VaBroom Shark Tank Update (Season 13)

The VaBroom is an innovative broom integrated with a vacuum, developed by Enhance Innovations Company, which was launched in 2010. This product resembles a traditional broom but functions as both a broom and a vacuum, efficiently sucking up dust collected while sweeping.

Equipped with a rechargeable lithium battery, the VaBroom is completely cordless and lightweight. To use this product, simply follow three easy steps: Sweep, Suck, and See-Ya. Priced at $59.99, it is available on Amazon.

 Another Shark Tank Pitch

• Black Sands

Who Is The Founder Of VaBroom?

VaBroom is a product of Enhance Innovations Company, founded by Trevor Lambert and John Vadnais. Enhance Innovations is a design services firm that specializes in creating a wide range of products.

Trevor Lambert
After completing his studies at The University of St. Thomas, Trevor launched a marketing and licensing company named Lambert Licensing.

John Vadnais
John earned his MBA from Bemidji State University. He currently serves as the President of Vadco Innovations and operates the business That’s Epic! dba Sauce Toss.

How Was The Shark Tank Pitch Of VaBroom?

Trevor Lambert and John Vadnais entered Shark Tank seeking $350,000 for 2.5% equity in their product, VaBroom. They demonstrated how the broom works by dropping snacks on the Shark Tank set.

Kevin O’Leary, who had previously used the product, found it impressive. The founders reported $3.1 million in sales in previous years and projected $5 million for 2021. They sell directly to consumers (D2C) online and have recently expanded into retail.

The landed cost of VaBroom is $17, with a wholesale price of $37 and a retail price of $59.99. Their estimated profit on $3.1 million in sales is $300,000. The company holds a pending international patent and a design patent.

John has personally invested $200,000 into the product, and the company is self-funded. Peter Jones expressed disbelief about the product’s market potential and opted out, while Daymond John stated he wasn’t feeling confident about it and also withdrew.

Kevin O’Leary offered $350,000 for a royalty of $3 per unit until he recouped $700,000, plus 2.5% equity in the design firm. Lori Greiner cited strong competition as her reason for not investing.

Trevor countered with a proposal of $700,000 for a royalty of $3 per unit until he recouped $700,000, plus 5% equity in the design firm. Ultimately, Kevin declined the counter, and the founders accepted his original offer.

Finalize: Kevin O’Leary invests $350K for a royalty of $3 per unit until $700K is paid + 2.5% of the design firm.

VaBroom Shark Tank Update

VaBroom successfully secured a deal on Shark Tank with Kevin O’Leary, who structured a royalty agreement for this innovative product. Known for its unique design and strong sales performance, VaBroom was projected to generate $5 million in sales for 2021.

Following the airing of the episode, VaBroom experienced a surge in sales, reaching thousands of dollars within weeks. Many users took to Twitter to share their thoughts, with some praising it as a fantastic product.

However, not all feedback was positive; TikTok user @maizimmy posted a video expressing regret over her purchase, stating that the VaBroom broke within six months of use.

While Kevin O’Leary invested in VaBroom, establishing a royalty deal, there has yet to be conclusive evidence regarding the success of the partnership as of January 2023. Overall, limited information has emerged about the business following the show.

We will continue to follow Trevor Lambert and John Vadnais, along with their company, for further updates.

What Is VaBroom Net Worth?

VaBroom was valued at $14 million, with Kevin O’Leary acquiring 2.5% equity in the design firm. This innovative product has successfully created a new category that combines the functions of a broom and a vacuum. However, in recent times, similar products, such as Yosoo, have entered the market at a lower price point.

Yes, VaBroom is still in business as of April 2024.