VaBroom Net Worth – What happened after Shark Tank?

What is VaBroom?

VaBroom – the ultimate smart broom.

With the combination of both a broom and vacuum, VaBroom is not your ordinary cleaning gadget!

This wonder broom uses vacuum-like suction technology to clean floors. Incorporated into it is a strong vacuum that sucks debris and dirt without the need of a dustpan!

What is VaBroom’s Net Worth?

Company Name

VaBroom

Owners

Trevor Lambert and John Vadnais

Shark

Kevin O’Leary

Equity

$3 royalty

Investment

$350,000

Location

Minneapolis, Minnesota

Net worth

±$5 million

Who is The Owner of VaBroom?

Trevor Lambert and John Vadnais are the owners of Vabroom.

Trevor Lambert has gained his entrepreneurship experience from managing his own company, Enhance Innovations. He has many products under the company’s name, Vabroom being one of them!

Additionally, John Vadnais has a his Masters degree in Business Administration and Entrepreneurship and Entrepreneurial Studies. He also has companies of his own and VaBroom helped veer him into the spotlight.

Trevor was shocked and confused at some of the products companies were selling, with their lack of innovative and efficiency. It was then he got the idea to take common everyday products and gadgets and make them easy to use and effective. And so, VaBroom was born!

Why is VaBroom so Popular?

Lightweight, Smart and Cordless!

Aside from the easy assembly and elimination of dustpans, there are no cables or wires getting in the way of your cleaning. T

The device is rechargeable holding lithium batteries, and it is easy to manage! It is a brilliant 2-in-1 smart broom that makes dirty work even more bearable.

Shark Tank Appearance – Did It Go Through?

Trevor and John entered the Tank seeking for an investment of $350,000 for 2.5% equity. However, they ended up getting a deal they weren’t expecting.

Many of the sharks were skeptical but lucky for them, Kevin was interested in their product claiming he buys a new broom for Barbara every year and likes this one.

Kevin offered them a deal if he is being incentivized. O’Leary offered them $350,000 with a $3 royalty until he can recoup $700,000 plus 2.5% of the design firm. After discussion they accept the deal and leave the Tank feeling fulfilled!

Where is VaBroom Company Today?

After appearing on Shark Tank and running a few successful campaigns to launch their product, VaBroom has taken off and is doing well.

The product can be found online and in store, with a one-year warranty too!

Conclusion

With its ability to make cleaning quick, easy and fun this smart broom is every tenant / house owner’s dream gadget!