Crispy Cones Shark Tank Update

Crispy Cones Shark Tank Pitch

Jeremy Carson and Kaitlyn Carson appeared on Shark Tank Season 14, Episode 17, which aired on March 17, 2023, with Crispy Cones is a unique dessert shop that is revolutionizing the soft serve cone! A crispy cone is a fresh dough cone grilled rotisserie-style and covered with cinnamon and sugar. The cone is filled with your choice of spread, gourmet soft-serve ice cream, a variety of delicious toppings, and a drizzle of sauce on top!.

Crispy Cones is listed in the Food Beverage category. In plain terms, the business is described as Crispy Cones is a unique dessert shop that is revolutionizing the soft serve cone! A crispy cone is a fresh dough cone grilled rotisserie-style and covered with cinnamon and sugar. The cone is filled with your choice of spread, gourmet soft-serve ice cream, a variety of delicious toppings, and a drizzle of sauce on top!.

Crispy Cones asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Crispy Cones made a listed deal with Barbara Corcoran for $200,000 for 20%.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, down from the original $2 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Crispy Cones After Shark Tank

Crispy Cones accepted Barbara Corcoran's on-air offer, and later update coverage says the deal closed. (Crispy Cones Shark Tank Update

The dessert-shop franchise was around $1 million in annual revenue and had six locations by November 2023, with shops in Chandler, Arizona and Provo, Utah also in the pipeline. (Crispy Cones Shark Tank Update

By March 2024, Crispy Cones had added a seventh location in Gilbert, Arizona, and the brand later earned a Shark Tank update segment in Season 15. (Crispy Cones Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches