"You Love Chocolate More Than You Love Business"

"You Love Chocolate More Than You Love Business" | Shark Tank AUS

Рет қаралды 347,261

3 жыл бұрын

Master chocolatier Arno Backes is asking for $600K in exchange for 40% stake for his company Ganache Chocolate.
An international sensation, Shark Tank AUS features entrepreneurs pitching for investment in the Tank from our Sharks, five venture capitalists willing to invest their own money in exchange for equity.
As Seen On Shark Tank Australia Products: amzn.to/2ZJBbyf
Shark Tank US Products Collection: amzn.to/3bMNjmI
#SharkTank #Chocolate #Ganache

Пікірлер: 333

@michaelgabriel2946 3 жыл бұрын

That might of been the most professional pitch I've ever seen. And despite his numbers being poor in their opinion, his knowledge of the numbers in general was excellent. Well done guy

@jbird4478 3 жыл бұрын

His number aren't very good, but I think it's far more impressive to keep a business like that successful for 10 years than it is to strike a lucky one and cash a million in a year on some tech startup.

@Tyshkevich 3 жыл бұрын

His numbers honestly weren't THAT bad. He was making 2-300k a year. 40% of 2-300k, she'll get her money back within a few years if they do nothing at all. If they expand and grow they easily hit that 600k mark yearly. Especially if she negotiates the lower cost of goods and payroll. That instantly and extra 100k+ in the bank. Better to own a chunk like that in a stable settled business than take a risk at something who knows how will end. She got a STEAL.

@Michael-ju7xu 2 жыл бұрын

@@Tyshkevich if we assume they hold it at $200k-250 per year, that's 80-100k return to her equity, or 12-16% annual ROI. That's really quite good

@abubakarsarwar1763 3 жыл бұрын

Love the fact that he didn’t make the whole pitch about his recovery from cancer. It’s amazing how he did not want a pity offer. Wish him best of luck

@user-yo7dr5zv5q 3 жыл бұрын

*God bless

@sagarvarsani7367 3 жыл бұрын

Little known fact that cancer patient's know is how common it is to have cancer

@adhirajnagpure1097 2 жыл бұрын

Yeah , and ig only naomi falls for pity baits

@shivinunitholi2493 2 жыл бұрын

Couldn't agree more

@BE-bs8oe 2 жыл бұрын

He's one of these Germans with the heart set on strong workethic and integrity

@mrzjohnson4 3 жыл бұрын

This guy was extremely professional, knew his numbers and didn’t dilly dally.

@princecuddle 3 жыл бұрын

thats a true german for ya

@gamingsportz3390 3 жыл бұрын

@@princecuddle 😂😂😂

@mrzjohnson4 3 жыл бұрын

@@princecuddle I mean you’re correct haha

@vinxe1161 3 жыл бұрын

Oi mate i absolutely fancy when they don’t dilly dally! Tiddleledoo Woohoohoo

@mrzjohnson4 3 жыл бұрын

@@vinxe1161 hahaha for fucks sake 😂😂 I knew when I used that term there’d be one 😂👍🏼

@sharanyopramanik5078 2 жыл бұрын

This guy is typically German, no beating about the bush and getting straight to the point and BEST QUALITY products

@bryantan4228 3 жыл бұрын

"I was diagnosed with cancer 6 years ago" You can see the "oh shit" look on their faces.

@megaangryjoe 3 жыл бұрын

and the mad lad didn't harp on it either. Homie had his numbers in check and was very professional. He deserved an offer, and with the share that she got she should easily make her money back based on the numbers he provided. Excellent dude

@SheeceGardazi 3 жыл бұрын

mate i jumped out of my chair at that

@vepz13 2 жыл бұрын

99% chance they knew that beforehand, through the application:)

@MADMAX7330 3 жыл бұрын

I half expected Janine to demand 197% of the business for $600k, but it seems that darn chocolate really was better than sex.

@MJ-py7dm 3 жыл бұрын

Lmfao

@ForTheLinKuei94 3 жыл бұрын

😂😂😂

@eriol_h 2 жыл бұрын

Lol

@taylorsheets5913 3 жыл бұрын

What I like about Aussie Shark Tank is that all of the VC's get up to congratulate the entrepreneur after their pitch not just the ones who benefit from the deal only. Shows class.

@eriol_h 2 жыл бұрын

So true. Such nice people they are.

@TheIsraeliPunk 3 жыл бұрын

What an humble and professional guy, I really glad he got a deal I wish him all the best

@ry6222 3 жыл бұрын

Lovely chap seemed very humble polite and well mannered, wish all the best for him

@benstanfill363 3 жыл бұрын

The humbleness of saying I'm not really great at the business side, I just want to be able to share the chocolate and I need help is immense.

@readmycomment3157 2 жыл бұрын

His percentages were actually quite reasonable, and to be putting 6 figures on the bottom line every year is a fantastic result. They just didnt want to spend 600k, thats what it came down to.

@trenh 3 жыл бұрын

Saying a guy paying his workers properly is poor management 🙄 come on not all of us want our employees living off of scraps

@dizzyb111 3 жыл бұрын

That's what happens when you sell your soul to big business.

@everetthancock2043 3 жыл бұрын

I was just thinking in my head, there's a manager out there in his store desperately trying to get his/her crew enough hours to support their families, so they seem "incompetent" but really they're trying to give the staff enough hours I can see both sides. I guess business can be harsh

@gregblake2764 3 жыл бұрын

It doesn't require reducing salary or staff. It requires looking at operations to streamline processes and increasing production. They are selling a finished product, they just need to make a little more to make the numbers work.

@kfallon862 3 жыл бұрын

@Everett Hancock Workers deserve a living wage. Full stop.

@everetthancock2043 3 жыл бұрын

@@kfallon862 yup. All of em. From the dishwashers to a restaurant manager. They all have families and loved ones.

@simplysaifskits3847 3 жыл бұрын

Ow no am starting to get addicted to these clips , HELP 😂

@adityachakkarwar2323 3 жыл бұрын

first time?😂😂

@simplysaifskits3847 3 жыл бұрын

@@adityachakkarwar2323 yes actually, but it's seems it's not gonna be my last 😂

@dipmodi844 3 жыл бұрын

@simply saif skits Same here😂😂

@muhammadpatel5430 3 жыл бұрын

Join the club lol

@irenea8132 3 жыл бұрын

I have been for a long time 😭.... can’t get enough !

@akankshachawla2280 3 жыл бұрын

You can tell how polite these sharks are. I mean they all get up to congratulate the entrepreneur. How sweet is that

@skinneymoney 3 жыл бұрын

I think we should seriously start a petition of some kind, or otherwise 'request' to bring back Shark Tank Australia. They are honest, entertaining, endearing, educational, but most importantly, inspirational. Who else would be down for trying to start a movement of some kind to bring back ST AU?

@youtuber253 2 жыл бұрын

It got cancelled?

@kahea2018 2 жыл бұрын

They're always like, "You suck at business! You don't know what you're doing!" And the guests are always like, "Yeah! Exactly! That's why I'm here!" I need help!" 🤣

@SirPeterlll 3 жыл бұрын

"Funding Round Jun 20, 2018 Ganache Chocolate raised $600,000" and "Est. Annual Revenue$3.5M" So I guess the deal with Janine went threw.

@poop10I 3 жыл бұрын

Thanks for the update mate, happy for the humble guy.

@minsugagenius818 3 жыл бұрын

There’s a guy close to where i live that makes and sells chocolate. He said he makes 15000 chocolates in a week and he works all alone too. He has to get 1000 chocolates ready everyday because some people travel there by boat just to try the chocolate. It was mind-blowing to hear that he does all of that ALONE. He also makes chocolate that tastes exactly like some foods. He took the ingredients/flavours of a cinnamon roll and made it into chocolate and it tasted EXACTLY like a cinnamon roll

@malini18 2 жыл бұрын

That sounds nice. Which country is he from?

@ZevMeth_originaljewishmusic 3 жыл бұрын

Naomi, $600,000 is way more money than I have in my bank account, so I'm out!

@OverlandOne 3 жыл бұрын

Naomi: "You do not make red chocolate so, I am out."

@diamondmine7819 3 жыл бұрын

I love the fact that in the australian version all the sharks stand up to congratulate the pitcher once he's closed a deal

@bennyloppo 2 жыл бұрын

this dude right here is a true professional. if I were him, I would be crying and beging for the shark's pity with the cancer upstart. He just answered "it's all good" and went into his most favorite thing, chocolate. Hope there would be a day to enjoy that Ganache Chocolate. Cheers.

@waleedmasood7594 3 жыл бұрын

I think it’s insane that on some businesses, the sharks are like “mm I don’t like the valuation (or smth like that) so instead of 20% I want 40%.” But then here they’re like “oh woah you want me to take 40%?? So you just don’t care about the business???” Make it make sense

@frenlyneybur7544 3 жыл бұрын

At the end of the day, the sharks are risking their own money. Sometimes they don't have good reasons to reject candidates, so they just make up fake reasons. Like when you get rejected from job interviews, they say "we chose someone who was better suited the role" when you suited it perfectly

@TronKyLam 3 жыл бұрын

@Dyanosis I agree with you. Plus, it is the fact that you do not see deals like this quite often when people actually give you that much control of the company, so it is absolutely reasonable that the sharks, as the ones who are taking the money out of their pockets, have to clearly understand what the story is.

@MurkTempers 3 жыл бұрын

He’s so humble and eager to listen

@fsalam 3 жыл бұрын

An honest entrepreneur with a very good and potentially great business. I feel if he started at 20% stake for the same amount of money, more sharks would have been compelled to offer and negotiate the stake up to 40% 😃. There would have been a sense of achievement for the sharks without the uncomfortable lecture of reminding him that he is a minority shareholder now. In the end, a good deal for both.

@goodasnewrepairs 3 жыл бұрын

Naomi has a meeting with Jenny and Barbara to discuss who can go out the quickest.

@deekircher21 3 жыл бұрын

Steve gets excited when he sees the food hat as knows food is involved

@haranpillay4015 3 жыл бұрын

Thank god Janine didnt come out with weird percentage numbers.

@ZevMeth_originaljewishmusic 3 жыл бұрын

I'm surprised, I thought Naomi was going to offer the full amount for 100% of the business!

@skinneymoney 3 жыл бұрын

They're still posting episodes?! Yes!!!

@jbird4478 3 жыл бұрын

Everyone loves chocolate more than business. If you don't, there's something wrong with you.

@impianotespaul 2 жыл бұрын

No drama just straight to the point. Gotta love the germans.

@HelloYoutube89 2 жыл бұрын

Steve jots down on his pad: "Niiccccee Hat"

@domesticmamaasmr2251 3 жыл бұрын

Incredible story I wish this man health and success.

@arsenalforlife8405 2 жыл бұрын

These people are good hearted. Makes me teary. Even Glen saluted Janine for being good hearted.

@shourjochaudhuri 3 жыл бұрын

He came across as an honest and work a holic - super.

@silverfranklin508 3 жыл бұрын

Investment are stepping stones to success, investment is what create wealth

@jessicamolly9733 3 жыл бұрын

When you invest you're buying a day you don't have to work

@simontrees5289 3 жыл бұрын

Assets that can make you rich

@simontrees5289 3 жыл бұрын

Fashion investment Bitcoin Stocks Real estate

@gwencaster8470 3 жыл бұрын

@One Big Happy Life It's not ignorance but due to some unprofessional expert in the market

@hanksflowell2994 3 жыл бұрын

I'm from Spain I have been an Investor in the crypto market for over 2 years now

@yusufturno8746 3 жыл бұрын

What a way to say you made the 'right' choice! "Good heart decision" 😂

@neeleshc5527 2 жыл бұрын

This chocolate guys is such a gentleman..really love the way he speaks and hr is dedicated to his craft !! Why no one is trying to help him out ? It is crazy..

@albertwinston5730 3 жыл бұрын

Ultimate dedication. Great attitude

@kennghost 2 жыл бұрын

i just started watching the AU version over the past few days and damn, they should just call it Shark Tank: Wholesome Edition

@mr.marketoriginal3808 3 жыл бұрын

We DO love Chocolate and Business!

@amandaslife1259 2 жыл бұрын

Hes awesome and good luck.to him he's so humble kind and patient.

@Dean-oh4pi 2 жыл бұрын

"Money talks but chocolate sings" 😂

@tommyhayes9852 2 жыл бұрын

Like how the other sharks get excited when the guy gets a deal these people are very classy

@sanjaytrasy6705 3 жыл бұрын

True test of character. While all the sharks chickened out, only genuine stood out clearly apart from the others.

@IanHollis 3 жыл бұрын

Are there any follow-up stories for this show?

@errolG68 14 күн бұрын

Great to get new Ideas

@AmazonPPCManagerFreeAudit 3 жыл бұрын

COnditions were awesome. It will help him grow his business.

@JDNicoll 3 жыл бұрын

Beautiful human being.

@DocRealTalk 3 жыл бұрын

Did she say 30% of the income going to staff wages was a bad thing? In her mind it should be 10% for wages, 10% running costs and 80% for her lol

@worldpeace1822 2 жыл бұрын

Thought the same 30% at around 1 mill is 300 to 400 k a year what’s just about 35k for 10 people a year ….in 2 Stores. That’s totally normal unless you raise the sales margin if that’s even possible

@Dennifer1 2 жыл бұрын

In her mind the staff should be on visas and getting extorted.

@barrettorth8413 Жыл бұрын

No, he said he was spending 36% on labor, 37% on cost of goods, and 20% on rent; leaving him approx 2.5% and 8% in profit margin between his two stores. Those are abysmal numbers, especially for a luxury chocolate manufacturer.

@getschwifty6156 3 жыл бұрын

'Good heart decision' hahahaha

@pulz1191 2 жыл бұрын

Good guy. So good to work with, that the management may be ripping him. He will now be helped.

@grahamdwells 3 жыл бұрын

...and she's not godzilla. LOL I love the Ausies.

@Rudypaolo 3 жыл бұрын

Any update on the business?

@dariushkasra5379 Жыл бұрын

I like that the hat makes him just slightly taller than everyone else

@ZVVWVVZ 2 жыл бұрын

Seems like such an awesome guy.

@alexs3187 3 жыл бұрын

“That’s actually quite smaaaaaaawwwwwlll” - no it’s fucking minuscule!

@gadgetgirl9 3 жыл бұрын

Love the Australian Sharks.

@Marian_Rusnak 3 жыл бұрын

this this air in 2018 ?

@Lommy9999 3 жыл бұрын

Do Australians in general smile widely whenever they meet strangers?

@yvo84 3 жыл бұрын

Yes

@stampiz 3 жыл бұрын

HE IS SO TINY LMAOOO

@mikewasfaret9563 2 жыл бұрын

Didn't realize how short he was until the end.

@sarahalhazeem2161 3 жыл бұрын

Thoes chocolates looks mighty fine look delicious!!!!

@sriram957 2 жыл бұрын

“My wife is called Ganache chocolate” Steve: she tastes good

@jf1341 2 жыл бұрын

He should have asked for 25% and allowed them to take 40. Offering the big chunk at the very offset set off alarm.

@lr2075 3 жыл бұрын

Janine was thinking too long about why her husband's love-making is not better than chocolate. 🍩

@Realisticautism 3 жыл бұрын

Post more videos!

@SuperpowerBroadcasting 2 жыл бұрын

Great deal

@GLORYZONE92 3 жыл бұрын

I've yet to see Andrew offer. He's sound though so it's all good

@minsugagenius818 3 жыл бұрын

He reminds me of Josh (from the Mythical kitchen)

@zlatan4920 3 жыл бұрын

Good guy

@ivan_0525 3 жыл бұрын

Sheeeeeesh

@roldanelvis2449 2 жыл бұрын

Love you Jeanine!

@Lucian_King 2 жыл бұрын

First time im seeing an entrepreneur walking into the tank that is willingly giving away that much equity of his business right from the very beginning. It's almost half of the business. I think this man just wanna see the business grow massively and doesn't care bout the money and the ownership. And yeah that's been well said, he loves chocolate more than business. 🤗

@karanlakhwani7173 3 жыл бұрын

I like how in Shark tank Australia they all get up to congratulate the entrepreneur for getting the deal whilst in US they just sit on their asses

@stanyon 3 жыл бұрын

They stopped getting up in episodes filmed during covid

@karanlakhwani7173 3 жыл бұрын

@@stanyon No I mean only the person who does the deal gets up in US. Here in Australia every1 gets up to congratulate the businessman

@supershrimp1 Жыл бұрын

This guy taught me to make my own chocolate bar! Such a nice guy :)

@DavidFawehinmi 3 жыл бұрын

Can someone help me out here? Janine wants him to reduce his cost of goods to 33% and his cost of wage to 30%. Is this % based on cost of production or total operation expense

@user-hp2rv6kq2h 3 жыл бұрын

he is like a angry npc chef

@Normallyneil 2 жыл бұрын

I love him ❤️

@FentumGames 3 жыл бұрын

“And that’s why I’m ...” “gonna make u an offer” WHAT?!?!?!

@christysdeals4u 2 жыл бұрын

They closed their retail shops and only do wholesale now.

@AlanTheBest97 3 жыл бұрын

Shark Tank Australia is the best in the world, I love all the sharks. They are not mean Just for the sake of It, every criticism ia very sound.

@Nig4T-Wolf 3 жыл бұрын

Everyone loves dark chocolate 🍫 😋

@EdwinWatson 2 жыл бұрын

Janine is an incredible investor. World class.

@drillcream 3 жыл бұрын

How do you bring cost of wages percentages down? Pay cuts?

@JewTube001 3 жыл бұрын

that, also cutting and casualizing staff

@gregou9885 3 жыл бұрын

Could also increase prices?

@JewTube001 3 жыл бұрын

@@gregou9885 due to the elasticity of demand sales will go down, reducing cashflow and ultimately staff/wages.

@pistachios2012 3 жыл бұрын

I watch shark tanks and improve so much in business

@GatherYeRosebudsWhileYeMay 2 жыл бұрын

As soon as he said he had cancer they were like fuck that lol 🤷‍♂️

@deekircher21 3 жыл бұрын

Andrew is true gentleman

@abirmef9510 3 жыл бұрын

Wow thank god somebody aggreed he seems like a nice guy💟

@eriol_h 2 жыл бұрын

Best of luck mr. Arno. If you were to ever decide to ship to India, I'd definitely order your chocolates.

@nashpal1 3 жыл бұрын

Australia chocolates are one of the best

@ninaadb9833 3 жыл бұрын

Naomi is the Barbara of Shark Tank Aus🤣

@botagz 2 жыл бұрын

Has master's degree as a chocolatier 😮😮😮

@lawriehahnsuperdry Жыл бұрын

Seems that the cafes have since closed.

@SHONALIJUNEJA 3 жыл бұрын

I really reallly wish his business takes off high

@DA-dh5vf Жыл бұрын

how is this company doing now

@awunggawunggshi1137 3 жыл бұрын

I think this guy did not really think it through... If he were to come asking for a lesser amount of money with lesser percentage on offer, then iam sure all the other sharks would be more than happy and confident to back his business!...