Sweep Easy Broom Update | Shark Tank Season 2

Brooms are a household cleaning staple, but they’re sometimes not enough. Because of this, Shane Pannell has come up with an innovative new broom design. His broom has a built-in scraper, to clean up encrusted messes. Will the sharks be swept away on Shark Tank Season 2? Find out in our Sweep Easy update!

Shark Tank Sweep Easy Update

Sweep Easy update

  • Entrepreneur: Shane Pannell
  • Business: Broom with integrated scraper
  • Ask: $40,000 for 25% equity
  • Result: $80,000 for 25% equity
  • Shark: Daymond John and Kevin Harrington

Shane brings his company and product, Sweep Easy, to Shark Tank Season 2, Episode 6. He starts off his pitch with a strong demonstration, of how his broom work.

The Sweep Easy is basically a broom, with a built in scraper. When the sharks see this added feature, they immediately show enthusiasm for the product.

This is because it solves a problem that everybody has. The good news is that it’s patent pending, however Shane hasn’t had any sales.

He’s still pre-revenue, because he’s working with prototypes at this point.

Kevin O’Leary asks Shane to share about his story. Shane shares that he just invented a tool that he needed, as a stay-at-home dad. 

Robert Herjavec asks to try the product, and Shane happily invites him up. Then, Kevin O. asks if Shane has talked to any retailers.

That’s when Shane assures the sharks that he has plenty of interest for a finished product. Barbara Corcoran speaks up, and asks if there is an actual purchase order.  

However, Shane replies that he doesn’t have one yet. This is because he’s unlicensed, and uninsured. When asked about cost, he says he plans to sell the Sweep Easy for $19.95.

Kevin O. wants to license the product, and offers $40,000 for 20% equity. At this point, Kevin Harrington interrupts, and advises Shane to not be tied to licensing.

Then, Kevin O. ups his offer to $50,000 for 20% equity. The two Kevins bicker over strategies. 

Daymond John offers $75,000 for 33% equity.

Barbara Corcoran goes out, because she doesn’t believe that Shane will be able to follow through with all that needs to be done.

Kevin H. offers $50,000 for 25% equity in Sweep Easy.

Robert offers $40,000 for 20% equity, to start a licensing deal. Just then, Kevin O. joins him on the deal, turning it into an offer of $80,000 for 25% equity.

In reponse, Kevin H. and Daymond partner up, offering the same deal of $80,000 for 25% equity.

In the end, and after much hesitation, Shane accepts the deal with Daymond and Kevin H..

What do you think happened following Shark Tank? Keep reading our Sweep Easy update to find out!

Research for our Sweep Easy update revealed some interesting news. As it turns out, the deal with the sharks did not actually come to fruition.

Despite this, Shane has managed to succeed without their help! Although, there were some years of inactivity for the business.

However, Shane finally returned to the market, and with a redesigned product in 2017. The company is still operating, and achieving just over $1 million in annual revenue.

If you think this product could help you with your cleaning, you can find them on the Sweep Easy website

One additional note; since Shark Tank, the retail price has gone up from what Shane had originally estimated. That said, they have several 5 star reviews to make up for it.

If we learn anything new about this company, we’ll be sure to let you know! In the meantime, if you’d like to learn about the other companies featured on Shark Tank Season 2, Episode 6, check out the links below!

For even more on companies and products, be sure to stop by our Season 2 Products Page before you go!

 

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!