Crispy Cones Shark Tank Episode 17 Update & Net Worth

Crispy Cones Shark Tank Episode 17 Update & Net Worth

Crispy Cones, a gourmet soft-serve ice cream startup, made a delicious appearance on Shark Tank during Season 14, Episode 17, which aired on March 17, 2023

. Founded by Jeremy Carlson and Kaitlyn Carlson, the company offers a unique twist on traditional ice cream cones by using rotisserie-grilled dough that is sprinkled with toppings and filled with soft-serve ice cream. The product has been well-received, with growing sales and an expanding customer base.

During their Shark Tank pitch, Jeremy and Kaitlyn sought $200,000 for 10% equity in their business. After some negotiation, they secured a deal with Barbara Corcoran for $200,000 for 20% equity. As of April 2024, Crispy Cones has continued to grow and is estimated to have a net worth of $1 million.

What is Crispy Cones? How Does it Work?

Crispy Cones is a soft-serve ice cream franchise that offers a unique and flavorful alternative to the traditional ice cream cone. The process begins with fresh dough that is rolled onto wooden dowels and grilled rotisserie-style. This grilling method creates a crispy, donut-like texture on the outside while keeping the inside soft and chewy.

Once grilled, the cone is wrapped with toppings such as cinnamon sugar and Oreo powder. The interior is then coated with spreads like cookie butter or Nutella before being filled with gourmet soft-serve ice cream. The result is a delectable treat that combines the best of both worlds: a warm, crispy exterior and a cool, creamy interior.

Crispy Cones has set itself apart by offering a high-quality, customizable dessert experience that appeals to a wide range of customers. With its innovative approach to the classic ice cream cone, the company is well-positioned to expand its presence in the competitive dessert market.

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Crispy Cones Shark Tank Episode 17 Season 14: What Happened at Shark Tank Pitch?

In their Shark Tank appearance during Season 14, Episode 17, founders Jeremy Carlson and Kaitlyn Carlson presented Crispy Cones to the Sharks, seeking $200,000 for 10% equity in their growing business. They explained the unique process of creating their donut-like ice cream cones, which are grilled to perfection on a rotisserie, sprinkled with toppings, and filled with soft-serve ice cream.

Jeremy shared the company’s journey, starting from humble beginnings on the side of the road in 2018, where they generated just $20,000 in sales. By 2022, Crispy Cones had grown significantly, reaching over $500,000 in annual sales with locations in Idaho and Utah. The cost to produce each cone was $1.50, while the retail price was $7.50, providing healthy profit margins.

The founders expressed their vision to expand the business through franchising, but several Sharks expressed concerns about their lack of experience in franchising. Barbara Corcoran was the only Shark to make an offer, proposing $200,000 for 20% equity. After some negotiation, where Jeremy attempted to lower the equity stake to 15% and then 17%, Barbara stood firm, and the deal was finalized at 20% equity.

Crispy Cones Shark Tank Pitch Summary

What Happened to Crispy Cones After Shark Tank?

Following their successful deal with Barbara Corcoran on Shark Tank, Crispy Cones saw a significant boost in visibility and sales. The exposure from the show helped the company attract more customers and franchise inquiries, which aligned perfectly with their expansion plans.

The business has continued to thrive, with increased demand for their unique, grilled ice cream cones. Crispy Cones has also focused on refining its franchising model, aiming to open new locations across the United States.

The support and expertise of Barbara Corcoran have been instrumental in helping the company navigate the challenges of scaling up while maintaining the quality and customer experience that has made Crispy Cones a success.

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How Much Is Crispy Cones Worth?

As of 2024, Crispy Cones is estimated to be worth $1 million. This valuation reflects the company’s steady growth in sales, successful franchising efforts, and the unique appeal of their product. The company’s ability to create a distinctive and enjoyable dessert experience has positioned it well within the competitive ice cream market.

Is Crispy Cones Still in Business?

Yes, Crispy Cones is still in business and continues to expand. The company has maintained its momentum following its Shark Tank appearance, opening new locations and attracting a growing customer base. With Barbara Corcoran’s guidance, Crispy Cones is poised for continued success as it scales its franchise model and introduces its gourmet ice cream cones to more markets.

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Which Episode & Season Number Was Crispy Cones on Shark Tank?

Crispy Cones was featured on Shark Tank during Season 14, Episode 17, which aired on March 17, 2023. In this episode, founders Jeremy Carlson and Kaitlyn Carlson pitched their soft-serve ice cream franchise to the Sharks and successfully secured a deal with Barbara Corcoran for $200,000 for 20% equity.

Frequently Asked Questions

Who are the founders of Crispy Cones?
Crispy Cones was founded by Jeremy Carlson and Kaitlyn Carlson. Jeremy is the CEO, while Kaitlyn serves as the Chief Marketing Officer.

What is Crispy Cones?
Crispy Cones is a soft-serve ice cream franchise that offers a unique dessert experience by using rotisserie-grilled dough cones filled with gourmet soft-serve ice cream.

Did Crispy Cones get a deal on Shark Tank?
Yes, Crispy Cones secured a deal with Barbara Corcoran for $200,000 for 20% equity.

How much is Crispy Cones worth?
As of 2024, Crispy Cones is estimated to be worth $1 million.

Is Crispy Cones still in business?
Yes, Crispy Cones is still in business and continues to grow, with plans to expand through franchising.

Which episode of Shark Tank featured Crispy Cones?
Crispy Cones was featured on Shark Tank Season 14, Episode 17.