I live in Glasgow and there are a number of busy iCafes. Tried one myself and the coffees are great. Glad he did well for himself. He sounds like a nice guy.
Who still needs Internet cafes? Surely everyone has broadband and 4G or 5G? I get that some people are in difficult financial positions and don’t - but they can use libraries, community/council facilities, charities, education resources etc? If you don’t have broadband or phone data for financial reasons then the last place you’d go is an Internet cafe given an hours use is probably as much as a months Internet (if you know where to look). Only reason I’d invest in a business like this is if I thought I could have expanded it rapidly and exited before people worked out that technology would make these places redundant.
@@PhilT81 international students benefit from it. Local interactions and play games you can’t afford. Not sure how popular it is in the West but in the East it has a substantially huge market. So there Internet cafe is still a thing and is still relevant, just depends where.
Loads of other people have already said it, but I love how Duncan's business skills really shine through in this one. What a legend. He gave him some great advice for free, but also demonstrated what he was going to bring to the table if he accepted the investment. Edit: wow, 2 likes! I never expected this comment to go viral, thanks guys!
@@vishalmore7154 Peter interrupted Theo when he was asking questions. Theo was annoyed by this interruption and responded that he should 'lose the will to live' (a common expression of boredom) later when Theo has finished questioning and it is Peter's turn to question the guy
It all went down hill when Duncan left. If I went on there I'd either wanna work with Duncan or Deborah. If I could get them both together then that'd be perfect. If both of them went out first then I'd declare myself out to the rest of the dragons... Nick Jenkins would have to pay me and give me a percentage of one of his companies for me to consider working with him, with an additional 15% no punching fee to be paid daily as well (that doesn't include kicking and slapping)
Can barely afford to house himself and the business then accepts to lose half of all profits. Nothing can stay afloat with that. Better to accept get some clout and contact then sell the business starting anew.
Yeah I had to process for a minute whether or not this is clickbait and then i was like eh i guess technically there was a few frames of Peter looking baffled
This guy needs a mentor to take him to the next level, he's good and I think that's what Duncan saw. With his brain and business experience, having Duncan involved may not make the coffee shops grow but his next business will be enormous.
Dyed haired Peter. What a most sensible thing Duncan spoke, absolutely perfect, and he clearly knew better than the others what to do. I would sell a new franchise at around £40.000 to bring in interested parties, and the more interested parties come on board the greater the income, rather than to go to high and attract few people.
Really smart, much wow. And then people who don't invest much don't give a flying F if the franchise does well or not and abandon it. There is something called "Sunk Cost Fallacy" which basically means the more investment you did bring in, the more you are inclined to stay. Like working 20 years in a company to get to the top. Like selling everything you have to be part of a franchise and then depending on the money flow by doing your 100% best as your life depends on it. Also you underestimate how many low flying flies exist there that like to scam a lot and have enough money to be part of a scheme. If one of your franchise is doing real bad, it will spread rumors for every other. I estimate around 75% of people out there not understanding the word franchise, and if they have one bad experience or hear about one bad experience, they won't come in any other located franchise anywhere.
Its exactly what i would do actually. First 20-30 locations ... Go low. After that every single day youll receive phone calls and emails from people seeking franchising information. Thats it....go high.
I read Duncan did not go through with the deal, but from I can see, he asked for 49 percent so he would say no. Duncan literally gave him a model so he could succeed. Duncan is a real one. 💯
You can see the gears in Duncan's head turning the whole time while the rest of the Dragons were busy trying to run down Umer's idea. Duncan was weighing everything and probably already thinking about how to tweak the model to make the franchise more successful.
I remember watching this season of Dragon's Den when it first aired, but can't recall any of these pitches. I think it's because I was distracted then, and distracted now at Hilary's space suit.
I admire Duncan for this actually, he saw a young Scot who was starting up a small franchise as he did when he was young and even though the guy wasn't great at selling his idea, Duncan still saw something in him that reminded him of his younger self and decided to help the guy out. Duncan's not a bad guy really.
@@SauceMan20 Agreed, very hard to "admire" him when he took a whopping 49%. That poor man was thinking "Do I risk sinking the business without his investment or do I risk sinking my profits with his investment?". Sounds like a super tough decision, but I am guessing he accepted for the experience and progress, regardless of getting majorly shafted profit wise. I feel bad for the man, he got screwed either way and Duncan was only looking out for himself.
Look at it another way. He'll be main share holder and partner with a dragon in a successful business. Most people would think that's worth it. Plenty leave with nothing
Duncan is a legend. There was another company starting with “i” something asking for an investment in the Den and Peter said Apple will sue them for using the “i” therefore he was out and all the other dragons got scared and followed Peter except Duncan he disagreed with Peter and made an investment. Lol just reminds me he kinda never fails to invest in a company name stats with the letter “i”
Really love how Duncan backed him, made sense 0f it all and saw the positives despite the other cruel dragons and their ignorance. Truly duncan was onto something..... Anyway the business flopped in 2017. Thank you for coming to my TED talk
As always, Duncan is a legend !! Everyone else seem a bit lost don't there ? This maybe 2 or 3 episode that I watched that Duncan correct other dragon..
This guy was totally proffesional and well mannered all he did was defend his point of view once,they made like he was talking over them and rude the way they talked to him,sometimes i feel these dragons want submissive sheep who will give them part of their company,work their asses off to make the dragons money and never have an opinion.
I like these older episodes with less background music. The silences at the end when Duncan states his offer are so much more powerful than random music and commentator voice over
Welldone Duncan, for seeing the light in the tunnel. they did not want to invest in a boring franchise /internet cafe. Even if it is making money shame on them.
as an englishman i kneel at the altar of duncan. my dream would be to work with him. peter and debra's egos would just get in the way. i dont need lectures and pats on the head i just need to be profitable
Peter was very rude to him. He was showing great entrepreneurship as a student, Theo wants to hear more of it and for some reason - Peter wanted to get straight to business, even though he has been known to ask about people's life stories and their reasoning too. Hmmm.
It's really sweet how Duncan invests into ones like these - he knows it's not going to become a massive business, but he can make money from it & so can the other guy.
Deborah, I'll tell you who is the manager with a good paying job, that'll pay 40.000-100.000 pounds for a franchise.. it's the manager who earns a good living, but got a semi-bored stay-at-home wife or daughter, who dream of owning a "quirk, but stylish" café...
I mean 5 timrs evaluation is standard practice when selling a business. The logic is that you buy a business and within 5 years you have made your money back, and still own the revenue generating business. Its the same model the ufc sold under. Idk. Its strange they were so upset.
@@redrobiinbusinesses usually grow by investment so you might even see a higher return based on how you invested into the business after you bought it. And thats kind of the point. It takes money to make money.
So… I just realised that the Glasgow accent is not very far from many African accents. Before the narrator said he was from Glasgow, I honestly thought he had lived in Eastern or Southern Africa.
he doesn’t have a Glasgow accent, he has a slight Glaswegian twang to his words but his accent is from the Middle East/Asia region. He most likely spoke a second language at home with his family. Not everyone has an accent from where they are from or they could have migrated there recently.
It is the increasing value of the commercial properties that house the franchise which are the true money earner . The product sold is the income for the franchise owner , kinda like buying a job .
Is it possible for you guys to start sorting all episodes? By year or season would help a lot as it takes a while to scroll down if you want to go through them all...
Ridiculous investment proposal. If anyone has £100k in the bank, why would they spend it on buying a franchise that only makes £30k a year? It's ridiculous. There are so many other ways to spend £100k.
What would Duncan bring to the table apart from the 80k??? I feel Omar would’ve been better being patient and steadily making money on his own. If he lands one franchisee he’s laughing. Now Duncan gets half the profits for doing nothing
The advice Duncan already gave him was very valuable in itself- he has a very sharp and experienced business brain and a few hours spent with him strategising the business plus £80k to get the ball rolling could be well worth 49% to Umar.
@@djpeekay25 did u watch the video? The dragons clearly mention the name Omer several times addressing only one person 🤣🤣🤣🤣, who do u think they talking to? A ghost?
Why aren't the dragons taking into account that the first franchise someone buys they will most likely be hands on management so not only do they profit 35k they also pay themselves a wage on top of that because they will be working in their cafe instead of hiring staff from managment down. Say a husband and why team run it. They work, pay themselves a wage each and then still profit 35k on top. Whilst it's not get rich quick scheme for franchisees, they can still make a good living.
Probably because as Duncan said, this would be true if you sell one of your already operating shops. A franchise would be opening a new shop, but with all the systems of the company. So it might take a few years to get to the same level of customer traffic. Which then begs Deborah's question. Who has £110,000 laying around to take a chance that they might eventually make £35,000. You certainly would not chuck in your job to run it if you have a family to support etc, as likely first couple of years you clear next to nothing.
@@TheJohnCooperShow you can still get them. The cheese and chive disappeared very early on. I haven’t seen the southern fried chicken flavour in at least a year or two but the T-bone steak flavour are very easy to find. Not as bubbly as they used to be. I miss Burton’s potato puffs, golden wonder bacon crunchy fries and KP Tubes, to name a few. I take my crisps very seriously - so hate Walkers because they’ve never created a decent snack. They are good at acquisitions and marketing. Their version of crunchy cheetos is a downright disgrace. They taste nothing like the American version.
