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1
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15 years, five chairs,
2
00:00:04,560 --> 00:00:08,160
a lift and some stairs, 18 Dragons.
3
00:00:08,160 --> 00:00:10,520
CHEERING
4
00:00:08,160 --> 00:00:10,520
I'm going to make you an offer.
5
00:00:10,520 --> 00:00:13,080
It's all right them making you
offers, but I'm the only one that
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00:00:13,080 --> 00:00:14,600
can make this an overnight success.
7
00:00:14,600 --> 00:00:17,240
£22 million pledged.
8
00:00:17,240 --> 00:00:19,680
Thank you so...much!
9
00:00:19,680 --> 00:00:22,400
We've trawled our vaults
to bring you our favourite clips
10
00:00:22,400 --> 00:00:24,080
from the past...
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00:00:24,080 --> 00:00:26,040
You would make my foot itch, mate.
12
00:00:26,040 --> 00:00:29,280
..and present...
Howay! Shut it. Listen.
13
00:00:29,280 --> 00:00:32,040
..and pick some of the most
memorable classic pitches
14
00:00:32,040 --> 00:00:33,680
to show you in full.
15
00:00:33,680 --> 00:00:36,240
Historic losses last year!
Stop shouting.
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00:00:36,240 --> 00:00:39,000
Have you ever met someone who's got
that ambition that he wants
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00:00:39,000 --> 00:00:40,960
to be free from life
and be a billionaire?
18
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What?!
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00:00:42,040 --> 00:00:44,120
The big sales... Thank you!
20
00:00:44,120 --> 00:00:46,640
..and the total fails.
Did you come in here looking
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00:00:46,640 --> 00:00:47,720
for a fight?
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00:00:47,720 --> 00:00:50,040
Tonight...
We present to you...
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..the pork scratching.
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..it's all about passion...
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There's a lot to it, Peter?
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Just calm down a bit.
..and pressure.
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00:00:57,040 --> 00:00:59,280
If you don't get investment,
you're going to go bust.
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00:00:59,280 --> 00:01:01,200
The entrepreneurs who gave
it their all...
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00:01:01,200 --> 00:01:02,560
Come on!
30
00:01:02,560 --> 00:01:04,320
..and the ones who found it
all too much.
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I am so sorry, but I am
going to pass out.
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00:01:06,520 --> 00:01:08,520
Are you kidding me?
Is this actually happening?
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00:01:08,520 --> 00:01:10,320
Sorry, please, can I start again?
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00:01:10,320 --> 00:01:13,320
It's only the best ever
pitches seen on Dragons' Den.
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Yes! Brilliant.
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00:01:15,560 --> 00:01:18,240
This little piggy has gone
to market.
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The Den is synonymous with two
things -
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passion...
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It's my everything.
It's my baby.
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..and pressure.
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This is tough, isn't it?
Sorry.
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00:01:58,760 --> 00:02:01,760
Entrepreneurs throw everything
they've got into their business,
43
00:02:01,760 --> 00:02:05,600
then bring it to the Den where it
can all be pulled to pieces.
44
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Absolutely bricking it.
45
00:02:07,360 --> 00:02:11,160
You know when you've got passion
for something, it involves emotion.
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Some blow their chance... I've not
come here, I've not prepared,
47
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I've not done the evidence, I've not
done the research to come here
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00:02:17,120 --> 00:02:19,640
and be shot down on information
from day one.
49
00:02:19,640 --> 00:02:22,440
..while others blossom like roses.
50
00:02:22,440 --> 00:02:24,600
I think you pitched very, very well.
51
00:02:24,600 --> 00:02:28,280
Probably one of the best
pitches I've seen in the Den.
52
00:02:30,160 --> 00:02:33,800
Two entrepreneurs who are absolutely
fizzing with enthusiasm...
53
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Oh, my gosh!
54
00:02:36,480 --> 00:02:39,680
.were Danielle Barnett
and David Holmes...
55
00:02:39,680 --> 00:02:41,440
Hello, Dragons.
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00:02:41,440 --> 00:02:44,200
It is an absolute
pleasure to meet you.
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00:02:44,200 --> 00:02:47,920
..with a fibre-optic guitar
lead thingy.
58
00:02:47,920 --> 00:02:50,520
What do you like to try?
Go for it.
59
00:02:50,520 --> 00:02:53,200
I don't play guitar at all, but I'm
going to be the... OK.
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00:02:53,200 --> 00:02:55,200
Thanks for volunteering, Touker!
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00:02:55,200 --> 00:02:58,080
Now, whatever you do, try
not to be shy.
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00:03:01,240 --> 00:03:04,640
PLAYS LOUD RIFF
63
00:03:06,360 --> 00:03:08,200
Don't go crazy, girls!
64
00:03:10,160 --> 00:03:12,080
Woohoo!
65
00:03:12,080 --> 00:03:13,920
Fantastic! Born rock star.
66
00:03:13,920 --> 00:03:16,120
It looked like Touker wasn't the
only one
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00:03:16,120 --> 00:03:18,240
with natural musical talent.
68
00:03:18,240 --> 00:03:19,640
I'm the lead singer.
69
00:03:19,640 --> 00:03:23,760
I have been for 16 years, for a song
that was number one in 1993, called
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00:03:23,760 --> 00:03:26,120
The Key The Secret,
Urban Cookie Collective.
71
00:03:26,120 --> 00:03:27,600
So... How does it go?
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00:03:27,600 --> 00:03:28,840
# I got the key
73
00:03:28,840 --> 00:03:32,040
# I got the secret... #
Wow! Do you remember that?
74
00:03:32,040 --> 00:03:33,680
What a tune!
75
00:03:33,680 --> 00:03:36,640
But when this pair came clean
about their lack of product,
76
00:03:36,640 --> 00:03:39,200
it all went a bit Pete Tong.
77
00:03:39,200 --> 00:03:41,720
We've had two working prototypes.
78
00:03:41,720 --> 00:03:44,520
If it gets lost, if it gets broken,
we're down to one.
79
00:03:44,520 --> 00:03:45,920
We haven't had the money.
80
00:03:45,920 --> 00:03:48,880
We've just had the passion
and the belief.
81
00:03:48,880 --> 00:03:52,240
It strikes me that the single most
useful bit of marketing
82
00:03:52,240 --> 00:03:55,280
that you could do is to get
this cable into the hands of the top
83
00:03:55,280 --> 00:03:56,920
guitarists in the world.
84
00:03:56,920 --> 00:04:00,360
We've used our prototypes to get
it into the hands of... You know,
85
00:04:00,360 --> 00:04:03,200
Coldplay have used our prototype
on their new album.
86
00:04:03,200 --> 00:04:05,440
But you've only got two.
87
00:04:05,440 --> 00:04:07,960
We've got just two.
I know, it's ironic.
88
00:04:07,960 --> 00:04:11,720
Then, for God's sake, make 100
of them and get more prototypes
89
00:04:11,720 --> 00:04:13,680
in the hands of more people.
90
00:04:13,680 --> 00:04:16,720
Now, it also strikes me
that you're probably in a better
91
00:04:16,720 --> 00:04:20,720
position to do that than I am...
Yeah.
92
00:04:20,720 --> 00:04:22,080
..so I'm out.
93
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Three more Dragons followed suit,
leaving just retail and guitar hero
94
00:04:29,800 --> 00:04:31,120
Touker Suleyman.
95
00:04:31,120 --> 00:04:35,440
Am I the last one? You're the last
Dragon. I'm the last Dragon?
96
00:04:35,440 --> 00:04:39,000
Oh, you've got so much energy,
so much enthusiasm.
97
00:04:40,440 --> 00:04:42,000
I tell you what. Um...
98
00:04:43,680 --> 00:04:46,400
..I'm very willing to make
you an offer.
99
00:04:47,560 --> 00:04:49,320
Bless your heart, Touker.
100
00:04:49,320 --> 00:04:52,440
I will give you the 70,000...
101
00:04:53,720 --> 00:04:55,600
..for 35% of the business.
102
00:04:56,920 --> 00:04:58,800
Do you know what?
103
00:04:58,800 --> 00:05:01,200
We'll do that. We'll do it.
We'll do that.
104
00:05:02,680 --> 00:05:04,800
Thank you so...much!
105
00:05:04,800 --> 00:05:06,800
OK. Thank you very much.
Well done.
106
00:05:06,800 --> 00:05:09,760
The entrepreneurs got the key...
107
00:05:10,920 --> 00:05:12,960
..and the secret to success.
108
00:05:12,960 --> 00:05:14,760
Wow!
109
00:05:14,760 --> 00:05:17,160
Bless Touker for giving us a chance,
110
00:05:17,160 --> 00:05:20,080
cos that's what we need,
is a chance. Yeah.
111
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Here we go.
112
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Here's a pair of confident young men
with plenty to say for themselves.
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00:05:27,840 --> 00:05:31,120
We have the value of being amazing,
so in everything that we do,
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00:05:31,120 --> 00:05:33,680
we try and make sure we're
the absolute best at it.
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00:05:33,680 --> 00:05:36,200
Going to tame you, going to tame
you, going to tame you,
116
00:05:36,200 --> 00:05:38,200
going to tame you,
going to tame you.
117
00:05:38,200 --> 00:05:41,240
A new take on a classic pub
snack was what Nick Coleman
118
00:05:41,240 --> 00:05:45,720
and Andrew Allen offered,
complete with a tasty pun.
119
00:05:45,720 --> 00:05:48,840
It's time for our PIG reveal.
We present to you...
120
00:05:48,840 --> 00:05:51,080
DRUM ROLL
121
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..the pork scratching.
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We set out two years ago to take
this little piggy
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to markets he's never been before.
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00:06:02,600 --> 00:06:06,280
There was an unfortunate bad taste
in the mouth of Sarah Willingham.
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Nick, Andy, you guys are
so backable, but pork scratchings
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make me gag,
so I'm really sorry,
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I can't. I'm not going to invest.
I'm out.
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The porky pair put Sarah's
taste buds to one side and didn't
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let the setback dent their optimism
about their forecasts.
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00:06:23,360 --> 00:06:30,040
We fully expect £6.9 million
turnover with a £630,000 net profit
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00:06:30,040 --> 00:06:32,120
within the next three years.
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We really believe in where this
product's going to go.
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Together, let's make the piggin'
magic happen.
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00:06:38,960 --> 00:06:42,160
Nick Jenkins had already taken one
very big piggy to market
135
00:06:42,160 --> 00:06:44,880
with his Moonpig greetings card
business,
136
00:06:44,880 --> 00:06:48,280
and once the chilli-flavoured
pork scratchings worked
137
00:06:48,280 --> 00:06:50,080
their powerful magic...
138
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Oh, my God! OK, OK, water!
139
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LAUGHTER
140
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..he saved the pair's bacon.
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Wow. OK, now, you know,
obviously I...
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HE CLEARS THROAT
143
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..have a natural preference
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for all things porcine.
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Look, I'm going to make you an
offer.
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00:07:04,680 --> 00:07:07,840
The Dragon added the business
to his PORK-folio.
147
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Do you see what I did? Brilliant.
148
00:07:09,400 --> 00:07:12,560
It's a deal. Yes! Yes!
149
00:07:12,560 --> 00:07:15,200
That's brilliant, thank you.
Yes!
150
00:07:15,200 --> 00:07:18,480
Two chuffed little piglets.
151
00:07:15,200 --> 00:07:18,480
LAUGHTER
152
00:07:18,480 --> 00:07:21,400
This little piggy has gone
to market.
153
00:07:21,400 --> 00:07:23,440
Wow. You do like pigs, don't you?
154
00:07:25,800 --> 00:07:28,920
Our next entrepreneur was a former
boxer who certainly
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showed his passion when he went ten
rounds with the Dragons.
156
00:07:32,040 --> 00:07:34,800
This is worth a watch from the first
bell to the last.
157
00:07:34,800 --> 00:07:37,280
Waiting ringside is Mr Evan Davis.
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00:07:39,960 --> 00:07:43,200
Personality can go a long way
to opening doors in business,
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but it can't guarantee success.
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Our next entrepreneur has plenty
of personality.
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He's former professional boxer
turned inventor Clay O'Shea.
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So, has he got the product
to make a great business?
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00:08:00,800 --> 00:08:02,680
Hi, Dragons.
164
00:08:02,680 --> 00:08:04,360
It's not real, I promise you.
165
00:08:10,480 --> 00:08:16,720
Hi, my name's Clay O'Shea, and I'm
here for a £50,000 investment
166
00:08:16,720 --> 00:08:20,240
for a 25% share
in my invention, Abspack.
167
00:08:22,400 --> 00:08:25,320
Now, Dragons, I don't come here...
I've not got the best business
168
00:08:25,320 --> 00:08:28,760
brain, but what I do feel is
that I'm a decent inventor
169
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and I've come up with a really
good idea.
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And with my beautiful idea
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and your beautiful brains,
I feel that
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there's no reason why Abspack
can't become the best bit of kit
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in the UK, maybe even the world.
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Abspack is simple. It's so simple,
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you wouldn't even know I've
got it on.
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So, look, here you have a normal
spine.
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This is quite impressive
coming from me, right?
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It's called a lumbar spine, that.
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It's the natural curve
in your spine.
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00:08:59,320 --> 00:09:02,000
Most sit-ups are done
with a flat back.
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That puts stress on your
lumbar spine,
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00:09:05,080 --> 00:09:09,120
degenerates your lower discs
and wears out your facet joints.
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00:09:09,120 --> 00:09:12,640
Abspack fits perfectly
into that curve.
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00:09:13,800 --> 00:09:16,880
So now I'm going to give you a
little demonstration on how not
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00:09:16,880 --> 00:09:18,480
to do sit-ups.
186
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How many times in the gym do
you see the old neck moving?
187
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That's not a sit-up.
That's a neck-up.
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"Agh, my back's gone!
My neck's gone!"
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So now, look at this.
190
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I'm om a perfect... I can
sit and watch TV like that.
191
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The only thing that's moving
on me now is my abs.
192
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There's loads of exercises that I've
made. There, it's just my abs.
193
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This here, my neck's
not moving, just my abs.
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No chance of any trouble.
195
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Now, once you do Abspack,
you'll never turn back.
196
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Please, help me.
197
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A passionate plea
ends this whirlwind pitch
198
00:09:52,320 --> 00:09:54,600
from North Londoner Clay O'Shea.
199
00:09:54,600 --> 00:09:58,480
He needs a £50,000 investment
in his portable muscle-building
200
00:09:58,480 --> 00:10:01,520
device and is offering
25% of his company.
201
00:10:02,640 --> 00:10:05,040
Theo Paphitis just looks bemused.
202
00:10:08,640 --> 00:10:11,560
OK, we all understand
now what it does.
203
00:10:12,720 --> 00:10:13,920
What do YOU do?
204
00:10:13,920 --> 00:10:15,440
Um...
205
00:10:15,440 --> 00:10:17,560
Well, I run a small gym
over in Notting Hill.
206
00:10:17,560 --> 00:10:19,480
Do you make a living out of the gym?
Yeah.
207
00:10:19,480 --> 00:10:22,880
I keep it small, I don't advertise.
With mine, you only get in if you
208
00:10:22,880 --> 00:10:25,960
know someone. You know,
like Fight Club.
209
00:10:25,960 --> 00:10:28,480
You don't talk about Fight Club.
210
00:10:25,960 --> 00:10:28,480
THEY LAUGH
211
00:10:28,480 --> 00:10:31,640
I've got a great life. No matter
what, I feel privileged, you know?
212
00:10:31,640 --> 00:10:34,360
Talk me through your history, Clay.
How old are you?
213
00:10:34,360 --> 00:10:35,640
45.
214
00:10:35,640 --> 00:10:38,000
What have you been doing for the
last 45 years?
215
00:10:38,000 --> 00:10:40,160
I used to be a professional fighter.
216
00:10:40,160 --> 00:10:41,680
I used to be a pro boxer.
217
00:10:41,680 --> 00:10:45,760
Till what age?
I retired quite early, about 29.
218
00:10:45,760 --> 00:10:48,240
I was managed by Mancini
and Mickey Duff.
219
00:10:49,400 --> 00:10:52,480
I was the second best boxer
in Great Britain.
220
00:10:52,480 --> 00:10:55,560
I had over 100 fights, and I came
second in every one.
221
00:10:55,560 --> 00:10:57,760
THEY LAUGH
222
00:11:01,720 --> 00:11:04,280
Charming the Dragons
is a good start,
223
00:11:04,280 --> 00:11:08,120
but now Duncan Bannatyne wants to
get down to business.
224
00:11:09,480 --> 00:11:12,080
What does it cost to make
an Abspack?
225
00:11:12,080 --> 00:11:13,560
£3.25.
226
00:11:13,560 --> 00:11:16,640
OK. What would you sell it for?
£19.99.
227
00:11:16,640 --> 00:11:19,440
Apart from the fact that you can
strap it on, and you've got
228
00:11:19,440 --> 00:11:20,680
it on all the time,
229
00:11:20,680 --> 00:11:24,080
what's the advantage to that as
against using a rolled-up towel?
230
00:11:26,280 --> 00:11:29,080
That's like between using
a skateboard and a car.
231
00:11:29,080 --> 00:11:31,640
If you're getting the towel, you've
got to roll it up,
232
00:11:31,640 --> 00:11:34,680
and the thing about a towel, after a
few sit-ups, it loses shape.
233
00:11:34,680 --> 00:11:38,240
This will never lose shape.
Can you pass it to me? Yeah.
234
00:11:40,920 --> 00:11:42,560
Fits all sizes.
235
00:11:42,560 --> 00:11:47,280
So, what's in it? Foam.
Foam? Foam rubber, yeah.
236
00:11:47,280 --> 00:11:49,040
What patents have you got?
237
00:11:51,640 --> 00:11:53,480
OK. There's no patent.
238
00:11:53,480 --> 00:11:54,960
All I've got is a trademark.
239
00:11:57,200 --> 00:12:00,840
Sort of kills it, really.
I don't agree.
240
00:12:00,840 --> 00:12:03,320
I know what you're going to say -
anybody can copy it, right?
241
00:12:03,320 --> 00:12:07,200
Yeah. But if you're telling me, if
anybody can copy it... Yeah.
242
00:12:07,200 --> 00:12:09,600
..you're saying to me
this is a decent product.
243
00:12:09,600 --> 00:12:10,920
That's the way I see it.
244
00:12:10,920 --> 00:12:13,640
Secondly, what are
you going to call it?
245
00:12:13,640 --> 00:12:16,720
Absbelt? That's already taken
by another company that's doing
246
00:12:16,720 --> 00:12:19,720
completely something different.
Ab Strengthener. Ab Str...?
247
00:12:19,720 --> 00:12:22,200
There's so many names
you could call it.
248
00:12:22,200 --> 00:12:24,000
Abspack!
249
00:12:24,000 --> 00:12:25,480
Come on!
250
00:12:28,880 --> 00:12:33,360
Clay's belief in his invention
is clear, but is it misguided?
251
00:12:33,360 --> 00:12:35,240
Deborah Meaden wants to know.
252
00:12:38,000 --> 00:12:42,720
Clay, when it boils down to it,
you have no protection on this,
253
00:12:42,720 --> 00:12:45,920
so the only thing
that you're really selling
254
00:12:45,920 --> 00:12:47,240
is the name.
255
00:12:49,480 --> 00:12:55,280
You're asking for an investor
to value this name at £200,000.
256
00:13:00,040 --> 00:13:01,560
It's a great name.
257
00:13:05,800 --> 00:13:08,800
Clay, I know you're hanging off
Abspack, OK,
258
00:13:08,800 --> 00:13:10,280
because you do love it,
259
00:13:10,280 --> 00:13:13,920
but honestly, Absbelt,
lots of different variants.
260
00:13:17,280 --> 00:13:19,880
I do think it's so easily copied,
261
00:13:19,880 --> 00:13:23,600
and I can't see how you could make
262
00:13:23,600 --> 00:13:24,960
a lot of money out of this.
263
00:13:24,960 --> 00:13:28,280
Can I tell you who I'm talking
to at the moment?
264
00:13:28,280 --> 00:13:31,800
I'm in early talks with the MOD,
for the Army boys.
265
00:13:32,880 --> 00:13:36,120
They have tonnes of stuff
flown out to them.
266
00:13:36,120 --> 00:13:37,880
Abspack goes on their kit.
267
00:13:39,600 --> 00:13:43,000
Tell you what, that in camouflage...
268
00:13:39,600 --> 00:13:43,000
HE EXHALES
269
00:13:43,000 --> 00:13:44,040
Mustard.
270
00:13:44,040 --> 00:13:45,760
Then...
271
00:13:45,760 --> 00:13:47,760
No. Hear me out.
272
00:13:47,760 --> 00:13:49,840
Army boys. You imagine it.
273
00:13:49,840 --> 00:13:51,680
They can get down any time.
274
00:13:51,680 --> 00:13:54,320
Clay, it's been a great experience.
275
00:13:54,320 --> 00:13:56,640
It's been good to meet you.
276
00:13:56,640 --> 00:13:58,240
So you're out, then, yeah?
277
00:13:59,320 --> 00:14:02,560
Unfortunately, I'm going to
have to say I'm out.
278
00:14:04,680 --> 00:14:09,360
It's the first taste of reality for
Clay as he loses his first Dragon,
279
00:14:09,360 --> 00:14:12,240
and it doesn't look like Theo
Paphitis is about to let him
280
00:14:12,240 --> 00:14:13,720
off the hook either.
281
00:14:16,760 --> 00:14:21,080
If this got on the shelves, I'd buy
one. As you say, just strap it on,
282
00:14:21,080 --> 00:14:24,160
no messing around,
not doing my neck in.
283
00:14:24,160 --> 00:14:25,960
It's probably good.
284
00:14:25,960 --> 00:14:29,560
The problem is,
how do you make money from it?
285
00:14:29,560 --> 00:14:31,680
Sell lots of them.
286
00:14:31,680 --> 00:14:34,680
I think that we can sell
20 million of them worldwide.
287
00:14:34,680 --> 00:14:38,200
Could we? And Reebok wouldn't want
to sell their version?
288
00:14:38,200 --> 00:14:41,040
Adidas wouldn't sell their version?
Nike sell their version?
289
00:14:41,040 --> 00:14:42,680
And call it what? The market...
290
00:14:42,680 --> 00:14:45,160
I don't have to tell you how big
the market is.
291
00:14:45,160 --> 00:14:47,920
Abspack's the original and the best.
292
00:14:47,920 --> 00:14:49,200
Abspack!
293
00:14:49,200 --> 00:14:51,120
Look, I hear what you're saying.
294
00:14:51,120 --> 00:14:54,200
Problem is, I don't think
you would sell enough
295
00:14:54,200 --> 00:14:57,240
of these to get my £50,000 back.
296
00:15:00,280 --> 00:15:03,240
And for that reason,
Clay, keep fighting,
297
00:15:03,240 --> 00:15:05,360
but unfortunately, I'm out.
298
00:15:07,880 --> 00:15:11,640
DEBORAH: Clay, you've done the
classic entrepreneurial thing,
299
00:15:11,640 --> 00:15:15,240
which is come up with a problem,
come up with a solution.
300
00:15:15,240 --> 00:15:17,640
So far, textbook. Brilliant.
301
00:15:17,640 --> 00:15:20,920
But it could be copied faster
than we could physically get
302
00:15:20,920 --> 00:15:22,480
it onto the shelves.
303
00:15:22,480 --> 00:15:24,440
So I won't be investing, I'm afraid.
304
00:15:24,440 --> 00:15:25,800
Thank you.
I'm out.
305
00:15:28,720 --> 00:15:33,040
Two more Dragons out, and Clay's
confidence is ebbing away.
306
00:15:33,040 --> 00:15:35,880
Duncan Bannatyne
knows this market well.
307
00:15:35,880 --> 00:15:39,280
Has he seen something
that his rivals have not?
308
00:15:39,280 --> 00:15:44,240
Clay, we sometimes sell things
like this in our health clubs,
309
00:15:44,240 --> 00:15:46,560
be it would be a £5.99 product.
310
00:15:46,560 --> 00:15:48,800
I mean, it's not a £19.99 product.
311
00:15:50,000 --> 00:15:52,480
But even if it was,
you can't protect it.
312
00:15:52,480 --> 00:15:56,000
You know, there's no way
you can protect it.
313
00:15:56,000 --> 00:15:59,280
So, for that reason... Don't you
think the market's big enough?
314
00:15:59,280 --> 00:16:01,240
No.
315
00:16:01,240 --> 00:16:04,440
So, reluctantly, Clay,
I'm sorry, but I'm out.
316
00:16:06,080 --> 00:16:08,040
Thanks for the opportunity.
317
00:16:10,760 --> 00:16:13,240
I think you've heard it all,
and I don't really think there's
318
00:16:13,240 --> 00:16:15,040
any point in reiterating it.
319
00:16:15,040 --> 00:16:17,600
There's just no investment
opportunity here.
320
00:16:19,720 --> 00:16:22,560
Yeah, I... I know, and I can see how
passionate you are...
321
00:16:22,560 --> 00:16:24,280
No, I appreciate... Listen, I...
322
00:16:24,280 --> 00:16:26,360
..but I've got to
be honest with you,
323
00:16:26,360 --> 00:16:28,440
I've got to tell you the truth,
324
00:16:28,440 --> 00:16:31,840
and I think you've just got to be a
bit more innovative and think
325
00:16:31,840 --> 00:16:35,640
of something else and then come
back next year.
326
00:16:35,640 --> 00:16:38,240
So I've got to say, I'm out.
327
00:16:38,240 --> 00:16:40,480
But good luck.
328
00:16:38,240 --> 00:16:40,480
CLAY SIGHS
329
00:16:40,480 --> 00:16:45,240
It's hard to take, but the cruel
reality of it is, I'm hearing you.
330
00:16:46,800 --> 00:16:49,840
I've got to take that on the chin.
Cheers. Thank you. Take care.
331
00:16:49,840 --> 00:16:52,280
God bless. Thanks.
It's been emotional.
332
00:16:56,520 --> 00:16:59,280
When it comes to Dens,
they don't come more serious
333
00:16:59,280 --> 00:17:00,600
than this one.
334
00:17:00,600 --> 00:17:02,960
I'd worry that it's all fur
coat and no knickers.
335
00:17:02,960 --> 00:17:05,760
Well, maybe not always,
but it is a place
336
00:17:05,760 --> 00:17:07,720
of life-changing decisions.
337
00:17:07,720 --> 00:17:09,480
I don't know what to do.
338
00:17:10,880 --> 00:17:12,560
In this charged environment,
339
00:17:12,560 --> 00:17:14,800
some entrepreneurs feel the heat...
340
00:17:14,800 --> 00:17:17,160
No pressure.
Yes, no pressure.
341
00:17:17,160 --> 00:17:19,160
..whilst others keep their cool.
342
00:17:19,160 --> 00:17:21,040
Just got to fake it till
you make it.
343
00:17:21,040 --> 00:17:23,240
Are you being serious?
I am not joking.
344
00:17:24,640 --> 00:17:27,480
One entrepreneur who seriously
kept his head when the pressure
345
00:17:27,480 --> 00:17:29,760
was applied was Damien Zannetou.
346
00:17:31,720 --> 00:17:36,120
Damien's concept was multifaceted,
to say the least.
347
00:17:36,120 --> 00:17:39,840
I've combined the hair and beauty
salon, spa and clinic experience
348
00:17:39,840 --> 00:17:43,280
all under one roof. I'm targeting
the premium end of the market,
349
00:17:43,280 --> 00:17:46,480
but it's positioned on the high
street, designed for those customers
350
00:17:46,480 --> 00:17:49,720
that want more treatments, less
time, with a high-fashion
351
00:17:49,720 --> 00:17:51,480
and a celebrity focus.
352
00:17:51,480 --> 00:17:53,440
And I'm sure you have plenty
of questions.
353
00:17:53,440 --> 00:17:55,280
Thank you.
354
00:17:55,280 --> 00:17:58,240
Peter Jones asked
a detailed question.
355
00:17:58,240 --> 00:18:01,320
What on earth is this business?
356
00:18:02,560 --> 00:18:04,880
As I said earlier,
it's a combination of the salon,
357
00:18:04,880 --> 00:18:06,640
spa, clinic experience.
358
00:18:06,640 --> 00:18:10,480
What's a salon, bar, clinic
experience? A beauty salon.
359
00:18:10,480 --> 00:18:13,240
So why wouldn't somebody just set
this up and do it themselves?
360
00:18:13,240 --> 00:18:14,440
Why do they need you?
361
00:18:14,440 --> 00:18:16,480
I think what you're missing
is the USP,
362
00:18:16,480 --> 00:18:17,760
which is the product line.
363
00:18:17,760 --> 00:18:20,200
It would take them years of
research... They don't need...
364
00:18:20,200 --> 00:18:23,120
They haven't got their own product
line. If you'll just allow me
365
00:18:23,120 --> 00:18:25,760
to finish. It's really badly put
together. You're asking me a
366
00:18:25,760 --> 00:18:28,200
question but you're not allowing me
to finish the answer.
367
00:18:28,200 --> 00:18:30,800
No, I don't, because I've heard
what I wanted to hear... OK.
368
00:18:30,800 --> 00:18:33,400
..and now I'm going to talk over
you. They don't have their own
369
00:18:33,400 --> 00:18:36,280
product line. They don't have their
own product line because you're
370
00:18:36,280 --> 00:18:38,080
giving them a product line?
Correct.
371
00:18:38,080 --> 00:18:41,880
Well, why would I sell YOUR product
line that, actually, nobody knows,
372
00:18:41,880 --> 00:18:46,440
over putting in my salon brands
that everybody understands and knows
373
00:18:46,440 --> 00:18:48,040
and wants to buy?
374
00:18:49,080 --> 00:18:52,240
Well, I think that's the key,
is to expand the business
375
00:18:52,240 --> 00:18:55,680
through franchising and to make it
a brand that everyone is aware of.
376
00:18:55,680 --> 00:18:56,920
In the skincare market,
377
00:18:56,920 --> 00:19:00,800
we are actually known because we
won an award in 2014
378
00:19:00,800 --> 00:19:03,240
for a very prestigious event.
379
00:19:03,240 --> 00:19:06,640
Damien may not have left
with any cash, but his unshakability
380
00:19:06,640 --> 00:19:10,120
under fire meant he did at least
depart with his head held high.
381
00:19:12,160 --> 00:19:15,520
Thinking not outside the box
but actually inside it
382
00:19:15,520 --> 00:19:18,240
was Stuart Archbold
and Andrew Leslie,
383
00:19:18,240 --> 00:19:21,040
who had a cool concept, literally!
384
00:19:21,040 --> 00:19:23,840
Shopbox is a secure,
multi-temperature drop box
385
00:19:23,840 --> 00:19:27,120
that has a freezer, a chiller and
an ambient storage area, secured
386
00:19:27,120 --> 00:19:28,240
outside of the home.
387
00:19:28,240 --> 00:19:31,040
The amount of hummus I could cram
in that!
388
00:19:31,040 --> 00:19:34,600
Duncan Bannatyne might have been
thinking the same thing,
389
00:19:34,600 --> 00:19:36,640
but he had another query.
390
00:19:36,640 --> 00:19:39,560
How much have you spent
in this business already?
391
00:19:39,560 --> 00:19:42,600
In total, it's coming... It's over
900,000. Somewhere between 900,000
392
00:19:42,600 --> 00:19:44,920
and a million.
I don't want to sound rude,
393
00:19:44,920 --> 00:19:47,840
Stuart, but you've spent £900,000
394
00:19:47,840 --> 00:19:51,720
and it doesn't look all that much
difference to a wheelie bin.
395
00:19:51,720 --> 00:19:55,720
I feel quite insulted. It's not like
a wheelie bin at all.
396
00:19:55,720 --> 00:19:59,320
If that's got you feeling
insulted, strap yourself in.
397
00:19:59,320 --> 00:20:01,440
Duncan's not finished yet.
398
00:20:01,440 --> 00:20:03,160
Other people would design another
399
00:20:03,160 --> 00:20:05,160
box that people
can put groceries into.
400
00:20:05,160 --> 00:20:07,680
With multi-temperature,
we have a concept patent.
401
00:20:07,680 --> 00:20:10,600
Patented. You can't possibly
have a patent...
402
00:20:10,600 --> 00:20:13,480
I absolutely have a patent.
Yes, and I...
403
00:20:13,480 --> 00:20:16,120
No, let me finish, no, let me
finish, please.
404
00:20:16,120 --> 00:20:18,640
That concept is patented.
405
00:20:19,840 --> 00:20:23,320
As if Duncan's going to be wrong
about something like that!
406
00:20:23,320 --> 00:20:26,720
Although Peter had spotted something
in their paperwork which enabled him
407
00:20:26,720 --> 00:20:29,760
to carry out his favourite
pastime... Uh, Peter?
408
00:20:29,760 --> 00:20:31,560
..proving Duncan wrong...
409
00:20:31,560 --> 00:20:36,000
He has got what he said. No.
He has got a patent,
410
00:20:36,000 --> 00:20:38,760
which has changed my complete
look of this.
411
00:20:38,760 --> 00:20:43,360
..which led
to an unusually generous offer.
412
00:20:43,360 --> 00:20:45,880
You're asking for £250,000.
413
00:20:45,880 --> 00:20:47,400
Yep.
414
00:20:47,400 --> 00:20:51,840
Tell me, what percentage of equity
would you give away today
415
00:20:51,840 --> 00:20:53,720
for £1 million investment?
416
00:20:55,120 --> 00:20:57,400
£1 million would
make anyone sweat,
417
00:20:57,400 --> 00:21:00,240
but Stuart's as cool as one
of his boxes.
418
00:21:00,240 --> 00:21:02,920
Turns out he's got options.
419
00:21:02,920 --> 00:21:07,400
There are other seriously
interested investors.
420
00:21:07,400 --> 00:21:09,880
And what equity do they want
for their 200,000?
421
00:21:09,880 --> 00:21:12,160
Well, that is something
I'm negotiating with them.
422
00:21:12,160 --> 00:21:13,920
How much is it they've got
to at the moment?
423
00:21:13,920 --> 00:21:16,600
I'm not prepared to say
at this stage.
424
00:21:16,600 --> 00:21:17,720
Why?
425
00:21:17,720 --> 00:21:20,960
Because they're private
negotiations with them.
426
00:21:20,960 --> 00:21:23,000
But you're trying to do
something with me. We are,
427
00:21:23,000 --> 00:21:25,440
and it wouldn't be in our interests
to embarrass you, but...
428
00:21:25,440 --> 00:21:28,000
Well, exactly, so I need to know
what you've agreed with them.
429
00:21:28,000 --> 00:21:30,960
I can't say at this at this stage.
430
00:21:30,960 --> 00:21:33,240
That left the atmosphere in the Den
431
00:21:33,240 --> 00:21:36,000
cold enough to safely store
a week's worth of feta...
432
00:21:37,920 --> 00:21:40,240
..and meant
Stuart and Andrew went home
433
00:21:40,240 --> 00:21:42,320
without that million-pound deal.
434
00:21:43,640 --> 00:21:46,600
Our next entrepreneurs were also
faced with a dilemma when they came
435
00:21:46,600 --> 00:21:47,840
into the Den.
436
00:21:47,840 --> 00:21:51,160
It's a nail-biting pitch
and worth a view from the start.
437
00:21:51,160 --> 00:21:52,800
Bring the noise, Evan!
438
00:21:55,680 --> 00:21:59,320
Next on the bill are a husband
and wife team who are also hoping
439
00:21:59,320 --> 00:22:02,800
to make a big first impression
with the Dragons.
440
00:22:10,320 --> 00:22:11,800
HORN HONKS
441
00:22:11,800 --> 00:22:14,640
Imagine if you can take,
you know, two electrical wires,
442
00:22:14,640 --> 00:22:16,960
then you touch, it sparks.
Zzzzz!
443
00:22:16,960 --> 00:22:20,240
It's all the time in here,
in here, all the time.
444
00:22:21,720 --> 00:22:25,080
He's got so much passion
and energy, and sometimes
445
00:22:25,080 --> 00:22:27,240
I have to tell him, calm.
446
00:22:27,240 --> 00:22:28,400
Ready? Yes.
447
00:22:28,400 --> 00:22:31,840
She brings me back down
to the Earth.
448
00:22:36,160 --> 00:22:41,080
Rupesh Thomas, from Kerala in India,
and his Parisian wife Alex have made
449
00:22:41,080 --> 00:22:43,400
sure their tuk-tuk
and their business
450
00:22:43,400 --> 00:22:45,960
both have room for a Dragon or two.
451
00:22:51,040 --> 00:22:52,840
Ready? Yeah.
452
00:22:52,840 --> 00:22:54,640
Hello, Dragons.
453
00:22:54,640 --> 00:22:57,360
My name is Rupesh and I am
the founder of Tuk Tuk Chai.
454
00:22:57,360 --> 00:23:00,600
Hello, Dragons. My name is Alex and
I am the co-founder of Tuk Tuk Chai,
455
00:23:00,600 --> 00:23:02,280
and also Rupesh's wife.
456
00:23:02,280 --> 00:23:05,800
Today we are here to pitch
for a £100,000 investment
457
00:23:05,800 --> 00:23:08,200
in return for 5% equity.
458
00:23:08,200 --> 00:23:10,440
Coffee drinkers can pick up a
variety
459
00:23:10,440 --> 00:23:13,720
of ready-to-drink iced coffees
from supermarket shelves.
460
00:23:13,720 --> 00:23:17,000
Yet, when it comes to tea drinkers,
the only option they have is
461
00:23:17,000 --> 00:23:20,000
iced tea that does not
even contain any milk.
462
00:23:20,000 --> 00:23:23,720
But not any more. With our chai,
they can, as it's the first
463
00:23:23,720 --> 00:23:25,600
ready-to-drink tea with milk,
464
00:23:25,600 --> 00:23:28,720
and we are the pioneers
who have invented and created
465
00:23:28,720 --> 00:23:31,160
the concept for iced milk tea.
466
00:23:31,160 --> 00:23:34,920
We import black tea leaves
from Kerala, where I'm originally
467
00:23:34,920 --> 00:23:38,760
from, and we brew it in large
quantities in a factory to get
468
00:23:38,760 --> 00:23:40,720
the authentic taste of chai.
469
00:23:40,720 --> 00:23:43,560
At the moment, the brewing
and the filtering is manual,
470
00:23:43,560 --> 00:23:46,200
so we need to install a machine
into the factory, which is why
471
00:23:46,200 --> 00:23:47,680
we are here.
472
00:23:47,680 --> 00:23:51,080
After a soft launch last year
in March, we were listed
473
00:23:51,080 --> 00:23:55,480
into Harvey Nichols and, most
importantly, got a listing
474
00:23:55,480 --> 00:23:58,000
nationally with Sainsbury's.
475
00:23:58,000 --> 00:24:01,280
So this is our journey so far,
and we invite you Dragons to hop
476
00:24:01,280 --> 00:24:04,320
on board with us and take Tuk Tuk
Chai to another level together.
477
00:24:04,320 --> 00:24:05,640
Thank you.
478
00:24:07,280 --> 00:24:11,920
Hoping to fly with their chai
are Rupesh and Alex Thomas.
479
00:24:11,920 --> 00:24:15,160
Thank you. Thank you.
Whoa. Enjoy.
480
00:24:15,160 --> 00:24:18,840
They're aiming to prise £100,000
pounds out of a Dragon
481
00:24:18,840 --> 00:24:22,440
in return for a 5% equity stake
in their ready-to-drink
482
00:24:22,440 --> 00:24:24,440
iced milk tea company.
483
00:24:26,480 --> 00:24:30,200
And their three-wheeler has already
taken Deborah Meaden on a journey
484
00:24:30,200 --> 00:24:31,800
down memory lane.
485
00:24:35,280 --> 00:24:40,040
I spent many an hour backpacking
around India in a tuk-tuk that
486
00:24:40,040 --> 00:24:42,080
looked nothing like that.
487
00:24:42,080 --> 00:24:45,560
That is the smartest-looking
tuk-tuk I've ever seen.
488
00:24:45,560 --> 00:24:48,640
Thank you. Anyway,
what's your background?
489
00:24:48,640 --> 00:24:52,320
I come from nothing, basically.
490
00:24:52,320 --> 00:24:57,640
I came from India 16 years ago,
just £600 in my hand,
491
00:24:57,640 --> 00:25:02,520
and came with a pocketful of dreams,
and the dreams get bigger,
492
00:25:02,520 --> 00:25:04,720
the hope, the ambition gets bigger.
Good.
493
00:25:04,720 --> 00:25:07,840
So, yeah, here we are,
in front of great people.
494
00:25:07,840 --> 00:25:10,440
So, you know,
that's a journey in itself.
495
00:25:10,440 --> 00:25:13,160
Investment or not,
this is a journey.
496
00:25:13,160 --> 00:25:16,560
So far,
it sounds like a great story.
497
00:25:16,560 --> 00:25:18,520
How does that translate
into numbers?
498
00:25:20,080 --> 00:25:24,600
So, this year, the first year,
we project our turnover
499
00:25:24,600 --> 00:25:27,040
to be more than 105,762.
500
00:25:27,040 --> 00:25:28,360
What's your gross margin?
501
00:25:28,360 --> 00:25:30,200
For the first year,
it's negative.
502
00:25:30,200 --> 00:25:31,320
Why?
503
00:25:31,320 --> 00:25:35,440
Because it cost us... We'll make a
loss on each unit sold.
504
00:25:35,440 --> 00:25:38,120
Oh, I wasn't expecting to stumble
across that so early!
505
00:25:38,120 --> 00:25:41,240
I started all happy, talking
about the blinkin' tuk-tuk.
506
00:25:43,520 --> 00:25:46,240
Can you explain the cost
price and the loss
507
00:25:46,240 --> 00:25:47,800
that you're making on this?
508
00:25:47,800 --> 00:25:50,800
How much are you selling
that into Sainsbury's for?
509
00:25:50,800 --> 00:25:53,680
Sainsbury's specifically told us
we are not allowed to talk
510
00:25:53,680 --> 00:25:55,560
about our cost price.
511
00:25:55,560 --> 00:25:59,320
You do understand that we're
investors? I know.
512
00:25:59,320 --> 00:26:02,360
So you have got to reveal
your cost price.
513
00:26:05,480 --> 00:26:07,600
You've got to!
I know, Deborah.
514
00:26:07,600 --> 00:26:11,000
Hey, I don't know why they have said
we cannot reveal that.
515
00:26:11,000 --> 00:26:13,360
I mean, that... I am...
516
00:26:13,360 --> 00:26:16,200
I wasn't expecting to get stuck
on this quite so quickly.
517
00:26:20,200 --> 00:26:23,680
I'm so sorry, it's not...it's not
because I don't want to, honestly.
518
00:26:23,680 --> 00:26:26,280
What are you doing here? How can you
possibly start...?
519
00:26:26,280 --> 00:26:30,520
What does it sell for? Touker!
Touker, I'm having a conversation.
520
00:26:30,520 --> 00:26:34,920
Whoa. I want to know nothing
else but what the cost price is.
521
00:26:37,800 --> 00:26:40,240
We could actually lose our
contract, which would mean
522
00:26:40,240 --> 00:26:42,080
the business close down.
523
00:26:43,680 --> 00:26:46,840
It's not a risk that we can take.
This will be the quickest pitch.
524
00:26:46,840 --> 00:26:49,120
It could be the quickest pitch.
This is lunacy.
525
00:26:50,960 --> 00:26:53,800
I've never heard in my life
of a supplier being able to control
526
00:26:53,800 --> 00:26:55,440
the destiny of a business.
527
00:26:55,440 --> 00:26:57,720
They're not on your board.
They don't run your company.
528
00:26:57,720 --> 00:27:01,040
They don't own your business.
This is your life and your chance.
529
00:27:01,040 --> 00:27:03,760
Can I suggest you go to the back
of the room and have a conversation
530
00:27:03,760 --> 00:27:06,120
with your wife,
and you decide, when you come back,
531
00:27:06,120 --> 00:27:08,480
whether you want to talk properly
about this business?
532
00:27:08,480 --> 00:27:10,440
Otherwise, you're going to
be on your tuk-tuk,
533
00:27:10,440 --> 00:27:12,520
back in the lift, very quickly.
534
00:27:15,640 --> 00:27:17,000
Yes, of course.
535
00:27:19,080 --> 00:27:21,240
RUPESH EXHALES
536
00:27:19,080 --> 00:27:21,240
What do we do?
537
00:27:21,240 --> 00:27:23,000
I think...
538
00:27:24,160 --> 00:27:26,680
This is a big risk.
539
00:27:26,680 --> 00:27:28,680
Can they cut us because of that?
540
00:27:28,680 --> 00:27:30,000
Rupesh, can they cut us?
541
00:27:30,000 --> 00:27:32,920
They haven't said they will cut us.
They've put it in bold.
542
00:27:35,480 --> 00:27:39,160
I feel like, at the minute, I get
just factory.
543
00:27:39,160 --> 00:27:41,120
But...
544
00:27:44,720 --> 00:27:46,280
What do we do? You call.
545
00:27:46,280 --> 00:27:47,960
I'll go with what you say.
546
00:27:58,400 --> 00:28:01,640
So, Rupesh and Alex, have you made
a decision?
547
00:28:01,640 --> 00:28:02,680
Yes.
548
00:28:02,680 --> 00:28:04,880
A big risk, but she's...
549
00:28:04,880 --> 00:28:06,840
I go by what her gut call is.
550
00:28:09,920 --> 00:28:12,600
Yeah, say...£1.
551
00:28:12,600 --> 00:28:14,400
Sorry, what's that? £1...?
552
00:28:14,400 --> 00:28:16,080
We sell to Sainsbury's.
553
00:28:17,680 --> 00:28:19,560
And it costs you how much to make?
554
00:28:21,040 --> 00:28:22,320
£1.03.
555
00:28:24,560 --> 00:28:26,240
Rupesh, we got there.
556
00:28:27,760 --> 00:28:29,040
I know.
557
00:28:30,280 --> 00:28:34,160
EVAN: The duo decide to risk
their deal with a major supermarket
558
00:28:34,160 --> 00:28:37,040
by revealing all in the Den.
559
00:28:37,040 --> 00:28:40,720
But will their startling admission
to losing 3p on every unit
560
00:28:40,720 --> 00:28:43,840
of their product backfire
with the Dragons?
561
00:28:46,800 --> 00:28:50,880
Rupesh, you're the first person
that I've ever seen go into retail
562
00:28:50,880 --> 00:28:55,080
selling a product cheaper than it's
costing you to make.
563
00:28:55,080 --> 00:28:56,560
Why did you do that?
564
00:28:56,560 --> 00:29:00,520
Because the time it took
to perfect that recipe,
565
00:29:00,520 --> 00:29:03,800
because we could take short cuts
to use flavourings, use extracts,
566
00:29:03,800 --> 00:29:04,960
but it's not the real thing.
567
00:29:04,960 --> 00:29:07,920
So the development process took
us two years to develop.
568
00:29:07,920 --> 00:29:09,800
But Rupesh, look, I mean...
569
00:29:11,320 --> 00:29:15,680
..in business, you take risk...
Yeah. ..but you don't gamble.
570
00:29:15,680 --> 00:29:17,600
So what you're doing is gambling.
571
00:29:17,600 --> 00:29:22,240
Right now, if you don't get
investment, you're going to go bust.
572
00:29:22,240 --> 00:29:27,360
A damning assessment of the pair's
pricing strategy from Tej Lalvani.
573
00:29:27,360 --> 00:29:30,640
And retail expert
Touker Suleyman is next to take
574
00:29:30,640 --> 00:29:32,680
up the baton.
575
00:29:32,680 --> 00:29:36,640
Assuming that you're lucky today
and you get a Dragon to invest
576
00:29:36,640 --> 00:29:40,200
in you, and you install the new
machine, what will it cost you then?
577
00:29:40,200 --> 00:29:44,240
Once the machine goes in, per unit,
it'll be 55p,
578
00:29:44,240 --> 00:29:46,680
but it takes about six months
to get it installed.
579
00:29:46,680 --> 00:29:49,360
So, how much will you lose
in the next six months
580
00:29:49,360 --> 00:29:52,400
before the machine is installed?
581
00:29:52,400 --> 00:29:53,680
£11,000.
582
00:29:56,200 --> 00:29:59,240
So you've come into the Den,
you're valuing the business at
583
00:29:59,240 --> 00:30:03,040
£2 million, you might install a
machine - please, God - when you've
584
00:30:03,040 --> 00:30:05,720
got the investment
in six months' time.
585
00:30:05,720 --> 00:30:08,160
In the meantime, for every
product you're selling,
586
00:30:08,160 --> 00:30:10,480
you'll still lose money.
587
00:30:10,480 --> 00:30:13,600
I think all I can help you is just
keeping my hands in my pocket,
588
00:30:13,600 --> 00:30:16,240
because you're going to need
more and more and more money.
589
00:30:16,240 --> 00:30:20,240
So, unfortunately, I'm not
going to invest on your journey
590
00:30:20,240 --> 00:30:21,760
and I'm out.
591
00:30:24,040 --> 00:30:28,160
It looks like the entrepreneurs'
risky loss-making revelation isn't
592
00:30:28,160 --> 00:30:31,000
paying off,
as Touker Suleyman bows out.
593
00:30:31,960 --> 00:30:36,400
But after a feisty opening exchange,
is Deborah Meaden warming
594
00:30:36,400 --> 00:30:38,240
to the iced milk product?
595
00:30:41,200 --> 00:30:44,080
The good news is it's really nice.
596
00:30:44,080 --> 00:30:47,040
Thank you. I really like it. Thank
you, Deborah. And I completely
597
00:30:47,040 --> 00:30:48,640
disagree with Tej.
598
00:30:48,640 --> 00:30:51,400
I like your strategy. TEJ: I don't
know how many businesses succeed
599
00:30:51,400 --> 00:30:54,640
at retail that way. Well, I'm not
asking what you think. When I
600
00:30:54,640 --> 00:30:59,440
advise, and I have advised people to
do exactly that thing, which is,
601
00:30:59,440 --> 00:31:02,840
you know you can sell at a pound,
sell it, prove it,
602
00:31:02,840 --> 00:31:06,120
and the next run, we make our money.
I've got absolutely no issues.
603
00:31:06,120 --> 00:31:07,360
So, I like that thinking.
604
00:31:07,360 --> 00:31:10,560
And I really, really like you guys.
605
00:31:10,560 --> 00:31:13,280
I really like you guys,
because you've got an awful
606
00:31:13,280 --> 00:31:15,280
lot of stuff right.
607
00:31:15,280 --> 00:31:16,480
There is a but.
608
00:31:20,360 --> 00:31:23,920
For me, the biggest issue
is that you're going
609
00:31:23,920 --> 00:31:25,960
to have to raise more funds.
610
00:31:27,400 --> 00:31:30,200
You're trying to enter a new market,
which means you're going
611
00:31:30,200 --> 00:31:33,880
to have to do a lot of promotions,
and that's what starts
612
00:31:33,880 --> 00:31:35,520
driving your margin down.
613
00:31:35,520 --> 00:31:38,880
So you're not at the stage
in the business where I personally
614
00:31:38,880 --> 00:31:42,040
would feel confident enough
to back it,
615
00:31:42,040 --> 00:31:43,520
so I won't be investing.
616
00:31:43,520 --> 00:31:45,160
I'm out.
617
00:31:47,160 --> 00:31:50,840
Deborah Meaden rates the product
but not its prospects,
618
00:31:50,840 --> 00:31:52,440
and ends her interest.
619
00:31:53,400 --> 00:31:56,120
Jenny Campbell has been
sitting quietly.
620
00:31:56,120 --> 00:31:59,720
Does the banking queen buy
into the chai business?
621
00:32:00,760 --> 00:32:02,760
The product is lovely, yeah?
622
00:32:02,760 --> 00:32:07,440
But, for me, your journey is too
long to success,
623
00:32:07,440 --> 00:32:11,720
and that's too much risk
for me to think about putting
624
00:32:11,720 --> 00:32:16,000
£100,000 into a business
for only 5%.
625
00:32:16,000 --> 00:32:18,640
I wish you all the best,
and I'm out.
626
00:32:19,960 --> 00:32:22,960
TEJ: I love your enthusiasm,
both of you. It's fantastic.
627
00:32:22,960 --> 00:32:25,640
And it's really important
to have dreams, and you've got
628
00:32:25,640 --> 00:32:28,960
this amazing drive that
you really want to make it.
629
00:32:28,960 --> 00:32:32,040
And I actually love the name
Tuk Tuk Chai.
630
00:32:32,040 --> 00:32:33,520
It's very, very catchy.
631
00:32:33,520 --> 00:32:35,920
She came up with it. It's brilliant,
really, really good,
632
00:32:35,920 --> 00:32:38,440
and I would love to work
with you guys.
633
00:32:40,000 --> 00:32:41,680
But I have one concern...
634
00:32:44,000 --> 00:32:47,040
..and that's the high sugar content.
635
00:32:47,040 --> 00:32:50,360
This includes natural sugar as well
from the milk, because milk has got
636
00:32:50,360 --> 00:32:51,800
natural sugar in it,
637
00:32:51,800 --> 00:32:54,400
so that's why also it's a tiny
bit high.
638
00:32:54,400 --> 00:32:58,680
The taste is nice, but I feel
that, today's market, people want
639
00:32:58,680 --> 00:33:01,480
something less sugar,
more healthier,
640
00:33:01,480 --> 00:33:02,960
so I'm going to say...
641
00:33:05,000 --> 00:33:06,480
..I'm out.
642
00:33:08,080 --> 00:33:13,040
Tej Lalvani decides the chai
offering isn't his cup of tea.
643
00:33:13,040 --> 00:33:18,000
The tuk-tuk business is stalling,
and only Peter Jones remains.
644
00:33:18,000 --> 00:33:21,000
He's already sent the entrepreneurs
to the wall once.
645
00:33:21,000 --> 00:33:24,440
Has he seen anything to warrant
a second visit?
646
00:33:24,440 --> 00:33:26,760
I tasted this and I was shocked.
647
00:33:27,800 --> 00:33:29,000
Good, bad?
648
00:33:30,640 --> 00:33:31,760
Really good.
649
00:33:31,760 --> 00:33:33,600
Thank you!
Oh, thank you, Peter!
650
00:33:33,600 --> 00:33:35,440
It's really, really good.
651
00:33:36,800 --> 00:33:38,040
However...
652
00:33:39,440 --> 00:33:43,120
..you're going to need a lot of
money to have a chance of this brand
653
00:33:43,120 --> 00:33:46,000
even making it.
We need capital, yes.
654
00:33:46,000 --> 00:33:50,120
And I'm really...
I'm very concerned for you.
655
00:33:53,240 --> 00:33:56,720
And whilst it would be lovely
to be part of that journey,
656
00:33:56,720 --> 00:34:00,160
I have to go with my business head.
657
00:34:00,160 --> 00:34:03,520
So, Rupesh, Alex,
it's been wonderful to meet you,
658
00:34:03,520 --> 00:34:06,200
I think you've been fantastic,
659
00:34:06,200 --> 00:34:10,000
and that's one of the reasons why
I'm going to make you an offer.
660
00:34:10,000 --> 00:34:11,720
Thank you, Peter!
661
00:34:11,720 --> 00:34:13,680
That's just lovely to hear.
662
00:34:15,200 --> 00:34:17,600
And I'm going to make you an offer
for all of the money,
663
00:34:17,600 --> 00:34:19,040
£100,000...
664
00:34:23,000 --> 00:34:26,160
..but I want 33-and-a-third
percent of the company.
665
00:34:30,560 --> 00:34:34,080
Do you want to have a...chat at the
back? The chat. The chat. Thank you.
666
00:34:36,920 --> 00:34:38,600
WHISPERS: I think we should
go for it.
667
00:34:38,600 --> 00:34:39,960
I think we should go for it.
668
00:34:42,200 --> 00:34:46,880
Having arrived in the UK with 600
quid in his pocket, Rupesh now
669
00:34:46,880 --> 00:34:50,640
has an offer of £100,000 to consider
with his wife Alex.
670
00:34:50,640 --> 00:34:52,080
THEY WHISPER
671
00:34:52,080 --> 00:34:55,160
If he can do for us... What he did
for... But we don't know that.
672
00:34:55,160 --> 00:34:58,960
But Peter Jones' audacious demand
of a third of their company
673
00:34:58,960 --> 00:35:03,520
in return is nearly seven
times the 5% equity stake
674
00:35:03,520 --> 00:35:05,480
that the pair are offering.
675
00:35:05,480 --> 00:35:07,040
It's a big chunk.
676
00:35:07,040 --> 00:35:08,840
I know. Massive. I know.
677
00:35:10,280 --> 00:35:14,160
Will they accept an equal
partner or decline the deal?
678
00:35:30,280 --> 00:35:31,640
Well, she's made me do this.
679
00:35:31,640 --> 00:35:33,640
All right, Peter, fine.
Let's do it.
680
00:35:33,640 --> 00:35:36,080
You're going to do it? Wahey!
Let's do it.
681
00:35:36,080 --> 00:35:38,520
Well done. Well done.
Really pleased.
682
00:35:38,520 --> 00:35:42,240
The entrepreneurs accept
Peter Jones' terms and get
683
00:35:42,240 --> 00:35:45,120
the £100,000 they were seeking,
684
00:35:45,120 --> 00:35:48,360
and they leave the Den
as a tuk-tuk trio.
685
00:35:48,360 --> 00:35:51,000
Do you want to drive it away?
686
00:35:51,000 --> 00:35:52,800
It's not in gear.
687
00:35:52,800 --> 00:35:54,240
Well, almost!
688
00:35:54,240 --> 00:35:55,680
Got the Dragon we wanted.
689
00:35:57,200 --> 00:36:00,600
It's 11 out of 10, you can't get any
better than that, right?
690
00:36:00,600 --> 00:36:02,320
That's it.
Ah, it's in gear now.
691
00:36:02,320 --> 00:36:04,560
Whoa! I hope our business will go
better
692
00:36:04,560 --> 00:36:06,760
than the way we're driving this.
693
00:36:04,560 --> 00:36:06,760
THEY LAUGH
694
00:36:06,760 --> 00:36:08,240
Yeah, we hope so, too!
695
00:36:09,320 --> 00:36:10,360
Bye!
696
00:36:11,440 --> 00:36:12,480
Oh, God!
697
00:36:15,000 --> 00:36:16,600
Are we in?
698
00:36:16,600 --> 00:36:18,680
RUPESH: I definitely need to give
him some course
699
00:36:18,680 --> 00:36:21,360
on the tuk-tuk driving, for sure.
That will be very strict.
700
00:36:21,360 --> 00:36:23,920
I'll be the Tuk-Tuk Dragon then.
701
00:36:23,920 --> 00:36:27,480
Right... That's one Dragon down. One
Dragon... Let's take his chair away.
702
00:36:27,480 --> 00:36:30,160
Yeah. And then there were four.
703
00:36:30,160 --> 00:36:32,800
Actually, I quite miss Peter.
704
00:36:32,800 --> 00:36:35,440
PETER: Right, next stop,
Sainsbury's.
705
00:36:35,440 --> 00:36:37,320
OK, stop it! Brake, brake, brake!
706
00:36:37,320 --> 00:36:39,160
CRASH
707
00:36:43,840 --> 00:36:46,800
The Den is a pressure cooker
environment.
708
00:36:46,800 --> 00:36:49,120
My...
709
00:36:49,120 --> 00:36:50,840
We, er... We...
710
00:36:50,840 --> 00:36:54,840
..and like in a pressure cooker,
you can sometimes get in a stew.
711
00:36:54,840 --> 00:36:57,720
I'm so sorry. Forgive me.
712
00:36:57,720 --> 00:37:00,720
Some people buckle under
questioning,
713
00:37:00,720 --> 00:37:03,520
but when Georgia Hewitt came
in with her gifting website
714
00:37:03,520 --> 00:37:07,280
for kids' presents, she managed to
buckle before a single question
715
00:37:07,280 --> 00:37:08,800
had even been asked.
716
00:37:12,000 --> 00:37:15,520
The website treats children to an
online experience, empowering
717
00:37:15,520 --> 00:37:17,920
them to create their very own
webpage,
718
00:37:17,920 --> 00:37:20,320
cut in themselves... Oh, sorry!
719
00:37:20,320 --> 00:37:22,080
Um...
720
00:37:25,360 --> 00:37:29,960
OK. So, there's 5,000 toys and games
that children can choose from.
721
00:37:29,960 --> 00:37:32,760
Oh...God...
722
00:37:38,440 --> 00:37:41,320
Children can choose from...
Oh! I'm sorry.
723
00:37:41,320 --> 00:37:43,840
Please, can I start again?
724
00:37:43,840 --> 00:37:45,280
I'm sorry.
725
00:37:45,280 --> 00:37:47,800
You're doing OK. Carry on.
Am I?
726
00:37:47,800 --> 00:37:49,000
You're doing OK.
727
00:37:49,000 --> 00:37:50,480
Tell us.
728
00:37:50,480 --> 00:37:55,000
Basically, I've got around
2,500 supply...
729
00:37:55,000 --> 00:37:57,480
Um, 20... 25 suppliers.
730
00:37:57,480 --> 00:37:59,360
Um... Oh I'm sorry.
731
00:37:59,360 --> 00:38:02,480
I can't. I'm sorry.
I've completely lost it.
732
00:38:03,840 --> 00:38:07,440
Peter Jones managed to put his
finger on what had gone wrong...
733
00:38:07,440 --> 00:38:12,040
Your presentation was appalling.
..but decided to invest anyway...
734
00:38:12,040 --> 00:38:13,320
Well done.
735
00:38:13,320 --> 00:38:14,880
..so he obviously forgave her.
736
00:38:16,400 --> 00:38:19,760
The enormity of what he was about
to experience wasn't lost on
737
00:38:19,760 --> 00:38:22,800
our next on-edge entrepreneur,
Faheem Badur.
738
00:38:24,560 --> 00:38:28,040
WHISPERS: This is the moment
of our lives.
739
00:38:28,040 --> 00:38:29,680
The moment of truth.
740
00:38:31,080 --> 00:38:36,440
Faheem had a glorious yet complex
business involving wholesale food,
741
00:38:36,440 --> 00:38:40,600
a range of hot sauces, a restaurant
franchise, and...
742
00:38:40,600 --> 00:38:42,840
Ah, well, I'll let Faheem tell you.
743
00:38:42,840 --> 00:38:46,560
Direct Wholesale was established in
2010 with the main aim
744
00:38:46,560 --> 00:38:49,400
of supplying restaurants
and food service sector
745
00:38:49,400 --> 00:38:51,320
with my own blend of products.
746
00:38:51,320 --> 00:38:56,120
In 2012, we decided to get a bit
adventurous and we created Perio's,
747
00:38:56,120 --> 00:38:59,840
which is a fast, casual restaurant
concept based on food with flavours
748
00:38:59,840 --> 00:39:02,360
from all over the world.
749
00:39:02,360 --> 00:39:04,400
A lot to take on board there.
750
00:39:04,400 --> 00:39:07,520
But despite all that information,
Faheem managed to leave out
751
00:39:07,520 --> 00:39:09,000
an important detail.
752
00:39:10,440 --> 00:39:11,920
What are you asking for? Oh!
753
00:39:11,920 --> 00:39:14,320
you forgot the most important part
of your pitch. Yes, yes.
754
00:39:14,320 --> 00:39:17,040
You don't want any money and you
don't want any percentage.
755
00:39:17,040 --> 00:39:19,880
I just want you guys on board,
756
00:39:17,040 --> 00:39:19,880
that's all I want!
757
00:39:17,040 --> 00:39:19,880
LAUGHTER
758
00:39:19,880 --> 00:39:22,080
OK, 25,000 for 50%.
759
00:39:22,080 --> 00:39:24,600
Touker, you can have anything you
want, you've got...
760
00:39:24,600 --> 00:39:26,880
You've got the same style!
761
00:39:26,880 --> 00:39:30,320
While Faheem laid on the charm
like a helping of hot sauce,
762
00:39:30,320 --> 00:39:34,760
Nick Jenkins had come up with
a theory about his rapid-fire pitch.
763
00:39:34,760 --> 00:39:37,520
You spoke very quickly
in that presentation,
764
00:39:37,520 --> 00:39:40,400
and I have this feeling
that the reason you spoke quickly
765
00:39:40,400 --> 00:39:43,400
is because you were thinking, "The
longer I speak, the cooler
766
00:39:43,400 --> 00:39:46,680
"these food samples are going to
get. I need to think incredibly
quickly!"
767
00:39:46,680 --> 00:39:51,920
Nick, that's absolutely correct.
Apart from the fact I was really
nervous, I tried to hide it.
768
00:39:51,920 --> 00:39:56,000
Oh, Faheem, you should know better
than to try and hide anything
769
00:39:56,000 --> 00:39:57,120
from the Dragons,
770
00:39:57,120 --> 00:40:00,800
who found his brand name
rather hard to digest.
771
00:40:00,800 --> 00:40:03,200
Is Perio a person?
772
00:40:03,200 --> 00:40:06,720
Perio's is a brand we actually
created and which wanted
773
00:40:06,720 --> 00:40:10,520
to represent the world flavours.
OK, but what does it mean?
774
00:40:10,520 --> 00:40:13,480
If you had told me a story about
Perio, who was a chap who had a
775
00:40:13,480 --> 00:40:16,560
great-great-great-grandfather who
was Indian and another one who's
776
00:40:16,560 --> 00:40:19,480
Portuguese, another one is Mexican,
very multicultural family,
777
00:40:19,480 --> 00:40:22,000
and they would all sit down for this
multicultural breakfast
778
00:40:22,000 --> 00:40:24,400
and this is what he wanted
to recreate in his restaurant...
779
00:40:24,400 --> 00:40:26,400
That is a good story!
That's the story...
780
00:40:26,400 --> 00:40:29,040
Just helping you out with a brand
story here. Are you kidding me?
781
00:40:29,040 --> 00:40:30,880
Is this actually happening?
782
00:40:30,880 --> 00:40:33,600
This is a mishmash of... It's not
actually a mishmash, because
783
00:40:33,600 --> 00:40:36,400
mishmash, people would not come
in, we'd not have customers coming
784
00:40:36,400 --> 00:40:39,760
in... Fine... Hang on, Touker,
I haven't finished yet. Save me!
785
00:40:39,760 --> 00:40:41,240
No-one did save Faheem,
786
00:40:41,240 --> 00:40:44,160
as the Dragons
all said "adios" to Perio's.
787
00:40:47,720 --> 00:40:51,720
25-year-old Belgian entrepreneur
Corien Staels caused high drama
788
00:40:51,720 --> 00:40:54,840
in the Den when she came
in to pitch her air-conditioning
789
00:40:54,840 --> 00:40:56,680
cushions for wheelchairs.
790
00:40:57,840 --> 00:41:00,800
The unit basically sucks
air in at the bottom, pushes
791
00:41:00,800 --> 00:41:03,760
that up and then gently pushes
it out on your back, creating
792
00:41:03,760 --> 00:41:06,000
a gentle feeling of cooling.
793
00:41:06,000 --> 00:41:08,600
The wheelchair wonder got
compliments from the Den's
794
00:41:08,600 --> 00:41:11,520
manufacturing mogul.
795
00:41:11,520 --> 00:41:15,880
Very, very cleverly
designed, simple product.
796
00:41:15,880 --> 00:41:20,000
But when Peter Jones got involved,
Corien started to feel the heat.
797
00:41:21,640 --> 00:41:24,760
What's your forecast,
your three-year forecast?
798
00:41:24,760 --> 00:41:28,240
Three-year forecast,
total, is, um...
799
00:41:28,240 --> 00:41:29,760
Um...
800
00:41:29,760 --> 00:41:33,240
It'll be about 2.5 million,
I guess, turnover.
801
00:41:33,240 --> 00:41:35,920
And how many products would that be?
Um, that is...
802
00:41:35,920 --> 00:41:38,920
I've got it all written
down exactly, but it'll be...
803
00:41:40,600 --> 00:41:43,720
Would you like to see the sheet
that has all the...? No, no,
804
00:41:43,720 --> 00:41:46,360
I just want you to tell me.
805
00:41:46,360 --> 00:41:47,960
What will be your gross margin?
806
00:41:47,960 --> 00:41:49,280
Um...
807
00:41:49,280 --> 00:41:50,960
Gross margin of that, um...
808
00:41:52,920 --> 00:41:55,400
I don't know by heart. I think...
809
00:41:55,400 --> 00:41:56,960
..300?
810
00:41:56,960 --> 00:41:59,120
No. Um...
811
00:41:59,120 --> 00:42:00,640
I'm sorry.
812
00:42:03,280 --> 00:42:06,640
What's happened here? Is this
pressure? Are you feeling pressure?
813
00:42:06,640 --> 00:42:10,680
Yes, it's doing all the numbers,
just, like, out of my head.
814
00:42:10,680 --> 00:42:14,160
OK. We're at 300K... Mm-hm.
..and now valuation.
815
00:42:14,160 --> 00:42:16,480
Where do you come to a valuation
of half a million
816
00:42:16,480 --> 00:42:19,520
where you sit today with a product
that's not yet launched?
817
00:42:21,480 --> 00:42:24,160
I am so sorry, but I am
going to pass out.
818
00:42:24,160 --> 00:42:26,680
I don't know what... Oh!
I'm seeing only black.
819
00:42:26,680 --> 00:42:28,800
There's some water here.
Sit down.
820
00:42:28,800 --> 00:42:31,480
Here you are. Do you want to...?
Sit down here. Sit down here.
821
00:42:31,480 --> 00:42:33,240
Get some water.
822
00:42:33,240 --> 00:42:35,520
Thank you.
823
00:42:35,520 --> 00:42:38,520
Ooh! I'm sorry. It's OK.
I've got a cooling cushion on.
824
00:42:38,520 --> 00:42:41,080
THEY LAUGH
825
00:42:38,520 --> 00:42:41,080
Good answer.
826
00:42:42,200 --> 00:42:44,960
With the help of a blast
from her own cushion, Corien
827
00:42:44,960 --> 00:42:48,120
was soon on the mend, and when
she returned, managed to scoop
828
00:42:48,120 --> 00:42:51,720
up a joint investment
from Peter and Deborah.
829
00:42:51,720 --> 00:42:55,480
And this time, when she left
the Den, she WALKED out.
830
00:42:57,760 --> 00:43:02,520
When our next entrepreneur,
Ross Mendham, appeared back in 2013,
831
00:43:02,520 --> 00:43:05,720
he also found the Dragons'
questioning all too much.
832
00:43:05,720 --> 00:43:08,280
We can watch this one from the top.
833
00:43:37,120 --> 00:43:38,440
Hello, guys. I'm Ross Mendham,
834
00:43:38,440 --> 00:43:41,000
managing director
of Barenaked Foods.
835
00:43:41,000 --> 00:43:43,920
When I was younger,
I was always slightly overweight,
836
00:43:43,920 --> 00:43:47,360
and as a kid I was bullied
as a result. In my teenage years,
837
00:43:47,360 --> 00:43:50,800
I suffered from body dysmorphia
and it really got me down.
838
00:43:50,800 --> 00:43:54,320
I did, however, decide to do
something about it and I hit the gym
839
00:43:54,320 --> 00:43:56,600
and eventually got
a six pack and a chest
840
00:43:56,600 --> 00:43:58,400
most men were envious of.
841
00:43:58,400 --> 00:44:01,720
I had just started another low-carb
diet and I was thinking,
842
00:44:01,720 --> 00:44:05,000
"I really fancy pasta,"
but I couldn't eat it.
843
00:44:05,000 --> 00:44:07,760
So, I started researching.
844
00:44:07,760 --> 00:44:09,400
Is there an alternative?
845
00:44:09,400 --> 00:44:10,880
Couldn't find anything,
846
00:44:10,880 --> 00:44:13,800
so I thought, "Right, well,
I'm going to do it myself",
847
00:44:13,800 --> 00:44:15,600
and my company was born.
848
00:44:15,600 --> 00:44:18,400
There are two products
we're currently selling online
849
00:44:18,400 --> 00:44:20,160
on our website.
850
00:44:20,160 --> 00:44:22,120
One is Bare Naked Noodles.
851
00:44:22,120 --> 00:44:24,560
One is Bare Naked Protein Noodles.
852
00:44:24,560 --> 00:44:26,120
Both are under 30 calories.
853
00:44:26,120 --> 00:44:27,320
They have no fat.
854
00:44:27,320 --> 00:44:29,040
They're gluten-free.
855
00:44:29,040 --> 00:44:31,360
They have no nasty ingredients
either.
856
00:44:31,360 --> 00:44:34,480
I really need a volunteer
to help me for two minutes,
857
00:44:34,480 --> 00:44:38,120
just to show you how quick and easy
it is to prepare. I'll do it.
858
00:44:38,120 --> 00:44:40,840
Yeah? Kelly, thank you very much.
859
00:44:42,920 --> 00:44:47,560
What I'm going to do first
is put some oil in the pan.
860
00:44:53,920 --> 00:44:57,520
Simply... open the bag.
861
00:45:01,040 --> 00:45:03,120
And drain the water.
862
00:45:04,640 --> 00:45:07,720
When you said two minutes, how
many minutes do you actually mean?
863
00:45:07,720 --> 00:45:12,400
Um, I think... well, two minutes,
I usually do this in two minutes.
864
00:45:12,400 --> 00:45:14,880
Could you hurry up? Yes.
865
00:45:14,880 --> 00:45:18,080
I think we're pretty much there,
so another minute.
866
00:45:20,280 --> 00:45:23,360
I'll get the plates out, ready.
867
00:45:23,360 --> 00:45:25,320
Thank you very much, Kelly.
868
00:45:25,320 --> 00:45:27,200
You've been a great help.
Thank you.
869
00:45:30,080 --> 00:45:32,360
Could you serve it now? Yes.
Leave him alone!
870
00:45:32,360 --> 00:45:34,880
What's the matter with you?
Have some patience.
871
00:45:38,640 --> 00:45:41,360
A nervy pitch from Ross Mendham
from Norfolk.
872
00:45:41,360 --> 00:45:46,440
He wants £60,000 in return
for a 20% share of his business.
873
00:45:49,120 --> 00:45:51,160
Having sampled Ross's noodles,
874
00:45:51,160 --> 00:45:54,320
the Dragons want to discover
more about their contents.
875
00:45:56,240 --> 00:46:02,240
So I heard a lot about
what it hasn't got in it. Yeah.
876
00:46:02,240 --> 00:46:04,200
What has it got in it?
877
00:46:04,200 --> 00:46:07,520
Right. It's got oatmeal flour,
konjac flour...
878
00:46:09,160 --> 00:46:10,760
..um, soya bean fibre...
879
00:46:12,920 --> 00:46:14,280
..and calcium hydroxide.
880
00:46:14,280 --> 00:46:16,000
You say they're gluten-free.
881
00:46:16,000 --> 00:46:17,320
Yes.
882
00:46:17,320 --> 00:46:19,360
But you say they've got oatmeal
in them.
883
00:46:19,360 --> 00:46:22,360
Is it a gluten-free... It's oatmeal
flour.
884
00:46:22,360 --> 00:46:25,640
Oatmeal flour's shown
that it doesn't have gluten in,
885
00:46:25,640 --> 00:46:30,800
but sometimes mimics
gluten-like symptoms.
886
00:46:30,800 --> 00:46:33,880
I think you're wrong, because
I actually have a gluten allergy.
887
00:46:33,880 --> 00:46:36,280
If I have normal oats,
888
00:46:36,280 --> 00:46:38,520
my fingers will swell up.
889
00:46:42,160 --> 00:46:44,800
Kelly Hoppen has thrown Ross's
initial claims
890
00:46:44,800 --> 00:46:47,680
about the contents of his noodles
into doubt,
891
00:46:47,680 --> 00:46:51,600
and Deborah Meaden is about to
subject the ingredients
892
00:46:51,600 --> 00:46:52,880
to further scrutiny.
893
00:46:52,880 --> 00:46:56,080
I want to see this proof that says
this is gluten-free.
894
00:47:06,600 --> 00:47:09,080
ROSS SNIFFS
895
00:47:31,640 --> 00:47:33,400
I'm going to explain that to you...
896
00:47:33,400 --> 00:47:36,120
You probably need to, because at
no point on that piece of paper
897
00:47:36,120 --> 00:47:39,920
does that say this is gluten-free.
No. Um...
898
00:47:42,960 --> 00:47:44,760
It's not because, er...
899
00:47:46,560 --> 00:47:51,920
The ingredients is cornflour
and rice flour, not oatmeal flour.
900
00:47:53,120 --> 00:47:54,520
So it's not gluten-free?
901
00:47:54,520 --> 00:47:56,200
It is gluten-free.
902
00:48:00,240 --> 00:48:03,360
Ross's confusion
over the composition of his noodles
903
00:48:03,360 --> 00:48:05,840
has riled some of the Dragons.
904
00:48:05,840 --> 00:48:09,360
It falls to Piers Linney
to defuse the situation.
905
00:48:10,520 --> 00:48:13,280
Ross, I think everyone's gone
off on a gluten tangent here.
906
00:48:13,280 --> 00:48:16,440
Fair play to you... I
completely understand why...
907
00:48:16,440 --> 00:48:17,840
Why don't you let me carry on?
908
00:48:17,840 --> 00:48:20,280
So fair play to you.
909
00:48:20,280 --> 00:48:24,920
I can see the idea and you've got up
and you've done it. OK.
910
00:48:24,920 --> 00:48:26,680
I think that's your problem.
911
00:48:26,680 --> 00:48:28,160
I think you've maybe nearly done it.
912
00:48:28,160 --> 00:48:30,400
But you've got an idea.
Can you get there? I don't know.
913
00:48:30,400 --> 00:48:33,120
What's your 60,000 for?
914
00:48:33,120 --> 00:48:35,720
Warehouse. Warehouse? Yeah.
915
00:48:35,720 --> 00:48:38,000
That's not the best thing
to start with.
916
00:48:38,000 --> 00:48:42,680
Additional stock to cater
for the increase in demand,
917
00:48:42,680 --> 00:48:46,520
marketing and product development.
918
00:48:46,520 --> 00:48:49,160
Well, I think you should put product
development at the top.
919
00:48:49,160 --> 00:48:52,080
Well, I've realised,
I've learned today
920
00:48:52,080 --> 00:48:55,000
that that's going to be the most
important part of...
921
00:48:55,000 --> 00:48:56,400
Way before your warehouse.
922
00:48:56,400 --> 00:48:57,680
Well, yeah!
923
00:48:59,600 --> 00:49:03,040
Ross is struggling to win
the confidence of the Dragons,
924
00:49:03,040 --> 00:49:06,880
but will news of a potential
distribution deal
925
00:49:06,880 --> 00:49:09,080
change the mood in the Den?
926
00:49:09,080 --> 00:49:14,320
Currently, we have interest from two
national high street retailers,
927
00:49:14,320 --> 00:49:16,920
one with 800 stores, one with 600.
928
00:49:16,920 --> 00:49:21,400
We are very close to signing
a deal with them.
929
00:49:21,400 --> 00:49:22,960
You have agreed a price
to sell them?
930
00:49:22,960 --> 00:49:26,640
Yes, £1.33, and it costs us to make,
41p.
931
00:49:26,640 --> 00:49:30,440
So you make approximately 85-90p
per packet. Yes.
932
00:49:30,440 --> 00:49:31,880
To this company. Yeah.
933
00:49:31,880 --> 00:49:35,360
And they're going to take
how many from you a month?
934
00:49:37,200 --> 00:49:40,760
8,000. OK. And how much profit would
that make you in a month?
935
00:49:42,120 --> 00:49:43,440
That will make me...
936
00:50:05,680 --> 00:50:08,400
You'll have to forgive me, maths
wasn't my strong point at school.
937
00:50:08,400 --> 00:50:10,440
I'm starting to realise that.
938
00:50:10,440 --> 00:50:11,480
Yeah!
939
00:50:13,360 --> 00:50:18,240
Ross's tenuous grasp of his numbers
has frustrated his audience
940
00:50:18,240 --> 00:50:20,960
and Deborah Meaden has heard enough.
941
00:50:20,960 --> 00:50:22,800
Ross, I've got to tell you,
942
00:50:22,800 --> 00:50:26,440
this is a very disappointing
presentation from you.
943
00:50:26,440 --> 00:50:28,720
I don't think you know enough
about this product
944
00:50:28,720 --> 00:50:32,600
to make the claims that are sitting
on the front of this packaging,
945
00:50:32,600 --> 00:50:34,520
and you need to be very careful
about that.
946
00:50:34,520 --> 00:50:36,480
So I won't be investing in you, and
I'm out.
947
00:50:36,480 --> 00:50:38,320
Thank you, Deborah.
948
00:50:39,400 --> 00:50:41,280
A blow for the young entrepreneur
949
00:50:41,280 --> 00:50:45,440
as a first Dragon walks away
from the chance to invest.
950
00:50:45,440 --> 00:50:49,200
Will Kelly Hoppen prove
any more forgiving?
951
00:50:50,480 --> 00:50:52,520
Problem is, the texture
wasn't great.
952
00:50:52,520 --> 00:50:55,720
It really kind of disturbed me,
the way it tasted.
953
00:50:55,720 --> 00:50:58,960
Now, what you said to Deborah
was that it isn't oatmeal.
954
00:50:58,960 --> 00:51:01,240
It's actually corn and rice,
which is gluten-free.
955
00:51:01,240 --> 00:51:03,520
But why have you got
oat, then, on the packet?
956
00:51:03,520 --> 00:51:06,080
You don't know your product
well enough. I agree 100%.
957
00:51:06,080 --> 00:51:08,840
So for that reason, I'm out.
958
00:51:08,840 --> 00:51:12,680
With
two Dragons now having bowed out,
959
00:51:12,680 --> 00:51:16,400
Ross's chances of securing
the healthy £60,000 investment
960
00:51:16,400 --> 00:51:18,480
he came for are looking slim.
961
00:51:19,560 --> 00:51:22,480
Duncan Bannatyne wants to find
out more
962
00:51:22,480 --> 00:51:25,480
about the man behind the noodle.
963
00:51:25,480 --> 00:51:28,760
At the moment,
how are you funding your lifestyle?
964
00:51:28,760 --> 00:51:32,560
I have a fantastic wife who, um...
sorry...
965
00:51:46,200 --> 00:51:47,480
Sorry.
966
00:51:57,520 --> 00:52:00,880
Refresh and come back. Sorry.
967
00:52:00,880 --> 00:52:03,200
Take your time.
968
00:52:04,400 --> 00:52:06,080
ROSS SNIFFS
969
00:52:13,600 --> 00:52:15,080
He should come back,
970
00:52:15,080 --> 00:52:17,520
or he's going to kick himself
if he doesn't finish this.
971
00:52:17,520 --> 00:52:19,080
He'll come back.
972
00:52:38,720 --> 00:52:39,920
I do apologise.
973
00:52:39,920 --> 00:52:41,200
No problem.
974
00:52:41,200 --> 00:52:44,440
So obviously, this is something
that's very emotional for you.
975
00:52:44,440 --> 00:52:46,040
But I want to go back
to the question
976
00:52:46,040 --> 00:52:47,520
of how you fund your lifestyle.
977
00:52:47,520 --> 00:52:50,040
You were talking about your wife.
Yeah.
978
00:52:50,040 --> 00:52:55,120
She supports both of us while I'm
getting the business off the ground.
979
00:52:55,120 --> 00:52:58,200
She's working to do that? Yes.
Full time? Yes.
980
00:52:58,200 --> 00:53:02,480
OK. Unfortunately, she had
our third miscarriage before I came.
981
00:53:02,480 --> 00:53:03,880
All right.
982
00:53:03,880 --> 00:53:05,840
Sorry to hear that, Ross.
983
00:53:05,840 --> 00:53:08,000
HE SOBS
984
00:53:08,000 --> 00:53:10,880
You know, it can only get better,
Ross, it can only get better.
985
00:53:12,480 --> 00:53:14,280
What we've just heard,
986
00:53:14,280 --> 00:53:19,000
it's, as we can see,
emotionally heart-wrenching.
987
00:53:19,000 --> 00:53:24,520
And it's great that you're here,
but you're not here for sympathy.
988
00:53:24,520 --> 00:53:26,840
I agree. You're here to get an
investment in a business
989
00:53:26,840 --> 00:53:30,480
that you were supposed
to demonstrate had a future.
990
00:53:30,480 --> 00:53:34,680
I know. What you've presented today,
frankly, tastes like baby food.
991
00:53:34,680 --> 00:53:35,800
I know.
992
00:53:35,800 --> 00:53:38,080
I think you've got a good brand.
993
00:53:38,080 --> 00:53:40,120
I think Barenaked Foods is clever.
994
00:53:40,120 --> 00:53:42,760
And that's why I'm going to
make you an offer.
995
00:53:46,320 --> 00:53:47,880
HE LAUGHS
996
00:53:47,880 --> 00:53:49,920
And I'm going to offer
you all of the money...
997
00:53:51,720 --> 00:53:56,480
..for half of a business
that we've yet to create, together.
998
00:54:01,480 --> 00:54:03,080
I think you deserve a break.
999
00:54:03,080 --> 00:54:04,920
And I think you're the kind
of guy
1000
00:54:04,920 --> 00:54:08,080
that will make it,
given an opportunity.
1001
00:54:09,760 --> 00:54:10,880
Sorry, it's...
1002
00:54:10,880 --> 00:54:13,480
I can't believe this. It's, um...
1003
00:54:15,400 --> 00:54:18,960
While recognising that his business
needs plenty of work,
1004
00:54:18,960 --> 00:54:22,560
Peter Jones has spotted a spark of
potential
1005
00:54:22,560 --> 00:54:24,960
in this young entrepreneur.
1006
00:54:24,960 --> 00:54:28,320
Now Duncan Bannatyne is ready
to have his say.
1007
00:54:29,440 --> 00:54:32,560
I'm not going to make you
an investment offer.
1008
00:54:33,560 --> 00:54:36,560
I'm going to make you two
investment offers.
1009
00:54:38,000 --> 00:54:42,960
I'm going to offer you the same
as Peter Jones offered you, £60,000,
1010
00:54:42,960 --> 00:54:45,120
for 50% of this business.
1011
00:54:45,120 --> 00:54:51,200
My second offer is £30,000
for 25% of the business,
1012
00:54:51,200 --> 00:54:52,920
which means to get my second
offer,
1013
00:54:52,920 --> 00:54:55,520
you'd have to have another
Dragon to match my offer.
1014
00:54:59,640 --> 00:55:01,840
Investments like this are about
investing in people.
1015
00:55:05,080 --> 00:55:06,800
So I'll make you an offer as well.
1016
00:55:08,720 --> 00:55:11,720
I'm going to offer you the same as
Duncan.
1017
00:55:11,720 --> 00:55:16,200
So that'd be 30,000
for 25% of the company.
1018
00:55:22,760 --> 00:55:27,960
I'll give you another offer - the
full 60,000 for 50% of the company.
1019
00:55:30,440 --> 00:55:32,720
So just to complicate it further...
1020
00:55:34,000 --> 00:55:36,560
..I'm happy to work with Peter
on that as well
1021
00:55:36,560 --> 00:55:37,920
if he was willing to split,
1022
00:55:37,920 --> 00:55:41,640
but that's up to Peter to decide
on that.
1023
00:55:41,640 --> 00:55:44,720
Piers Linney has made a bid
to align himself with Peter Jones.
1024
00:55:45,960 --> 00:55:48,560
But will he agree to share the deal?
1025
00:55:50,600 --> 00:55:52,560
It's normal that you would ask
the Dragon, you know,
1026
00:55:52,560 --> 00:55:54,680
what they're going to bring
to the party,
1027
00:55:54,680 --> 00:55:57,080
but I wouldn't mind asking Piers
what he's going to bring.
1028
00:55:57,080 --> 00:55:58,960
Youth!
1029
00:55:58,960 --> 00:56:01,280
LAUGHTER
1030
00:56:01,280 --> 00:56:02,880
Good answer.
1031
00:56:04,760 --> 00:56:06,600
Some energy.
1032
00:56:06,600 --> 00:56:09,720
Let me answer the question
seriously.
1033
00:56:09,720 --> 00:56:13,280
So I'm on a trajectory,
1034
00:56:13,280 --> 00:56:15,520
a slightly different place, maybe,
in my career
1035
00:56:15,520 --> 00:56:17,160
and the development of my business,
1036
00:56:17,160 --> 00:56:20,040
so I can probably understand
where you are a bit more.
1037
00:56:20,040 --> 00:56:23,400
You'll find out very quickly that,
you know,
1038
00:56:23,400 --> 00:56:26,040
I will help you get
to where you deserve to be.
1039
00:56:28,120 --> 00:56:31,280
Would you... would you go into
business with Piers?
1040
00:56:32,320 --> 00:56:33,880
The offer...
1041
00:56:33,880 --> 00:56:37,280
..is for 60,000, and I'm not willing
to share it with another Dragon.
1042
00:56:37,280 --> 00:56:39,440
That's fine.
1043
00:56:43,800 --> 00:56:46,280
I'd like to accept your offer,
1044
00:56:46,280 --> 00:56:50,920
Peter, for £60,000 in return
for half of my company.
1045
00:56:51,960 --> 00:56:54,840
Well done, well done.
1046
00:56:54,840 --> 00:56:56,480
Thank you.
1047
00:56:56,480 --> 00:56:57,520
LAUGHTER
1048
00:56:59,360 --> 00:57:01,920
Thank you very much. Thank you.
Are you feeling all right?
1049
00:57:01,920 --> 00:57:03,680
Um... Don't faint on us.
1050
00:57:03,680 --> 00:57:05,400
No, I'm not going to faint on you.
1051
00:57:05,400 --> 00:57:06,600
Thank you very much.
1052
00:57:08,440 --> 00:57:09,960
Ross has done it.
1053
00:57:09,960 --> 00:57:12,080
Given his shaky start,
1054
00:57:12,080 --> 00:57:14,960
it's been a truly remarkable
turnaround.
1055
00:57:14,960 --> 00:57:16,280
HE LAUGHS
1056
00:57:18,040 --> 00:57:21,760
Peter saw my resolve
and Peter saw my determination
1057
00:57:21,760 --> 00:57:25,240
and with his investment, Barenaked
Foods will be a worldwide brand
1058
00:57:25,240 --> 00:57:27,400
and it will be successful.
1059
00:57:27,400 --> 00:57:30,040
And I can't wait
to be working with him.
1060
00:57:32,280 --> 00:57:35,320
Well, time to look back
at a fascinating series.
1061
00:57:35,320 --> 00:57:36,640
That was horrifying.
1062
00:57:36,640 --> 00:57:40,000
But what have we learned from our
trip down memory lane
1063
00:57:40,000 --> 00:57:42,640
to the best pitches
of Dragons' Den?
1064
00:57:44,040 --> 00:57:45,240
Can you hear me?
1065
00:57:45,240 --> 00:57:46,520
Yeah, baby!
1066
00:57:46,520 --> 00:57:50,240
Well, Dragons are gentle,
sophisticated creatures.
1067
00:57:50,240 --> 00:57:52,840
You would make my butt itch, mate.
1068
00:57:52,840 --> 00:57:56,040
Ee by gum, I love you! They love
working together.
1069
00:57:56,040 --> 00:57:57,480
Why don't you relax for a second?
1070
00:57:57,480 --> 00:57:59,760
Touker, you don't know
what you're talking about.
1071
00:57:59,760 --> 00:58:01,800
You've just put a guy on the bloody
edge here
1072
00:58:01,800 --> 00:58:05,600
and you've just completely
been a sly little shit. Oh!
1073
00:58:05,600 --> 00:58:09,200
They give the occasional insight
into their personal lives...
1074
00:58:09,200 --> 00:58:11,040
I don't know what traumatic
experiences
1075
00:58:11,040 --> 00:58:12,200
you have had in the toilet,
1076
00:58:12,200 --> 00:58:14,960
but I just like to make it as quick
as possible and out.
1077
00:58:14,960 --> 00:58:16,960
..suffer some serious ego denting...
1078
00:58:16,960 --> 00:58:19,360
David, do you know who I am?
1079
00:58:19,360 --> 00:58:21,160
Peter someone.
1080
00:58:21,160 --> 00:58:22,840
DUNCAN GUFFAWS
1081
00:58:22,840 --> 00:58:25,560
..and give musical marching orders.
1082
00:58:25,560 --> 00:58:27,000
# Go on, now, go
1083
00:58:27,000 --> 00:58:29,240
# Walk out that door... #
1084
00:58:29,240 --> 00:58:31,520
Well, if you put it like that...
1085
00:58:31,520 --> 00:58:34,080
Goodbye and thanks for watching.
140181
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