What Happened to Blondies Cookies after the Shark Tank Pitch?
What is Blondies Cookies?
Blondie’s Cookies is an Indiana-based bakery that specializes in gourmet cookies, cookie cakes, and brownie bars.
Blondie’s Cookies opened its first store in 1984 and presently has 12 locations in Indiana and Florida. The Florida locations are entirely new and the first outside of Blondie’s Cookies’ “home area” of Indiana, where the brand is well-known.
Blondie Cookies was Founded by Who?
It all began on the campus of Indiana State University in 1984. Brenda Coffman, a business student, began the Cookie Cabin in her Married Student Housing apartment.
Her biggest customers were ISU students and faculty, as well as Rose-Hulman Institute of Technology, where her husband was a student.
Brenda initiated talks with the Simon Property Group, the country’s largest mall developer and owner of the Markland Mall in Kokomo, Indiana, in January 1985 about opening the first retail store.
Blondie’s Cookies became a corporation in Indiana in 1985.
On September 3, 1985, the first store opened in Kokomo, Indiana, and more locations followed in the years that followed.
What Happened to Blondies Cookies on Shark Tank?
Blondie’s Cookies is on Shark Tank looking for a $200,000 investment in exchange for a 3% share in the firm. This works out to a $6.6 million valuation.
Brenda, like any good food entrepreneur, offered samples of Blondie’s Cookies to the Sharks.
They loved the cookies and the fact that Blondie’s had 2.3 million in sales the previous year.
Blondie’s Cookies owed roughly $800,000 in loans, the majority of which were utilized to expand retail outlets into Florida, which irked the Sharks.
Unfortunately, despite the fact that they were still relatively young, the Florida firms were losing money at the time of the first broadcast.
This was ascribed to their “newness,” since they had not yet secured the corporate clientele that the Indiana outlets had.
Kevin O’Leary disagrees with Brenda’s worth, so he leaves immediately away. Robert Herjavec likes the logo, but thinks Brenda should return to Blondie’s roots and concentrate on the Indiana sites; he’s out.
Cuban reminds her that, despite having excellent cookies, she has done something really bad for her business by expanding, making it difficult for an investor to get their money back because everything depends on how well the stores in Florida perform, therefore he’s out.
Brenda, according to Barbara Corcoran, needs to know when to quit: she doesn’t like the thought of the Florida businesses losing money, so she’s out.
Yes, the flavour of her cookies drew John in, and her upbeat demeanour made him ready to work out a contract, but Blondie’s Cookies lost its allure when she started talking about her debt and overestimated the overall worth of her company. As a result, he is unable to help her.
Coffman must leave Shark Tank without making any investments.
What Happened to Blondie Cookies Following the Shark Tank Pitch?
One or more of Blondie’s Cookies the Florida businesses shuttered after the first show date, but the others are still operational, and the Shark Tank publicity has boosted sales. In the spring of 2013, a trip to the Sarasota store is planned.
Blondie’s closed all of its Florida operations. The seven original Indiana companies are still open as of July 2021, and customers may shop online. The company’s annual revenue is between $9 and $10 million.
What is the Blondies Cookies’ Net Worth?
Coffman was asking $200k for a 3 percent stake in the cookie company, which was valued at more than $6.6 million.
Who are the Competitors of Blondies Cookies?
Blondies Cookies has no known competitors.
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Blondies Cookies FAQS
1. What is Blondies Cookies’s official website?
The official website of Blondie’s Cookies is www.blondiescookies.com
2. Who founded Blondies Cookies?
Blondies Cookies was founded by Brenda Coffman in 1984.
3. What is Blondies Cookies’s annual revenue?
The company’s annual revenue is between $9 and $10 million.
4. Who is Blondies Cookies’s CEO?
Brenda Coffman is the CEO of Blondie’s Cookies.
5. How much was Brenda Coffman seeking in the Tank?
She was seeking $200,000 for a 3% stake in Blondie’s Cookies, which was valued at more than $6.6 million.
6. What is Blondies Cookies’s current status?
Blondie’s closed all of its Florida operations. The seven original Indiana companies are still open as of July 2021, and customers may shop online.
7. Who invested in Blondies Cookies?
No one invested in Blondie’s Cookies on Shark Tank.
8. What happened to Blondies Cookies after the Shark Tank?
One or more of Blondies Cookies the Florida businesses shuttered after the first show date, but the others are still operational, and the Shark Tank publicity has boosted sales. In the spring of 2013, a trip to the Sarasota store is planned.
9. Is Blondie’s Cookies still in business?
Yes, the seven original Indiana companies are still open as of July 2021, and customers may shop online. The company’s annual revenue is between $9 and $10 million.
10. How can they contact Blondies Cookies?
They can email them at [email protected]
11. When was Blondies Cookies aired on Shark Tank?
Blondie’s Cookies was aired on April 13th, 2012.
12. How Brenda Coffman did came up with the idea?
It all began on the campus of Indiana State University in 1984. Brenda Coffman, a business student, began the Cookie Cabin in her Married Student Housing apartment.
Her biggest customers were ISU students and faculty, as well as Rose-Hulman Institute of Technology, where her husband was a student.
13. Is it necessary to refrigerate blondies?
Unless they contain a cream cheese icing, blondie bars or other cookie bars do not need to be refrigerated.
These Blondies may be kept in an airtight jar at room temperature for approximately a week.
14. Where are they located?
Regional chain with 7 retail locations in Indiana (Bloomington, Glenbrook Mall, Honey Creek, Keystone Fashion Mall, Kokomo, Muncie Mall and South Bend.)
Their cookies may be stored for up to a week in an airtight container or for up to 2-3 days in the box they arrive in.
