Stevie Go-Go

Steve Devlin, from Sarnia, Ontario, pitched Stevie Go Go, an all-electric six-passenger tuk-tuk shuttle service operating in Sarnia and Point Edward, asking for $100,000 for 49% of the company. Rides cost $5 per person on a hop-on, hop-off basis, with private tours also available at an hourly rate; each tuk-tuk cost about $2,500 to purchase but roughly $35,000 once shipped and made roadworthy for Canada. With three vehicles running for two and a half months last year, the business generated $25,000 in revenue plus $12,000 per tuk-tuk in advertising revenue annually. Steve Devlin's plan is to franchise the concept across small and medium-sized Canadian cities, with a proposed franchise fee of about $99,000.

Arlene Dickinson wanted to join in but deferred when Brian Scudamore said he preferred to do the deal alone. Michele Romanow, Manjit Minhas, and Wes Edens did not make offers. Brian Scudamore offered $100,000 for 50% of the company, drawing on his experience building 1-800-GOT-JUNK into a franchise system, and Steve Devlin accepted the deal.

Stevie Go-Go appears to have closed. Its products may no longer be available.