Cinnaholic, a gourmet vegan bakery, is set to open 20 new locations across the country this year.
The brand that sparked a nationwide love affair with gourmet cinnamon rolls on ABC’s hit show, Shark Tank experienced a successful 2020. Cinnaholic signed agreements for new franchise locations across 20 new markets including Ann Arbor, Portland, Philadelphia, New Jersey and Phoenix.
Since June of 2020, the brand has also opened locations in new markets including Raleigh, North Carolina; Chicago; San Antonio; Baltimore, Maryland; Birmingham, Alabama; Tulsa, Oklahoma; Little Rock, Arkansas and Tyler, Texas. As Cinnaholic sets its sights on continued growth in 2021, it seeks out qualified single-unit and multi-unit investors with the goal of expanding to Austin, New York City, Boston, Miami, Orlando, Tampa and Nashville.
“Our franchise model has proven successful time and time again. Amid the pandemic, our existing franchisees were able to continue operations without temporarily closing their doors,” says Spencer Reid, president of Cinnaholic. “We’ve closed an extremely successful year in terms of franchise sales and are excited to continue the momentum as we look to excel growth in 2021.”
Last year, Cinnaholic phased in a new, technology-advanced online pick-up and third-party delivery ordering platform. The impact of the online ordering system was felt immediately, further emphasizing Cinnaholic as a brand with incredible staying power. Notably, Cinnaholic closed out 2020 with an overall system growth of 29%.
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. This year, Cinnaholic is set to launch new and exciting menu offerings including chocolate covered strawberries and Valentine’s Day gift sets, King Cakes for Mardi Gras, chocolate chip banana bread, cookie cakes and Take & Bake cookie dough, all while staying on brand and being 100% vegan.
The brand also provides 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.