OverEZ Chicken Coop is a company that makes and sells ready-made and ready-to-assemble backyard chicken coop kits. The company designs these coops kits to be very simple to assemble and use, and to last long.
OverEZ Chicken Coop helps facilitate backyard chicken keeping by creating and selling a modular chicken coop design that is easy to put together and keep chickens in. The chicken coop kits come in a variety of sizes and offer a secure backyard chicken operation.
OverEZ Chicken Coop Net Worth
The net worth of OverEZ Chicken Coop is estimated to be between $5 million and $10 million.
OverEZ Chicken Coop’s Owner
The owner of OverEZ Chicken Coop is Chet Beiler. He is an entrepreneur and is not exactly the founder of the company. He bought the company in 2020 during the COVID-19 pandemic as a part of his growth strategy. After two years, it turned out that his strategy of buying OverEZ Chicken Coop was a success.
When Chet Beiler was a teenager, he lost everything valuable in a fire. This greatly delayed his education. However, he later got a scholarship so that he could pursue higher education at Pepperdine University. Meanwhile, he was also taking good care of his three brothers and four sisters.
After graduating from Pepperdine University with a degree in business, economics, and international studies, Chet Beiler founded the Amish County Gazebos. He ran this company for more than thirty-three years with his brother, before turning his main focus to OverEZ Chicken Coop.
OverEZ Chicken Coop Before Shark Tank
Chet Beiler, after buying and scaling the company, could hardly keep up with the demands for the products of OverEZ Chicken Coop. Sales in 2020 were worth $6.8 million and he expected plenty more in the coming years.
OverEZ Chicken Coop then had factories in Pennsylvania, Colorado, and Georgia, and Chet Beiler wanted to expand to Europe. The large coop kit was priced at $1899, the medium coop kit at $1499, and the small coop kit at $1099. Profit margins were estimated to be 36%.
OverEZ Chicken Coop During Shark Tank
Chet Beiler entered Shark Tank seeking a whopping $1 million in exchange for just a 4% stake in his company. In his pitch, he explained how the company is growing and that he needed money for an inventory.
Lori Greiner pulled out as she did not understand why Chet Beiler had to go to Europe to market his products. Robert Herjavec thought that it would take Chet Beiler too long to figure out the business so he pulled out.
Kevin O’Leary was impressed with the revenue made in sales and offered $1 million in debt at 11.5% for 4% equity. Daymond also offered $1 million in exchange for a 25% stake in the company.
Chet Beiler, on the other hand, wanted a deal with Robert Herjavec, who was not interested whatsoever in the company. Daymond John stated that Chet was too distracted and pulled out. When Chet accepted the deal with Kevin O’Leary but still continued to try to get a deal with Robert Herjavec, Kevin pulled out and Chet left without any deal.
What Happened to OverEZ Chicken Coop After Shark Tank?
After leaving Shark Tank with no deal, the company still grew and had around $19 million worth of sales in 2019. OverEZ Chicken Coop now has added numerous new products: it is selling sheds, chicken runs, and other coop accessories on its online website.