Cleaning has always been a big problem in every house because it’s not easy to clean when food or items stick to the floor. A normal broom can’t remove them. That’s why Shane Pannell invented Sweepeasy, a broom capable of cleaning sticky dirt off the floor.
He appeared on Shark Tank Season 2 to ask for an investment to grow his business. Did any of the five Sharks invest in his business? Let’s find out.
| Company Name | Sweepeasy | |
| Founder/Co-Founder | Shane Pannell | |
| Founded | 2009 | |
| Product | Advanced Broom | |
| Asked For | $40k for 25% equity | |
| Final Deal | $80k for 25% equity | |
| Shark | Kevin Harrington & Daymond John | |
| Episode | S2 E5 | |
| Air Date | April 15th, 2011 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Phoenix, Arizona, United States | |
| Lifetime Worth (Sales) | $5M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Business Pitch Episode Recap
Shane gave an excellent demonstration of his product on Shark Tank. He explained how his product can easily clean sticky dirt and also talked about the multifunctionality of the broom.
His product’s patent is pending. He hasn’t finalized the product yet, and it is currently in the prototype stage. He needs money to develop the final product.
Robert Herjavec personally tested the broom and found the product interesting.
Kevin O’Leary showed a lot of interest in the product and offered $40k for 20% equity. His condition was that they would sign a licensing deal with a big retail company for the product.
Kevin Harrington said that only limited money could be made through a licensing deal, but a $100 million business could be built by selling directly to consumers. He expressed interest in the business.
Kevin O’Leary increased his cash offer to $50k for 20% equity.
Daymond John said he could turn Sweepeasy into a major broom brand and offered $75k for 33% equity.
Barbara Corcoran said she doesn’t believe Shane can take the business to the finish line, so she is out.
Kevin Harrington offered $50k for 25% equity and said the product could make millions of dollars after appearing on television.
Robert Herjavec teamed up with Kevin O’Leary and offered $80k for 25% equity. Robert mentioned that they would focus on a licensing deal.
Daymond John and Kevin Harrington also teamed up and offered $80k for 25% equity. Shane decided to go with Daymond and Harrington’s offer.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | $50k + $1 royalty until the money is recouped for 25% equity |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counter |
| Final Deals | No Deals |
Sweepeasy Shark Tank Update
All four Sharks competed for an investment in Sweepeasy. However, after the episode aired, it was revealed that the deal with Kevin O’Leary never closed.
From 2012 to 2020, the business disappeared completely, and no useful information was available. However, the product was still listed on the company’s official website. The Sweepeasy broom is now distributed by A1American.
The current estimated worth of Sweepeasy is around $8 million, and it is generating approximately $1 million in annual sales.
Check out Shark Tank Season 2 Business Update.
If you want more updates on the businesses that appeared in Season 2, visit here.
