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Sir Mobile Spa productLeft without a deal

Dragons' Den Canada Season 4 · Episode 14

Sir Mobile Spa

a mobile spa bringing treatments to clients' own locations

A Montreal mobile spa that brought treatments to clients at home or work. The audience favourite pitched the Den and left without an investment.

The ask$200,000for 40% of the business
Implied valuation$500Kask / equity
Founders: Luc Draulet, Hugo Gagnon

The pitch

What walked into the Den

Sir Mobile Spa was a Montreal service built to bring spa treatments to clients wherever they were, from homes to workplaces.

Luc Draulet and Hugo Gagnon pitched it seeking $200,000 for a 40 percent stake, a request that valued the operation at $500,000.

After the show

What happened next

The pair did not leave with an investment. A CBC audience-pick contest page frames them as fan favourites whose appearance did not end in an accepted deal.

The Montreal service dates to around 2009 or 2010 and has no active presence today.

Our read

The Hub verdict

Two hundred thousand dollars for 40 percent puts a mobile spa service at half a million, and offering that much of the company for a modest cheque marks an early business hunting for a partner rather than capital. The pair left without an accepted deal. A spa that travels to the client carries the therapist's time plus the journey on every single booking, which is a hard shape to scale and a harder one to price, and they are remembered as fan favourites of the season rather than as a deal that closed.

A fan-favourite mobile spa that left without a deal