Wall Rx is the creation of forensic pathologist, Dr Jim Lewis. He steps into the Shark Tank to pitch his wall patch repair kit that fills holes with no tools, no skills and no mess.
Wall Rx is a drywall patch kit that uses no tools and no mess
The kit includes a disc that goes over the hole, and then the a tape type material with patch material goes over the hole. He has sold 80,000 units for $600,000 in sales with projections between a half million to a million units.
The largest retailer on earth wants Wall RX which sells between $6.99 and $9.99. They are going to take the money and buy the machinery to service the accounts, but the catch is he has two jobs. His forensic pathologist job and his Wall RX business.
Company: Wall RX
Entrepreneur: Dr. Jim Lewis
Ask: $150k for 10% equity
Companies on this episode: Bounce BootCamp, Eyebloc, and GrooveBook
Season: Season 5 Episode 13
Sharks: Mark Cuban, Daymond John, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 01/10/2014
Deal: Robert Herjavec $150,000 for no equity but International rights to his product.
What do the Shark Tank Investors say about Wall RX
Mark Cuban tells him he is the entrepreneurs advocate and he is going to go out, but he will answer any questions.
Daymond John offers $300,000 for a 15% stake and he licenses it to a company to handle manufacturing and distribution.
Kevin O'Leary offers $150,000 for 15% with the contingency to license it to a company that manufacturers and distributes it. He asks him do you want to be filthy rich?
Lori Greiner offers $300,000 for 20% equity and they take it to QVC and an infomercial spot that will make the brand in lightning speed.
Robert Herjavec makes an interesting offer for $150,000 no equity and he gets exclusive rights for the international right to sell it to the rest of the world.
Dr Jim Lewis is trying to get Robert Herjavec and Lori Greiner to work together, but Lori tells Jim that she cannot do it. Robert hesitates saying he doesn't want to be his cousin, but then says he will take the deal.
Wall RX after Shark Tank?
Not so fast to Lori Greiner being out of the deal. Turns out that they put a deal together after the show, and Wall Rx is available in all the usual locations, including Amazon. You can buy it now.