Paint Brush Cover Shark Tank Update | Paint Brush Cover after Shark Tank Pitch
What is Paint Brush Cover?
The Paint Brush Cover is a plastic device that helps prolong the life of paint brushes and reduces the time required for cleaning them.
The cover is made of a durable, transparent plastic that allows you to see the size of the brush inside and whether it is wet or dry.
Its airtight seal ensures that the brush stays wet even when not in use.
The company was founded by two brothers and a family friend, all of whom have over 20 years of experience in painting and are still actively running the business today, which was established in 2011 with the aim of finding ways to make the cleaning process more efficient.
Who Founded Paint Brush Cover?
The founders of Paint Brush Cover are Sal and John DePaola and Anthony Caputo.
What happen to Paint Brush Cover at the Shark Tank Pitch?
Sal DePaola, John DePaola, and Anthony Caputo, entrepreneurs from New Jersey, appeared on Shark Tank to secure an investment of $50,000 in exchange for a 10% ownership stake in their company.
Despite a difficult presentation in which Sal forgot his lines and became embarrassed, they were able to effectively pitch their product to the Sharks.
A bidding war ensued, and Lori ultimately offered $100,000 for a 10% stake in the company, along with a $100,000 credit for purchase orders.
Paint Brush Cover after Shark Tank Pitch
The company experienced significant growth in sales following their initial concert, more than doubling their previous two years’ figures.
They secured partnerships with major retailers such as Home Depot, Lowes, Walmart, and Bed, Bath & Beyond after appearing on QVC with Lori.
Lori was instrumental in getting the product into 2000 Home Depot stores and repackaging it for distribution.
As of August 2021, the product is available in over 14,000 retailers, has generated $2.5 million in sales, and is getting a roller cover.
Despite one of the company’s members being arrested for involvement in a cocaine trafficking organization in 2017, the company is still in operation and generating $5 million in yearly sales.
Paint Brush Cover Net Worth
The founders of Paint Brush Cover sought $50,000 for a 10% stake, valuing the company at $500,000. Lori later offered $100,000 for a 20% stake, also valuing the company at $500,000.
Paint Brush Cover FAQS
How do you use a paint brush cover?
All you need to do is slide the cover over the brush.
The brush remains dry throughout your painting session.
What are paint brush covers used for?
The translucency of the lid allows you to check if your brush is wet or dry.
It also helps you determine, by size, which paint brush it belongs to should there be several brushes in one container.
The seal on the lid keeps water from running out, so your brushes stay wet even after hours of not using them.
Is paint brush cover better than a similar product on the market?
Paint Brush Cover has received online reviews that were favourable overall.
A previous product on the market was not transparent and did not have an airtight lid to hold the water in.
What’s the use of storing wet paint brushes?
Keeping your paint brushes wet can be a good way to save the environment.
You may store your paint brush wet and reuse it anytime you need to make a new application of the same paint, rather than having to continuously wash it off or allowing dangerous chemicals to drip into your drain.
How long can the brush be kept in the holder?
Your paint brush may be stored in the Paint Brush Holder for several weeks.
Scoop a bit excess paint on bristles before storing wet brushes for extended storage.
For a longer storage life, we recommend putting the brush holder in a flat horizontal posture so that paint on the bristles keeps it moist rather than gathering down when stored in a vertical position.
What colour does the Paint Brush Holder come in?
Clear (translucent to) Paint Brush Holder Furthermore, transparency allows one to view the condition of wet paint brushes while keeping them, allowing one to determine if they are drying out or not, and if necessary, scoop extra paints to extend the storage of your wet brushes.
Is it possible to stack paint brush holders?
Yes, we’ve made our paint brush holder stackable and storable.
For any form of painting endeavour, you may stack many brushes or colours on top of each other.
How do you ensure that the paintbrush holder is completely sealed?
All of our paint brush holders go through a rigorous quality assurance procedure. We want to make sure that every product correctly seals and protects a paint brush when it’s stored in the holder.
How long will the paintbrush holder last?
The Paint Brush Holder is well-known for its toughness.
It’s composed of a tough, transparent, and long-lasting plastic.
Without wear and tear, the brush can survive a long period.
The one-piece airtight seal design is one of the elements that makes the brush robust.
Do you provide discounts for large orders?
We may be able to work out a bulk offer or discount on these items for you if you are a professional painter and this is a product that you might use as part of your normal painting supplies.
Is it possible to use the system with paint rollers?
This is not a system suited for use with traditional rollers, such as huge wall rollers or smaller roller style paint products.
Our product is made for paint brushes and may be used to keep both wet and dry brushes throughout a painting operation.
At any given time, only one paintbrush can be used.
Who founded Paint Brush Cover?
John DePaola and Sal Marchese founded Paint Brush Cover. They came up with the idea in 2012 while house painting one of their own homes in New Jersey.