VaBroom Net Worth In 2022

VaBroom has been described as the ultimate smart broom. With the world advancing due to technological innovations, the sweeping department has not been left behind. VaBroom is not your ordinary cleaning gadget since it comes with a combination of both a broom and a vacuum.

Vabroom net worth

The new wonder broom uses vacuum-like suction technology to clean floors. Integrated into it is a strong vacuum that sucks all types of debris and dirt without having to use a dustpan. With such a form of technology, sweeping at home has been made a lot easier and affordable.

John Vadnais and Trevor Lambert are the owners of VaBroom. Lambert has gained a lot of his entrepreneurship experience from managing his firm called Enhance Innovations. Notably, he has lots of products under the firm’s name, with VaBroom being one of them.

On the other hand, John Vadnais has a Master’s degree in Business Administration and Entrepreneurship and Entrepreneurial Studies. Also, he has firms of his own and VaBroom enabled him to veer into the spotlight.

Trevor was quite shocked and confused at some of the products that various firms were selling, with their lack of innovative efficiency. It was at that point that he got the idea to take common daily products and gadgets and make them quite easy to use and effective. And so, VaBroom was born.

VaBroom has grown in popularity since it is lightweight, smart, and cordless. Apart from the easy assembly and elimination of dustpans, no cables or wires are getting in the way of your cleaning. This device is rechargeable and holds lithium batteries, which makes it quite easy to manage. Interestingly, it is a brilliant 2-in-1 smart broom that makes dirty work even more bearable.

Appearance On Shark Tank

John and Trevor came to the Tank looking for an investment of $350,000 in exchange for 2.5% equity. Nonetheless, they ended up getting a deal that they were not expecting. Most of the sharks were skeptical but lucky for them, Kevin was interested in their product alleging that he purchases a new broom for Barbara every year and likes this one.

Kevin O’Leary offered them a deal if they promised that they would incentivize him. O’Leary offered them $350,000 with a $3 royalty until he managed to recoup $700,000 and 2.5% of the design firm. After discussion, they accepted the deal and left the Tank feeling fulfilled.

As of May 2022, the company is estimated to have a net worth of $5 million.

Where Is VaBroom Today?

After appearing on Shark Tank and running several successful campaigns to launch their product, VaBroom has taken off and is doing quite well. The product can be found online and in-store, with a one-year warranty as well.

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

Leave a Reply

Your email address will not be published.