Kevin Harrington then countered, affirming that Shane should take the direct-to-consumer sales route. Kevin O’Leary initially stepped up, offering $40,000 for 25%, providing the brooms were licensed with existing companies. Shane intended to sell to both the domestic and commercial market (targeting cinemas, theatres, restaurants etc.) but needed help from the sharks to create a viable direct-to-consumer business. What he did have though, was a number of prototypes and an attractive business model. Shane managed to hold his nerve in front of the formidable sharks, despite having to admit he had zero sales to his name. When Shane jumped into the ABC show, Shark Tank, (season 2 week 6) he initially valued his company at $160,000 – asking for $40,000 for a 25% stake. The tool if designed to be easy to use and is great for removing food, stickers etc.Ĭheck Out More Reviews Overall Score: 95/100 The product itself resembles a broom, but it has the added benefit of a built-in, retractable scraper. If you’ve ever had to stop sweeping the floor in order to scrape up a mashed-in cake or a sticky sweet, you’ll understand why the Sweep Easy sweep and go broom is so popular. Like many a fledgling inventor, Shane Pannell came up with a clever solution to an everyday problem. Sure that he was on to a winner, Shane took his prototype sweep and go broom to the Shark Tank – securing investment and gaining exposure to a wide audience. Perplexed to find there was no other suitable tool on the market, Shane put down his butter knife and invented his own clean up product – the Sweep Easy which has gone on to command a net worth of over $5 million. A busy stay-at-home dad, Shane often found himself kneeling on the floor, scraping up dried bits of food – usually with a butter knife! That certainly proved to be the case for Shane Pannell. We all like gather round the table to eat with family and friends, but let’s face it, dinnertime can be a messy affair.
SweepEasy Net Worth 2022 – What Happened After Shark Tank.
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