What Happened to Graffiti Removal Service After Shark Tank Pitch?
What is Graffiti Removal Service?
Is a biodegradable, non-toxic graffiti remover. Paul Watts witnessed the civic pride of his fellow volunteers as they erased graffiti from local buildings and poles.
Who Founded Graffiti Removal Service?
Graffiti Removal Service was founded by Paul Watts.
He was inspired to start a mobile franchise that would provide towns and municipalities with a simple, cost-effective approach to deal with graffiti.
His Graffiti Removal Services mobile company concept would include a truck and just one manufacturer’s environmentally friendly products.
He felt that with his recently acquired franchise license, he could sell the option to establish their own Graffiti Removal Services to other businesses.
His confidence was predicated on his personal experiences as a city of Sacramento maintenance worker, as well as his belief in the biodegradable, environmentally friendly items he wanted to sell to his franchisees.
What Happened to Graffiti Removal Service at the Shark Tank Pitch?
Paul Watts approaches the Sharks with a bold proposal. He’s asking $350,000 for a 15% stake in Graffiti Removal Services. This equates to a $2.3 million valuation.
He puts the things to use by wiping graffiti off street signs.
Robert Herjavec interrupts the demonstration to enquire about the mechanics of the franchise model, including whether Watts manufactured the things.
Watts disputes this, but claims that the things can only be obtained directly from the manufacturer and that no one else is “knowing of it yet.”
Kevin O’Leary gets right to work, asking, “How am I going to make money if I give you $350,000?”
“Except for royalties and franchise fees,” Watts clarifies.
While he has not yet sold any franchises, he observes that his company-owned firm makes $230,000 in yearly sales and a net profit of $75,000 every year.
Herjavec questions the company’s worth, telling Watts that he has set his objectives much too high, despite the fact that he has yet to sell a single franchise.
Barbara Corcoran announces her departure, expressing her doubt that a franchisee could persuade local governments to hire their services.
Kevin Harrington is uncertain that the franchise model would work for this company since there is no clearly defined service on which a franchisee can rely. He’s already gone.
Daymond John reiterates, noting that he is also out since nothing in the package is truly unique, even the chemicals.
Robert Herjavec responds. He will make the $350,000 investment, but he will control 75% of the company, thereby making Watts his own employee.
Kevin O’Leary steps in, offering to work with Robert on the purchase. Watts refuses the offer after many awkward minutes.
O’Leary becomes outraged when Watts refuses to complete the transaction, despite his repeated protestations that he is unconcerned about money.
“If you leave, I’ll forget about you,” he says to Watts, who responds, “No, you won’t.” Every time you see graffiti, you’ll think to yourself, “I should have invested in that business.”
He walks away from the stage without a contract.
What Happened to Graffiti Removal Service After Shark Tank Pitch?
Watt’s daring refusal to accept the Sharks’ offer was a calculated risk that paid off in the end.
Watts has relocated to Portland, Oregon, where he works as a US Agent for the Urban Restoration Group.
In 2015, he introduced his Graffiti Removal Bike, which can be seen on the city’s Eastbank Esplanade and Springwater Trail, among other renowned graffiti areas.
“Because of the tight movements involved, getting a vehicle in there may be challenging,” Watts says.
His three-wheeled bike fits neatly and can carry his paint and power washers. Graffiti costs vary depending on its size and location.
Watts, who has been in business for 21 years, will continue to tackle “urban degradation” with his successful Graffiti Removal Services in 2021.
What is the Net Worth of Graffiti Removal Service?
Paul Watts approached the Sharks with a bold proposal. He is looking for $350,000 for a 15% stake in Graffiti Removal Services. This equates to a $2.3 million valuation.
Who are the Competitors of Graffiti Removal Service?
There is no new information regarding the competitors.
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Graffiti Removal Service FAQS
Where are Graffiti Removal Service’s headquarters?
Graffiti Removal Service’s headquarters are situated at SE Ankeny St, Portland, Oregon, USA.
What is Graffiti Removal Service’s phone number?
Graffiti Removal Service may be reached at (503) 231-1414.
What is Graffiti Removal Service’s official website?
Graffiti Removal Service’s official website is www.removegraffiti.net
What should they do before they remove graffiti?
Before commencing the graffiti cleaning process, make sure the surface is clean and dry. Begin at the surface and work your way down, capturing any liquid that comes your way.
How does graffiti removal work?
Baking soda or dry ice blasting is an environmentally friendly method of graffiti eradication.
This method employs abrasive particles to safely remove paint while causing no harm to the surrounding surfaces. Blasting can be done on concrete, brick, stone, wood, and glass.
What happen to Graffiti Removal Services at the shark Tank?
The creator of Graffiti Removal Service approached Shark Tank with a $350,000 offer for a 15% share in the company.
The sharks proposed a 75 percent equity stake in exchange for their participation, which was, understandably, refused.
Graffiti Removal Products is now Graffiti Removal Service.
What was the weaknesses of Graffiti Removal Service’s?
Graffiti Removal Service’s business model is that a partner, who may be a client or a franchisee, will opt to employ them to remove graffiti from his property.
It is unclear whether any of the companies in this region directly hire graffiti “removers.”
Why was Graffiti Removal Service’s pitch rejected?
Graffiti Removal Service was rejected by Shark Tank due to its excessive price.
How was Graffiti Removal Service’s doing after Shark Tank?
Watts, after 21 years in business, is still fighting “urban degradation” with his successful Graffiti Removal Services in 2021.
How did Graffiti Removal Service get its name?
Graffix Ink was the company’s initial name. Paul Watts, the company’s creator, renamed it Graffiti Removal Services to make it more appealing to clients and franchisees.
What is Graffiti Removal Service?
Graffiti Removal Business is a mobile business in Portland, Oregon that removes graffiti off building surfaces quickly and safely.
The company exclusively uses products that comply with or exceed all applicable EPA and VOC regulations.
Who Is The Graffiti Removal Service’s Founder?
Graffiti Removal Services was founded by Paul Watts, a former city worker in Sacramento, California. He has created a non-toxic, biodegradable graffiti eradication solution.
Yes, it has a sizable following on Facebook and Twitter.
Is graffiti removal profitable?
Profitability is mostly determined by the place in which they live and the frequency with which they acquire contracts.
As a result, with enough clients and effort, this might be a very rewarding job.
Is Graffiti Removal Service’s a good investment?
Graffiti Removal Services is an excellent investment because the company’s major emphasis is to provide environmentally friendly spray for graffiti removal.
This increases its worth since it will be utilized by a large number of individuals, resulting in profit.
