1/3/2023 0 Comments Sweep easy broom![]() ![]() Harrington claims to have license relationships as well as television contacts. Kevin Harrington offers $50,000 in exchange for 25% shares. O’Leary raises his offer before Harrington can make one. He notes that licensing accounts for around 30-40% of Panell’s income from direct sales, which is his area of expertise. He’s prepared to pay Panell $40,000 for a 20% interest. Panell intends to sell his goods through retail establishments. He estimates that the product alone might generate a $100 million revenue stream. Kevin Harrington is opposed to the notion. ![]() Panell intends to license the Sweep Easy as well as provide product licenses. Herjavec and Kevin O’Leary are interested in discussing licensing the invention to existing broom manufacturers. For three years, he was a stay-at-home parent. Robert Herjavec is interested in trying the product. He uses an extending scraper to remove cereal, yogurt, and other items off a sample area of floor. Panell enters the Shark Tank looking for $40,000 in exchange for a 25% stock share. ![]() #SWEEP EASY BROOM FOR FREE#Do Share Your Thoughts:ĭo tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.Īlso, do check useful Startup Resources and Tools below and do join our newsletter □ for free for more interesting Business Case Studies □, Startup Insights □, and Startup founders podcast □️ delivered to your inbox every Sunday morning.What happen to Sweep Easy at the Shark Tank Pitch? They also introduced a dustpan that had a handle so cleaner won’t have to kneel to collect the dirt. The founder introduced a new and improved product the scrapper was better than the last time and it had a push button to release and retract the scrapper. In 2017, the company seemed to be back in business as all the websites and company social were newly set up. Shane received $80,000 for 25% of the equity of the business from Kevin Harrington and Daymond John during the Shark Tank to build his business. Kevin Herrington assured that he has contacts with many television agencies and Sweep Easy deserved and commercial Shane agreed to that. Shane Panell accepts the offer from Kevin Herrington and Daymond John and receives $80,000 for $25% of his business. After a short debate on the stage, Shane states that if Daymond Is ready to go back to their original offer he would want them as partners. O’Leary asks to speak with his wife and Daymond states that he would reduce his offer to $30,000 if he calls his wife. Shane with so many deals seems nervous and asks to call his wife. Later Daymond asks to Join Herrington for the same amount but to create the company. Kevin O’Leary later makes the deal at $80,000 for 25%. Robert Herejavec later decides to partner with O’Leary and offers $40,000 more than 20% of the stakes that are $80,000 for 40% of the equity for the licensing deal. Kevin further states that he can help him make his business worth $10 million.ĭaymond John offers to pay $75,000 for 33% of the equity he says he doesn’t want to license the product rather create a whole company. Shane Panell seemed very happy with the offer but Kevin Herrington stepped in, to let the founder know that he can make a lot more money with the direct-to-consumer business. Kevin O’Leary steps forward to offer Shane $40,000 for 25% of the equity but he wants to license the broom to the different broom companies. #SWEEP EASY BROOM MOVIE#Shane lets them know that everyone he has asked from restaurants, movie theaters, or any shop told him it would be $19.95. Kevin O’Leary asks about the price of the product. Kevin Herrington asks why he hasn’t done licensing yet to which Shane says he considered it. To that Shane states, he wants to do both. He asks if he wants to license it or sell the product as his. Robert asks Shane about what he wants to do with the product. Shane lets them know that he still hasn’t sold the product but he has multiple prototypes. Kevin O’Leary asks how many products he has sold. The sharks seemed impressed with the product. Shane hands Robert the product to show how easy it was to use. Robert Herejavec seemed interested and asks if he can use it. After that, he unscrews the top to reveal a scraper being released below which would help the cleaner scrape the dried stuff like food, dirt, gums, bandages, and sticker from the floor. He tells that with Sweep Easy the cleaning of such places becomes easy. ![]()
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