Paint Brush Cover, the paint brushand roller protector cover was started by John DePaola, Sal DePaola, and Anthony DePaola in 2012. As of August 2023, Paint Brush Cover net worth is $5 million. And they’re pulling in a whopping $5 million in revenue every year to back it up.
In April 2014, they appeared on Season 5 of Shark Tank USA. And made a deal with Lori Greiner for $200,000 for 20% of equity. The final valuation was $1 million, higher from the founder’s initial estimate of $500,000.
In August 2023, Paint Brush Cover is still in business. If you want to buy a plastic cover to prevent your paint brushes from drying, visit their company website.
Paint Brush Cover Net Worth Timeline
|Net Worth 2023||$5 Million|
|Net Worth 2022||4 Million|
|Net worth 2014 after appearing on Shark Tank||$1 Million|
|Net worth 2014 before appearing on Shark Tank||$500,000|
Paint Brush Cover Pitch on Shark Tank
|Company name||Paint Brush Cover|
|Product||plastic cover for preventing paint brushes from drying out for up to weeks|
|Episode||Season 05 Episode 22|
|Founders||John DePaola, Sal DePaola, and Anthony DePaola|
|Asked for||$50,000 for 10% Equity|
|Final deal||$200,000 in exchange for 20% equity|
|Location||Jackson, New Jersey|
Paint Brush Cover Founders
Paint Brush Cover was founded by John DePaola, Sal DePaola, and Anthony DePaola in 2012. John DePaola, Sal DePaola, and Anthony DePaola are from New Jersey. John and Sal are brothers and Antonany the other co-founder is a friend of them. These trio have ample experience in painting and their experience guided them to innovate this product. Paint Brush Cover’s founders, John DePaola, Sal DePaola, and Anthony DePaola, have a net worth of $4 million as of 2023.
|2014||Appeared on Shark Tank Season 5 and Lori Greiner invested $200,000 in exchange for 20% equity, which was higher than the estimated value.|
|2015||Within short time after appearing on Shark tank they opened 14,000 stores and had amassed over $2.5 million in sales.|
|2015||They made deals with Home Depot, Ace Hardware, True Value and Sherwin-Williams. And also, they further included Roller Cover into their product list.|
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Paint Brush Cover and its continued success.