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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:02,000 --> 00:00:04,560 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 6 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... 11 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. 16 00:00:36,240 --> 00:00:39,000 Have you ever met someone who's got that ambition that he wants 17 00:00:39,000 --> 00:00:40,960 to be free from life and be a billionaire? 18 00:00:40,960 --> 00:00:42,040 What?! 19 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 21 00:00:46,640 --> 00:00:47,720 for a fight? 22 00:00:47,720 --> 00:00:50,040 Tonight... We present to you... 23 00:00:50,040 --> 00:00:51,640 ..the pork scratching. 24 00:00:51,640 --> 00:00:53,040 ..it's all about passion... 25 00:00:53,040 --> 00:00:54,800 There's a lot to it, Peter? 26 00:00:54,800 --> 00:00:57,040 Just calm down a bit. ..and pressure. 27 00:00:57,040 --> 00:00:59,280 If you don't get investment, you're going to go bust. 28 00:00:59,280 --> 00:01:01,200 The entrepreneurs who gave it their all... 29 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. 31 00:01:04,320 --> 00:01:06,520 I am so sorry, but I am going to pass out. 32 00:01:06,520 --> 00:01:08,520 Are you kidding me? Is this actually happening? 33 00:01:08,520 --> 00:01:10,320 Sorry, please, can I start again? 34 00:01:10,320 --> 00:01:13,320 It's only the best ever pitches seen on Dragons' Den. 35 00:01:13,320 --> 00:01:15,560 Yes! Brilliant. 36 00:01:15,560 --> 00:01:18,240 This little piggy has gone to market. 37 00:01:48,320 --> 00:01:51,800 The Den is synonymous with two things - 38 00:01:51,800 --> 00:01:53,440 passion... 39 00:01:53,440 --> 00:01:55,520 It's my everything. It's my baby. 40 00:01:55,520 --> 00:01:56,600 ..and pressure. 41 00:01:56,600 --> 00:01:58,760 This is tough, isn't it? Sorry. 42 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 00:02:05,600 --> 00:02:07,360 Absolutely bricking it. 45 00:02:07,360 --> 00:02:11,160 You know when you've got passion for something, it involves emotion. 46 00:02:11,160 --> 00:02:14,280 Some blow their chance... I've not come here, I've not prepared, 47 00:02:14,280 --> 00:02:17,120 I've not done the evidence, I've not done the research to come here 48 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 00:02:33,800 --> 00:02:36,480 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. 56 00:02:41,440 --> 00:02:44,200 It is an absolute pleasure to meet you. 57 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. 60 00:02:53,200 --> 00:02:55,200 Thanks for volunteering, Touker! 61 00:02:55,200 --> 00:02:58,080 Now, whatever you do, try not to be shy. 62 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 67 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 70 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? 72 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 00:04:24,880 --> 00:04:29,800 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 00:05:22,320 --> 00:05:23,480 Here we go. 112 00:05:23,480 --> 00:05:27,840 Here's a pair of confident young men with plenty to say for themselves. 113 00:05:27,840 --> 00:05:31,120 We have the value of being amazing, so in everything that we do, 114 00:05:31,120 --> 00:05:33,680 we try and make sure we're the absolute best at it. 115 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 00:05:52,720 --> 00:05:54,800 ..the pork scratching. 122 00:05:56,000 --> 00:05:59,000 We set out two years ago to take this little piggy 123 00:05:59,000 --> 00:06:02,600 to markets he's never been before. 124 00:06:02,600 --> 00:06:06,280 There was an unfortunate bad taste in the mouth of Sarah Willingham. 125 00:06:06,280 --> 00:06:10,080 Nick, Andy, you guys are so backable, but pork scratchings 126 00:06:10,080 --> 00:06:13,000 make me gag, so I'm really sorry, 127 00:06:13,000 --> 00:06:15,640 I can't. I'm not going to invest. I'm out. 128 00:06:15,640 --> 00:06:19,240 The porky pair put Sarah's taste buds to one side and didn't 129 00:06:19,240 --> 00:06:23,360 let the setback dent their optimism about their forecasts. 130 00:06:23,360 --> 00:06:30,040 We fully expect £6.9 million turnover with a £630,000 net profit 131 00:06:30,040 --> 00:06:32,120 within the next three years. 132 00:06:32,120 --> 00:06:35,280 We really believe in where this product's going to go. 133 00:06:35,280 --> 00:06:38,960 Together, let's make the piggin' magic happen. 134 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 00:06:50,080 --> 00:06:52,920 Oh, my God! OK, OK, water! 139 00:06:50,080 --> 00:06:52,920 LAUGHTER 140 00:06:52,920 --> 00:06:55,280 ..he saved the pair's bacon. 141 00:06:55,280 --> 00:06:57,960 Wow. OK, now, you know, obviously I... 142 00:06:57,960 --> 00:07:00,560 HE CLEARS THROAT 143 00:06:57,960 --> 00:07:00,560 ..have a natural preference 144 00:07:00,560 --> 00:07:02,680 for all things porcine. 145 00:07:02,680 --> 00:07:04,680 Look, I'm going to make you an offer. 146 00:07:04,680 --> 00:07:07,840 The Dragon added the business to his PORK-folio. 147 00:07:07,840 --> 00:07:09,400 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 155 00:07:28,920 --> 00:07:32,040 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. 158 00:07:39,960 --> 00:07:43,200 Personality can go a long way to opening doors in business, 159 00:07:43,200 --> 00:07:45,600 but it can't guarantee success. 160 00:07:45,600 --> 00:07:48,440 Our next entrepreneur has plenty of personality. 161 00:07:48,440 --> 00:07:52,720 He's former professional boxer turned inventor Clay O'Shea. 162 00:07:52,720 --> 00:07:55,400 So, has he got the product to make a great business? 163 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 00:08:28,760 --> 00:08:31,440 and I've come up with a really good idea. 170 00:08:31,440 --> 00:08:33,120 And with my beautiful idea 171 00:08:33,120 --> 00:08:35,280 and your beautiful brains, I feel that 172 00:08:35,280 --> 00:08:39,280 there's no reason why Abspack can't become the best bit of kit 173 00:08:39,280 --> 00:08:41,640 in the UK, maybe even the world. 174 00:08:43,880 --> 00:08:46,560 Abspack is simple. It's so simple, 175 00:08:46,560 --> 00:08:49,120 you wouldn't even know I've got it on. 176 00:08:51,080 --> 00:08:53,680 So, look, here you have a normal spine. 177 00:08:53,680 --> 00:08:55,880 This is quite impressive coming from me, right? 178 00:08:55,880 --> 00:08:57,360 It's called a lumbar spine, that. 179 00:08:57,360 --> 00:08:59,320 It's the natural curve in your spine. 180 00:08:59,320 --> 00:09:02,000 Most sit-ups are done with a flat back. 181 00:09:02,000 --> 00:09:05,080 That puts stress on your lumbar spine, 182 00:09:05,080 --> 00:09:09,120 degenerates your lower discs and wears out your facet joints. 183 00:09:09,120 --> 00:09:12,640 Abspack fits perfectly into that curve. 184 00:09:13,800 --> 00:09:16,880 So now I'm going to give you a little demonstration on how not 185 00:09:16,880 --> 00:09:18,480 to do sit-ups. 186 00:09:18,480 --> 00:09:21,680 How many times in the gym do you see the old neck moving? 187 00:09:21,680 --> 00:09:23,880 That's not a sit-up. That's a neck-up. 188 00:09:23,880 --> 00:09:26,680 "Agh, my back's gone! My neck's gone!" 189 00:09:26,680 --> 00:09:28,120 So now, look at this. 190 00:09:28,120 --> 00:09:30,600 I'm om a perfect... I can sit and watch TV like that. 191 00:09:30,600 --> 00:09:32,960 The only thing that's moving on me now is my abs. 192 00:09:32,960 --> 00:09:36,080 There's loads of exercises that I've made. There, it's just my abs. 193 00:09:36,080 --> 00:09:38,960 This here, my neck's not moving, just my abs. 194 00:09:38,960 --> 00:09:41,680 No chance of any trouble. 195 00:09:41,680 --> 00:09:44,920 Now, once you do Abspack, you'll never turn back. 196 00:09:44,920 --> 00:09:46,520 Please, help me. 197 00:09:49,760 --> 00:09:52,320 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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