Man... a lifetime royalty would be crazy I think. That's a lot to commit.

I guess it depends on how bad you want the investment, but instead of lifetime I would offer equity + royalty until they recoup their initial investment.

Man... congrats on this, sure it an awesome opportunity for you.

If these are the things you are concerned with I would HATE to see your advertising budget.

How many bars or restaurants or clubs have you owned? do you have any experience in any of these areas?

Is the motivation to get into this just to get on TV?

Basically if you are asking for chump change now.. what is going to happen when you need real money? Go to the bank, get a loan on your house put some skin in the game and go from there.

Think about this for a moment.. you are coming to an open forum asking for $25,000 with a presentation like that. This is not thought out at all I can see it from here.


Lets see "Dragons Den" first.. then "Bar Rescue" then "Kitchen Nightmares" that would be AWESOME!

From what I've read about the show (USA version) it really doesn't matter what you offer. The shark will say yeay or nay. If it is a yes, they tell you what they want. Then you go from there.

I hope it is that easy for you. Congratulations...

Mr Wonderful is going to ask for your proof of concept and past sales, be ready for that! haha

Good luck man!

Are you already accepted or auditioning for it?

What happens if a big corporation comes and squashes you like the cockroach you are? lol

First off Mr Wonderful is not on Dragons Den.
I would go in with double the money you asking for,do Royalty $5 till paid then 10% after they are paid off.
Drop the idea of a continuous royalty.
Your going to have a Chef on the Dragons side do some homework on him before going in.

He was, maybe he isn't on the newer season. I only saw the first few.

Sounds cool. One question: Do you have an experienced comedy club manager ready to join your operation?

What sort of renovations do you need?
We have bids for $1500.00 on up just to drywall, texture and paint one hotel room.

Do you have acts booked already?
Do they require a minimum guarantee that will kill you if you don't sell enough
tickets and liquor? Better make sure they are popular in Canada as well as LA.

I worked for an experienced bar owner who booked a popular ten years ago country
act. His minimum to book was $15,000. She lost at least $10,000 that night. Poof.

I don't get that $25,000 is enough unless you are talking per $25,000 invested they get
the royalties/payback you mentioned. And, we don't know what you have invested, but
a 600 seat venue seems more like at least a million to open and run. A nice restaurant
alone can be that much.

Be prepared for them to say no to royalties and ask for equity, or x invested at x return.
If a show bombs, royalties are not coming from that show and you get behind.
Just think about the different kinds of things they are likely to offer so you don't turn
down a good one.

Dan

You want to get out of most debt asap.

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I've seen Shark Tank a few times. They all seem to want to become partners or probably unsilent
investors. If that's the case, I'd do all I could to get a loan and get out of debt ASAP and not have a partner or unsilent investor. Experienced manager - maybe. Good partners/investors are harder to find than good employees, and employees can be fired.

I think this is an equity play because there's too many factors that depend on a pure royalty deal. What if you get no customer and or numbers aren't doing as expected?

I wish you the best luck. Though you probably won't get anything. Generally ideas don't get money on that show. only proven businesses that are making money get anywhere unless it's some patentable invention. There are a million restaurant comedy clubs out there that are already making money why should they invest in yours?

Restaurants are rarely profitable within the first few years they are open too.

I would say without some sort of committed sales and some sort of global business strategy beyond one restaurant barely turning a profit you are dead in the water. Profit potential in your eyes means nothing to them.

I don't think you are ready for Dragon's Den. And I don't think your business plan is ready for an investment.

you should contact a major comedian and get them to lend their name. Give them a small equity play. they may even come on the show with you.

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