Crispy Cones Update | Shark Tank Season 14

Jeremy Carlson discovered the idea for rotisserie-style dough cones while on a mission trip in the Czech Republic, where he noticed the U.S. didn’t have anything like them. This inspired him and Kaitlyn Carlson to create Crispy Cones, a dessert with fresh dough cones, soft-serve ice cream, and fun toppings. Can they get a shark to help bring Crispy Cones to more people? Let’s find out in our Crispy Cones update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Crispy Cones after Shark Tank.

Jeremy and Kaitlyn entered Shark Tank Season 14, seeking $200,000 for 10% equity in their Ice cream cone business. After their presentation, they were able to secure a deal with Barbara Corcoran for $200,000 for 20% equity.

In terms of a Crispy Cones update, the company expanded its footprint with new locations in Utah and Arizona, reaching seven locations by March 2024 and generating over $1 million in annual revenue.

Shark	Result
Barbara Cocoran	Accepted offer of $250,000 for 20% equity
Kevin O’Leary	No offer
Mark Cuban	No offer
Robert Herjavec	No offer
Lori Greiner	No offer

Shark Tank Crispy Cones Pitch

• Entrepreneurs: Jeremy Carlson and Kaitlyn Carlson
• Business: Ice cream cones 
• Ask: $200,000 for 10% equity
• Result: $200,000 for 20% equity
• Shark:  Barbara Corcoran

Jeremy and Kaitlyn entered Shark Tank with Crispy Cones, seeking an investment to expand their unique soft-serve ice cream business through franchising.

The funds would be used to streamline operations, grow their brand, and bring their donut-like ice cream cones to more communities across the country.

Crispy Cones offers a fresh twist on soft-serve ice cream. The product features dough cones grilled on a rotisserie. 

They are coated with toppings like cinnamon, sugar, or crushed Oreos. Each cone is filled with spreads such as Nutella or peanut butter. 

Customers can add gourmet soft-serve ice cream, fruits, and other toppings to complete their treat.

The cones are made fresh in storefronts, creating a hands-on experience. Customers can watch their orders come together in real time. 

Families, students, and dessert lovers enjoy the unique flavor and presentation. Each cone is customizable, making it easy for everyone to find their perfect combination.

Interested entrepreneurs can apply online to open their own storefronts, allowing the concept to grow and reach new communities.

Jeremy shared that he started the company on the side of the road and only generated $20,000 in the opening year of 2018. 

In 2019, the company reached $70,000 in sales and grew to $80,000 in 2020.

Sales numbers kept growing, and the $200,000 milestone was reached in 2021. Now, with more than $500,000 in sales in 2022, the company has locations in Idaho and Utah.

A single cone costs about $1.50 and sells at an average price of just over $7.50. 

Several of the sharks disagreed with the vision and started to drop out.

Eventually, Barbara Corcoran became the only shark left and offered $200,000 for 20% equity.

After trying to make a few counteroffers, Jeremy ultimately accepted Barbara’s offer with Kaitlyn by his side.

What happened next for their company? Keep reading our Crispy Cones update to find out. 

Shark Tank Crispy Cones Update

Our Crispy Cones update found that the deal with Barbara Cocoran eventually closed successfully. 

Furthermore, shortly after the episode aired, Crispy Cones expanded its presence by opening new locations in Provo, Utah, and Chandler, Arizona. 

At the time of this writing, they had established their seventh location in Gilbert, Arizona, reporting over $1 million in annual revenue. 

The company also pursued franchising opportunities, selling 27 franchise units with plans to sell 100 more in 2024. 

They partnered with food distribution giant Sysco to support this expansion. 

Recently, Crispy Cones announced plans to open a new location in Greenville, South Carolina, scheduled for 2025. 

We can’t wait to bring you another exciting Crispy Cones update.

Do you want to learn about the other companies featured in Season 14 Episode 17? Follow the links below for our other company updates from the episode.

• Tngnt Update
• Autio Update
• Chubby Buttons Update

Before you go, check out our Shark Tank Season 14 page for more updates.