What Happened to Cinnaholic after Shark Tank?
What exactly is Cinnaholic?
Cinnaholic is made up of a freshly baked cinnamon roll, scrumptious frostings, and delightful toppings. They are egg and dairy free, as well as vegan.
Christina Radke and Florian Radke own and manage Cinnaholic, a bakery in Berkeley, California. The cinnamon roll is comparable to a frozen yogurt business in that it may be customized with any toppings the consumer desires.
Shannon is a former veterinary assistant who started baking to support her vegetarian diet, and Florian is a former punk rock sceneter from Germany.
When Florian was arranging a trip to the California coast in 2008, he met Shannon on Couchsurfer.com. They got along so great that they married and founded Cinnaholic.
Who is the creator of Cinnaholic?
Christina Radke and her husband Florian Radke are the owners and founders of Cinnaholic, a bakery in Berkeley, California. The cinnamon roll is comparable to a frozen yogurt store in that you may top it with any toppings you choose.
Shannon is a former veterinary assistant who began baking to supplement her vegetarian diet, and Florian is a former punk rock sceneter from Germany.
Florian and Shannon met on Couchsurfer.com in 2008 while planning a trip to the California coast. The two fell in love and prepared to marry when they discovered Cinnaholic.
As the concept gathered popularity, they moved from a food truck to a brick and mortar operation in Berkeley, CA. Despite the fact that their whole menu is vegan, everyone appeared to appreciate their rolls.
They’d been so successful in just a few years of great evaluations and company growth that they’re now offering franchises around the country.
They’d already received over 100 serious inquiries. They are most likely searching for a Shark to help them begin franchise operations.
Cinnaholic’s Shark Tank Pitch: What Happened?
Following the completion of the innovation, the couple agreed to propose their business concept to Shark Tank investors.
Florian and Shannon make a $200,000 offer in return for a 20% stake in their company, worth $1 million.
They tell their story and serve their Cinnaholic to the Sharks, who gasp in delight as they taste their samples.
They went on to explain that the rolls are dairy and egg cholesterol free, with 500 less calories than half a conventional roll.
They intend to utilize the Sharks’ funds to open a second business. Their Berkley store, which is about 650 square feet, generated a $260,000 sales volume.
Barbara Corcoran issued a brief statement before quitting the transaction.
Robert Herjavec makes a $200,000 offer for 40% equity in exchange for them not opening another store. Kevin O’Leary offers $200,000 for 20% equity shares with a royalty of $1.20 per unit until he recoups his investment, at which point it lowers to 60 cents per unit in perpetuity.
Florian and Shannon confer before informing Kevin that they do not accept the royalty offer.
They challenge Robert’s offer of $200,000 for 35% equity, but he declines. They finally accept Robert’s $200,000 offer for 40% ownership of the company.
Cinnaholic After Shark Tank: What Happened?
The deal with Robert was never fulfilled beyond the pitch. Cinnaholic sold its first franchise, the Berkeley location, and teamed with the Atlanta Franchise Group to focus only on national expansion.
The first of 25 planned venues will open in Southlake, TX and Ocean City, MD, with more locations planned in Las Vegas, Anaheim, and Dallas. In addition, an Atlanta facility is currently operating, with other locations planned for the Atlanta region.
They will have 56 venues in 2021 and want to open 10 more by the end of the year.
Another 60 franchise locations are in the works, and same-store sales increased by 137 percent on average across all locations. The franchising firm has yearly sales of $1 million.
Cinnaholic’s competitors
The corporation is up against a slew of rivals. Allison’s Gourmet, Nooch, Dessert Gallery, Perfection, Great Sage, Sweet Loren’s, Candle 79, and The Sun are among them.
Cinnaholic’s net worth
During the pitch, the firm was valued at $1 million; after the deal, the company was valued at $500,000; and currently, they have produced a lot of sales, thus the valuation has increased owing to the rise in sales.
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Cinnaholic FAQs
Does Cinnaholic vegan-free?
Yes, the cinnamon rolls are vegan-free.
Does Cinnaholic offer franchise?
Yes, they offer franchise and they can get in touch with them through their website.
Why did Cinnaholic discontinue chocolate?
Cinnaholic doesn’t use any dairy products in its rolls, which is quite different from other cinnamon roll providers. They don’t offer chocolate flavor since it is not possible to add chocolate without adding milk and butter; ingredients that are not part of their recipe.
What do I need to make cinnamon rolls?
They require a pan, a rolling pin, and filling ingredients. This is the basic recipe to prepare Cinnaholic’s cinnamon rolls: cup of milk, tablespoons of a non-dairy milk alternative such as almond or soy milk for vegan dishes. For dairy-free items, use water.
How do I make cinnamon rolls?
Follow this basic recipe for preparing Cinnaholic’s cinnamon rolls: Brown the non-dairy milk in a pan on low heat. Remove from heat and add the cornstarch. Stir to mix. Add the cinnamon and mix well. Combine all dry ingredients and mix again before adding to the non-dairy milk mixture.
Is Cinnaholic good?
The cinnamon rolls are good and it has been appreciated by many people.
What are Cinnaholic’s prices?
Cinnaholic has a price list on its website which is available for everyone to read. The prices vary slightly but the most popular flavors are $4 for a single roll, $9 for an 8-roll pack, $16 for a 24-roll pack, and $28 for 36 rolls. Each of these contains 8 servings after the initial filling is eaten. This ensures that everyone gets to try their favorite flavors.
Is Cinnaholic kosher-free?
Yes, Cinnaholic is kosher-free.
How many flavors are therein Cinnaholic?
There are 12 flavors from which a customer can choose from. Each of these flavors is unique and has a distinct taste that individuals may enjoy.
Cinnamon rolls are an American favorite and have been loved for many years owing to the sweet taste of cinnamon. The popularity of the roll peaked when Cinnaholic was introduced in 2014 by Florian and Shannon Herring. They serve vegan-free cinnamon rolls, which no one appreciated until they created it.
