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Cinnaholic Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-Worth-2023-UpdateS5E28Cinnaholic

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)
ProfitsNot publicly available
Lifetime salesNot publicly available
InvestorRobert Herjavec
FounderFlorian Radke and Shannon Radke
EmployeesNot 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 nameCinnaholic
ProductVegan cinnamon roll and dessert shop
EpisodeSeason 05 Episode 28
Founders Florian Radke and Shannon Radke
Asked for$200,000 for 20% Equity
Final deal$200,000 for 40% Equity 
Shark / SharksRobert Herjavec
LocationAtlanta, ‎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

YearAccomplishment
2014Appeared on Shark Tank season 05 and Robert Herjavec invested $200,000 for 40% Equity 
2015Cinnaholic begins franchising its bakeries
2020Cinnaholic 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.

What do you think?

Written by GAG Team

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