Touch Up Cup is a paint storage container that can hold up leftover paint for an additional convenient touch-up. This extraordinary product is claimed to keep your paint safe for about ten years, solving all your paint storage problems.
The Touch Up Cup is basically a polypropylene cup that can hold up paint. It also has a stainless-steel spring that eliminates any chances of rusting and clumps. The airtight cup features an integrated blending sphere that allows you to mix speedily while shaking up the paint for use.
The paint storage container is capable of holding up to thirteen ounces of paint and can make your painting process more convenient than ever.
Touch Up Cup Net Worth
The net worth of Touch Up Cup is estimated to be more than $1 million.
Touch Up Cup’s Founders
The founders of Touch Up Cup are Jason Grill and his son, Carson Grill. Carson Grill, a teenager, is the inventor of the paint storage container while his father was the one who developed Touch Up Cup. They both currently serve as co-chief executive officers at the firm.
Carson Grill came up with the design of the Touch Up Cup when he was thirteen years old. He observed the difficulties inherent in touch-ups, which included the paint storage containers getting rusted and the paint losing its freshness.
He thought hard about a way to streamline and simplify the process of touch-ups. After discussing his thoughts, Carson Grill and his father developed the design for the product. After founding the firm, Carson Grill started managing the majority of the firm, while his father handled the patents and negotiations with manufacturers.
Touch Up Cup During Shark Tank
Carson Grill and his father, Jason Grill, entered Shark Tank seeking $150,000 in exchange for a 10% stake in Touch Up Cup. This showed that the father-son duo valued their business at $1.5 million. They were also hoping to get a deal with a Shark who would help them in the manufacturing and distribution of the product.
As the duo narrated how they came up with the concept of the firm and how they have been performing, the Sharks really liked Carson Grill’s ability to come up with and develop a design for the product.
One of the Sharks, Blake, showed great interest in the firm, offering $200,000 in exchange for a 25% stake in the firm. Daymond John also offered a deal: $200,000 in exchange for a 17.5% stake in the business. He then revised his offer to $150,000 in exchange for a 20% equity. Blake also revised his offer to $150,000 in exchange for a 17.5% stake in the company, which was accepted by Carson and Jason Grill.
What Happened to Touch Up Cup After Shark Tank Deal?
After the deal at Shark Tank with Blake, Touch Up Cup was able to manufacture and distribute its products at various outlets across the United States of America. Some of the outlets are Walmart, Lowes, Amazon, and Home Depot. Sales were estimated to be around $2 million in 2021.