This shark tank dairy- and lactose-, egg-, and cholesterol-free vegan cinnamon roll bakery is introduced by Florian and Shannon Radke on May 9 in Shark Tank episode 525. And joining sharktank is the way to success.
If successful in this task, they will be able to open franchise Cinnaholic stores across the country. Shannon was a veterinary assistant but showed interest in vegetarianism and started cooking. The same Florian was a punk rock scenester in Germany.
Then in 2008, Florian and Shannon began dating, and when Florian researched his trip to the California coast, he used the Couchsurfer.com website to discover it. Then the two fell in love and decided to get married and together they decided to start their own business called Cinnaholic.
He opened a food supply store such as a brick-and-mortar store in Berkeley, Calif. Despite being a vegetarian, everyone started enjoying their roles. And this has brought so much positive pressure to his company and increased revenue that he has now offered franchises.
If you are also searching for a Cinnaholic shark tank update you will find everything on this post. Here along with the shark tank summary, all its details have been shared with you.
Shark Tank Cinnaholic Summary Update
- Company: Cinnaholic
- Owners /Founder: Shannon and Florian Radke
- Product: Gourmet vegan cinnamon rolls
- Asking Price: $200,000 for 20% equity
- Final Deal: $200,000 for 40% equity
- Sharks Who Took the Bait: Robert Herjavec
- Season/Episode: Season 5, Episode 28
What is Cinnaholic?
Cinnaholic is a bakery that makes and sells cinnamon rolls, delicious frostings and delicious toppings, which are unique in their dessert flavours and in their styles and pure vegetarian.
Christina Radke and Florian Radke own and operate Cinnaholic, a bakery in Berkeley, California. Cinnaholic is a range of homemade cinnamon rolls, delicious frostings and delicious toppings, they do business of making dairy-free, egg-free, and 100% vegetarian products.
Who is the founder of Cinnaholic?
Christina Radke and Florian Radke are the founders and owners of Cinnaholic. It is located in Berkeley, California. They make their products completely vegetarian, which is vegan cinnamon free of dairy, lactose and eggs.
What’s on Cinnaholic Before Shark Tank?
Now back to the Cinnaholic before Shark Tank, Shannon Radke and Florian Radke combined their talents and came up with a cute idea where vegan cinnamon is free of dairy, lactose and eggs.
Florian and Shannon’s background in branding and marketing make for a perfect partnership. Cinnaholic was started by Florian and Shannon Radke, a husband and wife team. Which offers many mouthwatering desserts, such as Almond-Raspberry Pie, Banana Cream Pie, Strawberries Soaked in Cream, etc.
A 20% stake in his company is worth $200,000 to him, and that’s why he came to Shark Tank hoping to get it.
Florian draws on his marketing skills, while Shannon relies on baking to create the world’s best cinnamon rolls. And Cinnaholic is focused on Custom Gourmet Cinnamon Rolls. It all starts with a freshly baked cinnamon roll, but customers will be able to customize their order by choosing from 30 different frostings and different toppings.
What Happened to Cinnaholic after Shark Tank?
After this pitch, the contract with Robert was never fulfilled, and Sinaholic then sold his first franchise, the Berkeley store. and partnered with the Atlanta Franchise Group to focus on expanding its restaurant business nationwide.
It will open with locations at 25 planned facilities, the first of which includes locations in Southlake, TX and Ocean City, MD, Las Vegas, Anaheim and Dallas, among others. In addition, an Atlanta site is already open, with plans for more locations for the wider Atlanta area.
They have 56 sites in 2021. And plans to launch 10 more before the end of the year. Simultaneously, work is underway at 60 other franchise locations, with an average 137 per cent increase in same-store sales across all locations. and these Franchising companies generate up to about $1 million in annual sales.
Cinnaholic Shark Tank competitors
There are definitely most competitors in all business. And similarly, Cinnaholic’s competitors are as follows, including Perfection, Great Sage Sweet Loren’s Candle 79, Allison’s Gourmet, Nooch, Dessert Gallery, The Sun etc.