Graffiti Removal Service Shark Tank Net Worth 2023

Paul Watts is a determined entrepreneur, showing up before the Sharks with an audacious suggestion. He is looking for $350,000 in exchange for a 15% stake of his startup business, Graffiti Removal Services.

This indicates that he values the company at around $2,333,333.33 – quite a bold statement of worth! Though it remains to be seen how the Sharks will respond to Paul’s offer and how Graffiti Removal Services can justify such a lofty valuation.

What is Graffiti Removal Service?

Paul Watts founded Graffiti Removal Services as a mobile franchise that specializes in removing graffiti using non-toxic and biodegradable products. He was inspired to establish the business after observing his fellow volunteers removing graffiti from local buildings and poles, and he believed that he could provide cities and municipalities with a cost-effective solution to combat this problem.

The Graffiti Removal Services mobile business features a truck that is equipped with state-of-the-art tools and techniques, and only one manufacturer’s ecologically friendly products are used.

Paul’s confidence in his franchise concept was based on his personal experiences as a maintenance worker for the city of Sacramento and his belief in the effectiveness of the biodegradable products he intended to offer to his franchisees.

Graffiti Removal Services is committed to providing affordable services to combat graffiti vandalism and help property owners maintain their property values. The company takes a responsible approach to graffiti removal, using products that are both effective and environmentally friendly, minimizing the impact on the surrounding area.

What happen to Graffiti Removal Service at the Shark Tank Pitch?

Paul Watts approached the investors on Shark Tank with a bold proposal. He requested $350,000 in exchange for a 15% stake in his company, Graffiti Removal Services, which valued his business at $2,333,333.33. During the demonstration, Watts showcased how his products effectively removed graffiti from street signs.

When Robert Herjavec inquired about the franchise model, Watts confirmed that he did not create the items but that they were only available from the producer. He stated that his company-owned business generates $230,000 in annual revenue and a net profit of $75,000.

Despite doubts from the Sharks about the company’s worth, Herjavec offered the investment but with the condition that he would keep 75% of the business, making Watts an employee. Kevin O’Leary proposed a partnership with Herjavec, but Watts declined the offer.

Although he claimed to be indifferent to money, O’Leary became angry when Watts refused the deal. Watts eventually left without securing an investment.

However, Watts’ bold move proved to be a calculated gamble that paid off. He relocated to Portland, Oregon, where he now works for the Urban Restoration Group as a US Agent. In 2015, he unveiled his Graffiti Removal Bike, which can be found in various prominent graffiti locations around the city.

The bike is capable of transporting his paint and power washers, which is beneficial for removing graffiti in tight areas. Today, after 21 years in business, Watts continues to fight against “urban blight” with his successful Graffiti Removal Services.

Graffiti Removal Service Net Worth

Paul Watts approaches the Sharks with an audacious suggestion. He is seeking $350,000 for a 15% interest in Graffiti Removal Services. This indicates a value of $2,333,333.33.

Graffiti Removal Service Competitors

There is no update about the Competitors.

Graffiti Removal Service FAQS

Where are Graffiti Removal Service’s headquarters?

The headquarters of Graffiti Removal Service are located at SE Ankeny St, Portland, Oregon, United States.

What is Graffiti Removal Service’s phone number?

The phone number for Graffiti Removal Service is (503) 231-1414.

What is Graffiti Removal Service’s official website?

The official website for Graffiti Removal Service is www.removegraffiti.net.

What should they do before they remove graffiti?

Before beginning the graffiti removal process, ensure that the surface is dry and dirt-free. Begin at the top of the surface and work your way down, catching any liquid as they go.

How does graffiti removal work?

Baking Soda or Dry Ice Blasting is a green method of graffiti removal.

This procedure utilizes abrasive particles to safely remove paint without hurting the surrounding surfaces. Concrete, brick, stone, wood, and glass are all suitable for blasting.

What happen to Graffiti Removal Services at the shark Tank?

Graffiti Removal Service’s founder approached Shark Tank with a $350,000 offer for a 15% stake in the business.

The sharks offered to join in for a whopping 75% equity a deal that was, predictably, rejected. *Graffiti Removal Products has rebranded as Graffiti Removal Service.

What was the weaknesses of Graffiti Removal Service’s?

Graffiti Removal Service’s business model is based on the assumption that a partner, who can be either a client or a franchisee, will decide to hire them to remove graffiti from his property.

It is not clear whether any of the businesses in this area are in fact hiring graffiti “removers” directly.

Why was Graffiti Removal Service’s pitch rejected?

Shark Tank rejected Graffiti Removal Service because of its high valuation.

How was Graffiti Removal Service’s doing after Shark Tank?

In 2021, after 21 years in business, Watts continues to fight “urban blight” with his successful Graffiti Removal Services.

How did Graffiti Removal Service get its name?

The company was originally named Graffix Ink. The founder, Paul Watts, took it upon himself to rename the company Graffiti Removal Services in order to make it more appealing to customers and franchisees.

What is Graffiti Removal Service?

Graffiti Removal Business is a mobile service in Portland, Oregon that provides rapid, safe graffiti removal from building surfaces.

The firm employs only goods that adhere to or exceed all applicable EPA and VOC laws.

Who Is The Graffiti Removal Service’s Founder?

Paul Watts, a former city worker in Sacramento, California, created Graffiti Removal Services. He has developed a non-toxic, biodegradable solution for graffiti removal.

Does Graffiti Removal Service have any social media presence?

Yes, it does have a substantial presence on Facebook and Twitter.

Is graffiti removal profitable?

Profitability is primarily dictated by the location in which they live and the frequent contracts they obtain. Thus, with enough clients and effort, this may be a highly rewarding career.

Is Graffiti Removal Service’s a good investment?

Graffiti Removal Service’s is a good investment because the main focus of this company is to make environment friendly spray for removal graffiti.

This adds to its value as this will be used by many people and thus it will add profit as well.

What is net worth of Graffiti Removal Service?

Unknown.