What Happened to FunCakes Rental after Shark Tank Pitch?
What is FunCakes Rental?
FunCakes are false tiered cakes made of styrofoam layers and decorated with real fondant icing to seem like real wedding cakes.
These pre-designed cakes are not only easy to transport to the venue, but they are also a significantly less expensive option for the couple’s wedding.
Who is the Inventor of FunCakes Rentals?
Kimberly Aya, a Grand Rapids baker, had owned a bakery in Europe before returning to Michigan.
Kimberly has dedicated her life to making and designing cakes. She has taught at the SECCHIA Institute of Culinary Education.
She presently co-owns FunCakes with her son in Grand Rapids, which manufactures fake wedding cakes. The objective is to give a less expensive confection option for weddings.
Kimberly first learned about the use of fake cakes while attending a bridal expo in 2007, and it opened her eyes to the possibilities.
At the show, she also discovered the hidden chamber in the styrofoam cakes.
The hole houses one actual cake piece, allowing the bride and groom to cut the counterfeit cake. FunCakes was founded as a result of the event.
Kimberly started by constructing fake cakes for the presentation before presenting the guests with a real sheet cake that was split up and delivered to them. And no one could tell the difference.
What Happened to FunCakes Rental the Shark Tank Pitch?
Kimberly and Koray appeared on Shark Tank Season 6 Episode 4 in quest of $285, 000 in exchange for a 25% share in their business. This equates to a $1.14 million valuation.
Their fictitious creations have been nicknamed the “future of wedding cakes.” They achieved $150,000 in sales the prior year.
Mr. Wonderful refers to them in the wedding industry as a “pimple on an adolescent,” and he despises the valuation.
Lori enquired about the usual cost of a three-tiered cake, and Kimberley said that it would be around $1,200.
Kimberley then proceeded to convince the sharks that her own counterfeit three-tiered cake could be rented for $150.
When Robert Herjavec returned to the numbers, he inquired how much profit had been generated on the previous year’s sales of $150,000.
Korey admitted that the firm made around $75,000 in profit, and that he and Kimberley each received $17,000 in pay.
They announce a collaboration with 200 Jewel Osco grocery stores to sell their cakes, but the Sharks are unimpressed with the numbers.
Lori isn’t a fan of the idea, so she’s out.
Mark came to the conclusion that Kimberley and Korey were not ‘grinders,’ that they were not as committed to the company as he would have anticipated from potential partners, and so he left as well.
Mr. Wonderful regards copycat cakes as “anti-love” and approaches them with “extreme prejudice.”
Without a ‘numbers expert’ on hand, Robert worried that the Fun Cakes company was on weak financial ground and may be on the verge of bankruptcy. As a result of this, he, too, dropped out.
Barbara loves the idea, but she’s shocked they didn’t make more money; she’s also out.
What Happened to FunCakes Rental Following Shark Tank Pitch?
Since the episode aired, Fun Cakes has been selling a three-tiered cake in over 180 Jewel Osco grocery stores in Illinois.
They are also available at SpartanNash shops throughout Michigan. Kimberly anticipates that they will be available in thousands of stores during the next five years.
The company celebrated its tenth anniversary in 2017 and announced that FunCakes are now available on Amazon. There are seven different three-tiered cakes to choose from, each of which costs $199.
In August 2021, they will be celebrating their 14th year in operation, with an annual revenue of $1.1 million.
What is the Net Worth of FunCakes Rental?
Kimberly and Koray went on Shark Tank looking for $285, 000 in exchange for a 25% share in their firm. This equates to a $1.14 million valuation.
Who are Competitors of FunCakes Rental
There are no known competitors for FunCakes Rental.
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FunCakes Rental FAQS
1. What does FunCakes Rental do?
FunCakes are false tiered cakes made of styrofoam layers and decorated with real fondant icing to seem like real wedding cakes.
2. Who is the inventor of FunCakes Rental?
Kimberly Aya, a Grand Rapids baker, had owned a bakery in Europe before returning to Michigan.
3. Who is the inventor of Fake Wedding Cakes?
Kimberly Aya, a Grand Rapids baker, had owned a bakery in Europe before returning to Michigan.
4. How much are FunCakes Rental cakes?
The rental price for the ‘FunCakes’ is $150.
5. Who are competitors of FunCakes Rental?
FunCakes Rental has no known competitors.
6. How much was Kimberly Aya asking in the Shark Tank?
Kimberly Aya was looking to get $285,000 for 25% of her company. That is equivalent to $1,140,000
7. What is the date the FunCakes Rental was invented?
In 2007 – Kimberly Aya attended a bridal expo and not only saw the need for fake wedding cakes but discovered there was a hidden chamber in the styrofoam liners that houses one actual cake piece so she could cut said fake cake without anyone noticing until revealed at the reception.
8. Who invested in FunCakes Rental?
None of the Sharks were unable to invest in FunCakes Rental.
9. Is FunCakes Rental still in business?
Yes FunCakes Rental is still in business as of 2019. Kimberly Aya has stated that she will be opening up a factory in Grand Rapids in 2020.
10. How many people are employed at FunCakes Rental?
Yes, the company celebrated its tenth anniversary in 2017 and announced that FunCakes are now available on Amazon.
There are seven different three-tiered cakes to choose from, each of which costs $199.
In August 2021, they will be celebrating their 14th year in operation, with an annual revenue of $1.1 million.
11. Where can they ship?
Essentially, anywhere. Outside of the United States and Canada, they can only sell owing to customs rules; renting is not an option, at least for the time being.
12. How is the cake shipped?
They transport all of their cakes via FedEx ground since they have proved to take excellent care of their lovely cakes.
If they are in a hurry and the cake requires Express 1, 2, or 3 day delivery to reach by a specified date, they will have to pay for the shipping increase.
They provide FREE ground shipment via FedEx.
13. Where is FunCakes Rental located?
They are based at Grand Rapids, Michigan.
