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Dragons’ Den stars now making £3m a year after rejecting offer on show

Father and son Mick and Joe Smith turned down Duncan Bannatyne’s £50,000 offer in 2012 but are now raking in a cool £3 million a year with their online gardening warehouse

Dragons’ Den: Father and son duo Mick and Joe Smith try to negotiate

Two former stars of Dragons’ Den are now making a cool £3 million a year after turning down a low ball offer on the show.

Mick and Joe Smith – who run an online gardening warehouse – think they did right by turning down Duncan Bannatyne’s £50,000 bid when they stepped into the Den in 2012.

The father and son duo were trying to secure funding to bring a wheelbarrow capacity extender to market but they decided not to take Duncan’s offer.

The businessman wanted to take a 50 per cent of their company in return for his investment and they were only happy with giving away 10 per cent.

Joe told The Sun : “Turning down the Dragons is the best decision we have ever made. 100 per cent.



Mick and Joe Smith tried their luck on Dragon’s Den in 2012
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BBC)




“The Dragons are obviously very successful people. They know what they are doing but we know that for every deal that is done, only every 3 handshakes come to fruition.

“The Dragons do their due diligence after the show and if that makes them not like you, you have to pay for the checks.

“So in theory you can be thousands of pounds in debt even after getting a handshake and that’s not how we wanted to start the business.”



They rejected Duncan Bannatyne’s £50k offer
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Image:

BBC)




The duo then started to sell their products online and through shopping channel QVC.

Some of their products included polar bear and snowmen solar powered statues – which are very popular with customers in the Middle East – as well as other general gardening tools including shears, weeders and bulb planting tools.

Joe revealed the company was given a huge boost during the mail order boom which took place while everyone was stuck at home during lockdown last year.



The duo now make an impressive £3 million a year from their company
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Image:

BBC)




He revealed they sold 16,000 plants in just seven minutes thanks to a stint on TV and says it’s common to make around $20,000 a minute in an appearance on QVC in the US.

When they started the company, they put in just £10,000 – £5,000 each which their Great Uncle Peter left them in his will.

Joe had promised his father that he wouldn’t have to do any work, but he admits it didn’t end like that – with Mick always moaning about how much work he has to do, according to his son Joe.











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