The pitch
What walked into the Den
InspectaCAR, from Calgary, offers independent pre-purchase inspections so used-car buyers know what they are getting.
Cody Paxman and Sheldon Anderson pitched in season 8, asking $85,000 for a 15 percent stake, which valued the company at roughly $567,000.
After the show
What happened next
The founders got their deal and then let it go. A Lethbridge Polytechnic profile of Anderson reports the pair accepted a joint offer from Jim Treliving and Bruce Coxon at $85,000 for 15 percent, but after extensive due diligence they decided not to proceed, disagreeing over whether to expand into repairs.
The business is still open. A July 2026 check found an active Calgary inspection operation at a single southeast location with listed hours, phone and a customer login, though some page content read as dated.
Our read
The Hub verdict
InspectaCAR mirrors LeakPro: a real on-air deal that the entrepreneurs themselves chose to abandon. They accepted a joint Jim Treliving and Bruce Coxon offer at $85,000 for 15 percent, a roughly $567,000 valuation, then walked during due diligence over a disagreement about expanding into repairs. Turning down a Dragon after the handshake is rarer than being turned down, and it usually means the founders valued their own direction over the cheque. The Calgary inspection business is still open at a single southeast location. InspectaCAR and LeakPro carry the same lesson from opposite chairs: a televised handshake and a closed deal are not the same event.
Deal accepted then declined by the founders
Worth knowing: The on-air deal and the founders' decision to walk are both on the record.
