VaBroom Shark Tank Update | VaBroom Net Worth

VaBroom, featured on episode 11 of season 13 of Shark Tank, is a cleaning tool designed to simplify sweeping tasks.

VaBroom combines the functionality of a broom with a built-in vacuum nozzle, allowing users to easily sweep debris into a pile and then activate the vacuum to suck it up.

It eliminates the need for a dustpan and reduces the hassle of cleaning up smaller messes. The product’s slogan, “It’s a vacuum. It’s a broom. It’s VaBroom!” highlights its dual functionality.

The VaBroom gained attention for its convenience and efficiency, making it a practical choice for quick and easy cleaning in various spaces.

Company NameVaBroom
FounderTrevor Lambert and John Vadnais
ProductVacuum broom with 2-in-1 function
Investment Seeking$350,000 for 2.5% equity
Final Deal Accepted$350,000 for a royalty of $3 per unit until $700,000 is paid + 2.5% of the design firm
Shark NameKevin O’Leary
EpisodeSeason 13, Episode 11
Business StatusIn Business
WebsiteVaBroom Website
Net Worth$10 million

What Is VaBroom?

VaBroom is a 2-in-1 cleaning tool designed to make cleaning easier and more enjoyable. It features a built-in vacuum that eliminates the need for a dustpan.

The device allows you to sweep dust, dirt, and debris into a line or pile on the floor, then activate the vacuum by tilting and pressing the suction nozzle against the floor.

VaBroom is a battery-powered electric broom that combines sweeping and vacuuming functions for efficient and easy cleaning.

VaBroom Shark Tank Update | VaBroom Net Worth

It is designed to sweep dust, dirt, and debris from various types of flooring surfaces, such as wooden flooring, tiles, and laminate floors.

The broom features a powerful motor for accurate cleaning, a built-in suction nozzle for clearing debris, and an easy-release button for emptying the debris cup.

The VaBroom is equipped with high-quality bristles that can sweep up even the tiniest particles, making cleaning more effective and comfortable without the need for dust pans. Additionally, it operates quietly for noise-free cleaning.

VaBroom is lightweight, cordless, and powered by a rechargeable lithium battery pack. It is praised for its powerful suction, innovative design, and convenience-focused features. The product has received positive reviews from customers for its performance and ease of use.

Who Is The Founder Of VaBroom?

The founders of VaBroom are Trever Lambert and John Vadnais. Trever Lambert established Enhance Product Development in 2001, aiming to provide effective services for inventors and product companies.

VaBroom, a combination of a broom and vacuum cleaner designed to simplify cleaning tasks, was one of their successful inventions.

Trever Lambert conceived the idea for VaBroom out of frustration with existing invention service providers. His goal was to create a product that eliminates the need for dustpans and bending over while sweeping.

VaBroom’s design allows users to sweep debris into a pile and then vacuum it up by touching it to the floor and tilting the nozzle.

Before appearing on Shark Tank, VaBroom had a successful Kickstarter campaign, raising $74,494 from 1,378 backers.

The initial manufacturing and fulfillment of orders faced challenges due to the COVID-19 pandemic, but all orders were eventually fulfilled by the end of 2020.

In October 2021, VaBroom was enhanced with a rubber tip on the vacuum nozzle to protect hardwood floors from scratching.

The product received positive reviews for its ease of use and convenience, with availability on their website, Amazon, and major retailers like Lowes, Target, and Walmart.

How Was The Shark Tank Pitch Of VaBroom?

  • Founders: Trevor Lambert and John Vadnais pitched VaBroom on Shark Tank, seeking $350,000 in funding for a 2.5% stake in their company.
  • Product: VaBroom is a cordless vacuum that doubles as a broom, designed to make cleaning faster and easier.

During the pitch, Trevor and John showcased VaBroom’s innovative design, highlighting its functionality as a broom and vacuum combination.

VaBroom Shark Tank Update | VaBroom Net Worth

The Sharks were impressed by the product’s sales figures but raised concerns about pricing, equity stake, design aspects, and market competition.

Ultimately, Kevin O’Leary made an offer of $350,000 for a 2.5% stake with additional conditions. After considering a counter-offer from the founders, they accepted Kevin O’Leary’s deal of $350,000 for a 2.5% stake in the company.

Shark’s Views about VaBroom:

  • Mark Cuban and Peter Jones raised concerns about design and necessity.
  • Daymond John criticized the low equity stake sought by the founders.
  • Lori Greiner questioned the uniqueness and competitive edge of the product.
  • Kevin O’Leary was impressed by the product and made an offer.

Investment Offers For VaBroom:

  • Mark Cuban, Peter Jones, Daymond John, and Lori Greiner all dropped out.
  • Kevin O’Leary offered $350,000 for a 2.5% stake with a $3 royalty per unit until he recoups $700,000.
Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted
Kevin O’Leary$350,000$700,000 at 2.5% equityYes

Did VaBroom Get a Deal on Shark Tank?

Enhance Product Development, specifically, the entrepreneurs Trever Lambert and John Vadnais with their product Vabroom did secure a deal on Shark Tank.

Kevin O’Leary offered $350,000 for a 2.5% equity stake along with a $3 per unit royalty until his initial investment of $700,000 was recouped.

This partnership was aimed at driving sales and expanding Vabroom’s market presence in the household cleaning products industry.

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What Happened To VaBroom After Shark Tank?

After appearing on Shark Tank, VaBroom, the innovative broom with a built-in vacuum, experienced a significant boost in exposure and sales.

The founders, Trevor and John, managed to strike a deal with Kevin O’Leary for $350,000 in exchange for a 2.5% stake in their company. This deal provided them with the necessary resources to develop and market their product further.

VaBroom is still in business and actively selling its product. They have maintained their original price point of $59.99, making it more affordable for their target market.

The product is available for purchase on their official website and Amazon, with a one-year warranty included. Additionally, VaBroom can be found in selected retail stores such as Lowe’s, Target, and Walmart.

VaBroom Shark Tank Update | VaBroom Net Worth

With the support of Kevin O’Leary as an investor, VaBroom has access to valuable resources and connections that can further propel its business growth.

VaBroom has successfully navigated the post-Shark Tank landscape, maintaining its presence in the market and continuing to attract customers with its innovative cleaning solution.

With a solid net worth and ongoing business operations, VaBroom is poised for further success in the future.

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VaBroom Shark Tank Update

After appearing on Shark Tank seeking an investment of $350,000 for only 2.5% of the VaBroom, Trevor Lambert and John Vadnais managed to strike a deal with Kevin O’Leary.

Despite some skepticism from other sharks, VaBroom showcased impressive sales figures, bringing in $3.1 million within the past year with profits of around $300,000. The product saw a surge in popularity, with projections indicating a $5 million revenue by the end of the year.

VaBroom’s success continued as it secured retail partnerships with major outlets like Amazon, Walmart, Lowe’s, and Bed, Bath & Beyond.

The product, which initially cost $59.99, is now available for $79.99 on the official website and between $59.98 and $79.99 through various retailers.

Despite mixed reviews online, VaBroom has garnered recommendations from reputable sources like USA Today, Apartment Therapy, BuzzFeed, and The Today Show.

VaBroom’s estimated net worth stands at $10 million, with an annual sales revenue of $5 million. While the brand isn’t very active on social media, it continues to maintain a presence through its website and retail partnerships.

VaBroom’s journey post Shark Tank has been one of growth and success, solidifying its position in the market as a convenient cleaning solution for consumers.

VaBroom is still in business and thriving, with its innovative product resonating well with customers and securing a strong foothold in the market.

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What Is the Net Worth Of VaBroom?

According to our research, VaBroom’s net worth is estimated to be $10 million. The valuation of VaBroom was $7 million after securing an investment from Kevin O’Leary on season 13 of Shark Tank.

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