Is Cinnaholic a good franchise?

Is Cinnaholic a good franchise?

Cinnaholic was named to Entrepreneur Magazine’s Franchise 500® list in 2019, 2020 and 2021! We appeared on ABC’s Shark Tank and ABC News, and are in countless business, financial and trade publications.

How many Cinnaholic franchises are there?

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. As of February 2020, Cinnaholic operates 53 bakeries across the United States and Canada.

How much does it cost to open a Cinnabon franchise?

The initial franchise fee to open one Cinnabon franchise is $30,000. Additionally, potential Franchise Partners should possess cash liquidity of $120,000 and a net worth of at least $400,000. The current approximate startup cost is about $250,000 (note that startup cost will vary for each individual franchisee).

Who invested in Cinnaholic?

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.

Why is Cinnaholic vegan?

Yes! All of our products are produced on vegan-friendly equipment in a 100% dedicated vegan facility. Our baking sugars are derived from beets, our marshmallows are gelatin-free and our other ingredients are flavored with fruit, spices, and plant-derived oils.

Is Cinnaholic black owned?

It’s a movement that is welcomed by black business owners like Shellana Morris, owner of Cinnaholic in Fort Worth’s Crockett Row off West 7th Street. She, her mother, and a family friend sell gourmet cinnamon rolls — 100% vegan, and any way you want it. It’s a popular sweet spot in the area.

When was Cinnaholic on Shark Tank?

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.

How much do Cinnabon owners make?

(The math: If we are open 11 hours a day, 365 days per year equals 240,900 “selling minutes” divided by one $5 ticket every 3 minutes = 80,300 total tickets – 33,600 “break-even” level tickets = 46,700 net tickets * $5 = $233,500 x 50% profit = $116,750 profit for owner / investor on total revenue of $401,500).

Who bought Cinnaholic on Shark Tank?

What Is Cinnaholic?

What season was Cinnaholic on Shark Tank?

A dairy- and lactose-, egg-, and cholesterol-free vegan cinnamon roll bakery are pitched by Florian and Shannon Radke in Shark Tank episode 525 on May 9th….What Is Cinnaholic?

How do I start a Cinnabon business?

To buy a franchise with Cinnabon, you’ll need to have at least $120,000 in liquid capital and a minimum net worth of $400,000. Franchisees can expect to make a total investment of $142,333 – $365,700.

Did Shark Tank invest in Cinnaholic?

Cinnaholic is a homemade cinnamon roll, delicious frostings, and tasty toppings….What Is Cinnaholic?

Can I franchise Cinnabon?

How much does a Cinnabon make a year?

Average Sales / Revenue per Year Cinnabon’s sales in 2020 were $143 million which was a decline in revenue from their $201 million sales in 2019.