What Are Kodiak Cakes?
Kodiak Cakes are flapjack and waffle mix, providing a nutritious alternative to America’s favorite breakfast treat. Kodiak Cakes launched its first product line with natural, whole-grain pancakes, flapjack, and waffle mixes.
There are a variety of flavors of high-protein mixtures available, including buttermilk, dark chocolate, and crunchy peanut butter, among others. Kodiak Cakes are created with 100 percent whole grains and include no added fats, sweets, or cholesterol. You only need to add water to make them in under an hour.
You can be sure they got it right the first time since they have been selling pancake mixes since they were little boys. In addition, Kodiak Cakes has a line of high-quality syrups that can be ordered separately. You can purchase these mixes by visiting Target stores or ordering them online. They are based on a family recipe.
|Company Name||Kodiak Cakes|
|Entrepreneur||Joel Clark and Cameron Smith|
|Product / Business||A pancake, flapjack, and waffle mix made from whole grains and high in protein|
|Investment Asking For||$500,000 for 10% equity in Kodiak Cakes|
|Final Deal||No Deal|
|Episode||Season 5, Episode 22|
|Business Status||In Business|
Who Is The Founder Of Kodiak Cakes?
Kodiak Cakes was founded by Joel Clark, also the company’s CEO. In his previous life, he studied Economics at the University of Utah, where he received his Bachelor of Arts. He then attended Oxford University in England to earn his MBA.
The company was started in 1982 by Joel’s mother to sell dry ingredients in paper bags. Since he was eight, the 8-year-old Joel sold the bags around the neighborhood.
Kodiak Cakes officially became a business in 1994, 12 years after Kodiak Cakes first opened its doors. The customer base of Kodiak Cakes is very large. You can purchase them on Amazon as well as at certain Wal-Mart stores.
You can also purchase them from Safeway, Albertsons, Fresh Market, and other well-known stores. They plan to introduce their Power Cakes at Target stores in June.
They recognized that making nutritious, non-GMO food would be a welcome change from what was currently available on the market and set out to do so. Their distribution network was steadily extended after they began selling their mix in ski resorts.
The company was then sold to another company, and Joel resigned from his consulting job in 2004 to devote his time solely to Kodiak Cakes. The blend was first made available on the market in 2012.
Kodiak Cakes Before Shark Tank
Kodiak Cakes is a brand of pancake and waffle mix originating in 1982. The company sells specific items, including oatmeal, frozen waffles, pancakes, protein bars, brownies, and food syrups.
The Kodiak Cakes are exceptionally nutritious because they are made from 100 percent whole-grain wheat flour, 100 percent whole-grain oat flour, sugar cane, pea protein concentrate, and brown rice protein concentrate.
Kodiak Cakes also offer fruit-flavored syrup in addition to their baked goods. Cameron Smith and Joel Clark founded Kodiak Cakes in 2010. An old-fashioned red wagon and a family recipe gave rise to this product.
Several recipes for making wholesome and nutritious pancakes had been passed down to Penny by her father, and Joel’s family well enjoyed these pancakes. Joel received a few pancake samples with the recipe printed on the back when he was eight.
Upon returning, Joel had an empty bag, showing that all the packets had been sold. Joel gradually made his way into the business from there, and he eventually partnered up with Cameron Smith.
They both worked hard to establish Kodiak Cakes as a well-known brand of pancakes and other nutritious foods.
How Was The Shark Tank Pitch Of Kodiak Cakes?
Joel and Cameron appeared on Shark Tank seeking an investment of $500,000 in exchange for a 10% equity in Kodak Cakes on episode 522.
The founders of Kodiak Cakes walked away without a deal from Shark Tank since they believed the valuations were too low.
Final Deal: No deal between Kodiak Cakes and Sharks.
What Happened To Kodiak Cakes After Shark Tank?
Kodiak Cakes has experienced a boom in popularity since Joel and Cameron appeared on Shark Tank. The Kodiak Cakes brand not only has a variety of new products, from oatmeal to ice cream but can now also be found in several media outlets across the country.
The Kodiak Cake is an official food of Weight Watchers, Diabetic Living, and Shape Magazine.
The company has evolved from its beginnings as a pancake-and-syrup company to include various products, including cookie mixes, barbecue sauces, muffins, and dessert mixes.
You can find Kodiak Cakes at HEB, Meijer, Target, Wal-Mart, and Marsh. You can also find them online. You can find out if Kodiak Cakes products are available for purchase in your area by checking out their website.
Kodiak Cakes Shark Tank Update
Kodiak Cakes’ popularity skyrocketed after Joel and Cameron’s appearance on Shark Tank.
Kodiak Cakes generated $16 million in revenue in 2016. Kodiak Cakes will have grown to a $200 million firm by 2020 with more than 26,000 locations.
L Catterton, a private equity firm, purchased Kodiak Cakes for an undisclosed sum. The company still employs both Cameron and Joel as of 2022.
Is Kodiak Cakes Still In Business?
The profitability of companies that do not receive a deal on Shark Tank is often significantly higher. Kodiak Cakes is no exception to this rule. The revenue of the Kodiak Cakes significantly increased after they appeared on the show.
If you want to see how the company is doing today, find it in the pancake aisle of your local supermarket. Every time you look around, you will almost certainly see Kodiak Cakes. It appears that all they required was a little publicity.
The high quality of the goods will encourage people to purchase more of the products when they run out. Unlike similar products, this product adds protein to give it an edge over its competitors.
Joel and Cameron have done a fantastic job creating a fantastic product. The company has enjoyed continued growth since the show ended. Naturally, things have reached a certain level of stability, but they are now worth several times more than when they first came on the show.
The product is accessible in the majority of supermarkets around the country. A Private Equity Group purchased Kodiak Cakes for an undisclosed sum in the year 2021, and according to the company’s records, Joel and Cameron are still employed by the company today.
The team of Kodiak Cakes set an initial goal of $260,000 and was expected to generate $1 million in sales upon completion.
What Is the Net Worth of Kodiak Cakes?
The valuation of Kodiak Cakes was $5 Million when it appeared on Shark Tank. The net worth of Kodiak Cakes is about $10 Million as of 2022.