The Log Holder Company
Name Seamus Connolly
Equity sought 20%
Investment sought €20,000
Seamus Connolly from Athy, Co Kildare from The Log Holder Company, he is looking for €20,000 for 20% in his company which designs a range of Victorian style log holders which allows your fuel to dry out.
The Dragons check out Seamus’ designs. Barry asks what the costs are to manufacture, Seamus tells him it costs €40 to make one and he sells it for €100. Gavin tells him the costs put him off and asks can he get it down, Seamus tells him he could if he was to produce in bulk. He has sold 70 units to date and hopes to sell 400 in year one with a net profit if €20,000. Barry tells Seamus he doesn’t think the company is scalable so opts out. Sean also tells him he thinks it doesn’t need an investor so opts out. Ramona is the last Dragon to opt out.
Irish Web Design created the Log Holder Company e-commerce website
YouTube Dragons Den Interview by Log Holder Company on RTE Television