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Pet Paint Shark Tank Update

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For all the people who are looking to bring some swagger to their wagger, Pet Paint is the product. Pet Paint is a non-toxic, veterinarian-tested hairspray for dogs. The product is created in such a way that it works just the way human hairspray works.

Pet Paint comes with stencil kits to put patterns on the pet dogs. Pet Paint can easily be removed from the body. PetPaint is used to dress up dogs effortlessly.

Pet Paint at a Glance:-

IdeaPet Safe Colour and hand spray for dogs
FoundersAbe Geary
Asked For$200,000 For 20%
Accepted DealNo deal
SharksNo Sharks
Business statusIn Business
Episode No.Season 5, Episode 8
WebsitePet Paint
Buy on AmazonBuy Now!

Index:

Who are the founders of Pet Paint?

Abe Geary is the founder and CEO of Pet Paint. From 1995 to 2000, he attended Moorpark College and graduated with a major in marketing. He learned entrepreneurship by working in Morton Karr’s new development department.  

He is also the owner of a trade fair exhibit named Creative Displays. He wanted to create a product for his dog and other pet dogs that could be used to include them easily on occasions and festivals with the family, and that’s when he founded Pet Paint.

Did Pet Paint get a deal on the Shark Tank?

Pet Paint founder came to the shark tank seeking an investment of $200,000 in exchange for a 20% equity in the business. Abe Grey brought some dogs painted with pet paint and a bulldog painted as Mark Cuban’s basketball team marks. Abe shares that he had invested $240,000 in a business and has taken the taste of toxicity and irritation in his favor.

https://www.youtube.com/watch?v=-Rzl4kQm6HE

Still, the patent rights are not in his hands. Abe, in the first few months of his business, made sales of $70,000 and received some orders, all of which Abe is forecasting to touch $200,000 in sales by the forecast’s end. Barbara asked about the market and retail sales, after which she said it’s a holiday product, not a necessity, and went out. Kevin O’Leary gave an example of another brand and said it’s not a proprietary product and left it out. Abe shared he already had a $200,000 inventory and Lori Greiner targeted the same point and went out. Mark Cuban suggested he market his product through a social media platform and it came out.

Robert Herjavec also agreed with Mark’s point of online retail, to which Barbara Corcoran jumped in and gave an offer of $200,000 in exchange for him 60% of his business, with the addition that she wanted him to move aside and she’d handle the market. Robert Herjavec also goes out after hearing Barbara’s offer. Abe shared I wanted this deal, but, I don’t want to do it with a partner who is just trying to grab the equity and turned down the offer. No deal was made on the show and the pitch was closed.

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What happened to Pet Paint after Shark Tank?

After the show, even after getting no deal from the shark, Abe didn’t lose his confidence about what he was doing. Abe took the sharks’ statement very positively and took their words as his tools to achieve success. After the show, he turned to the Internet to run his business and make Pet Paint the biggest brand. Even though it’s a niche product, Pet Paint is used for parades and animal rescues. It is also used to inspire visitors so they adopt a pet.

During the pitch, Abe asked for a valuation of $1,000,000 and Barbara gave an offer that would value the company at $333,333.33 but, it was rejected by Abe Grey. After the show, Abe proved himself right against the sharks. Pet Paint is now used to spray to devote which animal is spayed or neutered. It also carries Savorski Crystals to glue onto dogs for bling.

Today, Pet Paint is available at PetSmart, its website, and online stores, which generates revenue for the business. Pet paint cans retail for $9.99 and $10 per unit. After the show, Abe did a fantastic job. He reached the stores, took complete advantage of the internet, and painted his Pet Paint future colorful. Abe had also made him featured in the Beyond the Tank episode.

Competitors of Pet Paint:

These are the alternatives to Pet Paint-

  • Matter Mark
  • Petroleum
  • Neobux
  • AIMIA

What is the net worth of Pet Paint?

The valuation of Pet Paint on the show was $1,000,000 and Barbara gave an offer at the valuation of $333,333.33, which was not accepted by Abe. The estimated net worth of Pet Paint is $ 5 million.

Is Pet Paint still in business?

As of 2022, Pet Paint is still in business and doing great in the market. Abe’s success must have made all sharks feel regret. Abe is on the path to success, which he is painting beautifully. Products of Pet Paint are available nationwide.

Pet Paint social links:

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FAQs:

What is Pet Paint?

Pet Paint is a non-toxic, veterinarian-tested hairspray for dogs. The product is created in such a way that it works just the way human hairspray works.

Who founded Pet Paint?

Abe Geary is the founder and CEO of Pet Paint. From 1995 to 2000, he attended Moorpark College and graduated with a major in marketing. He learned entrepreneurship by working in Morton Karr’s new development department.

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