Graffiti Removal Services Shark Tank Net Worth

Graffiti Removal Services is a unique business venture pitched on Season 1, Episode 4 of Shark Tank by Paul Watts, a former city worker from Sacramento, California.

The business idea sprang from Watts’ experience in community service, where he realized the widespread problem of graffiti and its impact on neighborhoods and cities. Graffiti Removal Services was founded as an environmentally friendly solution.

The central offering of Graffiti Removal Services is a mobile franchise system designed to provide efficient and eco-friendly graffiti removal services to towns and municipalities. It consists of a truck and an assortment of biodegradable, non-toxic, and EPA-compliant products.

The company doesn’t use phosphates, chlorinated hydrocarbons, xylene, or other harmful chemicals, which sets it apart from other graffiti removal services. This focus on environmentally conscious solutions is significant as it addresses a common urban problem while minimizing its adverse environmental effects.

Furthermore, the company offers preventative solutions, such as anti-graffiti coatings, to areas prone to graffiti, reducing the recurrence of the problem. They also sell DIY kits and products for those interested in handling graffiti removal themselves.

Watts proposed franchising the Graffiti Removal Service and the actual graffiti removal service. His vision was to enable other entrepreneurs to start their Graffiti Removal Services using his recently acquired franchise license, creating an extensive network across the United States.

Graffiti Removal Services is valuable because it addresses a persistent urban issue, potentially improving property values and fostering community pride. Moreover, its eco-friendly approach appeals to the increasing demand for environmentally responsible services.

Although Paul Watts did not secure a deal on Shark Tank, his dedication to the business and its environmentally friendly model is admirable, and the company continues to operate successfully today.

Company Name	Graffiti Removal Service
Product	Franchises that provide graffiti removal services
Entrepreneur	Paul Watts
Website	Graffiti Removal Service Website
Episode	Episode 4, Season 1
Investment Seeking	$350,000 For 15% equity in Graffiti Removal Service
Final Deal	No Deal
Shark	No Shark
Business Status	In Business
Net Worth	$5 Million

What is Graffiti Removal Service?

Graffiti Removal Services is a business that focuses on providing specialized services for removing unwanted graffiti and other types of vandalism from buildings, bridges, and other public or private locations.

The founders of Graffiti Removal Services developed a unique, eco-friendly solution to effectively and safely remove graffiti from various surfaces without causing damage.

They also provided comprehensive training to their team to ensure top-notch services. Their inventive approach towards a common issue that cities face garnered much interest from the sharks and the audience alike.

Graffiti Removal Services from Shark Tank exemplifies the essence of creativity and entrepreneurship to provide comprehensive solutions to specific community problems.

Who Is The Founder Of Graffiti Removal Service?

Paul Watts is the founder of Graffiti Removal Services. Before founding his company, Paul worked for the city of Sacramento as a facility maintenance painter, which involved tasks like painting light poles.

While fulfilling his duties, Paul observed a persistent issue in the city – graffiti. He noticed that the unsightly graffiti diminished the cityscape’s beauty and lowered the real estate’s value.

Furthermore, graffiti was widespread in Sacramento and communities across the United States.

The sight of graffiti everywhere sparked an idea in Paul. He realized there was a large market for graffiti removal and decided to address this issue by starting his own business.

Paul understood that the presence of graffiti was a universal problem and saw it as an opportunity to create a service that would not only enhance the aesthetic appeal of communities but also offer him a chance to make some part-time money. 

Thus, Graffiti Removal Services was born, a mobile graffiti removal service based in Sacramento, California. Paul worked as a graffiti remover, with his dog Lexi often accompanying him.

His daily routine involved driving around the city, finding, and removing graffiti. Despite the rewarding work, Paul sought to grow his business beyond Sacramento and envisioned franchising it throughout the United States.

However, this ambitious plan required substantial funding, prompting Paul to seek an investment from the Sharks on the reality TV show Shark Tank.

Before appearing on Shark Tank, Paul Watts had already established a lucrative operation, earning revenue of $230,000 yearly from his company-owned location in Sacramento.

Despite the need for investment to franchise his business, Graffiti Removal Services was not in debt. Furthermore, Paul Watts developed a graffiti cleaning system that was efficient and used biodegradable, non-toxic, and non-damaging products.

He believed that his company offered a unique business model ready for franchising, making it a compelling investment opportunity for the Sharks. However, his journey to grow the business and make Graffiti Removal Services a household name across America was just beginning.

How Was The Shark Tank Pitch Of Graffiti Removal Service?

Graffiti Removal Services, a company founded by Paul Watts, was presented on Shark Tank’s Season 1 to expand its business model through franchising.

Paul Watts demonstrated how the service effectively removes graffiti from various surfaces, such as signs and structures. His business was based in Sacramento, California, and he had ambitions of transforming it into a nationwide franchise of mobile graffiti removal services.

In his pitch, Watts sought an investment of $350,000 in exchange for 15% equity in Graffiti Removal Services, valuing the company at over $2.25 million.

At the time of the pitch, the company was making a gross profit of approximately $230,000 and a net profit of around $75,000. This was the company’s sole revenue stream, which led to some concerns among the Sharks.

The Sharks had varied views on the proposal. Barbara Corcoran was the first to withdraw, citing doubts about the business model’s viability.

Kevin Harrington shared similar concerns and also decided to drop out. Daymond John did not consider the company a worthwhile investment, leading him to pull out of the deal.

The remaining Sharks, Robert Herjavec and Kevin O’Leary offered Paul Watts $350,000 but asked for a substantial 75% equity in return. This meant that Paul would lose the majority control of his company, a condition he was unwilling to accept.

Consequently, Paul declined the offer, leaving the Shark Tank without securing an investment deal. Despite leaving without a deal, Graffiti Removal Services has continued to grow and thrive after its appearance on Shark Tank.

According to Paul Watts, the company has expanded significantly, with annual revenue rising from $275,000 to just under $4 million. Although the Shark Tank appearance did not generate direct revenue, it did contribute to the business’s overall visibility and growth.

Final Deal: No deal between Graffiti Removal Service and Sharks.

What Happened To Graffiti Removal Service After Shark Tank?

After appearing on Shark Tank, led by Paul Watts, Graffiti Removal Services saw substantial growth, contrary to what one might expect considering the lack of a deal with the Sharks.

Paul Watts stated in a subsequent interview that the business had grown every year since its appearance on the show, suggesting a positive trajectory. He attributed this growth to hard work, persistence, a dedicated team, and strategic business decisions.

The company moved from Sacramento, California, to Portland, Oregon, based on a greater prevalence of graffiti in the latter location. This move benefited the company, allowing them to capitalize on a more demanding market.

Financially, Graffiti Removal Services has seen a significant increase in revenue since the Shark Tank appearance. The company’s annual revenue has risen from approximately $275,000 at the time of the show to just under $4 million, according to Watts.

While the Shark Tank appearance may not have generated immediate new revenue or direct investment, the exposure and subsequent strategic business moves have allowed Graffiti Removal Services to thrive and expand.

Graffiti Removal Services is still operational and provides graffiti removal services, and those interested in learning more about the business or availing of its services can visit the Graffiti Removal Services website.

Graffiti Removal Services Shark Tank Update

After appearing on Shark Tank, Graffiti Removal Services, founded by Paul Watts, experienced significant growth and success.

Despite not securing a deal with the Sharks, Paul Watts’ calculated risk paid off. He continued to operate the business and ventured into different avenues to expand its reach.

After the show, Paul Watts partnered with the chemical manufacturer and began selling eco-friendly cleaning chemicals as retail items on his website. He also introduced the innovative Graffiti Removal Bike in 2015, allowing efficient graffiti removal in tight spaces.

Graffiti Removal Services is now based in Portland, Oregon, and remains operational, providing prompt and eco-friendly graffiti removal solutions using non-toxic, biodegradable products that comply with or exceed environmental regulations.

The company employs proactive anti-graffiti measures, using trucks and bikes in Portland to tackle the issue of graffiti in the area.

Their business model emphasizes environmental responsibility, ensuring their products and practices are eco-friendly and avoid harmful substances. They have also expanded their services to include offering anti-graffiti coatings and DIY kits for those interested in tackling graffiti removal themselves.

Despite initial doubts about the franchise model and the high valuation expressed by the Sharks during the pitch, Graffiti Removal Services has grown and thrived. Their net worth is now estimated to be around $16 million, reflecting their success and continuous growth in the graffiti removal industry.

Graffiti Removal Services has proven to be a resilient and environmentally conscious business, providing effective and sustainable solutions to communities facing graffiti-related issues.

Customers have praised their services and products, contributing to the company’s positive reputation and success even without the support of a Shark Tank deal. Graffiti Removal Services has become a well-established and thriving business thanks to Paul Watts’ dedication and strategic approach to growth.

The company’s continued success showcases the power of perseverance and innovation in the face of challenges and the ability to create a sustainable and environmentally responsible business model.

Is Graffiti Removal Service Still In Business?

Yes, Graffiti Removal Services is still in business. After appearing on Shark Tank Season 1, the company has seen significant growth and expansion. Despite not securing a deal with the sharks, Paul Watts, the founder, has managed to take his business to new heights.

Graffiti Removal Services was initially located in Sacramento, California but later moved to Portland, Oregon, a city with a higher incidence of graffiti. According to Paul, this move has been beneficial for the company.

In an interview, Paul shared that the business has grown yearly since the show. Even though the show did not bring in any new revenue directly, Paul credits hard work, persistence, and dedicated staff for the company’s continued growth and success.

He revealed that the company’s annual revenue has jumped from $275,000 to nearly $4 million. For more information, or if you are in the Portland area and need graffiti removal services, you can visit the Graffiti Removal Services website.

What Is the Net Worth Of Graffiti Removal Services?

According to our research, the net worth of Graffiti Removal Services is estimated to be $5 million. The valuation of Graffiti Removal Services was over $2.25 million when it appeared on Shark Tank.