Gourmet vegan bakery Cinnaholic is set to open 136 new outlets across the States – almost doubling its North American presence.
New locations will include 30 in Texas, three in Northern California, and five in Orlando.
The Atlanta-based business came to national prominence in the US after it was featured on ABC show Shark Tank. It was also recently listed in Entrepreneur Magazine’s ‘Top New Franchises of 2018’ list.
‘On a roll’
Florian Radke, Co-Founder of Cinnaholic, said: “To say we’re ‘on a roll’ is an understatement. This has been an incredible growth-year for us—and we’re only half-way through.
“After proving our concept to be a hit with consumers, franchisees and industry insiders, we’ve been able to significantly grow the Cinnaholic footprint and become a highly sought-after franchise opportunity, both at home and internationally.”
“The trust we’ve built with consumers, along with our monumental growth in the first part of this year, allows us to focus growing our franchise opportunity in new markets.”
Existing Cinnaholic franchisee, AB Tiffee, added: “Following great success with our first Cinnaholic store in the Dallas-area, entering a master development agreement to develop 30 additional locations across Texas became a strategic move that we felt the brand was well-positioned for given the performance of our location.
“We couldn’t be more pleased with our initial investment and our decision to further expand.”