Cinnaholic gained national attention after the company was featured on the ABC show, “Shark Tank." It began franchising in 2014 and currently has 40 units in development.
April 14, 2016
Cinnaholic, a California-based vegan bakery, has signed franchise agreements to open nine restaurants in California, Arizona and Colorado, according to a company press release.
Arizona and Colorado will get three locations each with the brand's entrance into both states. Three bakeries planned for the San Diego area will join Cinnaholic's flagship location in Berkeley. Cinnaholic gained national attention after the company was featured on the ABC show, "Shark Tank." The brand began franchising in 2014, and currently has 40 units in development, including locations in West Hollywood, Brea and San Jose, California.
"National expansion has always been on the horizon for us," said Spencer Reid, president of Cinnaholic. "Each of these markets presents incredible opportunities to build excitement around the Cinnaholic brand. We're eager to continue to grow and serve the most innovative, delicious cinnamon rolls."
Cinnaholic signed the agreement for the new locations with LF Development Group, the Scottsdale, Arizona-based arm of Legacy Franchise Group LLC that partners with local operators to establish and manage franchise concepts across the country.
"Cinnaholic is a dynamic concept which is sure to make an impression on residents of Colorado, Arizona and California," said LF Development CEO Fred Auzenne. "We are excited to help expand the brand's presence on a national level and bring the bakeries into new markets."