Everyone loves artistic designs and painting. In essence, artistic murals have become a powerful business marketing tooling in this era. Seeing an opportunity in this space, Emily Strauss was inspired to seize it. She founded Design Team NYC, which would bring together designers, artists, painters, muralists, and construction and installation professionals.
The company’s mission was to create uniqueness around the interior and exterior design, from home to murals. Later, the company changes its name to Mural painters. The company has been growing and expanding.
To grow the company, Emily decided to pitch the Shark Tank to try if they would accept to invest in her business. she was seeking $300,000 for a 15% stake in Mural Painters. Did the Sharks accept the offer, or did she leave without a deal? Keep reading for updates on Mural painters after Shark Tank and its status in 2022.
Mural Painters Overview in Shark Tank
|Company Name||Mural Painters|
|Episode||Season 11 Episode 20|
|Product Offering||Backpack and vest combination to help distribute weight throughout the body evenly.|
|Required Investment||$300,000 For a 15% stake in Mural Painters|
|Closing Deal||$100,000 in cash plus a $200,000 line of credit for 15% Equity in Murals Painters.|
|Current Business Status||In Business|
What are Mural Painters?
Mural Painters Inc. is a company focusing development of outstanding public art. The firm offers faux finishes, murals, signage, office arts, and outdoor advertising for small and large enterprises.
The firm consists of professional designers and painters that help them accomplish their objectives. Its main clients are small and medium businesses.
How Do Mural Painters Work?
Mural Painters work with talented artists who help them create hand-painted artwork for various businesses. The agency creates building murals, billboards, and other paints. It also enhances the relationship between artists and businesses. It offers custom signage and hand-painted murals service that connect artists with clients. Emily’s goal is always to deliver exceptional results.
Who Founded Mural Painters?
Mural Painters was the brainchild of Emily Strauss. She launched the company under the name Design Team NYC. Emily holds a Bachelor’s degree in Fine Arts from the Fashion Institute of Technology. She operates a fashion line dubbed Vandalize Apparel that offers hand-painted clothing. Emily founded this line before launching Mural Painters.
Emily stands out as one of the ranking entrepreneurs, with perseverance being one of her characters. She dropped out of high school due to Lyme Disease since she could not paint.
However, the condition did not make her give up the person. After fighting the condition and getting the right treatment, she returned to school and earned a GED certificate. Emily then joined an art college to pursue her passion for painting.
Her inspiration for founding Mural Painter Inc. was an inspiration from the renaissance murals that she saw in different cities. She shows an opportunity to become an artistic entrepreneur. Emily noted that big mural companies did not take projects from small and medium businesses.
Emily rose to the opportunity. Her goal was to focus on the neglected small and medium assignments that many mural firms had ignored. Emily achieves her objectives by partnering with designers, painters, and managers to complete the assigned tasks.
Mural Painters Business before Shark Tank
Emily launched her firm in New York City. She majored in small and medium-sized clients who the large murals enterprises were reluctant to pursue. Mural Painters uses a simple three-step approach.
The first step is receiving the design. The second step is to create a design and strategy. And the last thing is painting. They also engage artists and project managers to help them with the decoration part and finish the assignments.
Emily was seeking to expand its operation across various American cities. This aspect inspired her to feature Mural Painter in the Shark Tanks.
Mural Painters During Shark Tank Pitch
Emily appeared in Episode 20 in the Shark Tank Season 11. She was seeking funding of $300,000 in exchange for a 15% stake at Mural Painters Inc. she stated that the company had a valuation of $2 million.
She explained to the Sharks the background of her business and its mission. Emily said she came to Shark Tank because she wanted someone to help her financially and network with potential clients. Also, she disclosed that the company makes a 40 -50% profit after paying the artists.
The sharks listened and believed it was a good idea. However, some termed it as dangerous. Mark was the first to drop, stating that the business has zero growth chances. He said that Mural Painters was a great business idea. However, scaling it was a big challenge that he was not ready to take up. So, he was out.
Daymond was of the opinion that the company will likely experience high rates of artist turn offer. He also noted that he had got burned many times by artists and was not ready to undergo the same route this time. He was out. Lori thought the business was not fit for her, and she was out too.
Only Kevin O’Leary and Barbara Corcoran showed interest in partnering with Mural painters. Kevin went first and offered $300,000 in exchange for a 35% stake in Mural Painter. He thinks the business is worth it and likely to generate good returns.
Barbara could not let the dust settle. She countered Kevin’s offer by offering an equivalent amount in exchange for a lower stake in the company. Barbara offered $300,000 ($100, 000 in cash and $200,000 as a credit line) for 15% stake. She also suggested that Emily should take up the role of running the sales line and maximize creativity instead of serving in the administrative position.
The ball now was in Emily’s court. After weighing the offers, Emily viewed Barbara’s offer as the best option. She termed her as the best partner to help Mural Painters move to the next level. She agreed to have a deal with Barbara and declined Kevin’s offer.
Mural Painters Closing Deal in Shark Tank
Mural Painters left with a $300,000 deal for 15% equity. Barbara agreed to fund the business by investing $100,000 and $200,000 as credit. She also promised to help Emily access clients.
Mural Painters After Shark Tank
Mural Painters left with a deal from the Shark Tank pitch. Barbara agreed to invest in the company. However, their deal did not go through. Despite this, appearing on the show was a crucial step that enhanced their exposure. The opportunity brought it to the limelight, where it attracted different notable brands.
Since then, the company has done murals for notable brands such as Netflix, Microsoft, Amazon, Etsy, Facebook, and Lyt customers. It has since expanded to various cities in the US. Today, it has Florida, Los Angeles, and New York offices. The company moved on without the investment from the sharks.
Current Update: Is Mural Painters Still In Business?
Mural Painters is still in business. It has expanded to other cities in America. However, it suffered some hiccups during the Covid-19. Despite this aspect, Emily moved on to open a new office in Florida. Her perseverance aspect has been a critical aspect of her journey.
Currently, it makes a revenue of up to $1 million per year. The company is still progressing and expanding to other cities in the United States.
FAQs about Mural Painters
Which year was Mural Painters founded?
Emily founded Mural Painters in 2009.
Is Mural Painters the same as Design Team NYC
Yes. Mural Painters initial name was Design Team NYC. When it started to grow and expand, Emily changed the name to make it a continental brand.
How much do Mural Painters make as a profit?
According to Emily, Mural Painters makes a profit of between 40-50% after paying the contracted artists and project managers.
How do Mural Painters help you?
Mural Painters is a mural painting company that serves small and medium-sized businesses. Emily founded the company in 2009 after noticing a gap in the market.
How much was Emily seeking as funding from Shark Tank?
Emily appeared on Shark Tank and requested funding of $300,000 in exchange for 15% equity in Mural Painters Inc.
What was Mural Painters net worth before featuring on Shark Tank?
The Murals Painters net worth before appearing on the Shark Tank was estimated to be $2 million (business valuation).
Which Sharks declined Mural Painters offer?
Mark Cuban and Lori declined to partner with Emily. They termed the Mural Painters business as dangerous and saw no opportunity of its success.
How much did Kevin O’Leary offer to Emily?
Kevin offered to invest $300,000 for a 35% stake in Mural Painters. However, Emily opted for Barbara’s offer.
What is the current net worth of Mural Painters?
Mural Painters net worth as of August 2022 was estimated to be $750,000.
What is Emily Strauss’s net worth?
Emily Strauss is worth $900,000 as of August 2022.