Crispy Cones Shark Tank Update – Shark Tank Season 14
Jeremy and Kaitlyn Carlson Serve Up a Sweet Deal with Crispy Cones on Shark Tank.
Jeremy and Kaitlyn Carlson hope a Shark bites on Crispy Cones, their soft serve ice cream franchise opportunity with a new twist on the ice cream cone, in Shark Tank Season 14 Episode 17. They serve their soft serve ice cream in cones made from fresh dough and grilled rotisserie-style, then covered with cinnamon and sugar or crushed Oreos.
They fill the cones with a choice of spreads (think Nutella or peanut butter), gourmet soft-serve ice cream, fruit, and various delicious toppings.
Check out other Shark Tank Season 14 Episodes.
About Crispy Cones
| Category | Details |
|---|---|
| Business Name | Crispy Cones |
| Founders | Jeremy and Kaitlyn Carlson |
| Industry | Food & Beverage, Franchising |
| Product | Soft serve ice cream served in fresh dough cones |
| Deal Status | Deal secured with Barbara |
| Investment Asked | $200,000 for 10% equity |
| Deal Outcome | $200,000 for 20% equity |
| Valuation | $1 million (at the time of Shark Tank pitch) |
Jeremy first encountered the cones while doing missionary work for the Church of Jesus Christ of Latter-day Saints in the Czech Republic. He believed folks in the USA would like them, so he opened a trailer to sell them while he was a student at Brigham Young University. He and his wife opened their first storefront in Logan, Utah, in May 2020 and a second in Rexburg, Idaho, shortly thereafter.
Apparently, Jeremy was right. People love his cones. The couple’s goal is to franchise the concept. There’s a franchise application on their website. They likely want a Shark who’s experienced with franchising to help them grow their new concept.
Video
Posts about Crispy Cones on Shark Tank Blog
Crispy Cone Franchise Opportunity
Crispy Cones Shark Tank Recap
Jeremy and Kaitlyn enter the Shark Tank seeking $200,000 for 10% equity in their company.
Did Crispy Cones Get A Deal on Shark Tank?
The entrepreneurs did a deal with Barbara for $200,000 for 20%.
Crispy Cones Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show.
The first rerun of this episode in June 2023 is just 3 months after the original air date. The deal with Barbara closed on January 1, 2023. At this time, a franchise opened in Chandler, Arizona, and one in Provo, Utah, is “coming soon.” As of November 2023, the company has six locations. 2 in Arizona, the Provo location, 1 in Orlando, and the 2 original stores. By March 2024, they added a 7th location in Gilbert, Arizona.
The company claims it has sold 30 franchises. At this time, annual revenue is over $1 million. In May 2024, the company announced it had signed a 10-unit deal in the greater Dallas area.
Update Segment
The company gets an update segment in episode 1516. In the update, Jeremy explains how they make their cones. He says within 24 hours of airing, they received hundreds of franchise applications from every single state in the country.
Barbara is in a meeting with Jeremy and Kaitlyn, and she tells them the key to successful franchising is successful franchisees. With the investment from Barbara, Crispy Cones introduced self-serve ordering kiosks in their stores due to the incredible crowds they were drawing.
The scene cuts to the grand opening of their Tempe, Arizona franchise. Kaitlyn says they’ve sold 18 franchises in Arizona, Utah, Idaho, Florida, and Texas. Jeremy says the kiosks provide them with valuable data on everything from store cleanliness to quality, helping them grow their revenue by 60%.
In the 5 years before Shark Tank they had just under $500,000 in sales. In the 7 months since appearing, they’ve surpassed $2 million in lifetime sales. Jeremy says he grew up watching Shark Tank and never thought he’d have Barbara as a business partner.
The couple says being on Shark Tank was the best day of their lives until they welcomed their first baby, Casey, into their lives. They offer advice to other entrepreneurs: “Dream big, work like crazy to achieve your goals and never give up.”
In June 2024, the company announced it had signed franchise agreements for 55 stores across the country and planned to sell 100 units. To support the expansion, it partnered with Sysco, a food distribution giant.
Recently, Crispy Cones announced their plans to open a new location in Greenville in 2025.
The Shark Tank Blog will follow up on Crispy Cones & Jeremy and Kaitlyn Carlson as more details become available.
Where Can You Buy It?
Crispy Cones are available for purchase on their official website and on Amazon. Check out their social media for more updates on Facebook and Instagram.
Quick Summary
- Jeremy and Kaitlyn pitched Crispy Cones, seeking $200,000 for 10% equity.
- The franchise features soft serve ice cream in grilled dough cones with unique toppings.
- Since its airing, the company has opened six locations and sold 30 franchises, with annual revenue exceeding $1 million.
More products from this episode! Check out other updates of businesses that participated alongside Crispy Cones.
