Imagine having a solution that keeps your paint fresh for years, making touch-ups a breeze. That’s what Carson and Jason Grill, a father-son duo, brought to life with their creation, the Touch Up Cup.
This innovative product not only caught the attention of thousands of homeowners but also intrigued the Sharks on the famous TV show, Shark Tank. Here’s a peek into the journey of this simple yet game-changing invention.
The Touch up Cup Shark Tank Pitch and Deal
Season 12, Episode 1 of Shark Tank welcomed Carson and Jason Grill. They entered the tank with high hopes, seeking $150,000 for a 10% share of their business. Their product, the Touch Up Cup, is a specially designed container that keeps paint fresh for years. An added bonus, it is easy to store and even easier to use when you require a small touch-up.
Their pitch resonated well with the Sharks, especially with Guest Shark Blake Mycoskie. After a bit of back-and-forth talk, the Grills accepted an offer from Mycoskie. The deal? $150,000 for a 17.5% stake in their business. A slightly larger portion than they initially intended to part with, but a worthwhile compromise considering the unmatched exposure and mentorship they would receive from Mycoskie.
Touch up Cup’s Net Worth
Before their appearance on Shark Tank, Carson and Jason Grill valued their business at a cool $1.5 million. They sought $150,000 for a 10% stake, which put the company’s value at $1.5 million. However, after negotiations with Guest Shark Blake Mycoskie, they agreed to give up a 17.5% stake for the same amount. This brought the net worth of their business down to about $800,000.
But don’t be fooled by the numbers. The Touch Up Cup has grown significantly since then. Thanks to the exposure from Shark Tank and the growth in sales, the company’s net worth has skyrocketed. As of 2024, the Touch Up Cup is now valued at an impressive $3 million. That’s quite a jump from their initial valuation!
Is Touch up Cup Still in Business?
After their Shark Tank experience, the Touch Up Cup experienced impressive growth. Their sales skyrocketed from $220,000 in the two years leading up to the show, to an impressive $1 million in 2021. The projection for 2022? A whopping $3 million. The company’s trajectory, it seemed, was only going up.
And it wasn’t just about the numbers. The Touch Up Cup also made its way into over 4,000 retail locations nationwide. You can now find them in major retailers like Walmart, Lowe’s, Home Depot, Meijer, and online giant Amazon. This widespread availability certainly contributed to the company’s extensive growth post-Shark Tank.
But the Grills didn’t just stop at expanding their sales. They also added new products to their lineup. From paint rollers and brushes to roller cleaners and storage containers for kitchen items, their product range grew significantly, catering to a broader customer base.
As for their online presence, a pause in their social media activity since March 2022 raised questions. Is the Touch Up Cup still in business? The answer is a resounding yes. Despite the social media silence, their products are still widely available online and in stores. Carson Grill, nearing graduation in 2024, continues to juggle between his studies and his business ventures, including OCD Detailing, another successful company under his name.
So, if you’ve been wondering about the Touch Up Cup’s journey post-Shark Tank, it’s safe to say that they’ve painted a successful picture with their innovative solutions for paint storage and touch-ups. Their journey is an inspiring example for budding entrepreneurs and inventors alike, showing that simple ideas can indeed lead to big business.
The Current Updates
Remember the Touch Up Cup? This handy little invention by the father-son team, Carson and Jason Grill, has been making quite a splash since their appearance on Shark Tank. In fact, their business has seen a substantial surge in sales, which soared from $220,000 in the two years leading up to the show to an impressive $1 million in 2021. The projection for 2022 is even more promising – a whopping $3 million.
But that’s not all. The Touch Up Cup has also found its way into over 4,000 retail locations across the country. You can now find it in big-name stores like Walmart, Lowe’s, Home Depot, Meijer, and even on Amazon.
And the Grills didn’t stop there. They’ve expanded their product line to include paint rollers, brushes, roller cleaners, and even storage containers for kitchen items. This expansion has not only broadened their customer base but also diversified their product offerings, making the Touch Up Cup a household name.
Impact of Touch up Cup Appearance on Shark Tank
The impact of the Touch up Cup’s appearance on Shark Tank has been nothing short of phenomenal. Their sales have surged, their product line has expanded, and they’ve made their way into thousands of retail locations nationwide. And let’s not forget the positive reviews. A significant portion of customers have given the Touch Up Cup 5-star ratings on Amazon. That’s a big win for any business!
Even though the company’s social media activity has been quiet since March 2022, the Touch Up Cup is still very much in business. Carson, who is nearing his graduation in 2024, continues to balance his studies with his multiple business ventures, including the Touch Up Cup and another successful company, OCD Detailing.
In short, the Touch Up Cup’s appearance on Shark Tank has positively impacted their business, leading to substantial growth and success. It’s a great example of how a simple idea, when executed well, can lead to big things. And we can’t wait to see what’s next for this innovative company.
Touch up Cup Business Overview
After securing a deal on Shark Tank with Guest Shark Blake Mycoskie, the Touch Up Cup has seen an impressive increase in its business valuation and sales. Initially valued at $1.5 million during their pitch, Carson and Jason Grill agreed to Mycoskie’s offer of $150,000 for a 17.5% stake in their business, which brought the company’s actual value down to $800,000, at that time.
Fast forward to today, the Touch Up Cup has made significant strides in the market. Due to their excellent business strategies and the exposure from Shark Tank, the company’s net worth has seen a massive increase, boasting a valuation of around $3 million in 2024. It’s truly a remarkable growth story!
The Touch Up Cup experienced a surge in sales post-Shark Tank. The sales figures jumped from $220,000 in the two years before the show to $1 million in 2021. The projection for 2022 is even more promising, with an anticipated $3 million in sales. That’s a substantial increase, and it shows how well the product has resonated with the consumers.
Moreover, the Touch Up Cup has successfully expanded its presence into over 4,000 retail locations across the country. Customers can now easily find this handy tool in major retailers such as Walmart, Lowe’s, Home Depot, and Meijer, as well as online on Amazon. This wide availability has undeniably played a significant role in the company’s growth.
Not one to rest on their laurels, the Grills expanded their product line. They introduced new products like paint rollers, brushes, roller cleaners, and even kitchen item storage containers. This diversification has allowed them to cater to a wider customer base and further solidify their position in the market.
Despite a pause in their social media activity since March 2022, the Touch Up Cup remains very much in business. Carson Grill, who’s set to graduate in 2024, continues to efficiently balance his academic commitments with his entrepreneurial ventures, which include the Touch Up Cup and another successful company, OCD Detailing.
Conclusion
The Touch Up Cup’s journey post-Shark Tank is one that inspires entrepreneurs and innovators. It shows that with a great idea, the right approach, and strategic growth plans, businesses can achieve tremendous success.
From their successful pitch on Shark Tank and securing a deal with Blake Mycoskie, to increasing sales figures and expanding their product line, the Touch Up Cup has painted a picture of entrepreneurial achievement. The growth of their business, as reflected in their increased net worth and wide product availability, speaks volumes about their business acumen and the product’s value.
Though the company’s social media activity may have slowed down, the Touch Up Cup continues to be a prominent player in the market. With Carson Grill’s continued involvement and the company’s impressive track record, we can only expect more innovative products and success stories from them in the future.
You may also like:
