Fledgling Entrepreneurs Turned Down Half A Million Buy-Out | Dragons’ Den
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- čas přidán 18. 11. 2021
- A pair of candle entrepreneurs try to convince The Dragons that their products can spark some serious profit. Founders, Claudia and Alex explained how for the last five years it’s completely taken over their lives and they couldn’t be prouder of how far they’ve come.
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #Fledgling #BuyOut - Zábava
Sarah’s smile in the end when they got the offer was so cute 😭
My favourite dragon out of the lot. I hope she's still a dragon when I go into pitch my business soon. :D
@@jevinzac8867 iuu
@@jevinzac8867 Good luck!
She also asked the woman if she was okay when the man went for a drink of water. She's lovely
Crazy isn't it, to have a business that sells and makes over a million and you end up still with a loss and in debt.
Rich people never play with their own money
Obviously their businessplan is flawed. The moment a business starts making money you need to start pocketing money and building the capital of the business. If you are forced to put all the gross profit back into the business to keep it going, you don't have a business.
@@FLRSKLVR this is exactly it. One of the first things you'll learn if you study business is that most businesses that fail do so because of liquidity issues (i.e. lack of cash). They can be really profitable, but if you have no cash, you won't survive.
@@seane6599 having cash flow doesn't mean "start pocketing money as soon as its profitable". Seems odd that you're agreeing with this guy and contradicting him at the same time. You're talking about a business that's profitable, but has no cash. How do get in that situation? By taking all the money out. You basically contradicted this guy, but thought you were agreeing with him.. As someone who owns and operates a 7 figure business with healthy profit, this is moronic. Cash flow management is necessary for the survival of the business, "pocketing" money always hurts. Sometimes it's necessary, but it always hurts the business
@@KaninTuzi not true at all. These comments are full of broke people who've never run a business giving out their wisdom 😅. You're just parroting clichés that poor people tell each other. I started my business with 240k of MY money and reinvested well into 7 figures
Bit disappointed that Touker didn't offer them some office space as part of the deal🙁
@@BG-ef8sk Quite
@@misterbonzoid5623 Lol You're one to talk! Reading some of your comments it's clear to see you've never had an original thought in your life😆
🤣
@@misterbonzoid5623 BigGay
Inside these candles they should fit a FLOW SIGNAL.
🤔
This actually made me laugh out loud, good job
One day someone in DD comments will make an original joke.
The candle slowly burned down to the bottom , then all of a sudden "I'm out ".
With the scent of Rory's seaweed
You've had a rough day. You come home and run a bath, lighting a couple of soy-based candles to place at the end of the bath. As you slide in and let the lovely aroma fill the air you notice something coming from within the candle, a glimmer of hope. You lean forward to peek in and reveal your prize...is it a $2000 jewel perhaps? You pull out your treasure to find it's RORY HOLDING UP A RECORD SIZED PIECE OF SEAWEED
Amazing comment 😂😂✅👍
Well, it's better than a non-working egg cooker.
Underrated comment
Fantastic comment dude 😂
Genius
I've got to be honest I am very pleased they got the offer. 60% of something huge is always better than 100% of something small. Amazed by their turnover but lack of net profit though - they really need dragons to help them change that.
May have something to do with them using the corporate card as their own personal card lolol
@@pummer Putting the corporate card onto their normal card would be pointless as they are a couple and are the only shareholders. Basic information. they share money and all their money is from the business. so why not just use that card
@@kurtg1349 Because the money is owned by the business and taxed separately.
@@nathanthomas1742 But at the time it made no difference
because for a long time when their costs were low - their prices drove high turnover and had good margins .. but then significantly higher across the board costs wiped out those margins, but if they had then raised their prices in a competitive market - they would have wiped out their turnover and run the risk of entirely collapsing their customer base and thus their business..
thus high turnover - but no profit..
That was tense. They were so great. I really wanted them to get an offer.
czcams.com/video/j4fDDEW4XvY/video.html
I really wanted to be able to watch this without a spoiler at the first comment! Thanks!
@@adamelston782 I can't tell if you're being sarcastic or not since my comment had no spoilers. Is it not possible to watch a video without reading the comments first? If so, it seems like an easy way to avoid them.
The top comment automatically appears below the video and can’t be missed.
if they had seaweed candle, rory would also be sharesholder
Lmao the sign that you watched too many Dragons Den vids is you know who Roy is 😂😂
When they essentially said they were desperate I was expecting peter to offer 100k for 90% and a hall pass with Claudia once a week
ahaha
lol
czcams.com/video/j4fDDEW4XvY/video.html
And his mum
Hall pass with Claudia. Lol.
What a horrible deal. They don't accept a $500,000 buyout but they let these little TV sharks get a $250,000 valuation on the business. Hate to see it.
It doesn't say how long ago the 500k offer was
@@NeilBlaiberg It's still a horrible deal.
@@s1dest3p better than going bankrupt and getting nothing
The dragons were very gentle with them and kept letting them make comments and responses.
They brought one out for Halloween , so when you pull the ring out it's still attached to a severed finger . 😁
czcams.com/video/j4fDDEW4XvY/video.html
They built a adult version one, a used rubber Johnny with a tramps man juice inside it
@@thealien_ali3382 blimey , you must be knocking on a bit . . Not heard the words rubber Johnny for yonks 😭
1972 called.. it wants its pathetic chauvinistic humour back.
@@remchaill9898 do you know what chauvinistic means? 🙄
chauvinistic
/ʃəʊv(ɪ)ˈnɪstɪk/
adjective
feeling or displaying aggressive or exaggerated patriotism.
displaying excessive or prejudiced support for their own cause, group, or sex.
Rory will take over England in next few years all while remaining a humble seaweed harvester learning valuable lessons
Touker should package up his office space in candles. He would sell heaps of it!
The entrepreneurs knew what they were doing. They seemed confident.
It's so nice to see people accepting offers like this. Even if the equity is much larger that first expected, they made the right choise. Good for them. I really hope they do good :D
They turned it down.
@@grum4362 lol what a way to put it
Bloody awesome. Well done
They were very honest and possibly that is what got them the life line
Honest, and had all the numbers and answers ready. It made a good impression.
He looks like a shop mannequin magically bought to life
Mmmmm... yeah..
Love that Fairytale music - fits the Dragons' Den
Good for them! Fighters through and through.
I'm waiting for the day Nerd Culture arrives in the Den and instead of walking to the wall the entrepreneurs just discuss with each other in Klingon in front of the Dragons.
That was a great watch 🙏 Impressed
I'm so happy for this nice couple and of course, the 2 investors could make a deal.
It’s so cool seeing a company on here that I’ve already used! I love these candles, altho now there are a few other copy cats
Impressive entrepreneurs, novel business model and they clearly know how to build an audience and a business.
Cant blame them its hard to let go of your baby.
I’m so glad they got a deal
Well deserved 👏🏻
Nahh that's love right there! The man said 'this is a face of excitement' and she thinks that's funny 😂😂
Was probably a bedroom inside-joke
If Sara says “journey” again I’m going to flip a ******** table.
That's needlessly dramatic.
@@Locutus what do you think he should do instead m8?
@@aliasad2143 They should seek anger management classes.
@@Locutus I’ll flip your table!
@@The_Lone_Wanderer_101 You need to seek some therapy.
This is basically gambling. I hate these types of products that basically try to make loopholes in real life. They get around the laws by placing the mystery item inside another product. Marketing the product by saying if you buy a 20 dollar candle you can get a 2000 piece of jewlery.
Yeah this is just pokemon and magic the gathering cards for people who like nice smells
It's a big market whether you like it or not.
Everyone loves a gamble stop crying you melt
@@EverthingsApple no one said it wasn’t a big market
What laws are they skirting?
Lovely couple! All the best to them
I hope they do well. Everyone makes mistakes and they were thrown a life line at the right time.
They are sooo nice man glad they got the deal
bravo! tot respectul! si bafta!!!
Oui oui. Je suis la croissant hon hon hon
International dragons den magnet for every one
I'm surprised this doesn't leave them massively open to lawsuits from people burning themselves trying to pull jewels out of hot wax.
I don't see how such a lawsuit could possibly win in a UK court.
Knowing uk, there must be some warning on the label somewhere
Tweezers.......
We've had these candles with the hidden jewelry for years here in the US. I used to buy coffee with hidden jewelry also. It's a cool idea, i hope they do well.
Edit- they turned down half a mil? Noooooooo!
I was just going to make that same comment lol
Why would you want coffee with hidden jewellery inside lol
@@AdamMusic944 Why would you want a candle with hidden jewellery inside?
(Plot twist; Different people like different things.)
@@oxymoron02 Yes I take your point but one sounds a chocking hazard lol
@@AdamMusic944 you eat dry coffee?
I mean fair enough they probably got that offer for 500K from other company year or so into the business when they were making over that so my guess is that's why they declined.
yes sales were over 1m but profits were in the minus every year so made 0 im sure 500k in your hand is better than 0 lol
@@simonfarrimond3664 first two years there was no loss tho
Rory can teach them how to sell SEAWEED
He would be a humble teacher.
He's a hunter, not a seller;)
Whilst he's not eating it. Have you seen the size of his Gut!
No seaweed. No profit. Simple as.
- Rory the seaweed hunter
Best job in the world!
Can we talk to the wall?
Yeah go ahead
Wall- borger
I don't know how long this company has been around but I live in Canada and we have a store here that sells things like this and has been for a couple of years. I thought that I was "late" to the party discovering it.
Huge revenues, with barely average salary profit. Hmmm. reminds me of Lings Cars.
Salad box from the market
Now they own craftovator! Amazing how far they’ve come ❤
Thank Heaven for Touker... He's one of the only Dragon's that will help out a company in trouble... most of the Dragon's only want a pretty sure thing...
Dragons den reminds me everything is money around u!!
I have one of these candles! They are so cool!
Do you have seaweed aroma one?
How can you do proper accounting when you are using the company card for personal use?
my boss took us out for rinks, he made us go to the supermarket for offiuce snacks using gthe company card, so whats teh difference. they could have just taken a salary, so either way it comes out as deductions and expenses. next please
@@dsmsl9734 "next please" 🤮
I was surprised that the dragons didn’t make a bigger deal out of that
@@dsmsl9734 you're right that they could have just taken a salary, but that absolutely would have made accounting cleaner. I've made the mistake of doing both. Pull your salary. If you're using the company account for personal expenses, it's a nightmare. Your boss was categorizing those as business expenses, you just couldn't figure it out. The business paid for that, not your boss, and if he owned the company, he was just helping his tax liability
when Tej looked at Tukka i knew they would split it
The best part of this video is when the auto subtitles called Touker “Tucker Sullivan”
Facebook ads are getting tougher for sure, and raw material costs are going up for everyone
Peter was a little smug with his comments, young couple trying hard with little money, Peter a millionaire, yes a bit smug Peter…
Aww i like these 2.
Touker forgot to tell about giving London office space
One of the best pitches ever.
Not sure if the deal even went through, liquidated in 2020.
shame.....
It didn't
Anyone know how they got on after this?
12:19 sara is to kind
Where can I get one of these? would make a nice present for my house mate.
imperial candles
I would love to be on this show one day! i just need to find ideas to get me on here :)
Same
create water powered robots
How about hunting seaweed?
For information this company dissolved in 2020. It’s a shame because they seem like nice people. They’ll be kicking themselves for not taking the half a million. Anyway lessons learnt hopefully for the pair
FYI, they now trade under imperial essences limited. Accounts show 400 thousand shareholders funds. But they have 3 additional directors, so something interesting has happened
@@the_deputy2327 thanks. Will check out on CH later on
The company was dissolved via a compulsory strike off in November 2020
I wonder how much of that was down to covid. Granted they were struggling anyway, but I can't help but ponder if a lot of people started doing this sort of thing on their own, plus others finding they couldn't justify the spending anymore, cancelled Christmas and birthday gatherings etc.
Their website is still selling and active though
@@smudgeit a company can technically still operate once dissolved but it ceases to legally exist, I’m not an expert on this but to me that tells me the company isn’t in a good place at all
@@lindsey6421 They now actually trade under imperial essences limited. Company number 12261011.
Accounts show 400 thousand shareholders funds. But they have 3 additional directors, so something interesting has happened
Check to see the website belongs to the company, it could be transferred to another company or to themselves as self employed.
They Definitely should have taken the £500,000 and put the money into something new! at this point they could have made a new proposal to the dragons with something bigger and better!
How much is that after tax?
Hey it's Serenity by Claudia and Alex (and Jan)
That one night .. you made everything alright
"Are my eyebrows still on?"
I thought Sara might have got them a slot on TV selling.
Are they gonna get an office space in London?
I feel like I saw this pitch already?
Financial Abyss.. is there anything else for small business in Europe?
Why would you not sell
Happy Friday! What's for lunch?
burgur
Don't read my name;*;#;*!@
Never tell the dragons you have come to the brink
Better to tell the truth or else the offer will be rescinded later on discovery.
@@obgprasa precisely - they would definitely lose the offer for lying or withholding key information an investor needs to know!
@@NigelOdinson they didn't need to show they were so desperate. They could have said the situation is not good but they have offers or a plan b
To me it always seemed that the dragons were so blatantly trying to rip off these small, vulnerable businesses. That being said, they have forgot more about business than I will ever know.
Pot noodle for me!
Lovely couple.
Lootbox candles!
Entrepreneur: hello dragons, this year we've turned over 9 hundred and 50 million, 2 hundred and 20 thousands pounds and 48 pence
Dragons: 🐸 go on then...tell us ur net
Entrepreneur: a loss of 450,000
😂😂😂
Principal one; once business starts to fall it will fall drastically, and vice versa. 5k in bank from million.Crazy
It depends brother......I've had 7 figures in the bank for my business and last week I was under 10k and the business does over 4 million a year. The account being empty was not an indication of my businesses health. If you look at the actual balance sheet, I've stocked up on 3 million dollars in inventory, I have 0 debt, and net profit margins consistently over 20%. I was forced to spend all my cash because the supply chain is so fucked with this pedo president
max verstappen when he is not driving, selling candles
Basically lootbox candles lol
I’m really glad Peter didn’t pay them to have his way with the young woman while the husband sat in the corner and watched.
Could be good Xmas gift
If Borat and Freddy mercury had a love child 😂😂😂
If you were able to generate 7 mill then there must be something good in the business.
Hvorfor selger de seg ikke inn til hotell bisnis selge såpe til hotell?
Cheeky them dragons
Love Deb!
Company bankrupt. Terrible investment. Went to $0. Ended up owing millions.
Thank god they took the offer!
They way she looks down at 0:47 after he says she didn't have a life 😭 I hope she's ok 😥
He said "we" , she's okay
Tuker is magic
Isn't this an MLM type business model now?? I always want to try it buying a candle or bath bomb then read up on it again 😅 still haven't.
Mlm isn't about the product. But yes, most mlms sell candles. Mlm is a business model that forces its own employees to be it's main customers, while at the same time prioritizing its employees recruiting more people to become employees themselves. This creates a near infinite distribution chain funneling money to the top.
Historically the dens clock has shown 12.30 - 13.50 ...
Do the dragons film this in their lunch break 🤔
Wow… candles…now thats original…. Yup.. woweeeeeee
lunchtime crew
Xmas present for Mrs sorted.
lol
Im actually really happy for them, they seem like good people
So are the killers
No such thing, only God is good.
10:43 😭😂
I assume they were bought out as when you put in imperial candles, a royal essence candle described the same way came up. Not sure if they have just rebranded or been bought out 🤷♀️