The £4 million business – Dragons’ Den: Series 15 Episode 3 – BBC Two

The £4 million business – Dragons’ Den: Series 15 Episode 3 – BBC Two

July 16, 2019 100 By William Morgan


So you want two hundred thousand for 5 percent. That’s right
So 4 million pounds
Yes.
I am assuming evaluation of 4 million pounds
must have some sales
No
We have
put it in places but it’s processed product
You put it in places, how many?
Five in total
A trial product with zero turn over and
Evaluation based on future potential
can be a little cocktail in the Den
Is a hangover already setting in
For Peter Jones
I am Ok with people investing in business where
it’s pretty revenue understand that model
How much money have you raised for this business
2 million to date
You have spent 2 million.
Yes
Where did you get that 2 million from
A private investor
And he said I really like the idea.
Yes
And his company has invested 2 million pounds
To date.
And how much of that 2 million is still with the business?
It’s all spent
So you spent the 2 million
Who owns the company? he owns 90 percent, I own 10
Ohh
Ok. He is here waiting to come in
No
Why?
He is on holiday at the moment
You should brought your investor here
He got 90 percent shareholder and it’s not here
and that’s, that’s a big thing
I need to drink
Michael’s admission that he owns just 10 percent
of the company that already some