That counter offer was silly. They didn’t want a deal. 15 or 12.5

I need a potion to understand their business model.

Walking away was insane

@sshms414

2 ай бұрын

Probably the right decision you can't book in the York one it's always full

@MF_JONES

2 ай бұрын

Was it insane though? If it works out he gets his full investment back within 1 year and he's still holding on to 15% of a 1.2M net profit, so still taking 180k per year even though he got his full investment back that quickly?

@Sam26039

2 ай бұрын

Spoiler clown

@SpyroTek

2 ай бұрын

@@Sam26039 What?

@AdamBechtol

2 ай бұрын

@@MF_JONES Mmmm

£200k for 5%? They are just there for advertising.

@callum9999

2 ай бұрын

They're projecting a £1.2m profit... I'd agree it's still too high, but its no more unrealistic than the typical pitch on this show.

@WattzOrJerk

2 ай бұрын

​@@callum9999but it isn't worth that much right now though

@user-ce6uq3dn9o

2 ай бұрын

Or perhaps they were looking for 5%....?

@jr5925

Ай бұрын

Feel like a lot of those low percentages are starting positions because they know dragons are likely to ask for considerably more.

@HHHKingofKings58

Ай бұрын

For a business that makes a net profit of £350k per location, that's not unreasonable

They should have snatched the 15%.....they got him to halve his offer!!

@Geoglyph89

2 ай бұрын

Half of 33 is not 15.

@bobstirling6885

2 ай бұрын

@@Geoglyph89 never heard of approximation...okay they got him to better than halve his offer....happy now??

@catman2484

Ай бұрын

AND?! His initial offer valued the business at 1.3 million, on a business that will make 1.2 net!! EVEN IF IT MAKES HALF OF THAT, JUST A PREPOSTEROUSLY BAD DEAL!

@Geoglyph89

Ай бұрын

@@bobstirling6885 You have to know your numbers to get investment. If you mean to approximate, you should let it be known. Your numbers were wrong - I'm out.

@bobstirling6885

Ай бұрын

@@Geoglyph89 ah, bless....a pedant.....

Their potions cauldron shop has such a massive queue outside of it every day that they have to get sales assistants to stand outside and direct the flow of traffic.... I have never seen that place be open and NOT have a queue.

@rmhs19

2 ай бұрын

Maybe a FLOW SIGNAL should be used to help direct the flow of traffic

I think the confusion comes from them taking 300k profit, but reinvesting 200k of it. So instead of saying 300k net profit, of which we reinvested 200k of it, leaving us with 100k. They just said their net profit was 100k

@scottwallbank4794

2 ай бұрын

Yeah, they said during this that they had spent some into the new course. I really didn't understand the confusion.

@AdamBechtol

2 ай бұрын

@@scottwallbank4794 Maybe they gotta concoct drama to cover for being out.

They were smart in the end and are doing very well! 🎉🎉🎉

@trayel83

2 ай бұрын

You would to if you had free advertisement. But their doing less then they would actually be doing with one of the dragons team behind them

Choked on 3%. Lol. People seem to forget the dragons aren't just giving you the money and waiting on their check. Their actually putting a team behind the business. A team that expects to be paid from the dragons cut. What ever numbers you have projected your going to exceed that amount when their team gets involved.

Omg 😳 they blow it for 2,5% ?!

Should have focused more on Toukar he could have had one at every Marks and Spencers location across the countrry!

Confusing business model and numbers. Am I the only one who was lost throughout the episode?

@callum9999

2 ай бұрын

The numbers are confused, but the concept is pretty simple. Its a bar with minigolf that sells custom drinks.

@russnunn2456

2 ай бұрын

I got from that the money they couldn’t explain was the money re invested for set up for the next branch .but yeah I agree was a bit confusing .i think they should be aloud to have it all written down all worked out to a tee so they can refer to that to help in that high pressure situation

@Im_not-the_father

2 ай бұрын

​@russnunn2456 it's "allowed" Russ

This could work!

To be fair they must be doing something right to be turning a shop profit on the Shambles.

yea but i was playing mini golf 15 mins from my house here in Germany last weekend which is 4d, you can feel the wind, everything is 4 with the glasses it effects play, everything is in the dark but illuminated in neon lights, it is simply amazing and looks amazing, not to mention the fun. Oh and it is packed day in day out. I cant see this going far

@leeatkin9583

2 ай бұрын

That what I thought (put aside their other business) crazy/mini golf is like printing money, really surprised the other 4 Dragons withdrew so quickly.

@grahamfree3175

2 ай бұрын

Cheap to build on expensive land, which increases in value once purchase afforded. Plus an easy to clear site when sold to realtors!

sick video guys !

Having Jones on your board would make you much bigger

Why doesn't BBC not publish the pitches those are just there for PR?

Well considering my sister took my niece and nephews to the one in blackpool last year I imagine they are doing good the kids loved it and it wasn't too expensive so they are probably doing well

A good advertising platform.

How are they doing that with the drink? 😮

@Private722

2 ай бұрын

Magic

@AdamBechtol

2 ай бұрын

Ask any decent high school/ college chemist.

Someone needs to let Deborah know that a putter isn't a driver lol.

@Nick-7432

2 ай бұрын

Debbie*

@Helthurian

2 ай бұрын

​@@Nick-7432? Deborah Meaden is her full name. I did realize I spelt Deborah wrong though.

@joelheskey6095

2 ай бұрын

don’t think she cares mate

@Nick-7432

2 ай бұрын

@Helthurian Nah she prefers Debbie or Debz.

I would’ve taken the deal.

They need to use some of that money and Make a Better Looking Mascot.

Tuca doesn’t get out of bed to do a sneaky fart for 5 percent 😜

He looks like uncle Fester

@JonasHamill

2 ай бұрын

Literally all I was thinking the entire time

Look out the window to see what they are driving. That might help with what happened the profits.

Walking away from 15% with Peter is insane. These guys I think came in for publicity.

They believe their own smoke. They're just a putt-Putt golf that will lose interest after a year, I mean how many times is someone to go to that same deal. You turn down 6'7 Peter Jones and his prominence within the business community? That was a big mistake

@sshms414

2 ай бұрын

Made 3.5 million last year

More on the show to advertise. To have someone like Peter Jones offer to go thirds, is amazing. Then he agreed to go down to 15% if he gets his money back is a no brainer but for the sake of another 2.5 percent they say no. Yeap, just to advertise

wow , throwing Peter Jones out of the window! Phew unbelieveable!!

What were they yapping about?

Where’s the serious business program called dragons den with more tense music? This is just a comedy show

It's gonna become like Glasgow's "Wonka's chocolate factory"

@AdamBechtol

2 ай бұрын

;p

Can’t believe they walked away over 2.5% especially after having zero clue on the numbers

Why they make peter go?😂 tallest one there, tiny putter.

Ben DOWN & Phil McCAVITY

We know which one the boss is 🤦‍♀️

They should just focus on selling those swirly magic drinks without the creepy mascot

@suedenim

Ай бұрын

How do those work, btw? Is it some sort of optical effect built into the bottle, or are the liquids constantly swirling somehow?

Love this show and Shark tank shows you starting and running a successful business is far from easy

It doesn't seem to matter anymore whether or not they get a dragon cause in the end the business just ends up not doing that great or they go out of business.

2:00 touker takes off his glasses to get a better look at the bottle 😂

@dimitarafanasjev9284

2 ай бұрын

Not funny

@nicolepretorius1178

2 ай бұрын

You do know people can have glasses only for near-sightedness or far-sightedness?

@ianrae1546

2 ай бұрын

I would’ve had to have done the same.

@TheZombie001

2 ай бұрын

I do the same. It’s called short sighted

@Updownleftright6

2 ай бұрын

@@dimitarafanasjev9284 super funny 🤣🤣

They were just there for advertising.

@coolbeanz1702

2 ай бұрын

Did they tell you that?

fools ... knowing they should have accepted within a few seconds of refusing! Very sad.

So they turned him down for 2.5 % what a pair

Good for them... They shouldn't have even entertained that offer. Valuing a business at 600k that will make 1.2 million net profit is beyond ludicrous... EVEN IF THEY MAKE HALF OF THAT! And what can Peter Jones add to a crazy golf business?! There's no tech, no digital... The guys have been smart there, walking away was COMPLETELY the right thing to do

Well forecasting 1.2 for the first year is an instant double your money. Awful offer. Right decision.

Eid Mubarak 🎉

3 muppets in

Did anybody else listen to the pitch, and have absolutely NO CLUE what they were pitching??!

This episode is years old

Ok cool but Gone Machado just dropped album of the century that’s fr magic

@JonasHamill

2 ай бұрын

Does this work?

@gonemachado

2 ай бұрын

@@JonasHamill idgaf its the truth go google it

that was a mistake

bluuuuuuuurrrrrrrrrghhhhhhhh 🙄

Confusing business tbh.

repost

🥱

Ridiculous disjointed business.

Greedy

Guess I am first?

@gardensoflondonmwgs7836

2 ай бұрын

Well done 👏

What is the point of Evan Davis?

@karjuntsang6365

2 ай бұрын

This is why I prefer shark tank. No Evan and smarter entrepreneurs

@BenjaminGoose

2 ай бұрын

@@aajb53 What the fuck's a "woke quoter"?

@grahamjohnson4702

2 ай бұрын

It's to link the program for the viewers.

@JohnSmith-cs7jg

2 ай бұрын

@@BenjaminGoose language Timothy!!

This program is now a joke

@anubusx

Ай бұрын

In what way?

@johnmorton2832

Ай бұрын

There is nothing interesting on it anymore everything is green this or that

Ethereum 🎉

There is a mini golf in Sheffield called Glory Holes. You can guess theme...

@mattconnor1988

2 ай бұрын

Top tier Mini golf venue😂

@getin3949

2 ай бұрын

There is a glory hold in glass making i,e., the oven.

@freddie_mvp

2 ай бұрын

Makes me want to go now

@AdamBechtol

2 ай бұрын

Mmmm