In today’s health-conscious world, fitness and alcohol are often seen as conflicting pursuits. However, as we’ll explore in this blog post, a recent episode of Dragons’ Den introduced a business idea that aims to combine the two. We’ll analyze this idea, along with the potential benefits and drawbacks of combining fitness with alcohol. So, grab your protein shake (or your favorite cocktail) and let’s dive in!
Combining Fitness and Alcohol: An Analysis of Dragons’ Den
Alcohol and fitness often stand at two opposite ends of the spectrum. One is associated with unhealthy indulgence and the other with clean living and discipline. However, two entrepreneurs in the UK have pitched a product that combines the two. Genius Brewing, a craft lager that is brewed to have 3% ABV and 79 calories per can, aims to make healthier drinking a pleasure. Recently, the co-founders pitched their product to the Dragons’ Den, seeking a £120,000 investment for 4% equity to grow their business.
The co-founders, Charlie Jordan and Justin Deighton, have created Genius Brewing with the aim of providing a healthier alternative for those who enjoy drinking alcohol. They aim to promote “moderation without sacrifice” by creating drinks that enable people to enjoy a beer without feeling guilty about the calories or the impact on their fitness goals.
The Dragons were intrigued by the concept but had concerns about the viability of the product. This led to a heated discussion about the connection between alcohol and working out.
The Dragons’ Questions
Deborah Meaden was impressed with the taste of the beer but predicted that they would need to spend another half a million pounds on branding to ensure the product stood out on the shelves. Peter Jones sought clarification on the market for the product, and asked whether people who were interested in their fitness would want to drink beer at all. Touker Suleyman walked away from the deal, citing concerns over the numbers.
Throughout the discussion, the co-founders remained optimistic about the potential for rapid growth. They emphasized that the product had already been stocked in several high-end stores and online retailers, and that they had raised over £510,000 so far, with only £24,671 left in their balance. They also shared that their sales have been modest with a turnover of only £50,000.
The Future of Genius Brewing
Despite the challenges they faced, the co-founders of Genius Brewing remain committed to their product and their vision of a healthier drinking culture. They believe that there is a real opportunity to change the way people think about alcohol and fitness, and to create a new category of drinks that enable people to enjoy themselves without sacrificing their health.
Furthermore, with the right branding and marketing strategy, the product could see much greater success in the future. The co-founders believe that the product is still in the early stages of its growth, and that there is plenty of room for expansion.
What is Genius Brewing?
Genius Brewing is a craft lager with 3% ABV and 79 calories per can that aims to provide a healthier alternative for those who enjoy drinking alcohol.
What makes Genius Brewing different from other beers?
Genius Brewing is designed to make healthier drinking a pleasure. It has a lower ABV and fewer calories than many other beers, making it a better choice for those who are mindful of their health and fitness.
How successful has Genius Brewing been so far?
Sales of Genius Brewing have been modest, with a turnover of only £50,000. However, the product has already been stocked in several high-end stores and online retailers, and the co-founders have raised over £510,000 so far.
What challenges did the co-founders face in Dragons’ Den?
The co-founders faced questions about the viability of the product and the connection between alcohol and fitness. Touker Suleyman walked away from the deal, citing concerns over the numbers.
What is the future of Genius Brewing?
Despite the challenges they faced, the co-founders remain committed to their product and their vision of a healthier drinking culture. They believe that there is still a lot of room for growth and expansion, and that the right branding and marketing strategy could help them achieve even greater success.