He believes Panell wants to run the business himself. Harrington says he has licensing contacts as well, but he also has television contacts. Before Harrington can make an offer, O’Leary ups his offer. He explains that licensing represents about 30-40% of the income Panell can make with direct sales, which is his area of expertise. He’s willing to give Panell $40,000 for a 20% stake. He’s interested in licensing the product. Panell envisions selling his product in retail spaces. He believes that the product alone could become a $100 million business. Kevin Harrington disagrees with the idea. Panell wants to do both – license the Sweep Easy and sell licensing for the product. He was a stay-at-home dad for three years. Herjavec and Kevin O’Leary want to talk about licensing the product to existing broom manufacturers. Robert Herjavec wants to try the product. He demonstrates the extendable scraper, removing cereal, yogurt, and other materials off sample pieces of floor. Panell comes into the Shark Tank seeking $40,000, in return for a 25% equity stake. Will the Sharks be impressed with Panell’s product? Will he sink to the bottom of the Shark Tank, or make a clean sweep with his new twist on an old broom? Sweep Easy Shark Tank Recap All claim they would purchase the product, but as yet, he has no purchase orders.
#SHANE PANNELL SWEEP EASY MOVIE#
Working in his garage, he’s come up with a prototype and approached schools, movie theaters, and other markets. He invented the Sweep Easy to alleviate the need to bend down to scrub and scrape messes before they can be swept up.
His experience raising three children has led him to believe that there must be an easier way for dealing with the crusty, sticky, stuck-on messes that come with raising small children.
Shane Panell, a stay-at-home Dad from Arizona, comes to the Shark Tank in episode 205 with his product, the Sweep Easy.
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