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?
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!
@@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.
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.
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.
I've worked at the Harry Potter shop in King's Cross Station, and if you want to see queues I'd recommend checking it out. It's a different animal! It also has a dedicated security team, because it needs it.
@@M4nvrs That was how you knew that the pandemic was serious, there was no queue outside the platform 9 3/4 shop. I've seen people queueing there at 21:30.
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
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
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
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
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
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
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
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.
Why on earth did they not take the deal with Peter? It was a good deal, and just got even better when they got him to go down to 15% if he got his money back.. They never wanted a deal, only marketing by being on tv or they are delusional about how much it is worth
