It is the Touch up cup, a storage container which the co-founders Jason Grill and Carson Grill presented on Shark Tank Season 12 Episode 1. It’s a dad and son. This cup for touch-ups was created by Carson in the year 2017. Carson was a handyman for his father Jason in the painting of his house.
Carson is a child who is 15 years old. He designed this product to help his dad with painting the house. Carson is an accomplished young man, and his brain was into creating his Touch Up Cup product which will stop paint from being wasted due to falling.
Touch up Cup, which is part of Dz Innovation, was launched in June 2017 in the Cincinnati metropolitan area. It’s an innovative product that eliminates the unpleasant smell and mixing problems of paints. The mix is made by adding paint to a container for storage and then shaking it around in the stainless steel bowl. It’s simple to do, and the amount of paint that falls down is very low.
If you are a painter, you’ll be aware that when you apply paint for the first time after which air enters it, it’s wasted. To do this, the paint needs to be kept in an air-tight container. The Touch up Cups are air-tight water-proof containers. Jason & Carson Appears on Shark Tank with their Business Pitch for $150,000 in exchange for 10% of their business, which they require to grow their business.
Carson stated on Shark Tank that the Touch Up Cup is available at different retail stores across the nation In the first two years prior to 2020, it made sales of $220,000. In 2020, it earned $400,000 by the end of the year.
What Is a Touch up Cup?
Its Touch up Cup is a durable container for storage of paint. It is airtight, as well as waterproof. The Touch Up cup is used to shake paint, and it does the job. It’s very useful and is made by Doz Innovation. Doz Innovation.
It’s available in various forms of work, but especially in the field of painting. If you are presenting the paint to be painted first of all the paint needs to be shaken until the paint disintegrates correctly. paint is mixed with the help of a brush or other method, but it shatters when mixing, making the surface dirty and intensifies the effort. This touch-up cup is an ideal solution to this kind of issue. It’s a green environmentally friendly paint store container.
In this container the paint is gently shaken to ensure that the paint is mixed. The container is a tough plastic bowl that makes it simple to shake. Due to its airtightness as well as waterproof, color in it lasts for a long duration. It is the reason that the room, color, and date can be tagged to ensure that they are recognized correctly.
Touch-up cups aren’t restricted to paint only. They also produce Touch Up Roller Saver, Touch Up Brushes, Touch Up Roller, Piggy Pouch, Donut Fresh along with Muffin Fresh.
Who Is The Founder Of Touch-up Cup?
Carson Grill is the Founder and CEO of Touch-up Cup the sister company Dz Innovation. Waste and paint mix is an issue that is common to many people each day. Nowadays, many people paint their homes since they’re not professionals and therefore aren’t in a position to mix the paint in a proper way. When they attempt to mix it, some portion of the paint will fall off of his. It eliminates the issue of touch-up cups. The product was created by 15-year old teenager Carson. The product was created by Carson to assist his father.
Carson’s father Jason was a big help in the creation of this product. Jason acknowledges all credits for the item to the son of his Carson. The 15-year-old boy appeared on a variety of news channels following the invention of this product at Cincinnati, Ohio Station, Spectrum News1.
Carson after having completed his education in Bishop Fenwick High School in May 2022. High School Diploma, Entrepreneurship at Cincinnati Hills Christian Academy.
Touch Up Cup Before Shark Tank
The eco-friendly container can be used for various paint projects, when it resolves problems related to paint waste and mix. In the year 2017, Carson started this Touch Up Cup company following the fact that he merged the company under the umbrella of Dz Innovation Company.
Carson created this product, along with his dad Jason assisted him in the creation of this product. However, Carson is the sole manager of this business and is in charge of all the sales. It is sold in more than 4000 sand stores across all over the United States as well as Walmart, Lowes, Home Depot, Amazon, and many more outlets.
This firm is part of the field of household products and has its headquarters located in West Chester Township, Ohio.
How Was The Shark Tank Pitch Of Touch Up Cup?
Jason Grill & Carson Grill The father and son went on Shark Tank with their business plan in
order they could Shark could invest into the idea. This money should assist them in promoting and growing the product. After being joined by Carson as well as his dad as guests on Shark Tank,
they asked for a $150,000 investment as a trade for 10 percent equity in their company. Following this Ask the value of the company was $1.5 million.
The man, who gave a great talk in Shark Tank, said that his revenues for the last two months was around $220,000. The middle month in February in 2020 the company had revenue of $400,000. As per the creator of the company, the cost for making Touch Up Cup is $0.90 and the price range is $3.99 to $4.99 at retail prices.
In the debate on Shark Tank, the founder was quoted as saying that he makes the product in China as it lowers costs for the item. Now the sharks are preparing to offer their Touch Up Cup. This entrepreneur, who was 15 years old, was intrigued to invest in the business due to the business-oriented mindset.
Blake Mycoskie Mycoskie stated that he’d assist them to expand the business and that it was in need of more funds. Mycoskie’s proposal for this company is $200K for 25% equity.
Daymond John #1: John made a direct offer of $200K in exchange for 17.5 percent equity in the company without much discussion.
Mark Cuban: Cuban claimed it was an excellent business, but the company was not his because the other sharks offered a fantastic deal.
Daymond John 2nd:John offered his third offer, $150K in exchange for 20% equity. He does not like the fact that neither are going to be working at the business fully. It will generate additional profits if someone else manages the business.
Enterpernure The founder made a counter-offer to both sharks of $150,000 with an 17.5 percent stake.
Blake Mycoskie #2: In response to the counter-offering of $150K to 17.5 percent equity of the founder, Mycoskie declared that this was an excellent deal for him.
Enterpernure The founder offered another counter offer, which was $200K in exchange for 20 percent equity.
Blake Mycoskie #3: Mycoskie said that this offer of $200k in exchange for equity of 25% was his final deal and He would not alter it.
Finally, Carson agreed to Mycoskie’s offer of $150k in exchange for 17.5 percent equity.
What Happened To Touch Up Cup After Shark Tank?
Shark Tank is a show which aims to realize the goals of American Enterpernure. Based on its business concept that it provides funds to entrepreneurs. After starring in Shark Tank, Jason Grill said in an interview with Cincinnati Business Courier Newspaper that the sales of the Touch Up Cup was $2 million by 2021.
The company has signed an exclusive label collaboration together with Frog Tape. In accordance with the private label agreement Touch Up Cup is manufactured under the brand name Frog Tape. The father and son starred on a variety of TV shows to discuss their experiences and journey on Shark Tank.Carson began the business at 15 years old, which is an enormous motivation, which is why the major news networks covered them.
In the course of the show the actor has an amount of $50,000. This was just one night’s revenue. Prior to 2021, he made revenues of $1 million. They estimate that they will bring in $3 million in sales by 2022. The company has also announced a variety of new products.
Following this achievement, founder Carson purchased his first automobile. Jason states that when he attends college Jason will attempt to boost the company’s revenue to $5 million.