![]() ![]() 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. 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.
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