What Happened to Wall Doctor Rx After the Shark Tank?
What is Wall Doctor Rx?
Wall Doctor Rx is a do-it-yourself solution for fixing drywall holes or cracks in just 60 seconds. It restores the wall’s strength and finish while supporting up to 50 lbs.
It’s only a matter of peeling, pressing, and rolling. Simply remove the protective covering from the patch and drywall compound, press the hard plastic patch over the hole, and then roll the drywall compound over it.
It may be sanded and painted after 24 to 48 hours. It’s a complete drywall repair kit packaged in a little box.
The Wall Doctor can repair holes up to 4″ in diameter that have been made by hammers, fists, wall outlets, and doorknobs.
It also rapidly heals tiny holes made by picture hangers, screws, and drills. Wall Doctor comes in four sizes ranging from 1 to 4 inches, making it easy to find the perfect fit.
Who is the Founder of Wall Doctor Rx?
Wall Rx was developed by Dr. Jim Lewis, a forensic pathologist.
After punching a small hole in his wall while hanging Christmas decorations, Lewis was inspired to invent Wall Rx.
He sought a more user-friendly way of fixing drywall cracks after getting a large repair bill.
Wall Rx drywall repair kits provide everything you need to patch tiny holes with diameters ranging from 1-4 inches. It’s a far more cost-effective option than employing a handyman, at less than ten bucks each kit.
What Happened to Wall Doctor Rx on Shark Tank Pitch?
Dr. Lewis pitched Wall RX on Shark Tank season 5 episode 13 in exchange for a $150,000 investment and a 10% share in the company. This equates to a $1.5 million valuation.
The doctor starts by showing the Sharks how much material is needed to repair a tiny hole in a drywall board.
He then demonstrates his much more concise and streamlined technique. He invites the Sharks to evaluate the system. Lori Greiner accepts his invitation, punching a hole in the wall and fixing it herself.
He is the product’s inventor on three patents.
Daymond John is considering a career in sales. In three years, he sold 80,000 pieces of the product for a total of $600,000 in sales.
Lori inquires about pricing, and Jim says that each product ranges in price from $4.99 to $6.99. He spends between $2 and $2.50 every piece to create.
In the following year, he expects to make between $.5 and $1 million (2015).
He wants to automate the production process so that he may grow into Lowe’s and other large retailers.
Robert Herjavec makes an offer. He will pay $150,000 and will not acquire any equity in the company, but he will demand the right to resale the items internationally.
Kevin answers with his own offer of $150,000 for 15%, with the proviso that he wants to license the technology and deliver it to a huge firm capable of worldwide distribution.
Jim would be able to continue working as a physician and earning a monthly pay as a result of this.
Daymond John responds with a $300,000 investment for a 15% share, following O’Leary’s approach of outsourcing manufacturing and licensing the product internationally.
Lori Greiner also makes a $300,000 bid for a 20% share, which she expects to sell on QVC and in other international markets.
After hearing all of the offers, Mark Cuban decides to go. Lori Greiner and Robert Herjavec are approached by Dr. Lewis with an offer.
After Greiner rejects, Dr. Lewis seeks to accept Herjavec’s offer. Robert confesses his aversion to becoming “your cousin at the wedding.” He is about to leave, but Dr. Lewis persuades him to stay and obtains a Shark contract for him.
What Happened to Wall Doctor Rx After the Shark Tank?
Despite Greiner’s denial, Wall RX is available on QVC. Greiner had to have had a taste of the stuff after watching Shark Tank.
Lowe’s bought it as well, converting Wall RX into one of the world’s top home improvement and repair retailers.
Spark Innovations, LLC bought the company a few years after it was featured on Shark Tank.
They renamed the company Wall Doctor. Previously, the firm bought Shark Tank brands. ScreenMend, Illumibowl, and FiberFix have also been bought.
What is the Net Worth of Wall Doctor Rx?
As of 2021, the firm’s net value exceeds $5 million.
Who are the Competitor of Wall Doctor Rx?
Wall Doctor Rx’s opponent is Greenbaum Home Furnishings Com.
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Wall Doctor Rx FAQS
How much does it cost to purchase Wall Doctor Rx?
Each product ranges in price from $4.99 to $6.99. He spends between $2 and $2.50 every piece to create.
Is it easy to install Wall Doctor Rx?
Yes, it’s only a matter of peeling, pressing, and rolling. Simply remove the protective covering from the patch and drywall compound, press the hard plastic patch over the hole, and then roll the drywall compound over it.
Does Wall Doctor Rx work for all sorts of holes?
It repairs hole sizes ranging from 1 to 4 inches. It may be sanded and painted later.
Who is the inventor of Wall Doctor Rx?
The device has been invented by Dr. Jim Lewis, a forensic pathologist.
How long does it take to repair holes with Wall Doctor?
Wall Doctor works like magic in 60 seconds or less, fixing holes as small as 1 inch up to 4 inches in diameter using drywall compound.
Where can they buy Wall Doctor Rx?
They can it buy on Amazon.
How much was Wall Doctor Rx seeking in the Tank?
Dr. Lewis sought a $150,000 investment and a 10% share in the company. This equates to a $1.5 million valuation.
How did Wall Doctor Rx get on a Shark Tank?
Robert made an investment of $150,000 for no equity but also receiving an international rights deal.
What happened to Wall Doctor Rx after the Shark Tank?
Despite Greiner’s denial, Wall RX is available on QVC. Greiner had to have had a taste of the stuff after watching Shark Tank.
Is Wall Doctor Rx still in business?
Yes, Spark Innovations, LLC bought the company a few years after it was featured on Shark Tank. They renamed the company Wall Doctor.
When was Wall Doctor Rx aired on Shark Tank?
It was featured on Season 5 episode 13, aired on January 10, 2014.
When was Wall Doctor Rx founded?
Wall Doctor Rx was founded in 2008.
