Cinnaholic, the brand that sparked a nationwide love affair with gourmet cinnamon rolls on ABC’s hit show, Shark Tank, is accelerating its expansion plans and is set to open 20 new locations across the country this year and another 80 locations by 2025.
With 54 locations open and 60 in development, Cinnaholic has earned a loyal fan following, setting itself apart as a “better-for-you” option exclusively using plant-based ingredients without sacrificing taste. The brand has set its sights on targeted franchise growth, zeroing in on key markets throughout the United States including Indianapolis, Dallas, Houston, Chicago, Austin, Tampa, Orlando, and Nashville.
“Our franchise model has proven successful time and time again and we are excited to continue the momentum as we look to excel growth,” says Spencer Reid, president of Cinnaholic. “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.”
Cinnaholic has set itself apart as a “better-for-you” option exclusively using plant-based ingredients without sacrificing taste. Its variety of frosting and topping options make each customer experience truly unique, appealing to sweet-toothed dessert lovers across North America. The brand also provides online pick-up and third-party delivery, catering services, serving sweet treats for events large and small from birthday or office parties to baby showers and weddings. Customers can expect nothing less than the highest quality ingredients, as the plant-based, vegan bakery franchise was founded upon a commitment that all ingredients must be animal-free and free of dairy, lactose, eggs and cholesterol.
In addition to low startup costs and manageable operations, franchise owners are provided extensive corporate training as well as real estate, construction, operations, marketing and grand opening support, making for a truly sweet franchise opportunity. This high performing business model has made Cinnaholic a highly sought-after franchise brand.
The flexible business model works well in upscale lifestyle centers, major city centers and near college campuses. A notable contributor to franchisees’ success is the relatively low cost of owning and operating a Cinnaholic location, specifically the small footprint (around 1,000 square feet) and low food and labor costs.
As the brand continues to expand into key markets, Cinnaholic is actively seeking qualified single-unit and multi-unit owners looking to invest in an exciting brand with major staying power. Ideal franchisees should have business or operations experience and a passion for the food industry. Franchisees must have a minimum net worth of $500,000 and meet the minimum liquid assets requirement of $200,000.