OverEZ Chicken Coops Shark Tank Update (Season 13)

OverEZ Chicken Coops offers high-quality, long-lasting, affordable, and easy-to-assemble chicken coop kits. The company emphasizes its commitment to providing quality chicken coops at accessible prices.

Constructed primarily from wood, these coops are designed with optimal ventilation and conditions for chickens. They come in various sizes and capacities, with prices ranging from $1,299 to $4,199.

The chicken coop kits are available at over 1,000 stores across the United States, including Agway of Southington, Amish Structures, and Amazon. In addition to coops, they also sell coop accessories, hunting blinds, chicken runs, and traps.

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Who Is The Founder Of OverEZ Chicken Coops?

Chet Beiler is the owner and CEO of OverEZ Chicken Coops, having acquired the company in 2020. He is also a seasoned entrepreneur, serving as the CEO of Amish Country Gazebos since 1989.

Beiler holds degrees in Political Science, Economics, Business, and International Studies from Pepperdine University.

How Was The Shark Tank Pitch Of OverEZ Chicken Coops?

During his Shark Tank pitch, Chet Beiler introduced himself while bringing a chicken along. He highlighted America’s growing interest in backyard chickens and the demand for fresh organic eggs, which inspired him to create OverEZ Chicken Coops.

Beiler explained that the chicken coop can be assembled in just 30 minutes with a screw gun. He requested $1 million for 4% equity, prompting an astonished response from the sharks: “Whoa!”

He outlined his vision to become the category leader in backyard chicken coops in America and expressed interest in expanding into Europe with the help of a shark.

Mark Cuban asked, “How much have you sold?” Beiler revealed that total sales had reached $21 million, with $9 million in sales year-to-date as of mid-2021. Out of this $9 million, the profit stood at $1.35 million, with an EBITDA margin of 15% to 18%.

Due to the COVID-19 pandemic, the company faced challenges fulfilling million-dollar orders, resulting in $6.8 million in sales for the previous year (2020), with a net margin of 12%.

Beiler explained that he sought investment to resolve inventory issues and noted that he is the 100% owner of the company, having purchased it in June 2020 when he originally held 68%.

Revenue figures revealed significant growth: $2.2 million in 2019, $6.8 million in 2020, and an estimated $20 million for 2021.

The pricing for their chicken coops is as follows: the large coop costs $1,899, the medium costs $1,499, and the small costs $1,099, with an overall gross profit margin of 36%. To date, 700 units have been sold.

Lori Greiner commented on the product’s quality but deemed it insufficient as a differentiator, leading her to exit. Robert Herjavec stated he didn’t have time to learn the business and opted out as well.

Kevin O’Leary offered $1 million as a loan at 11.5% interest for a 4% stake. Daymond John expressed his disinterest in the valuation, proposing $1 million for 25% equity. Ultimately, Beiler leaned toward Robert’s offer, prompting Kevin to withdraw from the deal.

Finalize: OverEZ Chicken Coops didn’t get a deal on Shark Tank.

OverEZ Chicken Coops Shark Tank Update

OverEZ Chicken Coops did not secure a deal on Shark Tank, as Beiler opted not to accept Kevin’s debt offer. The episode was both entertaining and engaging.

While many companies faced declining sales during the COVID-19 pandemic, Beiler’s chicken coop business experienced significant growth. He mentioned that they would have achieved $10 million in revenue if not for inventory issues. For 2021, Beiler projected revenue of $20 million.

Opinions on the pitch varied, with some Reddit users finding it ridiculous.

However, the company had estimated sales of $19 million for 2021. From 2022 to 2023, their focus will shift to expanding within the United States and entering the European market.

We appreciated Beiler’s business pitch, which was both humorous and insightful. With 34 years of experience as a seasoned businessman, Beiler brought a wealth of knowledge to the presentation.

The company received the 2020 Retailers’ Choice Award from the North American Retail Hardware Association and has partnered with LP Building Solutions to ensure high-quality products and materials.

We will continue to follow Chet Beiler and his company for further updates.

What Is OverEZ Chicken Coops Net Worth?

OverEZ Chicken Coops is valued at $25 million. The company has been profitable since 2020, generating million-dollar profits each year.

Yes, OverEZ Chicken Coops is still in business as of April 2024.