Dragon_Den - Umbrella Vending Machine

Dragon_Den - Umbrella Vending Machine

[@mparryuk52]

Tbh it's now October 2016 and to this day I have NEVER seen ANY umbrella vending machines in ANY train stations in the UK, with respect this guy should have negotiated better, perhaps offered 44pc with a buy-back option if he hits targets x

[@thecatspyjamas1309]

Well said Stuart, poor bastard, they are fucking bastards, all the money they have and they just want more and fucking more

[@InefableTheo]

I dont know if its the same company but I just watched a video called "why Japan lives in 3018" and they showed an umbrella vending machine.

[@Garycarlyle]

Same 2019. Still never seen this at least not in the UK. To be fair its a good idea but real estate is not cheap even for a small vending machine.

[@JacaboBlanco]

@@thecatspyjamas1309 it's not charity.... It's business....

[@carolewilson1311]

Popular in Japan but don’t know if he sold out to Japanese or they already had patent

[@sonudilli2450]

12 year contract, why have I never seen this on the underground. I've been using the underground every week since the broadcast of this episode

[@laurenwhelan2423]

He said he had a 12 year contract and he didn’t he got rejected

[@WomanofSubstance]

Impressed by Peter here. He handled the whole thing really wisely.

[@juddbrady1825]

Love how peter was close to tears and Duncan just did it to be a git and wind him up! Hahahaha.

[@caitlinx3816]

He wasn’t close to tears he was just frustrated and rightly so, Duncan was being unreasonable!

[@juddbrady1825]

@@caitlinx3816 grow up

[@ExploreLearnEnglishWithGeorge]

wau, I'm really impressed with the performance of Peter Jones here...really great business culture what he presents here ;)

[@fodsaks]

That Simon Woodruff was such a bullshitter. He sat there acting like a magnate week after week and never parted with a penny.

[@DAN420.]

The saying is ducks ass, because they swim in water.

[@oldgit4260]

QuickQuickSlowSlow55 that's how these rich cunts get rich

[@TheGalacticEmperorOfLabels]

He invested in some whack job who farmed truffles.

[@DellaWatson-cz3mq]

And for that reason, he's jenny

[@kellingtonlink956]

Duncan is ... hilariously brilliant. Thanks for the full video

[@christschool]

I'm a banker and I have a traditional vending company as a customer. Those vending machines would cost between $7500 and $10,000. This investment is not nearly enough to service his contract with the Underground. None of the dragons asked how much each of these machines cost.

[@iskkarate]

What happened to this i don't see any umbrollys in the underground? lol

[@sct913]

Apparently London Underground management was smart enough to realize that selling advertising space is the WORST way for a transit agency to develop a sustainable revenue source. The fact that these machines are selling what are cheap disposable umbrellas AND would NOT be located at prime locations for ad space only makes it even worse.

[@fickfock8169]

its just TV

[@beavis4763]

dilwich123 Always handy if there's no bog roll in the toilets

[@notorious1ace]

@dilwich123 that doesn't mean you should turn out to be a prick.

[@mahnoorahmed5976]

@dilwich123 Rape, adultery, fornication and anything outside of marriage is forbidden in most religions, including Christianity and Islam.

[@Demir0509]

Duncan was just trying his hardest to be difficult, felt like a ego trip as he was thinking ‘he cant make me budge but I can make him budge’

[@nikkid4890]

Although Charles requested £150,000 from the Dragons for a 20% share in his business, he accepted an investment offer from Peter Jones and Duncan Bannatyne of £75,000 from each of them for 20% equity for each Dragon. However, Charles never received the money for the investment from the Dragons. Both Peter Jones and Duncan Bannatyne had been under the impression that Umbrolly already had all the arrangements in place for the advertising that was to be displayed on the panels of the vending machines. It transpired, however, that this wasn’t the case and that Charles had been hoping to get the contract for the advertising at a later date once a deal with the Dragons had been negotiated. Following the collapse of the deal, Charles was forced to look elsewhere for the investment he required for his business. However, the exposure he had received by going on to the TV show meant that after the deal with the Dragons had collapsed, Charles was inundated with offers of partnerships and investments in his company from other businesses, and soon accepted an offer, with the business moving into a serviced office in London. In 2006, the umbrella vending machine was named “Innovation of the Year” by BT Redcare. Later that year, the Mini Machine (thought to be the most compact umbrella vending machine in the world at only 8 inches deep) was designed and prototyped by Seymour Powell, the same group of people who helped to design Richard Branson’s Space Plane. Later that same year, the Department of Trade and Industry named Ejogo as the Innovator of the Year. In 2007, flaws were uncovered in the original prototype of the Mini Machine, so Charles ordered a complete redesign of the machine to be undertaken. Shortly thereafter, manufacturers for the new Mini Machine were recruited and production of the unit with its new design began. Umbrolly then began to build up a network of retailers who were willing to place the vending machines in their stores. Ejogo has been successful in gaining several high-profile contracts, such as in airports, shopping centres and train stations, where the footfall of potential customers passing the machines, and therefore more likely to use them, is at its highest. Later in 2007, the Mini Machine was named Runner-Up in Auto Vending Magazine’s ‘Product of the Year’. Charles was then able to agree an exclusive servicing / operating deal allowing Umbrolly to position their machines anywhere they desired within the UK. After signing the agreement with the national service partner, Charles began to find customers who were willing to lease or purchase a machine from Umbrolly all over the country. The company continued to grow in stature significantly throughout 2007. Later that year, Burlington Investment Partners took a significant (although minority) stake in Umbrolly, which allowed Charles to facilitate further growth not only on a domestic scale, but also globally. Interest from abroad grew rapidly, and Umbrolly began to listen to offers from potential international investors. The Mini Machine then received another award, this time coming second in the Vending International Magazine’s ‘Product of the Year’. After this award, Umbrolly became better known internationally, with machines being delivered to Germany and the USA later in the year and further overseas deals being negotiated. The publicity Umbrolly received by going on Dragons Den was all important in getting the business moving and allowing it to grow, firstly on the domestic front and then over time on an international scale. Even though Charles’ deal with the Dragons fell through and he never received their investment or business advice, it didn’t prevent his business from becoming a global success. He has ultimately succeeding in turning his umbrella vending machine concept into a reputable, profit-making company. This is yet another entrepreneurial example of persistence paying off in the face of what may have appeared to have been an insurmountable problem at the outset. www.lammo.net/dragons-den/268/dragons-den-where-are-they-now-umbrolly/

[@captainkirk5494]

Nice PR darling but we all know he is a bullshit expert. International lmao !!! We have had it here in Norway for 30 years as have 30 other countries. Don't believe the hype peeps this is all bollocks !!

[@zin.nesis1]

Good to hear. Those fuckers think they can take up to 50 percent of peoples, you can amost call it that, lives and just play with them

[@lizclegg7556]

I take it you're Charles' PR person? The link you posted doesn't work and I've certainly never seen an Umbrolly machine on the London Underground or anywhere else. What is Charles" full name and what was is the name of his trading company?

[@lizclegg7556]

@@captainkirk5494 Just because other businesses have been offering this in Norway and "30 other countries" for 30 years doesn't mean that his guy didn't expand his business into other countries. I didn't think there was anything in the video which suggested that this guy was "a bullshit expert".

[@Bleach420]

Duncan: "No" Narrator: Duncan Bannatyne has refused to budge.

[@tamircohen1512]

They played him so hard, he could have negotiated something like 36% equity and acted more like he was less needy and knew what he was talking about.

[@IrishDan89]

its easy to say that sitting at home eating a tub of ben and jerry's ice cream

[@tamircohen1512]

IrishDan89 Yep you are right. When you are in front of such rich, influential people who your financial life depends on it is not so easy.

[@N4CR]

@@tamircohen1512 If you understand the implications of the deal, it's much more than just money. It's connections, affiliations and doors opening, that is very valuable. I took a 50% deal and then walked, it put me in the highest level of my industry.

[@Lukychrm42]

i think the umbrella vending at tubes etc could be cool if it were actually a deposit,, and you get a portion back if u return it. cheap vending of ponchos could work too- esp. in the touristy areas

[@BarryVP12]

My town, Romford, has actually had poncho vending machines for more than a decade, by indoor toilets, funnily enough.

[@itszenbaby]

BarryVP12 i havent seen any in Romford. Do they still have them?

[@llVIU]

so how would you inspect them that they weren't damaged and vandalised? British umbrellas are shit quality, they break instantly at the first use.

[@langdale55]

I love how this is disguised as an umbrella vending opportunity. The machine is in direct line of the rain! Hilarious line!

[@oldgit4260]

I'd take the hundred and fifty and be on the next plane to Switzerland, leaving those brolly machines in my garage

[@haydnmarsh9971]

Peter owned Duncan lol

[@lukecurley4755]

Peter the legend!!!

[@Wotdermatter]

When I lived in Seoul, 1979-1982, during the rainy season there was an ongoing need for an umbrella when exiting from the underground or leaving a bus, etc. There was a cottage industry manufacturing umbrellas made from bamboo and plastic which sold very cheaply. Simple and effective but only for one or two downpours. 'nuf sed.

[@peterd440]

I like walking in the rain. I've never understood why people grimace when rain lands on their head. The kind of people who have a thing against rain in the UK will have an umbrella already.

[@JimIsMe2002]

Well, easy to say this is the one for my business lesson at school! You can't trust edited comments

[@MultiJejje]

UK (well, London) is like the only place in the world where this can work.

[@SalvableRuin]

+MultiJejje I totally disagree. It could work in Vancouver, Canada, where I am from, and in Korea and other Asian countries that have a rainy season.

[@MultiJejje]

+뿡뿡! ^__^ Vancouver is too small. I don't think they would make enough profit there. Shark Tank had similar pitch today and the sharks crushed this idea.

[@StrangerInAustralia]

Melbourne, Victoria - This would sell through the roof.The best approach would be for Crown Casino to have these venders outside along the Yarra River.

[@amh9738]

London is enough to make him millionaire

[@vordman]

Actually both New York and Rome have higher annual precipitation. Fact.

[@leenobody3249]

The dragon’s greed knows no bounds!

[@minniechorkie6341]

Well done Peter !

[@JamesClark1991]

Duncan! PMSL. What a man.

[@christinakappou5321]

Love Peter for this one ❤

[@colinluby5950]

I have a Kevlar stab proof vest vending machine design. 80 million for 0.07%

[@newdrug934]

And so began the Umbrella Corporation

[@bikegypsy268]

Hands down the best presentation/episode of the Dragons

[@itsandyme9192]

Jenny: It's sunny outside, so I'm out.

[@CorporateG0th]

11:10 walk away, find other private equity investors, you can now tell them you already sold two dragons on the concept so it's viable.

[@tempuser2067]

dunken only went down so he maintains good relations with peter on future investments probs

[@PointNemo9]

Dunkin'

[@gina1emo]

God Bless You Peter!!! I’m soo glad that he said that to greedy nasty Duncan🤢🤑🤮. This poor guy Bless him, he’s got a brilliant business idea it’s super investable & very cute idea😸😺

[@M0nst3rArmy]

Sales tricks don't work on investors. Good lesson from Duncan. Never say "final offer" in business! When you're buying product, you might never come across it at this price again... When you don't invest into product, you'll have 100's Charles like him behind door waiting for your call...

[@jamescoughlan5238]

After being stumped by the dragons I went into the barber business

[@vince7735]

That was painful to watch, he took too long to decide.

[@TheWelshRocker]

Duncan got called out fast by Peter on that one.

[@florenbaron7111]

Duncan totally acted like a crook, at first.

[@XxC0dProsxX]

This idea is 100% reliant on the umbrella being super cheap or it is flawed.

[@cptskellern]

Although Charles requested £150,000 from the Dragons for a 20% share in his business, he accepted an investment offer from Peter Jones and Duncan Bannatyne of £75,000 from each of them for 20% equity for each Dragon. However, Charles never received the money for the investment from the Dragons. Both Peter Jones and Duncan Bannatyne had been under the impression that Umbrolly already had all the arrangements in place for the advertising that was to be displayed on the panels of the vending machines. It transpired, however, that this wasn’t the case and that Charles had been hoping to get the contract for the advertising at a later date once a deal with the Dragons had been negotiated. Following the collapse of the deal, Charles was forced to look elsewhere for the investment he required for his business. However, the exposure he had received by going on to the TV show meant that after the deal with the Dragons had collapsed, Charles was inundated with offers of partnerships and investments in his company from other businesses, and soon accepted an offer, with the business moving into a serviced office in London. In 2006, the umbrella vending machine was named “Innovation of the Year” by BT Redcare. Later that year, the Mini Machine (thought to be the most compact umbrella vending machine in the world at only 8 inches deep) was designed and prototyped by Seymour Powell, the same group of people who helped to design Richard Branson’s Space Plane. Later that same year, the Department of Trade and Industry named Ejogo as the Innovator of the Year. In 2007, flaws were uncovered in the original prototype of the Mini Machine, so Charles ordered a complete redesign of the machine to be undertaken. Shortly thereafter, manufacturers for the new Mini Machine were recruited and production of the unit with its new design began. Umbrolly then began to build up a network of retailers who were willing to place the vending machines in their stores. Ejogo has been successful in gaining several high-profile contracts, such as in airports, shopping centres and train stations, where the footfall of potential customers passing the machines, and therefore more likely to use them, is at its highest. Later in 2007, the Mini Machine was named Runner-Up in Auto Vending Magazine’s ‘Product of the Year’. Charles was then able to agree an exclusive servicing / operating deal allowing Umbrolly to position their machines anywhere they desired within the UK. After signing the agreement with the national service partner, Charles began to find customers who were willing to lease or purchase a machine from Umbrolly all over the country. The company continued to grow in stature significantly throughout 2007. Later that year, Burlington Investment Partners took a significant (although minority) stake in Umbrolly, which allowed Charles to facilitate further growth not only on a domestic scale, but also globally. Interest from abroad grew rapidly, and Umbrolly began to listen to offers from potential international investors. The Mini Machine then received another award, this time coming second in the Vending International Magazine’s ‘Product of the Year’. After this award, Umbrolly became better known internationally, with machines being delivered to Germany and the USA later in the year and further overseas deals being negotiated. The publicity Umbrolly received by going on Dragons Den was all important in getting the business moving and allowing it to grow, firstly on the domestic front and then over time on an international scale. Even though Charles’ deal with the Dragons fell through and he never received their investment or business advice, it didn’t prevent his business from becoming a global success. He has ultimately succeeding in turning his umbrella vending machine concept into a reputable, profit-making company. This is yet another entrepreneurial example of persistence paying off in the face of what may have appeared to have been an insurmountable problem at the outset. Affiliates take heed!

[@SpeedReefer]

@NateSean the umbrellas the vending machine sells is 2 pounds. the average umbrella people buy in stores are 7 pounds

[@tobyf6414]

2019!!!

[@doodelay]

haha i'm glad that scottish dragon retracted his offer under the pressure.

[@NibberKSmooth]

Charles should have given 22% to Peter and I'm sure they would all make MEGA money due to the feel good factor.

[@leenobody3249]

Rachael says “‘ell no! I am out” !

[@Likexner]

Why did nobody question the "disposability" of the umbrellas? I would have wanted to see the umbrellas as well. Maybe the dragons can see them but i as a viewer cant.

[@mastanature8]

This is a good idea with a good contract. These guys just pressured him to do the deal. He didn't need them they needed a good project like this.

[@ivancarlson953]

I like the part when the dragon said they would reduce their equity stake once they get the investment back, oh wait.

[@DwightRyan-cg6lg]

🪪🚇 Oxford Circus 🤔🤨🫡🎥🎤🌂☂️humm umbrellieeeer

[@padiyar]

All dragons look very young, does any one know how many years before it was filmed ?

[@SPRFHAEW]

Doug Richards - absolute 🔔🔚

[@Norlink]

It excists, or did excist in Bergen ,Norway many year ago. It was on norwegian tv. Havent heard any about ti after that though.

[@aTruster]

42 years ago when I was a young man on holiday in London by the time the second drop of rain had fallen the streets would see dozens of Indians with bundles of umbrellas for sale at 50p each.

[@robertkustos2931]

So why can't newspaper kiosks sell these as a side line ?

[@CharlieFlemingOriginal]

London Underground decided to terminate all vending and other non essential items to "de-clutter" stations and platforms as they were beginning to hinder upgrades and the flow of people on a system that struggles with high capacity. I hope he is still doing well.

[@rleandro315]

Thanks... I kept reading that no one had seen these vending machines. That'd explain it.

[@CharlieFlemingOriginal]

@@rleandro315 Funny enough, you don't see vending machines for public use much except on national rail stations and even then they are all the same operator so maybe they have a contract.

[@thelawless1523]

WOW!!! I LIKE THIS DUDE!!!

[@wabblum99]

Gotta be honest i laughed when i first seen the title of this... But when i listen its actually not a bad idea...

[@lizclegg7556]

Duncan goes from offering all of the money for 40% to half of the money for 22% (despite the reduced risk of offering only half). He was a real shit about that. Also, he should have asked Doug Richards to make a counter offer if he didn't like his offers? And why did Simon Woodruffe and Rachel do Jennies? Simon says its a good proposition but he's out (for the vague reason it doesn't fit with his portfolio - too much concentration in advertising on the underground or what?) and Rachel gives no reason whatsoever.

[@ninjaninja9954]

he agreed to 42% Duncan and Peter should have split it to 21% each

[@roybarnes-thewildlifeman1855]

Looks like a lost episode of Mannix

[@pippipster6767]

No license to print money in this world. Er, we’ve got the Royal Mint on the phone.

[@TheTechAudiophile]

Good video

[@shoptalkofficial]

TheTechAudiophile good channel

[@shoptalkofficial]

I love you

[@cashmakessmiles]

When they said 44%, he should have said 36% or 34% and acted like he was thinking it through. Would have seemed like a reasoned answer and they probably would have taken it, on the basis that it wasn't just mindless haggling. 30% and then 35% makes him seem like an idiot.

[@D3hander]

I feel like you've just read my mind. Exactly what I was thinking, amature hour.

[@bentones1701]

Yeah he’s just read your mind from 2 years ago 😂

[@anayar1234]

lol at "valuing the company at 600" nice math

[@stevens5541]

"Maths"

[@Connie_TinuityError]

No, he meant 600,000 or 600K

[@cybernautadventurer]

Has this business actually proved successful over time?

[@anonycomment5726]

I think it has: en.wikipedia.org/wiki/Charles_Ejogo

[@gaatutube]

So it's 2018 ... are there umbrella vending machines anywhere in UK ?

[@spacecowboy6667]

No lol. Honest answer, they're really not. I've never to this day seen a single machine like this!

[@obeah81]

no one would do that deal given 2% discrepency

[@rolybling]

So pleased for Charles, I hope he has great success, Peter did the right thing, Duncan was always a bit of a twat.

[@NateSean]

@SpeedReefer Two pounds is still expensive by US standards. My point is that if I'm going to pay something in the neighborhood of five dollars, I'm going to make damn sure I can use it for more than one go. I'm not saying it isn't convenient to get umbrellas out of a vending machine, I just think it's going to be more for show than for anything. They have vending machines where you can get shirts and stuff in the malls I've been to, but I wouldn't pay what they're asking for a cheap t-shirt.

[@thecatspyjamas1309]

When it's pissing rain you need one and don't care, 2 quid is better than getting soaked to the skin

[@mbieeu]

That went south too quick

[@hqi1321]

He asked for too much money. At 150,000K, those small percentages start to really matter.

[@elizium1958]

The Dragons Den deal collapsed and so did the U K distribution ... that's why you don't see any.

[@IRCW]

Wow so the only person Duncan bannatyne will actually listen to is Peter jones 🤣

[@moviesjean23]

Anyone seen it anywhere was this a scam perhaps 😂😂😂

[@starcon-ml7ix]

it really simple - a person comes with a ridiclious idea for a business - the den makes an offer under their skills, for what they are asking ie 20% for 5K-- forever - ofcourse the den will help the business growth as they want as much as possible - it wouldn't surprise me if the one of the den ie - peter is dancing on 400million with all the business shares he siege from people for really let face it - pretty small amount of money - the less % they get is the less help the people receive - - the den is basically a bank with more brute force - the bank only takes the home and so on if they don't get the money + interest back - -the den bleed money for ever -- not once had they said a timeline to where the money ends - avoid the den if you can - but there are brutal players outside the den the banks is one of them - shareholders is another - the den litulally own the shares - they are share holders --------------------------

[@royfr8136]

No one buys ubrella again and again...ive had the same umbrella for 2 years

[@MilliesVlog]

It is for people like me who always loses them

[@jamesmorgan6961]

This deal fell through, he never got any money in the end.

[@c11yan]

At 4:30 what’s Mr Gilbert / Greg Davies doing in the den?

[@importedmusic]

Freemasons handshake 13:20

[@nocomment1984]

Was TV really that shit back then

[@NateSean]

Seven pounds equals about fifteen dollars USD. I don't know for certain but that's based on the list of prices I've seen on backs of books, etc, but I'm sure I'm not off by that much. The point is I wouldn't dispose of something I paid almost twenty bucks for. I would try to get as much use out of that thing as possible, or, seeing how flimsy the design is during a really nasty rain storm, I would rather invest that twenty dollars in a stronger umbrella that would last a while longer.

[@prizma45]

Nathanielle Crawford rip brexit, inflation and all that, pound lost its value

[@robertheinrichvonseyfenste267]

pure blackmail!!!!!

[@workingboat]

Where's Deborah

[@simoncarroll7036]

Doug richard wouldn't accept 90%!

[@yadunno9277]

rob an idea from another country that yours hasnt got bring it to your own boom . i can now afford to get a mortgage on a 1 bed flat in london .

[@vallez7917]

He works next door they didn't any ask him how much money he has made is a scripted or what

[@BlindJustice14]

The guy with glasses is greedy af.

[@JacaboBlanco]

Aw man I never saw these seasons with this squad of dragons I don't like them. Not a bit lol

[@tcraigh1]

One of this squad is still with the current squad

[@anonycomment5726]

He did not take their investment guys.

[@TheTechAudiophile]

A A watch the video maybe......

[@MrRoanRocks]

-Great Deal-

[@MrRoanRocks]

-I disagree-

[@David1988Mufc]

1 of those dragons went bust and another is now a pedo. For that reason I'm out.

[@prizma45]

could u tell me so i don't have to search

[@Harppuunamies]

Zaki Hydar www.mirror.co.uk/tv/tv-news/dragons-den-doug-richard-charged-6397928

[@prizma45]

Harppuunamies ty

[@moviesjean23]

Dough Richard likes little girls

[@shoptalkofficial]

My mother

[@shoptalkofficial]

Lol

[@MrRoanRocks]

Red Flan

[@carolewilson1311]

V dry up and down thing.Yes they greedy buggers but that makes for addictive tv and free PR for clients and hell of a lot go on to be multi millionaire even without backing so don’t feel to sorry for them

[@chuckbecker8735]

OMG!!!!!!!!!!!!!!!1

[@yoloswaggins1579]

He should've come in like "Hey, my name is Prince Charles Ojogo III of Nigeria, I'm looking for 1million £, for 10% of my 50million £ inheritance. I've already sent out Emails to over 100million ppl, and they are very interested.

[@ingony]

Yolo Swaggins Hahahaha dead

[@MrRoanRocks]

Well had did this idea come to you?

[@stephensprolomint5098]

should have told them to shove it

[@davidmg1925]

For once I dont agree with PJ's. From what I saw DB didnt do anything wrong.

[@NateSean]

Rachel: Charles, lets face it, the only thing I know how to do with money is make paper airplanes out of it and say good bye. I don't understand a word of what any of you blokes are saying, so I'mout.

[@pithikoulis]

Duncan seems to have zero people skills lol

[@antonclark3420]

Manos Seferidis but razor sharp business skills. I know which I prefer.

[@ImJayDog]

Gd idea but needs to get % right

[@llVIU]

so this guy is contributing to all the brits who throw around umbrellas in the streets? Disgusting. A culture of hipsters who want to recycle in 1 second and the next second use disposable nonsense that are not practical. And how the hell does he make 2 £ umbrelas, that's as cheap as putting one or two plastic bags over your head!!! Must be some of that good old british quality! Breaks at the first use. I seen tons of them in the streets.