Graffiti Removal Service Shark Tank Update (Season 1)

Graffiti Removal Service is a mobile franchise that removes graffiti from walls, surfaces, bricks, and concrete without causing any damage. The founder and CEO of this business is Paul Watts.

In 1998, I worked as a facilities maintenance painter in the City of Sacramento and volunteered at community cleanups in the afternoons. While volunteering, he noticed graffiti on a neighborhood wall, and from this moment came the idea of ​​a graffiti removal mobile service business.

To grow this business, Watts appeared on Shark Tank Season 1 Episode 4 and asked the sharks for $350k for 15% equity at a $2.3 Million Valuation. Unfortunately, this business did not get a deal in Shark Tank, all the sharks refused to invest in this business.

What Is Graffiti Removal Service?

Graffiti Removal Service is a mobile franchise that removes graffiti from walls, surfaces, bricks, and concrete without causing any damage. To remove Graffiti, they use a mix of pressure washing techniques combined, which does not cause any harm to the building or environment.

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Who Is The Founder Of Graffiti Removal Service?

Paul Watts is the founder and CEO of the Graffiti Removal Service Mobile franchise model business. Watts is a painter by profession and started this business in 2004.

How Was The Shark Tank Pitch of Graffiti Removal Service?

Founder Paul Watts After Entering Shark Tank, He Asked Sharks for $350,000 for 15% Equity and Explained His Mobile Franchise to Sharks About Graffiti Removal.

Watts has not sold a single franchise yet. His company is based in the City of Sacramento and the annual income is $230,000 per year. Net profit from $230,000 annual income is only $75,000.

The lowest GRS Franchise costs $60,000. Kevin O’Leary said this business is not worth the $2.3 million valuation Watts said what do you think. Kevin O’Leary said he thinks he should own 110% of the business for $350k.

Barbara Corcoran said she doesn’t think it’s a good business so she’s out. Kevin Harrington said he doesn’t think the franchise concept will work in this business, so he is out. Daymond John also refused to invest in this business.

Robert Herjavec and Kevin O’Leary teamed up and offered $350k for 75% equity. Watts said no.

Sharks	Offers
Barbara Corcoran	No Offer
Kevin O’Leary	No Offer
Robert Herjavec	No Offer
Daymond John	No Offer
Kevin Harrington	No Offer
Founder’s (Countered)	No Offer
Final Deals	No Deals

What Happened To Graffiti Removal Service After Shark Tank?

Barbara Corcoran, Kevin Harrington, and Daymond John declined to invest in this business but Robert Herjavec and Kevin O’Leary offered Paul Watts $350k for 70% equity. Watts said he couldn’t afford to put down that much equity.

In 2024, this business has been running for 24 years but Watts is still trying to scale his business. If Watts had accepted the Sharks’ deal, he would have got some help to grow his business.

Graffiti Removal Service Shark Tank Update

After this episode of Shark Tank went on air, the graffiti removal business became known to many people and this business got a boost for some time. But Watts’ focus was on the franchise model and that has not happened yet.

What Is Graffiti Removal Service’s Net Worth?

Graffiti Removal Service’s net worth is estimated at $1 million. There are many graffiti removal businesses now open in the United States and there is a lot of competition. It is very difficult to earn much money in this industry.

Is Graffiti Removal Service Still In Business?

Paul Watts is currently running this business, and although he is getting very good revenue from this business it is very low for a company.

The official headquarters of this business is in Citrus Heights, California, United States and it employs 1-5 people according to its LinkedIn profile.

Yes, Graffiti Removal Service is Still in business as of 2024.

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