The innovative paint storage solution, Touch Up Cup, has captured significant market attention and amassed a net worth of $3 million as of January 2024.
Table of Contents
What is Touch Up Cup?
Touch Up Cup is a unique, airtight container designed to store paint effectively for up to 10 years, eliminating common issues like rust and clumping. Its “Shake n’ Paint” feature offers a convenient solution for quick touch-ups.
Touch Up Cup Net Worth
With its rising popularity, Touch Up Cup’s net worth has soared to $3 million, showcasing its success in the home improvement market.
Founders’ Background
Founded by the father-son duo Carson and Jason Grill from Cincinnati, Ohio, Touch Up Cup is the product of their shared entrepreneurial spirit. Carson, a high school student, brought fresh ideas, while Jason, a medical salesman, contributed his marketing expertise.
Founding Touch Up Cup
Carson was inspired to create Touch Up Cup during a painting project with his father. Frustrated by inefficient paint storage options, they developed this innovative solution.
Touch Up Cup Financials
Since its inception, Touch Up Cup has shown impressive financial growth. As of 2021, it projected a revenue of $2 million, reflecting its increasing popularity and market demand.
The Vision
The Grills aimed to transform paint storage with a convenient, efficient, and long-lasting solution. Their vision was to simplify touch-up painting and reduce paint waste.
Shark Tank Pitch
In 2020, Carson and Jason Grill appeared on Shark Tank, seeking $150,000 for a 10% stake. Their pitch, led by 13-year-old Carson, impressed the Sharks, especially investor Blake Mycoskie, who offered $150,000 for a 17.5% stake.
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After Shark Tank
Post-Shark Tank, Touch Up Cup experienced a sales surge, with over 5,000 orders following their appearance. They expanded their product line and secured listings in major retailers and online platforms like Amazon, Walmart, and Home Depot.
Solving a Common Problem
Touch Up Cup addresses the issue of paint storage degradation, providing a practical solution for homeowners and DIY enthusiasts.
Revenue Forecast
Building on their Shark Tank success, Touch Up Cup forecasted a revenue increase from $1.5 million in 2020 to $2 million in 2021.
Current Availability
Touch Up Cup products are widely available at major retailers like Lowe’s, Meijer, Walmart, and Theisen’s, and online on Amazon.
Conclusion
Touch Up Cup’s innovative approach to paint storage has made it a household name in the DIY and home improvement market, promising continued growth and success.
FAQs about Touch Up Cup
- How does Touch Up Cup preserve paint?
- It uses an airtight seal to keep paint fresh for up to 10 years, preventing rust and clumping.
- What inspired the creation of Touch Up Cup?
- Carson Grill was inspired by the inconvenience of traditional paint storage during a project with his father.
- What was Touch Up Cup’s revenue in 2020?
- Touch Up Cup generated $1.5 million in revenue in 2020.
- How has Touch Up Cup expanded its product line?
- The company now offers containers for bagels, muffins, and donuts, catering to diverse storage needs.
- What makes Touch Up Cup unique in the market?
- Its ability to store paint conveniently and efficiently for long periods, coupled with its ease of use and quality preservation, sets it apart in the home improvement industry.
