Peter Jones Thinks He Can Turn A Tea Business From £2M Debt Into £1BN In Profit | S18 | Dragons' Den
Ойын-сауық
Dmitry Klochkov and his business partner are next to face The Dragons. They're valuing their company at almost a whopping five million pounds and are confident that's what their business is worth. Peter Jones believes he can get the company to make even more money, but will any of The Dragons shy away from the hefty two million debt the tea entrepreneurs have got?
They're seeking an investment of £70,000 for 1.5% of their tea company, Off Blak.
Season 18, Episode 1
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 #BusinessPitch #OffBlakTea
Пікірлер: 263
Toulker doesnt get out of bed for less than 45%
@cryt6381
Жыл бұрын
@dj Billy E, I made a top ten facts on the dragons den. Average equity is 40% so touker goes the extra mile haha
@sjaymabaso9391
11 ай бұрын
🤣🤣🤣🤣🤣
@buyisiwetshabalala7261
11 ай бұрын
Hehe
The person in charge of Kitchen Nightmares KZread video titles really should be hired for Dragon’s Den.
@scoundrelkeklord6827
Жыл бұрын
Absolutely. Maybe then whoever writes the titles now would not be able to spoil the whole bloody episode.
No amount of caffeine in that tea will get Touker out of bed for 1.5%
@jamesstead2256
Жыл бұрын
Unless he can give away some Offices
@gideon6723
Жыл бұрын
Theïne
@thealien_ali3382
Жыл бұрын
I wana do touker
@kashif9145
Жыл бұрын
@@jamesstead2256 he has stopped offering his office space!
@jamesstead2256
Жыл бұрын
@@thealien_ali3382 Especially when he is in a baby's nappy 🤣🤣
Peter has been unusually quiet today
Touker: "Would your tea bags like some office space in London?"
@edward9643
Жыл бұрын
Ha ha- 😂 oh so true
@cryt6381
Жыл бұрын
This would be a top comment winner on my channel🤣
@Gonken88
8 ай бұрын
Offith thpathe.
Taj always looks like he's just smoked with Snoop Dogg.
This company is now worth over 10 million USD and have expanded overseas to China, Philippines, Russia and South Korea. Impressive in such a short amount of time. Mr.Jones knows what he’s doing!
@aebimomi
Жыл бұрын
The guy is a visionary.
@bluceree7312
Жыл бұрын
Never heard of it. Then again, I'm not a millennial.
@eivmo1926
Жыл бұрын
@@bluceree7312 I'm and I have never seen this.
@sjefhendrickx2257
Жыл бұрын
USD is not real money…..
@olukunleakinola7133
Жыл бұрын
@@sjefhendrickx2257 oh wow for real?
If tea companies and consumers really want to be eco-friendly, there is a very easy way to do it and it existed long before teabags on string. Buy it loose in a can with a reusable lid and use a teapot and tea strainer. These kinds of 'lifestyle' products I do not find in the slightest bit appealing and if Deborah Meaden was really that eco-friendly, she would call out this kind of business and declare herself out from the outset. Think about it, why on earth do you need to have a selection of teabags packed in a fancy, unnecessary box, probably put inside another box for delivery to your door. This may be targetting millennials but the millennials would be far better off making a lifestyle choice of buying things like tea from their local high street/village shop and supporting the local economy and small retailers.
@bluceree7312
Жыл бұрын
That's how my parents used to do it and it tastes so much better. This is why I rarely drink tea, all these teabags taste like red, pink, green, purple water.
@revenant7734
Жыл бұрын
Well said
@lars_asmr
Жыл бұрын
Could not agree more with this
@InfraynorGB
11 ай бұрын
@@bluceree7312 OP makes a pertinent point that had the ironic effect of compelling you to oust your low quality taste buds. Very funny.
@TheCheckit96
5 ай бұрын
Oohahahah...red, green , purple water...lol. Holy water one of my faves by bad company.
Pretty much described the whole episode in title of the video. Thanks for that
For once Peter's offer was not greedy - i hope they do well
@xnec14
Жыл бұрын
His offer was over 6.5 times more than they wanted but it seems reasonable since it's just 10%!
"To be bought out by a larger company, in about 7-10 heads from now" "How many"? "7-10 years" "I will be in a wheelchair by then" 😭😭😭😭
@cryt6381
Жыл бұрын
This would be a top comment winner on my channel🤣
Finally they invented Tea.... Soon i hope they will invent the wheel.
Peter clearly thought this is a gold nugget, he can hardly cover up his excitement, and roasting the others like he won a board game
One of the most consistent dragon is Peter.
The company paused trading in 2023 to decrease costs with debts over £3m. They are overdue for their latest financial statement.
When they say we are on a mission, time to say I'm out 😂
something tells me, this deal did not happen. Cant say for sure, but this aired in April 2021, and they Twitter dies in October 2021.
@user-lz7kq8ne9e
Жыл бұрын
That company is worth $2 billion now Peter was right
That box looks bigger than the letter box opening
@MobileGamingLounge1
Жыл бұрын
Easy to fix
@mojojojo3796
Жыл бұрын
@@MobileGamingLounge1 yup, the entire country needs to replace their postbox.. simples
@holyghost168
Жыл бұрын
@@mojojojo3796 I will give you all of the money, but I would want 49%
You need to speed up...His reaction killed me 3-4 years to make a advent calender
@BenjaminGoose
Жыл бұрын
"a advent calender"? In English we would write "an advent calender".
@AdamIslam-mc5nd
Жыл бұрын
@@BenjaminGoose ok
@avinci3116
4 ай бұрын
@@BenjaminGooseoh boo you
Pretty sure every packaging can be technically recycled in the council bins.
That was fantastic
Thats was some wholesome negotiations.
BenjaminGoose is apparently coming up with his own tea product, he's calling it "PG Tips". It's a bag of tea that you can dip on water to make tea without the bits. He claims that he came up with the idea in 1895 and anyone else copied him
@gerbil61
Жыл бұрын
BG Tips?
@randomnetfiend
Жыл бұрын
@@gerbil61 haha
@kaj661
Жыл бұрын
@@gerbil61 hahaha nice
@scienceevolves4417
Жыл бұрын
😅😅😅😅😅 Genius
This is pretty bad treatment of their existing investors. Those folks had to pay a much higher price: they paid 300K for 5%. They then gave Peter the deal of 70K for 7.5% just one month later. Not only is that a giant price discrepancy, but it also immediately dilutes them. Everyone involved understands this, so it's confusing to me why Peter would want to work with founders who would treat investors this way. After all, if they do it with you, they'll do it to you.
@AH-te5gs
Жыл бұрын
I doubt that when those investors came on board a month before them going on Dragons' Den, their coming on Dragons Den was not part of that conversation.
I can see it so clearly now. Social distancing made us all look utterly ridiculous.
Nice
There is a reason Evan Davis stays on the ground floor of the Den and why they installed a lift and got rid of the stairs. It's for the Dragons' peace of mind and security. In the past it was far easier for Evan to disrupt a pitch by tearing quickly up the stairs, at least now when a pitch is in process and they hear the lift moving they have time to prepare themselves and warn the entrepreneurs to find a safe space.
@jamesstead2256
Жыл бұрын
Evan Davis lives under the Stairs My Precious
@gman7038
Жыл бұрын
It's not actually a real lift.
@adamlacey81
Жыл бұрын
@@gman7038 obviously, even better security from Evan's antics.
@chrisparti
Жыл бұрын
His puns 🤢🤢
@NoelIRE
8 ай бұрын
It's not a real lift. The whole place is a set on a studio.
Seeing the plastic tea bag, i wouldnt even try the tea and would call out straight away 😖😖😖
Didn't see that one coming
That relief at 10:43
@12:40 😂 Touke's reactions are too funny😲
Marshmallow giving boaties insurance 😂
Unfortunately, a quick search on companies house, shows this company is no longer trading and has debtors of over £3 million. Obviously, Peter never ended up investing, and Touker was once again spot on.....
@anthosm
5 ай бұрын
The deal was signed.
@crypticcomputing604
4 ай бұрын
@@anthosm for the show.
@anthosm
4 ай бұрын
@@crypticcomputing604 what? the deal was actually signed after the show. At least that's what's listed on a wikipedia article that follows whether the successful pitches end up getting signed or not.
They are doing really well
I bought some special off black chocolate tea in Harrods because the packaging really stood out and try’s tme this tea is something else 👍
@thealien_ali3382
Жыл бұрын
I once made love to a pigeon I did it deep
To think we are all ordering tea from the internet these days, so obvious...said nobody ever.
@scienceevolves4417
Жыл бұрын
Yes.. and of course we are all sending a packaging to the producer by RM special delivery after we've used the product so that they could kindly recycle it for us! 😂😂😂😂😂😂
Nice to tea guys!!!
A billion pound tea company?? Now i heard it all 😂😂😂
4:45 Peter reaction to Deborah’s comment is priceless😂
@Hutchyy
Жыл бұрын
A smile and slight laugh is priceless..?
@paulgamble8531
Жыл бұрын
OMG!! Did u see the way he slightly smirked? 😏
Can someone tell me what is so special about the tea? It's basically a copy of Twinings.
That has to be the lowest offered equity percentage I've come across on this show. One and a half percent??
I can't believe they got some investment, it's ridiculous.
@akywongster
Жыл бұрын
It’s worth 10 millions usd today
@onweniprincessashinze982
Жыл бұрын
@@akywongster profitable? Or what's it's ARR?
@scienceevolves4417
Жыл бұрын
@@onweniprincessashinze982 still making a net loss😅
That was a good tactic to get the % down
This is what sets Peter Jones apart, of course all the other Dragons were utterly gutted.
@keyquestions
8 ай бұрын
They were dumbfounded at first, and it seems they were right to be
Touker foreseeing himself in a wheelchair! 😢😮
@RockyDave
Жыл бұрын
...And he wouldn't get out of it for 1.5%.
A couple of diluted tea leafs😂
What business are they offering? Tea for.. Millennials.. What's that?
Peter: Do you know anything about me? Dmitry: Heard a few stories. Peter: Have they been good stories? Dmitry: ......Sure. Why not.
@thealien_ali3382
Жыл бұрын
Lol
@scienceevolves4417
Жыл бұрын
Peter: do you know anything about me? Dmitry: do elaborate please Peter: well I own Jessops. And if Jessops wasn't selling what we're selling, we would be selling tea. How does that sound? 😅😅😅
2:28 and touker is the first to be peed off.
@randomnetfiend
Жыл бұрын
He's getting old and grumpy.
the company still exists so thats gotta count for something
I wonder if any of these things fail after these guys invest
Plastic in the tea bag ????? Micro?
Touker Is A G U KNOW! 😂
Jenny: selling a 2009 Cheryl Cole calender that has unique value because it contains my signature NOT Cheryl Coles!
I love Peter says they're all gutted cause they lost even though they all backed out aaaages ago without even making an offer so clearly they didn't want it haha
What business was Peter talking about when he said it was loosing 400k / month, and its now worth 1 billion??
@keyquestions
8 ай бұрын
Probably some tech start-up that will go bust one way or another
Tea… rrific….. ☝️😳☕️
"my little daughter" did TOOKER become a DA at 70?
In this arena £70,000 is peanuts!! Don’t get it why the other’s didn’t jump in??? 😅😅 Now the company is worth something!!
@nisnga147
10 ай бұрын
no its not. They are not even trading on their site. Their socials are totally dead.
Have to do a deep dive on this company, top notch work!
@keyquestions
8 ай бұрын
Top notch at losing 1.2 M 😂
That was a bad deal by Peter at the last minute, willing to drop his equity to 7.5% for a measly 70K, of what could be potentially a multimillion pound company. why did he do that?!
@PharmacyAve
Жыл бұрын
Yeah he should have added the 30,000 pocket change for him
@billyscorner2232
Жыл бұрын
it's nice to see he is not totally greedy.
@EstrellaViajeViajero
Жыл бұрын
I think it was for a measly $30k.
ooooh i likey !!- "would you be willing to increase your contribution to 100.000 on the basis you are getting 10%? "
Poor Tooky, got less than five years to live
Allegedly their company is now worth $10 Million.
@thealien_ali3382
Жыл бұрын
I like hairy ponies now
@BenjaminGoose
Жыл бұрын
I value it at $0, so you're wrong.
@DficienC
10 ай бұрын
No, the company mentioned in this video, valued the company at $10 million before this was shot.
Why they don't stand up and shake hands?!!!
@jochenheiden
11 ай бұрын
This was filmed during COVID.
dissolved 2020, these kind of companies is whats wrong with the financial world, all sounds a bit dodgy
Poor negotiating tactics. Peter said he will make the company 1billion. Tell him 5% of that is worth a lot more than his 70k.
Barbara just conference called to state that this is potentially a fabulous investment and that she really believes in the individuals and that she can turn this into a $10 billion company.....and therefore she's out.....
@rileywebster5632
Жыл бұрын
Wrong name. Spoiled your own joke hahaha
@Sb-er6bs
Жыл бұрын
Can't believe he spelt Jenny wrong
Imagine being named after a machine gun
There was so much wrong with this pitch: horrible valuation, huge debt, poorly executed promises of sustainability...... and it still got an investment 🙈
Nope, I refuse to buy online & subscribe to a business like that. If I'm getting tea it's at a store or tea shop.
Zara is out ! And I haven’t watched the clip yet.
Think at this point Peters just got too much money he’s lost it
@randomnetfiend
Жыл бұрын
SO TRUE
Nope... definitely a Yorkshire tea man....
Peter's not the richest guy in the room for nothing.
Now, is it a billion dollar company yet?
he could of asked for 20% the way they are loosing money every month
does sara ever invest ??
does everyone just get an offer these days?
I think those 2 chaps are worth investing in.
Why would you make a product that only targets a specific generation, so weird
Isn't this just Bird and Blend, but boring? High quality teas ✔ Tea subscription that fit into the mail box ✔ Sustainable ingredients and packaging ✔ Fun and exciting flavors ❌
Peter not only gave them a bone, but when the pair negotiated for 2 bones, he gave them 2 bones with ridiculously large quantities of meat on it. Peter could have asked for 20% for 70k and they would have had to agree, leave alone 10%. The 2.5% equity return on repayment was very generous indeed.
Peter buggered up here. He gave away 2.5% of all future assets for £30k. 2.5% of a billion dollar business = £25m. Even a £100m business = £2.5m…
@davidholgate123
2 ай бұрын
No, he didn't even take up their offer of more capital for less equity and instead proposed a new offer of ratcheting down the equity after he was paid back which they accepted... He added on the extra percentage anyway for his expertise, above the price other investers had paid, on top of a discount they had already factored in... And after being paid back, he's basically got free equity in a multimillion pound business or even a billion pound business if he's prediction is correct.
cant value a startup at 5 million just ridiculous but peter is 9/10 always right
Could be the Levi roots of teabags
@stephaniew7093
Жыл бұрын
that sounds so dirty lol
@randomnetfiend
Жыл бұрын
um, nah! BANKRUPT.
How do the dragons value a business?
Aggressive businesses backed by financial pockets are hungry vultures devouring market share via market capitalization. dont understand dragons anger on net losses in initial rounds, because new businesses nos 1 goal is not profit but market seizure/turnover. Peter taking 7.5% @ 70K is valuing business at less than a million pound. Good deal for something that's already raised money at 6 million value.
It actually blew up in the US and Asia - Company is worth around $10m in 2020 lol
@austinbux
Жыл бұрын
Theres been no activity on their social media for a long time and their web domain has expired. Any idea what happened to the business?
@randomnetfiend
Жыл бұрын
@@austinbux 3 weeks after airing they were bankrupt. It was never gonna work.
@user-lz7kq8ne9e
Жыл бұрын
@Austin Bux they got a new domain name and their company is now worth $2 billion Peter was right
If you ever pass the warehouse building when Dragons' Den isn't on the air, you will sometimes hear the odd cry or see an appearance from Evan Davis pacing about the premises trying to come up with new puns for the next series. If he sees you, walk away.
@adamlacey81
Жыл бұрын
Wow, you came up with that? Impressive.
@randomnetfiend
Жыл бұрын
you keep on trying don't you.
@kaj661
Жыл бұрын
Dear lord what a sad little life Jane
oooo peters lips are tight, but has he been unusually quiet?
Touker will get out of bed for 5.1% but to put on clothes he needs at least 10%
5:00 They hired the sloths from Zootopia to do the product development, didn't they? Only logical reason for it to take that long.
Yet another subscription based business....
Imagine making tea from tea dust bags, lol commoners.
what is this bloody Comp called ffs
Jenny: “I’m a coffee drinker not a tea drinker, and for that reason, I’m out!” (Obviously it’s just a joke, Jenny could be a tea drinker)
@JazzyMarineVet
Жыл бұрын
poor Jenny :-( sniff sniff.
@OperaJH
Жыл бұрын
Jenny’s not even in this episode. So….
@jamiedavy_
Жыл бұрын
@@OperaJH I know! She’s out! 🤣
@OperaJH
Жыл бұрын
@@jamiedavy_ so why even bring up someone who’s not even there, has nothing to do with the goings on in this episode and think it’s funny? Where the humor?
@jamiedavy_
Жыл бұрын
@@OperaJH So many people do it! Aren’t you going to reply to all the other comments and tell them to stop the Jenny jokes??
Help
@internet_userr
Жыл бұрын
I will... Not
@dholaholics
Жыл бұрын
@@internet_userr hahaha 😂
Why does Peter Jones wear that badge on his suit and have a branch in his pocket? Seems a bit cult like. Why has nobody picked up on this before? or to the coments get removed?
@DJcyberslash
5 ай бұрын
It's a pocket square lol. Did you vote for Trump?
There is a well liked comment on this video stating this company is now worth over $10m but this doesn't paint the full picture. If you google the company the first result that pops up states the company is valued at $10m according to seed cash. So nothing to do with actual sales. Moreover their online sales are 'temporarily unavailable', their instagram hasnt been updated in over a year and I've never seen or heard of their products before. Think Peter lost this one