Graffiti Removal Service
NO DEAL
EPISODE SUMMARY
🕓 Air Date: August 30, 2009
Asking For:
$350,000 for 15%
Investor:
No Deal
Deal:
No Deal
PRODUCT SUMMARY
Graffiti Removal Services (G.R.S.) is a mobile graffiti removal franchise, utilizing a proprietary biodegradable product to remove graffiti effectively and safely.
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Background Story
Paul Watts, founder of Graffiti Removal Services (G.R.S.), embarked on his entrepreneurial journey after observing a pressing need in his community. Based in Sacramento, California, Watts began his career as a facility maintenance painter for the city. However, it was during a volunteer cleanup event that he noticed a profound sense of civic pride among the residents. Witnessing the pervasive issue of graffiti blighting the city’s infrastructure, Watts saw an opportunity to make a difference while generating additional income.
Drawing from his experience in facility maintenance painting, Watts developed a keen understanding of the challenges associated with graffiti removal. Determined to address this issue comprehensively, he conceptualized a mobile graffiti removal service that would utilize innovative techniques and environmentally friendly products. This vision laid the foundation for Graffiti Removal Services, the nation’s first completely mobile graffiti removal franchise.
Watts’ entrepreneurial spirit and commitment to community improvement fueled his pursuit of this venture. Recognizing the potential for scalable impact beyond Sacramento, he aimed to expand his business model nationally. With a combination of industry expertise and a passion for making a positive difference, Watts embarked on a mission to revolutionize the graffiti removal industry. His dedication to providing effective, safe, and environmentally conscious solutions has positioned Graffiti Removal Services as a leader in the fight against urban blight, with the potential to make a lasting impact on communities across the nation.
The Product
Graffiti Removal Services (G.R.S.) offers a comprehensive solution for removing graffiti from various surfaces effectively and safely. Utilizing a proprietary biodegradable product, G.R.S. ensures that graffiti can be removed with ease, without causing damage to the underlying surface.
The product works by applying the biodegradable solution to the graffiti, allowing it to penetrate and break down the paint or ink. This process makes it easier to wipe away the graffiti, leaving behind a clean surface. The solution is non-toxic and environmentally friendly, making it suitable for use in a wide range of settings, including residential, commercial, and municipal properties.
One of the key benefits of G.R.S.’s product is its versatility. It can be used on various surfaces, including concrete, metal, brick, and wood, making it suitable for virtually any graffiti removal need. Additionally, the biodegradable nature of the product ensures that it is safe for the environment and complies with environmental regulations.
Customers can access G.R.S.’s graffiti removal services by contacting their local franchise or visiting the company’s website to request a quote. Pricing varies depending on the size and complexity of the graffiti removal job, but G.R.S. aims to provide competitive rates while delivering exceptional service and results. With G.R.S.’s innovative product and professional service, customers can enjoy a hassle-free solution to their graffiti removal needs.
How It Went
The company’s position before Shark Tank
Graffiti Removal Services (G.R.S.) has demonstrated steady growth and a strong position within the graffiti removal industry. With its innovative approach and commitment to excellence, G.R.S. has established itself as a reputable provider of graffiti removal solutions. As a franchise-based business, G.R.S. has strategically expanded its presence across various cities, offering its services to a diverse range of customers, including residential, commercial, and municipal clients.
The company’s success can be attributed to its effective marketing strategies, quality service offerings, and dedication to customer satisfaction. G.R.S. has forged partnerships with local businesses, property management companies, and government agencies to provide graffiti removal services on a regular basis. These partnerships have helped G.R.S. secure recurring revenue streams and establish itself as a trusted provider in the communities it serves. In terms of funding, G.R.S. initially relied on founder Paul Watts’ investment and revenue generated from its operations to fund its growth.
However, as the company continues to expand, it may seek additional funding through various avenues, such as bank loans, investor partnerships, or franchising fees. The company’s financial performance has been promising, with consistent profits and minimal losses. Revenue generated from franchise fees, royalty fees, and service contracts has contributed to G.R.S.’s financial stability and growth. With sufficient available capital and a solid business structure in place, G.R.S. is well-positioned to capitalize on future growth opportunities and continue its mission of combating graffiti blight across the nation.
The Negotiations:
During the negotiations on Shark Tank, Paul Watts presented his proposal for Graffiti Removal Services (G.R.S.), seeking a $350,000 investment for a 15% stake in the company. While expressing interest in the business concept, the Sharks raised concerns about valuation, scalability, and the proprietary nature of the product. Robert and Kevin made a joint offer of $350,000 for a 75% stake in the company, which Watts declined, preferring to maintain control of his company.
The Sharks questioned the feasibility of the franchise model and the sustainability of the business’s revenue stream. Ultimately, despite the Sharks’ interest in the market potential for graffiti removal services, Watts left the Tank without a deal. The Sharks felt the valuation was too high given the lack of proven franchise sales and the uncertain future of the business model.
They expressed doubts about the proprietary nature of the product and its long-term viability in a competitive market. While Watts remained resolute in his vision for G.R.S., the Sharks’ concerns regarding valuation and scalability led to a missed opportunity for investment. However, Watts remained determined to pursue his entrepreneurial endeavors and continue expanding G.R.S. to make a positive impact in communities across the nation.
