Crispy Cones Shark Tank Net Worth

Crispy Cones is an innovative food concept that made an appearance on Shark Tank, the popular television show where entrepreneurs pitch their business ideas to a panel of investors.

Crispy Cones offers a unique twist on traditional handheld foods by serving a variety of fillings inside a crispy, cone-shaped edible container. The product is designed to be easy to eat on the go without the mess typically associated with fast food.

The cones are made from a proprietary dough recipe that is cooked to achieve the perfect balance of crunch and flavor, ensuring it holds the fillings effectively without becoming soggy.

The fillings range from savory options like chicken, beef, and vegetables to sweet choices such as fruit and cream. The versatility of the fillings makes Crispy Cones an appealing option for any meal or snack time.

Crispy Cones’ design allows for a portable and cleaner eating experience, which is a significant advantage for consumers who are often on the move. Additionally, the novelty of the cone-shaped food is an attractive factor for customers looking for a unique eating experience.

Crispy Cones stands out in the fast-food market by offering a product that is not only delicious and convenient but also has a fun factor. Its appearance on Shark Tank helped boost its visibility and attract investment to scale the business.

Crispy Cones is a great alternative to traditional fast food for consumers looking for a tasty, mess-free option.

Company NameCrispy Cones
FounderJeremy Carlson and Kaitlyn Carlson
ProductSoft-serve ice cream franchise
Investment Seeking$200,000 for 10% equity
Final Deal Accepted$200,000 for 20% equity (Investment from Barbara Corcoran)
Shark NameBarbara Corcoran
EpisodeSeason 14, Episode 17
Business StatusIn Business
WebsiteVisit Website
Net Worth$1 million (current estimated worth)

What Is Crispy Cones?

Crispy Cones is a dessert franchise that specializes in an innovative twist on the traditional ice cream cone. Their signature creation is a freshly baked, rotisserie-style grilled dough cone coated with cinnamon and sugar.

These cones are filled with a variety of options, such as gourmet soft-serve ice cream, hazelnut chocolate, and cookie butter.

Crispy Cones Shark Tank Net Worth

Crispy Cones is a sweet treat famous in European countries, including the Czech Republic. It consists of a fresh dough cone, grilled rotisserie-style and covered with cinnamon + sugar or a specialty powder.

The cone is filled with the customer’s choice of spread, gourmet soft-serve ice cream, fruit, and a variety of delicious toppings. Crispy Cones is known for revolutionizing the soft serve cone.

Customers can further customize their cones with a wide selection of spreads, toppings, and sauces. Crispy Cones started as a humble roadside stand in Rexburg, Idaho, and has expanded to multiple locations, offering a unique dessert experience.

Who Is The Founder Of Crispy Cones?

The founders of Crispy Cones are Jeremy Carlson and Kaitlyn Carlson. This entrepreneurial duo has embarked on a journey to introduce the United States to a Czech-inspired dessert concept.

Jeremy Carlson, driven by a craving for a unique treat he had yet to find in the US, spearheaded the dessert revolution that became Crispy Cones.

Together, Jeremy and Kaitlyn Carlson have committed themselves to using high-quality, natural ingredients in their dessert shop, which offers a customizable and interactive experience for their customers.

The idea for Crispy Cones originated from Jeremy Carlson’s desire for an ice cream treat encased in pastry dough—a concept he hadn’t seen in the US.

His craving led to the creation of Crispy Cones, a dessert shop that serves fresh dough cones grilled rotisserie-style, a novel approach in the US market.

The Carlsons’ mission was to bring this delightful European treat stateside, and they did so by opening their first shop in Rexburg, Idaho, followed by another in Logan, Utah.

Before appearing on Shark Tank, Crispy Cones had already established a strong local following due to its unique offering and weekly introduction of new flavors.

The shop’s open kitchen concept and commitment to natural ingredients resonated with customers, creating a loyal base that appreciated the fresh, customizable dessert experience.

The pastry dough cones, a rarity in the US, along with a variety of spreads, toppings, and soft-serve ice cream flavors, positioned Crispy Cones as a must-visit destination for dessert enthusiasts.

With the Carlsons at the helm, Crispy Cones successfully carved out a niche in the dessert industry, setting the stage for their appearance on Shark Tank on March 17, 2023, during Season 14, Episode 17.

The brand’s website, thecrispycones.com, serves as a platform for its growing business, inviting customers to learn more about its offerings and locations.

How Was The Shark Tank Pitch Of Crispy Cones?

Jeremy Carlson and Kaitlyn Carlson appeared on Shark Tank Season 14 to present their unique ice cream cones, branded as Crispy Cones. They were seeking an investment of $200,000 in exchange for a 10% stake in Crispy Cones.

These cones are described as donut-like, grilled to perfection on a rotisserie, and then topped before being filled with soft-serve ice cream.

Crispy Cones Shark Tank Net Worth

The founders started the business by the side of the road, with sales of $20,000 in its first year (2018), increasing to $70,000 in 2019 and $80,000 in 2020. By 2021, they reached $200,000 in sales and over $500,000 in 2022.

With two locations in Idaho and Utah, the business was looking to expand further through franchising.

The Sharks showed initial interest due to the product’s great margins and consistent sales growth. However, some Sharks disagreed with the founders’ vision for expansion through franchising and decided to drop out. In the end, only Barbara Corcoran remained interested.

Barbara Corcoran offered $200,000 for 20% equity. Despite several counteroffers from the founders, Jeremy and Kaitlyn ultimately accepted Barbara’s terms.

Shark’s NameInvestment OfferedCounter Offer by FoundersFinal Deal Accepted
Barbara Corcoran$200,000 for 20%Attempted Counteroffers$200,000 for 20%

The pitch of Crispy Cones on Shark Tank was a success, with the founders securing a deal with Barbara Corcoran. They presented a compelling business with significant sales growth and a clear plan for expansion.

Despite some initial resistance from the Sharks regarding their franchising strategy, the Carlsons were able to strike a deal that would aid in growing their brand.

Did Crispy Cones Get a Deal on Shark Tank?

Yes, Crispy Cones secured a deal on Shark Tank. The founders, Jeremy and Kaitlyn Carlson, pitched their soft-serve ice cream franchise business to the Sharks and asked for $200,000 in exchange for 10% equity, valuing the company at $2 million.

After negotiations, Barbara Corcoran agreed to invest $200,000 for a 20% stake in the company, effectively valuing Crispy Cones at $1 million. The episode featuring Crispy Cones aired on March 17, 2023, during Season 14, Episode 17 of the show.

Also read, Autio Shark Tank Update | Autio Net Worth

What Happened To Crispy Cones After Shark Tank?

After their appearance on Shark Tank in March 2023, Crispy Cones, the company known for its unique soft-serve ice cream in rotisserie-grilled dough cones, experienced a significant upswing in business success.

The founders, Jeremy and Kaitlyn Carlson, secured a deal with Barbara Corcoran, where she invested $200,000 for a 20% equity stake, propelling the company’s growth.

The Shark Tank effect led to a surge in sales for Crispy Cones, as the show’s wide audience provided invaluable exposure. The deal with Barbara Corcoran brought in not only financial investment but also mentorship and strategic guidance, which helped scale the business.

Crispy Cones Shark Tank Net Worth

Post Shark Tank, Crispy Cones expanded its operations by opening new storefronts and diversifying its product range. The company’s valuation soared, with a net worth estimated at $2 million, reflecting the successful integration of the Shark Tank investment and the business acumen of the founders combined with Barbara’s mentorship.

Crispy Cones strengthened its online presence, effectively using social media platforms to engage with customers and promote its products, further enhancing its brand visibility.

With a solid foundation and a clear vision for the future, Crispy Cones aims to become a leader in the ice cream industry. The support from Shark Tank and the ongoing efforts to innovate and provide unique culinary experiences continue to set the business on a trajectory for sustained growth and success.

Crispy Cones leveraged its Shark Tank appearance to catapult its business to new heights with increased sales, expansion, and a fortified online presence, setting the stage for a promising future in the dessert market.

Also read, Chubby Buttons Shark Tank Net Worth

Crispy Cones Shark Tank Update

After appearing on “Shark Tank,” Crispý Cones successfully secured a $200,000 investment from Barbara Corcoran for 20% equity in the company. Post-show, Jeremy and Kaitlyn Carlson, founders of Crispý Cones, continued their partnership with Corcoran, as reported by Rexburg Standard Journal.

The business, which offers a European-inspired treat known as Crispý Cones or trdelník, has expanded, with a second location opened in Logan, Utah, and more franchises planned in Chandler, Arizona, and Provo, Utah.

The visibility from Shark Tank and Corcoran’s investment has spurred franchise growth, validating Carlson’s business model and helping them bring this Czech delicacy to a broader American audience.

Crispy Cones Shark Tank Net Worth

Crispy Cones’ Shark Tank exposure also led to increased brand awareness, spurring interest from potential franchisees and customers alike. This visibility helped to drive up sales and opened up new opportunities for partnerships and locations.

As the company capitalized on its Shark Tank momentum, it continued to innovate by offering new flavors and toppings, catering to customer preferences and staying competitive in the dessert market.

The net worth of Crispy Cones, post-Shark Tank, is estimated at $2 million, reflecting its growth and potential within the industry.

Crispý Cones is still in business and continues to serve its gourmet soft-serve ice cream from its base in Rexburg, Idaho, with plans to expand further within the United States.

Also read, Tngnt Ski Bikes Shark Tank Net Worth

What Is the Net Worth Of Crispy Cones?

According to our research, Crispy Cones’ net worth is estimated to be $2 million. The valuation of Crispy Cones was $1 million after securing an investment from Barbara Corcoran on season 14 of Shark Tank.

5/5 - (5 votes)
2 Shares: