OverEZ Chicken Coop Net Worth: Crafted For Success In Poultry Care
OverEZ Chicken Coop business sells premium chicken coops made for the best poultry care. The cages are made by Amish-trained carpenters in Georgia and Lancaster County, Pennsylvania, both in the United States.
The coops are designed to accommodate larger flocks than coops offered by many other manufacturers and are constructed with the finest quality in mind.
Customers can add options like an automatic door, an electrical heating package, wheels to transform the coop into a chicken tractor, a chicken run (with or without wheels), or panels to make them more personalized.
OverEZ Chicken Coops are simple to assemble and take less than 30 minutes to complete. Additionally, they are made simple to clean, and collecting eggs is a breeze. The coops’ precision craftsmanship and premium materials allow them to meet more excellent quality standards than custom-built coops.
The company provides a one-year manufacturer’s warranty against flaws on every product they produce.
OverEZ Chicken Coop Net Worth
Chet Beiler established the ready-to-assemble backyard chicken coop kit business OverEZ Chicken Coop. When the business was discussed on Shark Tank in November 2021, Beiler requested $1 million in exchange for 4% of the company, valuing it at $25 million.
The business had earned $21 million in total revenue and $9 million in annual revenue at the time of the shooting. Daymond John offered $1 million for 25% of the company’s ownership. Kevin O’Leary offered $1 million for 4%, with a three-year repayment period and an interest rate of 11.5%.
Compared to its pre-Shark Tank estimation of $25 million, OverEZ’s net worth is now assessed as USD 21 million.
With $21 million in total sales over its existence, OverEZ Chicken Coop generated a profit of $1.35 million for owner Beiler.
What Is An OverEZ Chicken Coop?
Amish-trained American craftsmen make OverEZ Chicken Coops. The long-lasting coops suit all fowl demands.
Small, medium, and large versions can hold 5, 10, or 15 chickens. Heavy-duty wood coops are excellent for hot and cold areas.
Due to their precise construction and high-quality materials, OverEZ Chicken Coops are better than custom-built coops. They have nesting boxes and flooring. Radiant barrier sheathing on the ceiling cools the cell in summer.
NRHA awarded OverEZ Chicken Coop the Retailers’ Choice Award in 2020.
Here is the tweet that OverEZ Chicken Coop shared on its Twitter account in Oct,19,2019:
Let your chicken be as ‘Free as a bird’, with Rugged Ranch Chicken Run. Our packages include all parts needed for assembly, plus an adapter to fit any of the OverEZ Chicken Coops. https://t.co/FdvR6Zv3to
— Over EZ Chicken Coop (@ezchickencoops) October 21, 2019
Chet Beiler founded OverEZ Chicken Coop. Amish Country Gazebos, his 33-year-old outdoor structures firm in Manheim, bought OverEZ Chicken Coop in 2020 to develop. Chet Beiler owns, partners, and starts businesses.
OverEZ Chicken Coop was inspired by the growing popularity of backyard hens in America, families’ desire for sustainable living and self-reliance, and their enjoyment of fresh organic eggs.
His 33-year-old Manheim-based company bought OverEZ Chicken Coop in 2020 to grow. He offered $1 million for 4% of OverEZ Chicken Coops and a live-feeding chicken coop on Shark Tank.
What Happened To OverEZ Chicken Coop At The Shark Tank Pitch?
Lancaster, Pennsylvania native Chet Beiler founded Over Easy Chicken Coops. He wants a $1 million partner for 4% of his company.
Chet says backyard hens are growing more popular in America as households seek self-sufficiency. Easy Chicken Coops sells modular, shippable coops.
The manufacturer has four sizes for 5–20 chickens. With a partner, Chet intends to expand to Europe, where backyard hens are even more popular than in the US.
Chet stresses that his company’s IP is secure and the cash register is ringing. He has sold $21 million and made $1.35 million.
Due to supply chain challenges and rising lumber prices, the company’s EBITDA is 15 instead of 18. Chet confesses that the corporation was unprepared for COVID-19 demand and lost millions of dollars.
They sold $6.8 million last year and expect $20 million this year. Chet says he needs an investor to buy more products to meet demand.
The Sharks inquire about Chet’s inventory financing. To finance point of sale and receivables, Chet had to get innovative.
In the second quarter, they repaid all their point-of-sale loans. They now have more opportunities, which takes more capital.
Sharks demand business basics. They ask Chet about coop prices, gross profit margins, and business capex. Chet says the large coop costs $18.99, the medium $14.99, and the little $10.99. Gross margins are 36%.
Lori wonders why Europeans would want his coops, but cheap imports are problematic.
Robert asks Chet about chicken lifespan, which is 5-10 years. Robert concludes that figuring out the business and quitting is too long.
Kevin offers $1 million in debt at 11.5% for 4% equity, but Mark is cash-constrained and withdraws.
Daymond offers $1 million for 25%, concerned about materials. Chet pleads with Robert and Daymond before accepting Mr Wonderful’s offer.
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Daymond complains about distraction as Kevin leaves, but Chet declares he’ll fly to Prague next week, confusing Daymond.
OverEZ Chicken Coop founder leaves stage unsigned.
What Happened To OverEZ Chicken Coop After The Shark Tank Pitch?
A business called OverEZ Chicken Coop offers kits for pre-built backyard chicken coops. Shark Tank episode 1314 featured Chet Beiler, the owner and CEO of OverEZ Chicken Coops, who gave a presentation on his company.
He requested $1 million for 4% of the business, but none of the Sharks invested. But in exchange for a 4% ownership, Kevin O’Leary provided a loan of $1 million at an interest rate of 11.5%.
OverEZ Chicken Coops has been prosperous despite not obtaining funding from the Sharks. The business ended 2021 with about $19 million in sales and has earned $21 million overall since being featured on Shark Tank.
Overez Chicken Coop Shark Tank Updates
The OverEZ Chicken Coop is a simple-to-assemble modular chicken coop. The business sells sheds, chicken coop accessories, and chicken runs. Amish-trained carpenters produce OverEZ Chicken Coops in Georgia and Lancaster County, Pennsylvania, in the USA.
Compared to custom-built coops, the coops are made of higher-grade materials and adhere to higher quality standards. The manufacturer touts their chicken coops’ durability, affordability, and simplicity.
In 2022, the founder of OverEZ Chicken Coop, Chet Beiler, requested $1 million for 4% ownership of Shark Tank. None of the sharks made an offer, even though the company had $21 million in lifetime revenue and $9 million in yearly revenue at the time of filming.
Nevertheless, as of January 2023, OverEZ Chicken Coops is still in operation.