Dragons’ Den moguls can’t believe how much money this couple makes selling journals | ZZ56957 | 2024-02-11 21:08:01
Dragons' Den moguls can't believe how much money this couple makes selling journals | ZZ56957 | 2024-02-11 21:08:01
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A couple who owns a wellness and journalling brand have left the celebs of Dragons' Den shocked after revealing their spectacular income.
On this week's episode of the enterprise reality collection, Dublin-based couple Ciaran and Denise sought an investment in their business The Head Plan, which they hope might turn out to be 'the Nike of mental wellness'.
When pitching, the pair explained how they have been 'on a mission to empower and rework lives'.
Looking for an £80,000 funding in trade for a 5 per cent stake in their enterprise, they then explained how a critical health scare sparked the thought for The Head Plan.
In 2019, just two days after their honeymoon, Ciaran was recognized with leukaemia and was given probably weeks to reside.
After a stem cell transplant, he was capable of make a full restoration, however the couple then started their enterprise to assist others take a step back and take stock of their own lives.
Prior to now 4 years they have bought their products to clients in over 50 nations and have a cellular app with over 35,000 users.
When asked by Steven Bartlett about their profit, their numbers impressed the panel.
In 2020, their turnover was £480,000 with a internet profit of £269,000.
Hearing this, most of the Dragons could possibly be seen wanting stunned whereas writing down the numbers of their notebooks.
The next yr their turnover was £944,000 with £123,000 internet.
Then, last yr, their turnover was a staggering £1.1 million with £166,000 internet.
Peter Jones was impressed, calling their achievements 'unimaginable' and saying: 'To start out a enterprise and to generate £three million is completely superb.'
'I've acquired to say, properly achieved,' he added.
Guest Dragon Emma Grede stated the couple have been 'killing it' and that their numbers have been 'superb'.
Nevertheless, a number of the Dragons pulled out when it came to considerations about how the enterprise would develop its digital presence.
However Peter didn't miss his probability to take a position, saying he 'needed to be their by their aspect'.
He then provided all of them the cash they needed, but for 10 per cent, while Deborah Meaden stated she would make investments the same, but for 8 per cent.
Touker Suleyman then undercut her, saying he would supply 10 per cent however drop right down to 7 per cent if he made his a refund inside a yr.
When it came time to make their determination, the couple determined to simply accept the supply from Peter, who later admitted he almost started crying throughout their pitch.
Dragons' Den airs Thursdays at 8pm on BBC One.
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