Sweep Easy Shark Tank Net Worth

Sweep Easy is a broom that contains an integrated scraper for cleaning up sticky, dried-up stains on the floor.

Shane Pannell, a stay-at-home dad, introduced a prototype of his Sweep Easy broom to Shark Tank in 2011. Shane Panel created “Sweep Easy” to solve these sticky problems.

Sweep Easy features a built-in scraper that assists the cleaner in removing dirt, food, and stickers from the floor.

SweepEasy has been redesigned with a new button system and an easy glide mechanism to quickly and easily move the device around on your floor. It is now quicker and easier to use than ever before.

Company NameSweep Easy
EntrepreneurShane Pannell
ProductA device for cleaning golf balls
Investment Asking For$40,000 for 25% equity in Sweep Easy
Final Deal$80,000 for 25% equity in Sweep Easy
SharkKevin Harrington and Daymond John
Episode Season 2, Episode 6
Business StatusIn Business
WebsiteSweep Easy Website

Who Is the Founder of Sweep Easy?

Shane Panell is the founder of Sweet Easy. SweepEasy is a great way to clean your floors quickly. Now you do not have to move your arms and knees to scrub stubborn stuff off your floors.

With the 2-in-1 SweepEasy featuring a built-in retractable scraper, you extend the scraper and scrape, sweep and go.

Sweep Easy Shark Tank Net Worth

SweepEasy is available in the Home, Pro, and Lobby versions, allowing you to choose a model that meets your cleaning needs.

Here is the complete list of features of Sweep Easy:

  • Scrape stuck-on food and debris with a scraper, then retract it to sweep away the remnants.
  • Plastic scrapers prevent flooring surfaces from getting marred and are long-lasting.
  • Using SweepEasy’s ergonomic design, you can sweep and scrape upright, saving your knees and back.
  • A broom and scraper in one tool, SweepEasy is the world’s first deployable/retractable broom and scraper.
  • SweepEasy is the new industry standard in brooms! Below are some additional features and benefits.

A broom has been an integral part of every family for generations, helping them clean and sanitize their premises. 

He goes on to point out the shortcomings of standard broomsticks, though. Firstly, they are not suitable for removing sticky objects from any surface. The second problem is that they are ineffective at removing scratches from shoes.

Shane introduces Sweep Easy to help everyone clean their homes and even commercial properties quickly and efficiently.

Everyone on the panel was eager to be a part of this revolutionary cleaning tool after hearing Shane’s simple idea.

Shane’s idea was not only applauded, but he also received funding from the jury members.

The key selling point of Sweep Easy is its three-in-one retractable scraper. Featuring high-quality plastic construction, each accessory is suitable for various surfaces. 

Sweep Easy can handle any problem, regardless of whether your floors are vinyl or hardwood.

This revolutionary 3-in-1 Super Sweeper is now available! The days of removing items from your house on your hands and knees with a butter knife are long gone.

Sweep Easy Shark Tank Net Worth

Sweep Easy also draws a lot of attention from ABC’s Shark Tank, which can reach 5 to 9 million viewers in the United States. 

This show, as well as other morning talk shows, led to additional publicity for Sweep Easy.

Sweep Easy’s price has a significant influence on its popularity as well. This broom is not only comparable to other brooms on the market, but it also has features that no other broom on the market can compete with.

Scuff Buffer Attachment of Sweep Easy

Scuff buffers, specifically designed for this product, allow users to glide over any surface efficiently and effortlessly.

A soft coating is applied to the top of the ball-shaped accessory. Compared to your standard scrappers, this one promises to be safer than those you’ve used for years. The following are a few of its  benefits:

  • It does not leave any marks on your flooring, unlike traditional scrapers.
  • It is suitable for use on expensive hardened wood floors.
  • It is made of high-quality materials, assuring a longer lifespan.
  • Scuffs generated by any sole can be removed.
  • Makes claims about being environmentally friendly.

Sweep Easy claims its products are environmentally friendly but don’t say how or why. There are no specifics about the company’s environmental commitment on its website or packaging.

In addition, a closer look at the product shows that it is made of plastic, which is not environmentally friendly. The bristles of the broom and the brushes are not recyclable.

How was the Shark Tank Pitch of Sweep Easy?

The confident smile on Shane Panel’s face waved a welcome to the show. Shane Panel appeared on Shark Tank requesting an investment of $40,0 in exchange for 25% of the stake in Sweep Easy.

Shane surveyed the muddy tile before the dirty floor was covered with dried food. Shane begins by stating that we have all found something stuck on the floor while sweeping and had to work hard to remove it. 

Shane says Sweep Easy makes cleaning such areas simple. The cleaner unscrews the top to reveal a scraper that will help her remove food, grime, gum, bandages, and stickers from the floor.

Robert Herejavec expressed interest and asked if he could use it. Shane hands Robert the product to show him how easy it is to use. 

Sharks seem to like the product. Kevin O’Leary wonders how many things he has sold. He informs them that he has not yet sold the device but has several prototypes.

Robert asks Shane what he plans to do with the product. He wondered whether he wanted to license it or sell it. 

Shane says he would like to do both. Kevin Herrington asks Shane why he has not yet completed the licensing process, and Shane replies that he has considered it.

Kevin O’Leary inquires about the price of the product. Shane mentions that he has asked everyone in restaurants, theaters, and shops about the price. Sharks seem satisfied with the price. 

Kevin O’Leary approaches Shane with an offer of $40,000 for 25% of the shares, but he wants to license the broom to various companies. 

Kevin Herrington told Shane Panell that a direct-to-consumer business would make him more money than the creator had anticipated. Kevin says he can help Kevin increase the value of his company to $10 million.

Kevin Herrington joined the bidding war. Mr. O’Leary’s investment was increased to $50,000 for 20% of the company to bring him on board. 

After Daymond John’s remark, Shane immediately stated that he could tell he wanted to claim this product for himself. Eventually, he plans to start and run his own business and introduce new products. Shane agrees.

In exchange for 33 percent ownership of Sweep Easy, Daymond John offers $75,000, stating that he is not interested in licensing the product but instead developing a whole company. 

Robert Herejavec joins forces with O’Leary and offers $40,000 more than the stakes of 20 percent, which are $80,000 for 40 percent of the equity. Later, Kevin O’Leary agreed to buy a 25 percent stake for $80,000.

Daymond later offers to join Herrington for the same salary, but he wants to start his own company. Having so many transactions, Shane is uneasy and wants to call his wife. 

When O’Leary requests to speak with his wife, Daymond tells him that if he calls her, he will reduce his offer to $30,000. 

Shane says he wants to work with Daymond and is willing to return to their original offer. 

Kevin Herrington and Daymond John offer Shane Panell $80,000 in exchange for a 25% stake in Sweep Easy.

Shane Panell happily accepted Kevin Harrington’s and Daymond John’s offer and left the Shark Tank stage.

Final Deal: Daymond John and Kevin Harrington agreed to invest $80,000 for a 25% stake in Sweep Easy.

Who are the Investors of Sweep Easy?

Kevin Herrington says he has connections with several television companies, and commercial Shane agrees that Sweep Easy needs to be commercialized. 

Kevin Harrington and Daymond John awarded Shane $80,000 from the Shark Tank in exchange for 25 percent ownership of his business.

What is the Revenue Model of Sweep Easy?

During Shane Panell’s appearance on the show, he discussed his plan for selling the product to restaurants, theaters, and larger establishments.

After appearing on Shark Tank, Shane started selling his products in several locations and online.

Sweep Easy is available in three colors: green, orange, and blue. According to the website, each of these brooms costs $28.97.

Sweep Easy now offers an enclosed dustpan for $15.97. The product is also available on Amazon for $29.99.

What Happened to Sweep Easy After Shark Tank?

The Sweep Easy broom gained popularity following Shark Tank. Kevin Herrington assisted in promoting the broom advertisement as promised. Brooms are used for selling a variety of items.

Sweep Easy’s social media platforms were closed in 2012, and the website was unavailable to take orders since it appeared all items were out of stock.

Sweep Easy’s websites and social media channels were newly launched in 2017, indicating that it was back in operation. 

According to the founder Shane Panell, the Sweep Easy scrapper was better than before and had a push button to release and retract the scrapper.

They also created a handle dustpan so cleaners wouldn’t have to squat to collect dirt. Sweep Easy is still in business, with annual revenue of $1 million.

What Is the Net Worth of Sweep Easy?

The valuation of Sweep Easy was $160,000 when it appeared on Shark Tank. The net worth of Sweep Easy is estimated to be $1 million.

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