Did Cinnaholic get a deal on Shark Tank?

When Cinnaholic founders Shannon and Florian Radke pitched their vegan cinnamon roll concept on ABC’s reality series “Shark Tank,” they wowed investor Robert Herjavec. He offered the two a deal—$200,000 in exchange for 40 percent equity.

Who bought Cinnaholic on Shark Tank?

What happened with the deal on “Shark Tank” with Robert Herjavec? As many people saw on television, we accepted a deal from Robert Herjavec that was intended to be focused on shipping nationwide.

Is Cinnaholic a Canadian?

FAQS — Cinnaholic Canada Bakery | Cinnamon Roll Dessert Shop.

What is Cinnaholic frosting made of?

Frosting: palm fruit, soybean, safflower, canola and olive oils, salt, sunflower lecithin, soy lecithin, artificial and natural flavors, potassium sorbate, pea protein, calcium disodium, beta carotene, monoglycerides of vegetable fatty acids (emulsifier), lactic acid (non-dairy, derived from sugar beets) annatto …

How much does Cinnaholic cost?

Cinnaholic is not a typical cinnamon roll shop, they are not just 100% vegan they also offer a variety of flavors made with high quality ingredients, which are all dairy, lactose, egg and cholesterol free….Cinnaholic Franchise cost ranges from $187,000 to $368,500 according to the 2020FDD.

Royalty	Ad-Fund
5%	2%

Is Cinnaholic successful?

“Last year was extremely successful year in terms of franchise development and systemwide gross sales growth overall by of 29%, further emphasizing Cinnaholic as a brand with incredible staying power.”

What is Cinnaholic worth?

Robert notes that the team valued Cinnaholic at $1 million, but can only $45,000 in profit to an investor – which means they’re asking 22 times their pre-tax profit. “For a cinnamon roll store,” he adds at the end, just to be mean.

Why is Cinnaholic logo a bird?

The swallow featured in the Cinnaholic logo is derived from the traditional sailor tattoo. It symbolizes experience, team value & family. After long, treacherous trips, swallows would be the first birds that sailors would see when returning safely to their safe harbor.

How much do you get paid at Cinnaholic?

How much does Cinnaholic pay an hour? The average Cinnaholic hourly pay ranges from approximately $17 per hour for a Team Member to $17 per hour for a Team Member. Cinnaholic employees rate the overall compensation and benefits package 2.9/5 stars.

Is Cinnaholic a chain?

Cinnaholic is an American cinnamon roll bakery franchise founded in 2010 in Berkeley, California. The company is known for its made-to-order, gourmet vegan cinnamon rolls and other sweet treats….Cinnaholic.

Type	Privately held company
Website	www.cinnaholic.com

How much is a Cinnaholic franchise?

Currently our initial franchise fee is $39,000, our on-going royalties are 5%, and our marketing royalties are 2%. How much does a typical Cinnaholic store cost to open? The average estimated buildout cost for a Cinnaholic franchise cost is $187,000 – $368,500, which includes the franchise fee.

Is everything at Cinnaholic vegan?

At Cinnaholic, we believe everyone has the power to make a positive change in the world—for our people, the animals and the planet. All our products are made with the highest quality ingredients, and are 100% vegan, dairy & lactose-free, egg-free and cholesterol-free.