$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Thomas Shin, Shawn Maghami from Toronto, ON, pitched The Fone Guys in Season 13, Episode 12, asking the Dragons for $50K for 10% of the company.
- Asked for$50K for 10%
- Valuation$500Kimplied by the ask
- OutcomeDealwith Jim Treliving and Michele Romanow
- Final deal$50K for 25%valued at $200K
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Arlene Dickinson | No offer made; supportive but did not invest | Out |
| Manjit Minhas | No offer made | Out |
| Jim Treliving and Michele Romanow | $50,000 for 30%, later reduced to 25% | Accepted |
| Lane Merrifield | No offer made | Out |
| Vincenzo Guzzo | No offer made | Out |
Thomas Shin, a 17-year-old high school student from Toronto, Ontario, pitched The Fone Guys, a mobile device repair service that comes to customers, asking for $50,000 for 10%. A typical repair takes 20 minutes to an hour and costs about $175, a premium over the $79 to $99 charged at walk-in shops. The company has one franchise owner, Shawn Maghami, who paid a $25,000 franchise fee and pays a 5% royalty, making about $20,000 a month with about $12,000 in expenses.
Arlene Dickinson, Manjit Minhas, Lane Merrifield, and Vincenzo Guzzo did not make offers. Jim Treliving and Michele Romanow jointly offered $50,000 for 30%, which Thomas Shin pushed back on, and they settled on $50,000 for 25%, which he accepted.
Pitch details from CBC’s Dragons’ Den pitch page.
The Fone Guys today
- StatusIn businessLast checked September 2026
The Fone Guys is still operating and sells through its website.