Florian and Shannon Radke pitch Cinnaholic, their dairy & lactose-free, egg-free and cholesterol-free, 100% vegan cinnamon roll shop in Shark Tank episode 525 on May 9. They hope the Sharks will bite on their business and help them put franchised Cinnaholic shops all over the country.
Shannon is a former veterinary assistant who got into baking for her vegetarian lifestyle. Florian is a former German punk rock scenester. The couple met in 2008 when Florian connected with Shannon on Couchsurfer.com whilst planning a trip to the California coast. The pair hit it off and decided to get married and start Cinnaholic.
They initially ran the business as a food truck and moved into a brick and mortar location in Berkeley, CA after the concept took off. Even though all their goodies are vegan, it seems like everyone loved their rolls. After a few years of rave reviews and business growth, they've been so successful, they are now offering franchises nationwide. They've received over 100 serious inquiries to date. They likely want a Shark to help them roll out franchise operations.
Cinnaholic Shark Tank Recap
Florian and Shannon will pitch the panel of five Sharks on the business and its prospects for growth. They’ll need to convince Mark Cuban, Daymond John, Barbara Corcoran, Robert Herjavec and Kevin O’Leary that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards.” A full pitch re-cap on Cinnaholic will be available on Shark Tank Blog once this episode airs.
Cinnaholic Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Cinnaholic has sold its Berkeley location as the first franchise and teamed up with the Atlanta Franchise Group to fully focus on getting their stores nationwide.
The first of 25 planned locations to open will be in Southlake, TX and Ocean City, MD. Other locations include Las Vegas, Anaheim and Dallas. Additionally,an Atlanta location is open with more stores in the works for the greater Atlanta area.
Posts About Cinnaholic on Shark Tank Blog