Aquassure Accessible Baths

Matthew Longman and Shari McDowell of Kelowna, British Columbia pitched Aquassure Accessible Baths, a walk-in bathtub with a zero clearance sliding door designed to be safer and more space efficient than typical walk-in tubs, and asked for $320,000 for 30 per cent of the company. The tubs sell for $9,000 to $14,000 plus about $2,500 for installation, with over 300 tubs sold since inception and about $450,000 in sales over the past 12 months; the founders said they had invested more than a million dollars in the company, including buying out prior outside investors after a two and a half year dispute, and the company currently carries about $400,000 in shareholder loans.

Michele Romanow went out saying the sales and loss figures did not add up. Michael Wekerle felt the founders were expanding too quickly relative to their cash flow. Manjit Minhas was concerned about capital efficiency and a lack of company assets to show for the money spent. Jim Treliving felt the product was too niche to justify a large marketing investment, and Joe Mimran said he was unsure of the product's full potential. All five Dragons declined to invest.

Aquassure Accessible Baths is still operating and sells through its website.