Cinnaholic Net Worth 2023 Update (Before & After Shark Tank)
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 |
| Investor | Robert Herjavec |
| 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
| Company name | Cinnaholic |
| 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 |
| Location | Atlanta, Georgia |
Don’t miss these product from Season 05
Cinnaholic Founders
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.
Key accomplishments
| Year | Accomplishment |
| 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. |
Conclusion
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.
