Paul Watts of Sacramento pitched Graffiti Removal Services on Shark Tank episode 104 based on an afternoon of community service.
He observed his fellow volunteers’ pride while removing graffiti from buildings and light poles in the community.
A non-toxic, biodegradable solution was developed for graffiti eradication. Watts is interested in franchising the business. He pitched his company to Shark Tank in 2009.
The idea for a mobile franchise came to him as a handy and economical way to deal with graffiti in cities and governments.
A truck and ecologically safe materials from a single manufacturer are part of his ambition for the Graffiti Removal Services mobile franchise.
He thought he could sell Graffiti Removal Services franchises to other businesses with his newly acquired franchise license.
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He knew that biodegradable, environmentally friendly items would be offered to his franchisees thanks to his former employment with the city of Sacramento. Additionally, he was confident about them.
What is Graffiti Removal Service?
Graffiti Removal Service is a mobile service that offers prompt, safe graffiti removal from building surfaces in Portland, Oregon. The company uses only products that comply with or exceed EPA and VOC regulations.
Their graffiti removal methods do not utilize phosphates, chlorinated hydrocarbons or xylene, or any other substance proven to be harmful to the environment or humans.
They also paint areas prone to graffiti with anti-graffiti coatings and sell kits to users who want the job done themselves.
|Company Name||Graffiti Removal Service Shark Tank|
|Product||Graffiti Removal Service Franchise|
|Investment Seeking||$350,000 For 15% stake in Graffiti Removal Service|
|Final Deal||No Deal|
|Episode||Episode 4 Season 1|
|Business Status||In Business|
Who Is The Founder Of Graffiti Removal Service?
Graffiti Removal Services was founded by Paul Watts, a former city worker in Sacramento, California. He has created a new, non-toxic, biodegradable solvent for removing graffiti.
Graffiti Removal Service Before Shark Tank
Graffiti Removal Services was founded and is owned by Paul Watts, a resident of Sacramento, California.
He walks his dog named Lexi every day to and from work because he is a graffiti remover.
Paul removes all the graffiti he sees throughout the city with Graffiti Removal Services, thus traveling throughout the city.
Paul Watts cannot grow his business and franchise it across the United States without an investment from the Sharks.
He says he used to paint light poles in Sacramento but was constantly bothered by the graffiti on the poles, so he created his own business to clean them all up.
Graffiti is a major problem in the United States, according to Paul Watts. It can be found in nearly every neighborhood, lowering property values.
According to him, Graffiti Removal Service (GRS) trucks would be stationed in every city in the United States.
It’s a tremendous chance for the Sharks to go into the graffiti cleaning business since there’s a huge market out there.
How Was The Shark Tank Pitch Of Graffiti Removal Service?
Watts makes an audacious proposal to the Sharks. He wants $350,000 in exchange for a 15% stake in Graffiti Removal Services.
He uses the chemicals to remove graffiti off street signs.
Robert Herjavec interrupts the demonstration to inquire about the mechanics of the franchise business, namely whether Watts invented the products.
Watts denies this and says the products are only available to the manufacturer, so and so no one else is aware of them.
Kevin O’Leary gets down to business, asking, “How am I going to earn money if I give you $350,000?”
The company-owned business of Watts generates $230,000 per year, with a net profit of $75,000.
With no franchises sold yet, the company-owned business generates $230k in annual revenue and $75k in revenue per year.
Herjavec criticizes the company’s worth, warning Watts that he has set his sights far too high, given that he has yet to sell a single franchise.
Corcoran declares her exit after expressing doubts that a franchise owner could persuade government agencies to use their services.
Kevin Harrington does not feel the franchise model would work for this business because there is no unique service on which a franchisee will rely. He’s gone.
Daymond John says he is also out because n addition to the chemicals, nothing in the package is proprietary in addition to the chemicals.
Robert Herjavec responds with a counter-offer. His contribution will be $350,000, but he wants a 75 percent stake in the company. This will make Watts his employee.
Kevin O’Leary speaks up, offering to partner with Robert on the transaction. Watts declines the offer after several uncomfortable minutes.
Watts refuses to complete the deal, despite his assurances that he does not get emotional about money. O’Leary becomes agitated.
“I’ll forget about you if you turn away,” he says to Watts, who responds, “No, you won’t.” You’ll say to yourself, “I should’ve invested in that company every time you saw graffiti.”
He exits the stage without a contract.
What Happened To Graffiti Removal Service After Shark Tank?
Watt’s audacity in refusing to accept the Sharks’ offer proved to be a calculated risk with long-term benefits.
He kept control of his company, and while growth has been slower than he would have hoped, Graffiti Removal Services is still thriving.
Watt did, however, heed the Shark’s recommendation and began offering the chemicals he uses as retail products through his website alongside the chemicals he manufactures.
Watts, who has been in business for 21 years, is still fighting “urban degradation” in 2021 through Graffiti Removal Services.
Is Graffiti Removal Service Still In Business?
Watts has since relocated to Portland, Oregon, where he works as a US Agent for the Urban Restoration Group.
He unveiled his Graffiti Removal Bike in 2015, which can be spotted around the city’s Eastbank Esplanade and Springwater Trail, among other prominent graffiti locations.
“Getting a truck in there might be difficult because you have to make tight turns,” Watts explains.
His three-wheeled bike fits perfectly and can transport his paint and power washers. The cost of graffiti varies according to its size and location.