Cinnaholic,a vegan cinnamon roll and dessert shop, was started by Florian Radke and Shannon Radke in July 2010. As of October 2023, Cinnaholic net worth is $200 million and they’re pulling in a whopping $20 million in annual revenue.
In May 2014, they appeared on season 5 of Shark Tank USA and made a deal with Robert Herjavec, for $200,000 for 40% of equity. The final valuation was $500,000, down from the founder’s initial estimate of $1 million.
Cinnaholic is still in business. The company has over 70 locations across the United States and Canada, and it continues to grow in popularity. Cinnaholic is known for its made-to-order cinnamon rolls, which are topped with a variety of frostings and toppings. The company also offers a variety of other desserts, such as brownies, cookies, and cinnamon roll cakes. To buy their unique and delicious food products, visit their official website.
Cinnaholic Net Worth
|Net worth||$200 million (2023)|
|Annual Sales Revenue||$20 million (2023)|
|Profits||Not publicly available|
|Lifetime sales||Not publicly available|
|Founder||Florian Radke and Shannon Radke|
|Employees||Not publicly available|
Cinnaholic Net Worth Timeline
|Net Worth 2023||$200 million|
|Net Worth 2022||$200 million|
|Net worth valuation 2014 after appearing on Shark Tank||$500,000|
|Net worth valuation 2014 before appearing on Shark Tank||$1 million|
Cinnaholic Pitch on Shark Tank
|Product||Vegan cinnamon roll and dessert shop|
|Episode||Season 05 Episode 28|
|Founders||Florian Radke and Shannon Radke|
|Asked for||$200,000 for 20% Equity|
|Final deal||$200,000 for 40% Equity|
|Shark / Sharks||Robert Herjavec|
Don’t miss these product from Season 05
Cinnaholic was founded by Florian Radke and Shannon Radke in 2010. Shannon Radke is a graduate of the University of California, Berkeley. She has a background in marketing and design. Florian Radke is a chef who has worked in a number of restaurants in the San Francisco Bay Area.
The Radkes opened their first Cinnaholic bakery in Berkeley, California. The bakery was a success from the start, and it quickly became a popular destination for both locals and tourists alike. Cinnaholic’s founders, Florian Radke and Shannon Radke, have a net worth of $22 million as of 2023.
|2014||Appeared on Shark Tank season 05 and Robert Herjavec invested $200,000 for 40% Equity|
|2015||Cinnaholic begins franchising its bakeries|
|2020||Cinnaholic launches its catering service.|
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Cinnaholic and its continued success.