Entrepreneur Glen entered the Den in 2012 looking for an investment of £250,000 for 30 percent equity in his business, Camping bugs. Camping bugs designs, manufactures, delivers and installs buildings that are leased to camp sites and hotels. They can also be used as beach huts and garden offices.
Glen owns a timber building manufacturer and usually has spare timber left over from other products. By using this spare wood, he can keep costs down.
The production cost would be between £800 and £1,500. He told the Dragons the company had already manufactured around 50 camping bugs and these had been leased out already.
Deborah Meaden thought this was “incredibly great value”.
When asked about his investment request, Glen explaining he needed to “upgrade some of the production facility”.
He said: “The investment would be to build a lot of them quickly for specific events that we know we can lease them out.
“If we don’t lease any and put them on campsites, your money will stay in the bank and not get touched.”
Peter Jones questioned Glen about his other business. Glen…
