What Happened To Crispy Cones After Shark Tank?
Jeremy Carlson first discovered the cone that inspired his company idea during a trip to the Czech Republic, where they are traditionally sold. Starting their business on their own, he and his wife Kaitlyn made around $760,000 in revenue between 2018 and September 2022, when their “Shark Tank” episode was recorded. The duo asked the panel for $200,000 in exchange for 10% equity in the company. After their initial pitch the couple gave the Sharks the go-ahead to taste the product they would be hopefully investing in. As soon as the panel sunk their teeth into the doughy dessert, it was clear that taste was not going to be an issue.
All the couple needed was a nationally televised investment boost to take the company to new heights. That boost ended up coming from Shark Barbara Corcoran, who provided the requested $200,000, but in exchange for 20% of the business. “I’m very interested in this business, and I am the person who knows more about franchise and food than anybody here,” she said (via CNBC). This new partnership was just what the couple needed to continue their dream of bringing Crispy Cones to the rest of the country. At the time of this writing they have two locations, one in Logan, Utah and another in Rexburg, Idaho. By the time their episode aired in March 2023, Crispy Cones had been featured in the likes of Digital Journal and had an estimated value of $1 million.
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