Wall Doctor Rx Shark Tank Net Worth
Wall Doctor RX appeared on Shark Tank and was valued at around $1.5 million. As of 2023, it has an estimated net worth of $5 million.
Jim Lewis, the entrepreneur behind Wall Doctor RX, asked for $150,000 in exchange for a 10% investment in his company.
What is Wall Doctor Rx and Who is the Founder of Wall Doctor Rx?
Wall Doctor Rx is a drywall repair product that enables users to patch holes or cracks in less than 60 seconds, and it is available in four different sizes, accommodating up to 50 lbs.
The creator of Wall Doctor Rx is Dr. Jim Lewis, a forensic pathologist who devised the product after punching a hole in his wall while putting up Christmas decorations and searching for a more convenient solution.
The repair kits contain all the necessary items to repair minor holes and are more cost-effective than hiring a handyman.
What happens to Wall Doctor Rx at the Shark Tank Pitch?
During season 5 episode 13 of Shark Tank, Dr. Jim Lewis, the founder of Wall Doctor Rx, presented his product to the Sharks. He sought a $150,000 investment for a 10% stake in the company, which valued it at $1.5 million.
Dr. Lewis demonstrated how easy and efficient his product was compared to traditional drywall repair methods. Lori Greiner tested the product and successfully patched a hole in the wall.
Daymond John was impressed with the sales figures, as Dr. Lewis had already sold 80,000 units with $600,000 in sales. Robert Herjavec offered $150,000 without taking any stock in the company but with the right to resell the product globally, and Dr. Lewis accepted.
After appearing on Shark Tank, Wall Doctor Rx secured a spot as a QVC offering and became one of the top home improvement and repair retailers in Lowes. However, despite Lori Greiner’s initial rejection, the company managed to secure its QVC offering.
Spark Innovations, LLC purchased Wall Doctor Rx a few years after the Shark Tank episode and renamed it Wall Doctor. Spark Innovations LLC is known for acquiring Shark Tank brands, including ScreenMend, Illumibowl, and FiberFix.
Wall Doctor Rx Net Worth
As of 2021, Wall Doctor Rx’s net worth is estimated to be over $5 million.
Wall Doctor Rx Competitor?
Greenbaum Home Furnishings Com is a competitor of Wall Doctor Rx.
Wall Doctor Rx FAQS
What is Wall Doctor Rx?
Wall Doctor Rx is a do-it-yourself option for quickly and easily patching drywall holes or cracks in less than 60 seconds. It restores the strength and finish of the wall and supports up to 50 lbs.
Who is the founder of Wall Doctor Rx?
Dr. Jim Lewis, a forensic pathologist, created Wall Rx. Lewis was inspired to create Wall Rx after punching a small hole in his wall while hanging Christmas decorations.
How much was he asking in the Shark Tank?
Dr. Lewis pitched Shark Tank season 5 episode 13 in exchange for a $150,000 investment and a 10% stake in Wall RX. This indicates a worth of $1.5 million.
Did he get the deal from the Shark Tank Pitch?
Dr. Lewis ultimately accepted Robert Herjavec’s offer $150,000 for 0% + International Rights. Robert wants control over the international sales.
Is Wall Doctor Rx still in business?
Yes it is. It is manufactured and retailed by Spark Innovations. Spark Innovations, LLC purchased the firm a few years after it appeared on Shark Tank and they renamed the business to Wall Doctor.
How much does it cost?
The product is priced between $4.99 and $6.99. Each item costs him between $2 and $2.50 to manufacture.
What were the Shark Tank judges thinking?
All the Sharks were interested in the Product except Mark who did not make any offer.
What happened to the wall doctor on Shark Tank?
Despite Greiner’s rejection, Wall RX appears as a QVC offering. Greiner had to have taken a mouthful of the product following the Shark Tank episode.
Lowes also acquired it, transforming Wall RX into one of the world’s leading home improvement and repair retailers.
Who owns Wall Doctor?
Michael Harrison.
Who is the Jim Lewis?
Jim Lewis is a Chester County, Pennsylvania forensic pathologist who created Wall Rx, a drywall repair kit.
He had the idea one Christmas when he accidently punched a small hole in the wall while hanging ornaments.
What episode was Wall Doctor Rx featured?
It was featured on Shark Tank Season 5 Episode 13
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.
Was Wall Doctor Rx a private or a public company?
Wall Doctor Rx was a private company.
What is the net worth of Jim Lewis?
Jim Lewis’s net worth is unavailable.
