and John took center stage during their appearance on Shark Tank, it’s important to note that they are not the only individuals driving the success of VaBroom. In fact, there are six other partners involved in the business, each contributing their expertise and experience to the company’s growth and development.
Enhance Innovations: Design Experts
Enhance Innovations, founded by Trevor Lambert, has played a crucial role in the creation and development of VaBroom. With their expertise in product design and engineering, Enhance Innovations has helped bring VaBroom from concept to reality. Through their dedication and commitment to excellence, they have contributed to the success and marketability of VaBroom, ensuring it stands out in a competitive market.
Vadco Innovations: Business Acumen
John Vadnais, the owner of Vadco Innovations, brings essential business acumen to the table. With his MBA and extensive experience in launching and managing businesses, Vadnais has been instrumental in guiding VaBroom’s strategic direction and ensuring its financial stability. His expertise in operations, sales, and marketing has been a driving force behind the company’s growth and success.
|University of St. Thomas Alum
|Founder of Enhance Innovations
|MBA from Bemidji State University
|Owner of Vadco Innovations
VaBroom’s Shark Tank Experience and Success
VaBroom, the innovative combination of a vacuum cleaner and a broom, made its highly anticipated appearance on the thirteenth season of Shark Tank. The founders, Trevor Lambert and John Vadnais, stepped into the tank seeking $350,000 for a mere 2.5% equity stake in their company. To sweeten the deal, they showcased their impressive sales figures, as the product had already generated a remarkable $3.1 million in revenue over the past year.
Amidst the intense negotiations, Kevin O’Leary, known as “Mr. Wonderful,” recognized the potential of the VaBroom and made an enticing offer. He proposed the desired $350,000 investment in exchange for a 2.5% equity stake, along with a $3 royalty per unit until he recouped $700,000 in royalties. Lambert and Vadnais gladly accepted the offer, securing a powerful partnership to fuel the growth of their revolutionary product.
The VaBroom’s appearance on Shark Tank catapulted it into the spotlight, garnering significant media attention and capturing the interest of consumers nationwide. In the aftermath of the show, the founders experienced a surge in sales, propelling their business to new heights. While the product has received a mix of reviews, boasting a respectable 3.5-star rating on Amazon, its popularity continues to soar, solidifying its position in the market.
With their Shark Tank success and the guidance of Kevin O’Leary, VaBroom’s sales have thrived, contributing to its current estimated valuation of an impressive $10 million. As the company expands its distribution channels and reaches more consumers, the VaBroom is set to revolutionize the cleaning industry, making household chores more efficient and convenient for households everywhere.
What is VaBroom’s net worth after appearing on Shark Tank?
As of 2023, VaBroom is estimated to be worth $10 million.
What is the net worth of VaBroom’s founders?
As of 2022, Trevor Lambert and John Vadnais have a net worth of $2.25 million.
When was VaBroom released?
VaBroom was released in 2020.
How much in sales did VaBroom generate in 2021?
VaBroom generated $3.1 million in sales in 2021.
Where can I purchase VaBroom?
VaBroom is available for purchase on VaBroom.com, Amazon, Walmart, Lowe’s, and Bed Bath & Beyond.
Who are the founders of VaBroom?
The founders of VaBroom are Trevor Lambert and John Vadnais.
What are the backgrounds of the founders?
Trevor Lambert is from Champlin, Minnesota, and attended the University of St. Thomas. John Vadnais has an MBA from Bemidji State University.
How many partners are involved in VaBroom?
In addition to Trevor Lambert and John Vadnais, there are six other partners involved in VaBroom.
What happened when VaBroom appeared on Shark Tank?
VaBroom secured a deal with Kevin O’Leary on Shark Tank. Kevin offered $350,000 for 2.5% equity and a $3 royalty per unit until he recouped $700,000.
How did VaBroom’s sales perform after their Shark Tank appearance?
VaBroom received significant media attention after appearing on Shark Tank, leading to a spike in sales.
What is the rating of VaBroom on Amazon?
VaBroom has a 3.5-star rating on Amazon.