Shark Tank US | Father and Son Duo Pitch Their 'Touch Up Cup'

first into the tank is an innovative storage solution for a common household product hi sharks my name is carson grimm and i'm jason grill we're from cincinnati ohio and i am the proud dad to this ceo right here we are here today seeking 150 000 in exchange for 10 equity of our company sharks just a few years back carson and i were doing some touch-up paint around the house with three kids fingerprints all over the walls believe me there's always touch up to be done being a former marine carson knows i like to run a tight ship the question to you sharks is does your paint closet look anything like this if so you have half a dozen gallon cans with just this much paint we went to open just a few cans and oh the rust clumps and smell we looked at each other and said there has to be a better way so that's why i invented the patented touch-up cut for paint the most innovative solution to all of your paint storage problems it even has a stainless steel blending sphere for easy mixing just shake and paint baby [Applause] say goodbye to rusting clumps forever touch-up cup has extra threads and an airtight silicone seal to keep paint fresh for over 10 years we sell a three pack and an individual so whether you need a lot or just a little we've got you covered but wait there's more there is we're already in 4 000 locations [Music] stop in there sharks we'll keep going until touch-up cup is in every home store and workshop around the world so sharks who wants to come shake and paint with us sharks in front of you are your very own touch-up cups to try out for yourselves how old are you again i'm 15. wow that's great that's awesome do you have a patent on this or yeah so we have a uh utility patent on the use of the shape of the cup and the use an application or an actual patent actual pet wow so who is running the business and you said you're in 4 000 locations tell us about that too so we're both running the business right now we both have day jobs i'm in school i'm going to be a freshman in high school and my dad works in medical sales we have a private label partnership with one of the most recognizable brands in painters tape today and they are presenting us to their 55 000 worldwide locations they have already gotten us into 250 meijer locations across the midwest and we are in all eight distribution centers of one of the largest hardware co-op locations in the world and our private label partner is getting us into 2000 locations and it's important to note that we don't have an exclusive with this partner and they're paying you a royalty on unit sales no it's a private label so we are the manufacturing for them yeah so we do have a strategic partnership in nashville tennessee that does all of our uh picking and packing all of our edi order entry and they do whereabouts [Applause] we're about 70 online and 30 in retail right now about our sales we have sold 220 000 in sales over the last two years with 150 000 of that being over the last year and a half and 70 000 of that being this year we got another shipment and we are on track to do four hundred thousand dollars in sales this year that's excellent the three pack cost you how much land 1. 99 including packaging yes so 199 landed the individual cup costs 90 cents landed okay anybody's selling them for the individual cup we wholesale for 1.

89 and retail for 3. 99 to 4. 99 and the three pack we wholesale for 4.

25 and retail anywhere from 9. 99 to 12. 99 normally on shark tank when you bring in your son usually the father gives the pitch and the son does a little demo and then off they go because things are gonna get tough in the tank so far carson's doing all the talking you're not saying anything you know what i have all faith in him we run this business 50 50.

he knows what he's doing i've gone to trade shows with my dad i've gone to buyer meetings with my dad one buyer we both walk in she looks me dead in the eye and says oh you brought your kid he can sit in the hallway i guess and i said oh no so that's when we pulled up a chair out of the hallway and i led the meeting no he went out he grabbed the knife he pulled it in he's being modest we he has four patents okay a utility patent wow and the touch-up cup and this design patents on the muffin bagel and donut fresh hold on you're 15 years old and you have four patents yes these are three of my newest products the muffin bagel and donut fresh they are absolutely a part of the steal they are ergonomically designed to keep muffins bagels and donuts fresh for three to four days longer than conventional packaging so you're throwing that in yes you're not selling those yet well it's about five percent of our sales carson this is super impressive how much do you know your stuff like i learned the words purchase order private label you know distribution around 27.