|SEASON 4 EPISODE 19|
|Pitch||convertible bean bag bed and chair|
|Asked For||$200,000 for 20%|
|Deal||$200,000 for 58%|
What is CordaRoy’s?
Established back in 1998, CordaRoys is a business that manufactures and sells a range of furniture products.
Their original product was a bean bag that converts into a mattress.
The bean bag is still available, alongside high-quality mattresses, pet beds, footstools, hammocks and hammock stands, accessories, PUKs, and nest chairs.
Who owns CordaRoy’s?
The business CordaRoy’s was started by Byron Young. He had no prior experience in creating or manufacturing furniture.
At the time he created the convertible beanbag that began the CordaRoy’s story, Young was working for a liquidation company.
Today, more than twenty years later, Young is still the owner/operator of CordaRoy’s.
The idea for the convertible bean bags was born of necessity – Young had unexpected guests and realized there weren’t enough beds – he saw the potential of his bean bag to act as a more comfortable bed alternative to the sofa, and the convertible beanbag was born!
The bean bag worked brilliantly as a mattress, but to Byron’s surprise, there wasn’t a bean bag/mattress combo on the market.
Having wanted to be his own boss for a while, Byron capitalized on his idea and began to manufacture and sell convertible beanbags through the company that he founded, CordaRoy’s.