VaBroom: What Happened After Shark Tank

VaBroom: What Happened After Shark Tank

The episode of Shark Tank featuring VaBroom aired in the year of 2021. The product is a broom with a built-in vacuum that was pitched by the Enhance Innovations Co. The sharks were intrigued and the company duo left the tank with a deal from Kevin O’Leary. Since then, there have been a lot of questions about what happened to VaBroom after Shark Tank. In this article, we will answer all of those questions and give you the most recent information about what happened to VaBroom after their appearance on Shark Tank!

What is VaBroom?

Cleaning your house is a pain, but it’s something that we all have to do. There are plenty of products on the market that claim to make cleaning easier, some of them are more unique than others.

When sweeping, you often have to deal with a lot of dust and debris flying around, which can be annoying and even dangerous if you have allergies. Not to mention the broom lines on your floor that are difficult to clean!

What is VaBroom?

This is where VaBroom comes in. It’s a cordless vacuum that also doubles as a broom.

With a push of a button, VaBroom goes from being a broom to a vacuum. The vacuum is powerful enough to pick up dirt, dust, and even pet hair. Simply press the button and tilt the broom as you sweep and the vacuum will do the rest.

When you’re done, lift the broom and the suction will turn off. The dirt and debris will be collected in the dustbin, which is easily emptied with the push of a button. Just don’t forget to hold the broom over the garbage can!

The best part about this broom vacuum hybrid is that it doesn’t need to be plugged in. This means that you can use it anywhere in your house without having to worry about finding an outlet. Instead, the device operates on a rechargeable lithium battery. Despite having so much for it the broom is very lightweight, making it easy to use for everyone. [1], [2]

History of the Founders

VaBroom was invented by Joseph Caswell, a Vice-President of Enhance Product Development. It is unknown how he came up with the product, but it is clear that he put a lot of thought into its design. The ones who pitched the product to the sharks however, were Trevor Lambert and John Vadnais.

Trevor is the CEO of Lambert Licensing, which is a product development company. He has over 15 years of experience in the industry and has helped to popularize a variety of existing products. Many products have been distributed in stores like Walmart, Target and Lowes under Trevor.

But Trevor wanted to create products of his own, and that’s when he established Enhance Innovations. He thought that most of the companies out there lack creativity, and he wanted to change that. One of the first innovations his company was selling was Incredi microwave cookware and Migration Mars.

John Vadnais on other hand, has a Masters degree in Business Administration in Entrepreneurship and Entrepreneurial Studies of Bemidji State University. He mainly works as a Manager and Master Plumber at Roger Vadnais Plumbing company. Besides that, he also realized his entrepreneurship skills by being the CEO of Vadco Innovations LLC, and That’s Epic! dba Sauce Toss. After hearing about the idea of a vacuum broom hybrid, John decided to invest $200,000 into this product. He thought it would make cleaning easier for people with mobility challenges just like him.

History of the Founders

This is where Trevor and John’s paths crossed. The two men quickly realized that they had similar goals and decided to create a VaBroom together. An idea that the Enhance Innovations team already had in mind for a while.

The main purpose of such an invention was to make cleaning much faster, and easier for everyone. The thought process behind the design was to make a product that would save time and effort while still being affordable.

In April 2019, the duo decided to run a Kickstarter campaign to fund their product. Neither of them has ever crowdfunded anything, so it was a whole new experience for them. The campaign was a huge success and they were able to raise more than $74K in funds!

However this wasn’t enough to put their invention into mass production, so he decided to seek additional funds from another crowdfunding website called IndieGoGo. With the help of IndieGoGo they managed to raise an additional $70K, which finally allowed them to set their plans into motion.

After gaining enough funds, they began to mass produce their products. The manufacturing process initially took place in China.

Unfortunately, in 2020 another challenge appeared. The COVID-19 pandemic has put a lot of pressure on the economy, which means that a lot of small businesses have had to close their doors.

While Trevor and John managed to maintain their business, their plans for VaBroom have been put on hold since the whole manufacturing process has been delayed. Still, they continued to update their backers and keep them in the loop about what was going on.

After they managed to get back on their feet in October 2020, Trevor and John finally decided to launch their product. The very first batch of VaBroom’s has been sent out to their Kickstarter backers, while the others who were interested in the product could buy it from Amazon or the official Vabroom website.

They originally intended to sell their product for $79.99, but they eventually decided to lower the price to $59.99 in order to make it more affordable for their target market.

Still, both Trevor and John wanted more exposure for VaBroom, so they decided to appear on Shark Tank. [1], [2], [3]

History of the Founders

VaBroom at Shark Tank

Trevor and John enter the Shark Tank looking for $350,000 in funding for 2.5% of their company. They began by showcasing their product with the help of Kevin O’Leary, who was more than happy to test it out. After a brief demonstration, the rest of the Sharks were given their own VaBroom to try out. Overall they seemed to like how it operates.

Trevor and John then told them their own stories and how they came up with the idea for VaBroom. Then, they jumped right to the sales they’ve made so far. In just a year, they managed to sell $3.1 millions worth of product and are expecting to reach the $5 million mark next year.

The Sharks were impressed by the sales Trevor and John have made in such a short amount of time. But, they were also quick to point out the price point of the product being high.

Mark Cuban brought up that the equity they’re asking for is too low. However he decided against investing mainly because he didn’t like some design decisions that were made in this product. He was the first shark to drop out.

The guest shark, Peter Jones, agreed with Mark on the design aspects. But he also thought that a device like this is simply unnecessary since people can just use a regular broom and a vacuum cleaner. And thus he is out as well.

Daymond John too thought that the equity was way too low. He suggests that the duo is simply too greedy for seeking a deal with only 2.5% of equity. He even questioned that maybe they just came to Shark Tank for exposure and not for a real deal.

Trevor and John then moved on to Lori Greiner, who had some pretty good things to say about their product. However she then started asking about the patents they have for their product. Trevor and John revealed that they already have an international patent although their US one is still pending.

This made Lori a bit hesitant to invest, and she asks about what makes the VaBroom different from the similar hybrid cleaners. In the end, Lori decides that the product will have a hard time in such a competitive market and so she too drops out.

The final Shark, Kevin O’Leary, really liked the product. He was quick to point out that he is indeed willing to invest in VaBroom but he needs to be incentivized first. He then offers $350,000 for a 2.5% stake in the design firm on conditions of $3 royalty per unit until Kevin would recoup $700,000.

VaBroom at Shark Tank

Trevor and John thought about it for a bit, but in the end they decided to counter-offer with $700,000 at 5% equity. Kevin O’Leary continued to stay his ground and in the end, Trevor and John went with Mr. Wonderful’s offer and left the Shark Tank with a deal. [4], [5], [6]

VaBroom After Shark Tank

After their appearance on Shark Tank, Trevor and John managed to get plenty of exposure. Their product was featured on many popular news outlets and blogs. This helped increase their sales significantly. This is what they call an infamous Shark Tank Effect.

It’s unclear how many units exactly Enhance Innovations have sold since their time on Shark Tank. However, it’s safe to say that they got a boost and they’re still going strong even though it’s been a year since their episode aired.

The duo has also managed to keep the same price point for their product. You can currently buy a VaBroom on both the official website and Amazon for $59.99 with a one year warranty for the product. In addition, if you order two units of VaBroom, you get free shipping anywhere in the United States.

When it comes to the reviews, well they are quite mixed. The product currently holds a rating of three and a half stars on Amazon with over 800 customer reviews. Some people really love their VaBroom and claim that it’s one of the most useful purchases they’ve ever made. On the other hand, there are also those who didn’t have such a great experience with it.

But VaBroom isn’t sold in online shops only! You can actually find this product in some retail stores as well. Trevor and John managed to get their product to the selected Lowes, Target and Walmart stores.

They still keep their social media up to date, which indicates that they’re still actively selling their product. Trevor and John seem to be very happy with the results of their Shark Tank episode. It definitely helped them take their business to a whole new level. [1], [4], [5], [7]

VaBroom Net Worth

It’s hard to estimate the exact VaBroom net worth at this point. However, according to some sources we think it’s safe to say that it was estimated to be around $5 millions in 2021.

The company has definitely grown significantly since their time on Shark Tank. And with Kevin O’Leary as an investor, they have access to plenty of resources and connections that can help them take their business even further. [5]

VaBroom Competitors

The VaBroom is not the only product of its kind on the market. In fact, there are many other similar products that serve the same purpose.

VaBroom Competitors

Take Dustbuster for example, it’s a very popular cordless vacuum cleaner that can also be used as a broom. It doesn’t have the same design as the VaBroom, but it’s still a very effective product.

It’s also hard to predict how many people would prefer this device over a regular broom. After all, it’s not a necessity and some people might not want to spend the extra money on it. VaBroom comes at $59.99 while a regular broom costs no higher than $20. So, it’s definitely not the most affordable option out there.

These are just some of the many competitors that the VaBroom has to face. And considering how competitive the market is, it’s not going to be easy for them to stay on top. Only time will tell how successful the VaBroom will be in the long run. But one thing is for sure, they definitely made an impression on Shark Tank and they’re not going anywhere anytime soon.

FAQ

Was VaBroom successful?

It’s been a year since the airing of VaBroom on Shark Tank, and it seems like they’re doing just fine. The company managed to increase their sales significantly after being featured in an episode that had millions of viewers! You can purchase this product either from the official website or Amazon–although there are mixed reviews about its quality.

Did VaBroom get a deal on Shark Tank?

Yes, the duo got a deal from Mr. Wonderful, Kevin O’Leary. He offered them $350,000 for a royalty of $3 per unit until the company will pay off $700,000 as well as a 2.5% stake in the design firm.

Who invented VaBroom?

VaBroom was invented by Joseph Caswell, a Vice President of Enhance Product Development. The ones who pitched the product to the sharks however, were Trevor Lambert and John Vadnais. Trevor is a CEO of Enhance Product Development and John Vadnais is a plumber in a 4th generation with some education in entrepreneurship, who decided to invest in VaBroom.

Useful Video: Messy!? | VaBroom on Shark Tank

Conclusion

It’s been a few months since Trevor and John appeared on Shark Tank, and their business is still going strong. Not only did they manage to get a deal with Kevin O’Leary, but they also got a lot of exposure which helped them boost their sales significantly.

It will be interesting to see how things pan out for VaBroom in the future. Will they be able to make a name for themselves in such a competitive market? Only time will tell. But one thing is certain, these guys have definitely managed to create quite a buzz around their product. All in all, it seems like Trevor and John have made a great decision by appearing on the show.

References:

  1. https://allsharktankproducts.com/shark-tank-products-home/vabroom-broom-with-built-in-vacuum/
  2. https://meaww.com/vabroom-shark-tank-ultimate-house-cleaning-tool-cost-where-buy-who-founders-broom-vacuum-558703
  3. https://thecinemaholic.com/vabroom-shark-tank-update-where-is-vabroom-now/
  4. https://www.sharktankrecap.com/vabroom-update-shark-tank-season-13/
  5. https://insidergrowth.com/vabroom-net-worth/
  6. https://www.sharktankblog.com/business/vabroom/
  7. https://vabroom.com/