TL;DR
Cinnaholic has signed 16 new franchise agreements since January 2021 and opened five new locations in two brand new markets. The brand has seen a 137% increase in year-over-year same store sales.
The brand that sparked a nationwide love affair with gourmet plant-based cinnamon rolls on ABC’s hit show, Shark Tank, has stayed hot with their sales. Cinnaholic has signed 16 new franchise agreements since January 2021 and opened five new locations in two brand new markets, bringing the total number of open locations to 56 with 60 more in development and plans to add 10 more bakeries by the end of 2021.
Additionally, the brand has seen a 137% increase in year-over-year same store sales with online ordering, third-party delivery and new innovative menu items driving much of that success this year. Valentine’s Day and Mother’s Day also played an impressive role as they were two of the highest grossing weeks of the year thus far, even while some locations were still under strict Covid restrictions.
“The pandemic still has its impacts on our locations with restrictions or store closings — but we have done an amazing job as a franchise system to rise to the challenge so that our fans are able to get the desserts that they’ve fallen in love with, and our franchisees remain successful,” said Spencer Reid, president of Cinnaholic. “As a result, many of our franchisees have had a great year thus far, and we look forward to the opportunities to come.”
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. Customers can expect nothing less than the highest quality ingredients, as the plant-based bakery franchise was founded upon the commitment that all ingredients must be animal-free and free of dairy, lactose, eggs and cholesterol.
In this story
This story was originally published in Franchising.com on July 6, 2021. Burnaze summarizes and links to the original reporting.
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