Glass Crusher Pete Refuses To Give Clear Responses To The Dragons | Dragons’ Den
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- เผยแพร่เมื่อ 31 พ.ค. 2020
- Pete Ancketill is pitching 'Glassbusters' - Glassbusters have created a new, 'total convenience' solution to dispose of empty glass bottles. He's seeking an investment of £200,000 in return for a 10% equity stake but the Dragons can't get over the £2m business valuation...
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #GlassBusters #NationwideBusiness - บันเทิง
Ah, bars and restaurants. I remember those.
Ah yes.. I can.. Vaguely remember them too I think.. They were legal back in my day
what are bars and restaurants?
LOL
meanwhile living in sweden where we have had no quarantine whatsoever =) brb gotta go buy some pizza
Ok boomer
This is my favorite kind of Dragon's Den video - massively over engineering solution to a pretty small problem, forecasting massive profits within three years, and, critically, an entrepreneur that appears somewhat annoyed to be there in the first place. Love it.
I was very interested in seeing why this is was different from those large bins that you put glass in for recycling.
Beautifully said
I live in México where bars and restaurants collect the beer bottles, the suppliers pick up the empties, they go back to the bottler who cleans, re-labels as required and refills the bottles. Recycling is great, but reusing is (usually) even better.
Re using is great but all the cigarette butts in them people with viral infections cold sores etc. Does it really clean them properly?
It would take a full time employee to feed the bottles to the machine all night.
The noise is horrendous for customers!
Lolol
@@johnsmith-wx5fb I wouldn't trust Mexico with cleaning anything. If you've ever even visited you'd understand my concern 😂
@@ellencampbell3921 no it wouldn't the staff member that already picks them up would be doing it
That doesn't work because companies have their own style of bottles corona aren't going to put beer in a Pepsi bottle an vice versa
I think he just likes the sound of smashing bottles to be honest...
Kane Gardner , I most certainly love the sound of breaking glass , always have .
🤣🤣🤣🤣🤣
😂😂😂
Who doesn’t?
NOOOO! THIS WOULDN'T BE A VIABLE BUSINESS!
haha glass go krrsh
When Sarah said that, as a restaurant owner, she couldn't even imagine installing one. That, right there, should have been the end of it
The_Walking_Ginger
The amount of space, rent, noise, pick up fee,
Is why I like casks to hold beer, wine, muscatel and brandy.
Recycling?
Lol
Lol, you are lacking comprehending the dialog between them, what a restaurator guru you must be xD
One person and an anecdote doesn't speak for every owner out there.
When u try too hard at grammar 😂
Unless the law takes a turn towards restaurants being more "green", as it has in other industries, and Sarah is given no option but to instal one... suddenly, the investment potential skyrockets exponentially. I assume the Dragons would expect these trend changes.
_"So, how much stock do you have right now?"_
*In year 23, we plan on stocking 26,000,000 units.*
_"Oof, okay, let's see, what's your revenue been for 2015?"_
*We plan on making 60 trillion in 2090, net profit 80 trillion.*
Seems legit
And it starts with "this year we are at a loss, next year we project 60k profit, year 3 we predict 10 mil😂
companycheck.co.uk/company/07746959/GLASSBUSTERS-LIMITED/financials#key-financials
@@MichaelGarland Looks like the deal fell through then, no £200,000 cash injection. Shame.
Why sell it in 5 years price when you can sell it in 50 years price?
I love Nick. He's fair and polite to a reasonable point, but he can also be cold and calculating when needed. He's like the best of James and Peter combined.
Hear hear! A great gentleman who always treat people with respect. This is why he and Richard Farleigh are my favourite dragons.
James is a snake 🐍
Totally agree
Shame he has a laughable business name lol moon pig i wonder if he regrets that choice of name. Surely not many take him seriously when that name comes up. Wonder what he was smoking when he came up with that master stroke?
Am donkin fock bannytin
I hope these Dragons Den vids never stop coming 👌
Me too. They make the flipping lockdown better.
Agree, I don't even ever plan to start a business. For some weird reasons I just wanna see people getting deals lol
Dinner time is spent watching a new dragons den, the day they don't upload just feels so empty 😩
I hope there are still some Jenny episodes, if yes, then dont spray them all at once. Feed us slowly.
I hope they stop as soon as possible.
Peter Jones talks about "giving it a punt" with £200k. I struggle putting a 10er in my sky bet account. 😂😂
Martin Shepherd yep I thought there was gonna be a reply like urs
@Martin Shepherd bet your some buzz at parties pal
Alan Hock better than being broke
@@leweee without a sense of humour I could imagine life would be grim with or without money my friend. Cheer up and laugh more instead of putting negative comments on TH-cam🤷♂️
@@alanhock5760 And 'bet your some buzz at parties pal' isn't a negative comment?
Ever heard of a conversation Alan? It's what some people actually do at parties :')
This person is like a politician, he does not answer the question and talks crap!.
He is awful at answering questions, but at least his business helps the environment.
He's even worse then the politician's answering questions on Cummings.
Pretty sure Nick Jenkins flushed his 200k down the toilet there
@@cun7us no, it wastes energy crushing and reforming bottles instead of just reusing them.
Double speak.
On a 3-week Dragon's den binge now, can't decide if i keep coming back for the dragons or the hilarious comment section or the ridiculous puns. Keep 'em coming!
AGREED!! me too
It's a smashing programme.
Ditto 🤣
We're gonna have to start a support group DDA or something similar 😆
I don't know why I like it so much, 😂
The look on Peter' face when he finds out that the equity stake was negotiable = Priceless lol
Of course, just ask. You don't get if you don't ask.
Peter's look seemed a combo of "you are extremely fortunate to have an offer" and "you have no idea how close you are coming to bringing down the deal"
Little does he know, In March 2020 all pubs, bars and restaurants will be closed for 4 months.
@jmh harris I’m from the future to tell you there’s a vaccine being implemented and is successful. So far at least
Make that going on for 1 year..
Only four months?
@@user-eh1gc7xo7q well, the bars are still closed so..
@@kiradotee sadness :( past me was not good at telling the future. It seems @A has managed to predict better than me
Peter: "What's your business model?"
Pete: "Well, I know a Latvian girl, but she's a bit shy in front of cameras"
"we're only on this planet once, I'll accept your offer"
I like the way he said that. We only get one life to live and I bet a lot of people grow old regretting the risks they might have taken, but didn't, never knowing what might have been.
Yep best talk he gave all pitch. Good on Nick for backing the product and having the patience to take this on and hopefully make it succeed.
I ran a bar that he pitched these to. The machines are great, quieter than the ones here and turn the bottles into tiny pebbles. Problem for the owners was cost. Hope they managed to come to a more flexible price point.
If I'm honest, I would struggle to believe a straight answer from someone called Glass Crusher Pete anyway
“I’m a businessman not a presenter” net profits of £0
Utterly shocked nick made him an offer!
That company is now doing very well...
Yeah. You dont have to be a businessman OR a presenter to know that you cant ask for investment based on a future valuation. That was a huge red flag.
Personal PC if a company with a negative balance is doing well what do you call a profitable one?
@@personalpc7439 By what metric is it doing very well? they're still running in the negative
@Martin Shepherd So they are actually doing somewhat okay, if they have a balance of 67k quids. ;)
Sarah was a really good dragon, I wish they'd stuck with her
Why did they get rid of her?
Maybe she left them.
I fancy her a bit ngl
@@somemong989 don’t we all
And burning hot
I’m in a cycle of watching dragons den videos back to back for hours
Me to
I worked in a framing business. They just smashed glass straight into a wheelie bin and gave no fucks about it getting everywhere. This is an amazing idea and breaks away from the council pocketing all the waste that glass companies produce. Especially if they find a way to recycle this glass it could work for sure.
He should have named it "glasshole". 😊
Amazingly the company is not dissolved but its not doing well. At the start of 2020 it had 21k in bank and the assets aren't much either. Indeed a relatively small shop would do better
You know she's trying to twist the knife when she says "I've never said that to anyone before"
No need at all. The best was peter i cant remember the product two israeli businessman he said to one of them seemingly out of leftfield "there's something very nasty about you" 10 mins later i think he felt guilty about saying it , he invested in them.
The bloke should have been more transparent. 😂
john smith Yeah he said ‘There’s something about you that’s actually quite horrible’ then later was shocked he said that and took it back
@TIGERWOODSBOYFRIEND 😂😂😂
etherealessence When I heard that I wanted to say back to her, "Well you ought to get out more then, hadn't you?" Probably would never be a good idea for me to need money from the dragons....🤔
Nick doesn't let ego interfere with his analysis. He is the best of the bunch.
It wasn't an ego thing here. He deliberately took a punt on the product because he liked it.
Yeah I wouldn’t call it ego. These are experienced investors and business people and they’re not desperate. They’re in positions where they can turn down business opportunities just because they don’t get on with a person. Any of them could turn this business into something successful, they just don’t NEED the extra success if it’ll burden them too much.
The noise factor in a bar of the constant breaking bottles into his machine would be too annoying.
There’s a local bar near me that uses one. You have to lean over the bar and yell at the staff to be heard over the noise of it
Given the number of cases that have been through my house/balcony through the year+ of lockdown, I think we should install one for the block of flats despite the noise :/
I thought what he was explaining is that it has a longer tube that goes to the basement and then does it's thing?
@@Hendrycks yes, but most places don't have a basement so they crush inside the place causing their customers the annoying noise
@@zubaabbas Just turn up the music volume that way the customers will be annoyed by the loud music and not the sound of the glass being crushed. 😆
Let's all take a minute silence for Nick's money
His heart will be shattered
MoRob well it’s a heart of glass.
The deal probably never went through.
@@TadRaunch indeed, his page only shows a owner
Lol'ed :))))))))))))))))))))
Nick didn't invest after the show due to things about the company being left out of the pitch. The company, Glassbusters, is still operating 5 years later but is still not earning any money, it's estimated value is -£80,000 due to overheads and rent.
Aww. Wonder what the problem was.
How's he living?
@@johnsmith-wx5fb - Well, the business only breaks even because bills have to be paid and employees have salaries that need paying including his own.
@@johnsmith-wx5fb he lives inside one of the machines and eats broken bottles
@B B Even if the dragons invest they never become directors, just shareholders mate, so they wouldn't appear as directors on companies house etc
Damn they ragged on him and he still walked out with a deal lol
“He could have gotten 40%, but I wouldn’t let him know that.” Um, you just did!
“.... during the negotiation process.”
it's always a good idea to show how you got one over on your new business partner. a great start to the relationship
@@KJ_2020 That's exactly what I was thinking. Wack!
He's just trying to make himself look smart by making it look like he got one over on Nick Jenkins by saying he would have given away 40% I don't believe he would have given away that much of his company.
@@NN-jd5ul he did not
8:18 you just can't help expecting that Tuka is after his office in London again whenever he asks about offices, permises and land etc. lol
Seems a bit dodgy that he wouldn't say what he does outside this company. What does he have to hide? Just a strange decision and I think it would have been a red flag for the dragons
Does "waste management" have the same implications it does in America?
@@dormiebasne3578 Is it mafia slang for a hitman?
Lets just leave it at waste management
Not dodgy at all. Thats not whats on offer. If you've watched dd before, you'd know the dragons have a habit of getting the other business involved in the offer. He doesn't want that so doesn't go there. Seems perfectly fine to me.
@@thedunyadoneya2628 What also happens a lot is people set up a company for the business they pitch to the dragons and keep all their assets in another company. They expect the dragons to invest and take the risk, while protecting themselves. The dragons don't like being taken for mugs like that.
Well, at least the company is still running. Unlike a lot of the other ones that come through the Den. ☺
Doing well?
@Martin Shepherd double negative? He must be doing well then!
@@rippawallet I see what you did there. 😉😊
@@BY-ux9pi Unfortunately, they're not doing well. I couldn't find whether the dragon was still involved or not, but I pretty much doubt it.
If I were nick and seen him pull that 40% comment at the end I would have made sure I got 40%, silly comment
Touker - Office Space
Tej - Vitamins
Deborah - the big boys
Jenny - Out
Doug Richards - young children
Peter - valuation
Theo - my childrens inheritance
I feel like the dragons have a hidden way of communicating ...
What I don't understand is why we make glass bottles use them once , then smash and recycle to make new bottles, surely it's better to collect them , wash and sterilize them and reuse, just like we did years ago.
I like how he basically accepts the offer with a YOLO. 😂
Sarah was always one of my favourites.
Fit.
You would
Looking sexy as normal today.
Would smash.
Tom G ye man she’d get it all owa
Goes through the silencer? Still freaking loud!
😂 that made me laugh too. The ‘silencer’: a small plastic tube that sits on top of the metal box in which bottles are smashed to smithereens.
Right in time for my lunch break 👍
Same here, litteraly eating my lunch right now🤣
@@cashmoneydoe me too haha 12.30 to 13.00
This guy is talking out his glass
Hahaha. U funny guy.
That made me laugh
Bloody hell... Didn’t see that coming from Nick!
“In usually covered in muck”..... ok then I’m investing in that business 😂😂😂😂
Debroah to Sarah: "Copycat!"
Totally
The man basically said, “YOLO, we got a deal”.
"I will gladly pay you Thursday for a hamburger today"
Petes mouth needs a cap
It kinda felt like Peter Jones doesn't understand DCF valuation, was that just me?
Just try telling him that his businesses can’t trade on the LSE with a PE ratio of more than 1 and see what he says. To not take future earnings in to account when valuing a business is ludicrous and he knows it.
@matt WTF LOL
@@Itsmemario24 LOL
By his reasoning, no one would buy anything ever. A car? Nope, unless you can drive for Uber till the cows come home so you can make the money back in a year, it’s not worth it 😑 He basically only wants to to invest in pyramid schemes! No risk involved /s. Kind of defeats the whole concept of investing?
To add to that, even if someone had a genuine proposition that good - would anyone bring that to the den? At the returns he wants, any sane person with such a good business would get a loan, end of story. So sick of hearing the same spiel in each episode.
Oh WOW!! I was not expecting that ending
nice guy glad you got a deal all the best for your future
"We are on this planet once", - well said 👏
The company is in liquidation now.
Did not see that coming lol. I was like "oh you have to take that deal boi"
Maybe they should use sign language with this guy or ESP because getting him to listen to words seems impossible.
You're a follower. If Deborah had said she loved his ease of communication you'd say i like this guy. Dont worry sarah copied Deborah too
john smith I’m a businessman and this guy is a walking cash haemorrhage
@@johnsmith-wx5fb definitely I think they was too hard on the guy.
Peter "dad jokes" Jones always with the last word
He's got nothing on the narrator, though
@@aaronhurst4379 yeah but the narrator's delivery is terrible
He should make deals with the local bottlers (or their bottle makers) to supply the glass back to them as locally as possible.
The guy they hired to write puns for this show must be making a fortune.
That's how Peter Jones got so rich.
For anyone interested, the deal with Nick never went through. But the business is still running and has 171k in the back. Looks like he did alright after all. 👍🏼
It doesn't look good at all - according to the latest record on Companies House, the company owes 370k, with 277k needing to be repaid this year
we need guys like u for the followups
👍🏼
Brilliant video great stuff 👍
Another solution looking for a problem. £180 a month to have their glass removed...can't see many places taking him up on this offer.
It's Four times more expensive than you think.
@5:00 Collection fee Costs £181 Per Week.
When you see that there is still 4 minutes of the video left and 4 dragons have already pulled out..u know then and there that the 5th dragon is definitely going to offer him..
I m a genius..
Good on him!!!!
Nick Jenkins does great at looking at the ways the gears in the businesses pitched actually works.
I believe this idea has legs just because of the transport efficiency of the glass waste after smashing vs. before smashing. Efficiency usually = profit.
Wikipedia Nick Jenkins was never listed a shareholder so they believe the deal wasn’t completed
He smashed it
13:06 has to be the best business lesson on closing.
Most sensible person I’ve ever seen
Nick was a FANTASTIC Dragon, I miss him..
As someone who has been in the trade for 23 years (tho not for the last 5 months), glass disposal isn't an issue. Downstairs cellars aren't as common in bars anymore, especially in big city centres. The main problem is SPACE. Cellars big and small are packed with kegs and cooler systems and different machinery and for health and safety reasons space still needs allocated for safe manoeuvring by staff... that's why good old fashioned glass disposal as he demonstrated at the start is still used. Staff wear ear protection and safety glasses and most of these glass bins are kept off-street/alleys and away from customers. They're also collected and recycled. Yeah, it's a racket, but very rarely for customers that it's a problem.
I hate the fact that they treat people who don't make money so badly and the ones that do make money they want a chunk of it.
It’s not a charity show
They're looking for profitable investments. If the business isn't making money, what's in it for them? If you went into a restaurant and they said they didn't have any food today, you wouldn't pay them for a meal. It's the same with these businesses.
I’m amazed he got the offer.
“Nick probably could’ve got more, I would’ve let him go to 40%, but I wouldn’t let him know that” He says on National Television 💀🤡
A machine that crushes glass on the premises .. Mmmmm for ten grand a year .. why why Oh why would anyone pay for such a pointless contraption..
Keep earning money at the bar
With 85% businesses failing in the first year, the key is to do nothing and watch the money stay in your pocket
Money in your pocket doesn't make more money.
what a smashing idea!
I really think that Nick is one of the smartest dragons the den had
'Glass Crusher Pete'! Sounds like a good name for a character in a Guy Ritchie gangland film ; - )
Is it me, but if you drop a bottle down a chute into a bin in a basement, surely it will be in pieces without the aid of a machine. Plus I seem to remember a machine like this at TESCO recycling points many years ago and they kept breaking down
13:48 that "hahaha" though oh my
Can't believe the ending! They are still in business though!
Didn't see that coming but good for him
The music is so intense!
But it’s dampened by the presenter making cheesy puns
Jenny invested more than Sarah willingham, doug richard, kelly hoppen and piers linny combined
Nick made a smashing entrance, and we all thought it was going to go to pieces, and even though he drove them round the bend he got there in the end!! ha!
In my area, all the bottles are returned to the store, to get the deposit back,
I don't want to invest today, on tomorrow's price. Amazing quote Jonesy!
Pete seemed like a good bloke but he doesn't seem too sharp which is a shame cuz what Deborah was saying to him was actually his best advise. Stop the manufacturing, and license out the technology to one of the big companies.
This guy’s 100% in the local mafia
Oh ya
It does not make any sense . In a bar / restaurant they put all the bottles in bags when they close as part of the cleaning and it cost no more money . It just creating an unnecessary need .
Advert with Jenny Campbell came on right in the middle of the video. Love it.
That's where she was when this video was being filmed. She was out.
I'd love to see it
I work in a cocktail bar we really value Zero waste
We had one of these for about 3 months
you can put about 10 bottles in one after the other and the machine breaks down and needs to go in for repairs
so after the 4th or 5th time we just gave it back..
Why would you spend over £200 per week to get shot of a bottle. Put them in a crate and chuck them in a bin.
Businesses have to pay to have their bins emptied.
The company still exists, and are ticking over, but did the deal with Nick go through? I think not.
Yeah, I usually check www.tigermobiles.com/dragons-den/# for such information but this is the very first time there's no entry whatsoever...
@@Kris_Aalst that's an interesting site, thanks
That has to have been Nick's largest investment amount ever on the show! I doubt it actually went through.😄
Wide legged power stance while presenting your pitch. Alan Partridge would approve.👌
This guy now owns 7 brothels and a takeaway shop in Cornwall. Anythings possible
This guy is so indirect it would take him lifetime to cross the street
Who you gonna call, glassbusters
Great idea