Top 3 Skincare Products | Vol.1 | Dragons' Den Canada

Summary

In this pitch transcript, entrepreneurs present various skin care and home product lines to potential investors. A mother-daughter duo from London Ontario pitch a rejuvenating face cream made from plant extracts, seeking a million-dollar investment for 10% equity. Another duo introduces a line of natural skincare products, 'Three Ships,' seeking $350,000 for 10% equity, and successfully secure a deal. Lastly, a single entrepreneur from Montreal presents an unscented home and body care line aiming for a $300,000 investment for 10%, and receives offers from two dragons.

Takeaways

• 💡 A mother-daughter duo from London Ontario pitch a rejuvenating skincare product called 'Face Fit' that can be both applied to the skin and consumed.
• 🐄 The Face Fit product was initially developed for cows, and its human skincare benefits were discovered accidentally.
• 🌿 The product is made from plant extracts and essential oils, and it's claimed to reduce wrinkles and heal skin.
• 💰 The pitch asked for one million dollars for a 10% stake in the business, with the mother stating 'go big or go home'.
• 🇵🇱 The mother, Uza, is originally from Poland and has been selling the product online and at farmers' markets for $65 a bottle.
• 🔎 The Dragons were skeptical about the product's high valuation and the claim that it's 100% natural with no preservatives.
• 📈 The sales in the last half year were between $26,000 to $30,000, indicating the business is growing.
• 💔 The Dragons were not convinced by the pitch, and all but one declined to invest, citing issues with the valuation and the product's appearance.
• 🌱 Another pitch for a natural skincare line called 'Three Ships' sought $350,000 for a 10% stake and impressed the Dragons with their sales growth and minimal ingredient philosophy.
• 🎯 The Three Ships founders successfully secured a deal with Target and Whole Foods, which significantly boosted their valuation and potential for growth.
• 💼 The third pitch was from 'The Unscented Company', seeking $300,000 for a 10% stake, focusing on fragrance-free home and body care products.

Q & A

What is the name of the mother-daughter duo from London Ontario?

The mother is named Uza and her daughter is named Agape.

What product are Uza and Agape trying to pitch to the dragons?

They are pitching a rejuvenating product called 'Federal Face Fit' that softens and heals damaged skin while providing nutrition to damaged skin cells.

What is the unique selling proposition of the Federal Face Fit product?

The unique selling proposition is that it can be both swallowed or applied directly to the skin, and it is claimed to reduce the appearance of sagging skin, lines, and wrinkles.

How much funding are Uza and Agape seeking for their product?

They are seeking one million dollars for a 10% stake in their business.

What was the original purpose of the product before it became a face cream?

The product was originally made for cows to ingest, not as a face cream.

How did the creators of Federal Face Fit discover its potential for human use?

They noticed that the cows seemed to glow from the inside out after ingesting the product.

What is the sales figure for the product in the last half year?

Between September and the time of the pitch, they sold between $26,000 to $30,000 worth of product.

What is the retail price for a bottle of Federal Face Fit?

The retail price for a bottle is $65.

What is the name of the natural skin care product line pitched by Laura Burgett and Connie Lowe?

The name of the natural skin care product line is 'Three Ships'.

What is the story behind the name 'Three Ships'?

The name is based on the discovery of the Fountain of Youth, where it is said that a crew discovered this place with just three ships instead of the more common dozens.

What was the sales figure for Three Ships in their first full fiscal year?

In their first full fiscal year, Three Ships did $100,000 in sales.

What significant health issue did Connie Lowe face?

Connie Lowe was diagnosed with a brain tumor and underwent a 10-hour brain surgery operation.

What is the opening order from Target for Three Ships products?

The opening order from Target is $200,000.

What is the name of the company that offers unscented home and body care products?

The name of the company is 'The Unscented Company'.

What is the Unscented Company's approach to reducing plastic packaging?

The Unscented Company offers a refill system where customers can bring their bottles back to retail stores to refill, thus reducing single-use plastic.

What is the current sales figure for the Unscented Company?

The current sales figure is $1.2 million.

What is the Unscented Company's valuation that the founder is seeking?

The founder is seeking a valuation of 3 million dollars for the company.

What percentage of the business is Andy Rulo offering in exchange for $300,000?

Andy Rulo is offering 10% of her business for $300,000.