Next on BBC is Dragons Den from Islington.
First into the Den is Mr Cazoo who is hoping to raise £10m for 10% of his unique online used car business.
Hi Mr Cazoo my name is Deborah. How long have you been running your business and what have you spent on Advertising so far.
’12 weeks and we have sold 1000 cars and spent £250,000 on TV and AT advertising ‘.
Deborah. Tell me about your premises.
‘We have an umpteen hundred thousand sq ft buildings and compound prep area employing several hundred with no customer sales area ‘Deborah.How much profit in years 1,2 and 3.
‘We expect to lose £70million’
Deborah. I think I will pass on this one.
Hello Mr Cazoo my name is Touker. Tell me about your sales in years 4 and 5 .
‘We expect to sell 120,000 and then 200,000 ‘ and make £250m
Touker. In that case I will make you an offer.I will give you £100 for 25%.
Hello Mr Cazoo my name is Sara.What are your cars made of.
’ Mostly metal ‘
Sara. Oh dear,I would have preferred that they were knitted or sewn together so I am out.
Hello Mr Cazoo,my name is Peter.I think you are taking the piss, so F...k off !
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