Cleaning is an essential task that we all have to tackle regularly, but it doesn’t have to be a tedious chore. Thanks to innovative inventions like VaBroom, cleaning can now be quick, easy, and even enjoyable. Read this blog and know each and everything about VabBroom including VaBroom’s net worth.
VaBroom is a revolutionary combination of a vacuum cleaner and a broom, designed to make cleaning floors a breeze.
VaBroom’s Net Worth in 2023 skyrocketed after its appearance on Shark Tank, where it captured the attention of both the investors and the audience.
Vabroom In Detail
VaBroom is a smart cleaning tool designed by Joseph Caswell. Imagine combining the power of a vacuum cleaner with the simplicity of a broom – that’s what VaBroom does.
It sucks up dirt and debris directly into its built-in dustbin, meaning you don’t need a separate dustpan anymore.
The invention of VaBroom revolutionized the way people clean their floors by seamlessly integrating vacuum-like suction technology into a traditional broom design.
Vabroom Wiki Table
| Company | VaBroom |
| Owner | John Vadnais and Trevor Lambert |
| Location | Minneapolis, Minnesota |
| Net Worth | Estimated $10 million( As of 2023 ) |
| Price Per Unit Of VaBroom | $79.99 on its official website |
| Official Website | vabroom.com |
| Contact | Email: [email protected] |
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Why VaBroom is popular?
VaBroom’s popularity can be attributed to its unique features and benefits.
- VaBroom incorporates vacuum-like suction technology
- It effortlessly removes debris and dirt from floors, streamlining the cleaning process
- Cleaning floors with VaBroom is quick and hassle-free, saving users time and effort.
- It is lightweight and cordless
- Its user-friendly design ensures easy maneuverability, allowing users to reach even the most challenging corners and spaces.
What does VaBroom include?
It Includes:
- Rechargeable Lithium Powerpack
- High-Speed Charging Cable
- 3-Piece Locking (No Wiggle) Handle
- Warranty
Founders of VaBroom
Trevor Lambert and John Vadnais are the masterminds behind VaBroom. Trevor, an entrepreneur from Champlin, Minnesota, had always been passionate about inventing and creating new products.
In 2010, he founded a design firm called Enhance Innovations, which became the home for his innovative creations. It was through Enhance Innovations that Trevor met John Vadnais, who had an MBA from Bemidji State University and owned Vadco Innovations.
Together, Trevor and John saw the potential in VaBroom and decided to bring it to the market.
Invention of VaBroom
The original inventor of VaBroom was Joseph Caswell. After finalizing the design of the vacuum and broom hybrid, Joseph approached Trevor and John to secure a licensing deal with Enhance Innovations.
Appreciating Joseph’s ingenious invention, Trevor and John collaborated with Caswell, forming a partnership that also included five undisclosed individuals whose names remain confidential.
To materialize VaBroom, John injected $200,000 into the venture. Yet, the team recognized the need for additional funds to commence large-scale production. They embraced crowdfunding, initiating a thriving Kickstarter initiative that amassed a substantial $74,000.
With these funds, VaBroom became well-prepared for its market debut.
The product made its debut in 2020, and by 2021, the company had accumulated $3.1 million in sales.
VaBroom’s Success on Shark Tank
Despite already achieving significant success, the founders of VaBroom knew they needed additional capital to fund inventory and take their business to the next level. They decided to pitch their product on Season 13 (Episode 11 of Shark Tank on Jan 14, 2022, seeking an investment of $350,000 for 2.5% equity.
During their pitch, Trevor and John demonstrated the power of VaBroom by creating a mess and effortlessly cleaning it up with their innovative invention. The Sharks were impressed when they revealed that VaBroom had generated $3.1 million in revenue over the past 12 months, with a net profit of $300,000.
Kevin O’Leary also known as Mr. Wonderful, saw immense potential in VaBroom and made an offer. He proposed investing $350,000 for 2.5% equity in the design firm, along with a $3 royalty per unit until he recouped $700,000.
After some negotiation, Trevor and John accepted Kevin’s offer, and the deal was finalized.
VaBroom’s Rise to Prominence
After their appearance on Shark Tank, Trevor and John experienced a surge in media attention. Their innovative cleaning tool was featured on various websites, including Digital Trends, TikTok, and the Daily Mail. This increased exposure resulted in a significant boost in sales for VaBroom.
Today, VaBroom is available for purchase on its official website, as well as popular online retailers like Amazon, Walmart, Lowe’s, Bed Bath & Beyond, and Rona.
VaBroom Net Worth 2023
As of 2023, VaBroom is estimated to be worth an impressive $10 million. This valuation reflects the company’s exceptional growth and success since its inception.
With its innovative design and efficient cleaning capabilities, VaBroom has earned a solid reputation among customers. On Amazon, it has garnered a 3.5-star rating from more than 1,200 reviews, further cementing its position as a reliable and effective cleaning solution.
VaBroom’s Future
Although VaBroom has achieved remarkable success, its journey is far from over. As of now, VaBroom has not closed the deal with Kevin O’Leary, and his website does not feature the product among his other Shark Tank investments.
This situation could stem from the royalty aspect of the deal, potentially requiring substantial capital necessary for inventory.
Nevertheless, VaBroom, with its remarkable net worth and expanding customer base, stands poised for a promising and prosperous future
Conclusion
VaBroom has revolutionized the way we clean our floors, combining the power of a vacuum cleaner with the convenience of a broom.
Trevor Lambert and John Vadnais, the founders of VaBroom, have successfully brought their innovative invention to market, securing a deal with Kevin O’Leary on Shark Tank.
VaBroom has gained a strong foothold in the cleaning industry and is valued at an estimated $10 million, thanks to its exceptional performance.
FAQ’s
Q.1 Who is the owner of VaBroom?
Trevor Lambert and John Vadnais are the owners of VaBroom.
Q.2 When was VaBroom launched in the market?
It was launched in 2020.
Q.3 What is VaBroom net worth in 2023?
As of 2023, the estimated net worth of VaBroom is $10 million.
Q.4 What is the price per unit of VaBroom?
It is $79.99 on the VaBroom official website.
