A young woman from Burnfoot and her Bangladeshi-born husband had the normally ferocious business experts on Dragon’s Den literally eating out of their hands on Sunday night.
Sarah Nic Lochlainn and Sarajit Chanda, owners of the award-winning Fuschia House Restaurant in Ardee, Co. Louth, were pitching for their new business line, Aruna Sauces, a range of fresh, restaurant quality sauces based on those made by Sarajit’s mother, Aruna. The couple were looking for a €30,000 investment in return for an eight per cent stake in the business.
The Dragons loved both the food samples they were given and the business plan that the couple presented. Two Dragons, Norah Casey and Bobby Kerr, offered to join forces and each put in €15,000 in return for eight per cent each. Gavin Duffy and Niall O’Farrell both offered to invest the full €30,000 in return for a fifteen per cent share of the company.
Sarah, whose late father Paddy was a well-known farmer from Inishowen, showed she’d inherited his considerable skills for negotiation. After a bit of haggling, Gavin Dufffy said he’d accept fourteen per cent.
A butterfly then settled at the couple’s feet. Sarajit explained that this is considered a lucky omen in India and the deal was sealed.