CouchHaus

Paige and Harrison, from Vancouver, British Columbia, pitched CouchHaus, a custom modular couch company, asking for $100,000 for 10% of the business. Couches are built to order in a pre-order model with cash collected upfront, offered in six fabrics and 150 colour options, with pricing around $1,000 per module and about $5,500 for a five-piece set with ottoman including free shipping; the couches are manufactured overseas. The company has sold over $5.5 million since launching during the pandemic, with sales of $1.8 million in 2021, $1.7 million in 2022, and $1.4 million last year, a declining trend, though gross margin improved from 25% to 35% and net margin was 8%; the founders have invested no personal capital and recently signed a one-year lease on a Vancouver showroom.

Wes Edens went out citing the declining revenue trend. Brian Scudamore went out despite praising the founders' resourcefulness, questioning scalability. Michele Romanow went out citing past losses in furniture e-commerce. Manjit Minhas advised the founders to reassess their numbers before continuing and went out. Arlene Dickinson went out as well, praising the founders' grit but declining to invest, leaving no deal.

CouchHaus is still operating and sells through its website.