Is This Wizard Golf Empire Built On A Solid Foundation?! | Dragons' Den

Ben and Phil are asking £200,000 for 5 % of their company 'The Hole In Wand'
Season 20, Episode 12.
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 #TheHoleInWand

[@coxie2foxy]

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

[@thebegoniaowner]

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]

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

[@benstevens2348]

Walking away was insane

[@sshms414]

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

[@MF_JONES]

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]

Spoiler clown

[@SpyroTek]

@@Sam26039 What?

[@AdamBechtol]

@@MF_JONES Mmmm

[@BenjaminGoose]

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

[@callum9999]

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]

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

[@user-ce6uq3dn9o]

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

[@jr5925]

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

[@HHHKingofKings58]

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

[@thesadwolf]

I need a potion to understand their business model.

[@trayel83]

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.

[@kevinleesmith]

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]

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

[@AdamBechtol]

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

[@bobstirling6885]

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

[@Geoglyph89]

Half of 33 is not 15.

[@bobstirling6885]

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

[@catman2484]

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]

@@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]

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

[@user-wx9ky9lr1y]

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

[@trayel83]

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

[@gamewithadam7235]

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

[@hemmatv1582]

Omg 😳 they blow it for 2,5% ?!

[@Pobsta-de7hb]

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]

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]

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

[@supapesh]

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

[@callum9999]

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

[@russnunn2456]

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]

​@russnunn2456 it's "allowed" Russ

[@JeremiahEcks777]

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

[@Helthurian]

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

[@Nick-7432]

Debbie*

[@Helthurian]

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

[@joelheskey6095]

don’t think she cares mate

[@Nick-7432]

@Helthurian Nah she prefers Debbie or Debz.

[@KeithJones-yq6of]

Having Jones on your board would make you much bigger

[@TheManInBlueFlames]

This could work!

[@johnoh56]

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

[@kichoojk]

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

[@lizzieedwardss]

sick video guys !

[@belindashaw764]

A good advertising platform.

[@Reeso17]

How are they doing that with the drink? 😮

[@Private722]

Magic

[@AdamBechtol]

Ask any decent high school/ college chemist.

[@cowgirl.4363]

He looks like uncle Fester

[@JonasHamill]

Literally all I was thinking the entire time

[@mercboy111]

I would’ve taken the deal.

[@xamurai00]

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

[@mad-cyantist3159]

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

[@rleriche5044]

What were they yapping about?

[@JazzyMarineVet]

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]

Made 3.5 million last year

[@crossxfuse]

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.

[@DomsDocs]

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

[@mand7favs1]

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

[@imanishay]

We know which one the boss is 🤦‍♀️

[@joshjordan1486]

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

[@Updownleftright6]

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

[@dimitarafanasjev9284]

Not funny

[@nicolepretorius1178]

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

[@ianrae1546]

I would’ve had to have done the same.

[@TheZombie001]

I do the same. It’s called short sighted

[@Updownleftright6]

@@dimitarafanasjev9284 super funny 🤣🤣

[@JL-gf3yc]

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

[@juniordunkley2751]

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

[@tonytoonstours]

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

[@PropertyofJesus777]

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

[@10wanderer]

Ben DOWN & Phil McCAVITY

[@catman2484]

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

[@Zenocius]

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

[@AdamBechtol]

;p

[@jakesmith-bs4jd]

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

[@suedenim]

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

[@ChrisChanningChannel]

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

[@onyx5953]

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

[@zappatron_tom5653]

So they turned him down for 2.5 % what a pair

[@devinsiriwardena7296]

They were just there for advertising.

[@coolbeanz1702]

Did they tell you that?

[@conquestmedia2490]

that was a mistake

[@catman2484]

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

[@marchumphreys3865]

This episode is years old

[@photographylax]

Eid Mubarak 🎉

[@markvega5036]

Confusing business tbh.

[@saulcontreras313]

3 muppets in

[@gonemachado]

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

[@JonasHamill]

Does this work?

[@gonemachado]

@@JonasHamill idgaf its the truth go google it

[@entityunknown1668]

repost

[@nigelwilliams9307]

Ridiculous disjointed business.

[@user-ce6uq3dn9o]

bluuuuuuuurrrrrrrrrghhhhhhhh 🙄

[@JL-gf3yc]

🥱

[@stephenwoodward9771]

Greedy

[@Firedancer100]

Ethereum 🎉

[@jamiebuiten5931]

Guess I am first?

[@gardensoflondonmwgs7836]

Well done 👏

[@johnmorton2832]

This program is now a joke

[@anubusx]

In what way?

[@johnmorton2832]

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

[@JohnSmith-cs7jg]

What is the point of Evan Davis?

[@karjuntsang6365]

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

[@BenjaminGoose]

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

[@grahamjohnson4702]

It's to link the program for the viewers.

[@JohnSmith-cs7jg]

@@BenjaminGoose language Timothy!!

[@dickturpin1964]

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

[@mattconnor1988]

Top tier Mini golf venue😂

[@getin3949]

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

[@freddie_mvp]

Makes me want to go now

[@AdamBechtol]

Mmmm