Atlanta — Cinnaholic, the gourmet cinnamon roll bakery acclaimed for serving innovative plant-based cinnamon roll creations, has opened 10 franchise locations since January in new markets including New Jersey, Houston, Phoenix and Ottawa, Ontario, bringing its total location count to 38 units. The brand hopes to reach 50 locations by year end, and 75 by the end of 2020.
“Our franchise model has proven successful time and time again, and the fact that many of our existing franchisees are opening additional locations is a true indicator of our products resonating with customers and our concept’s profitability for investors,” says Spencer Reid, president of Cinnaholic. “We are excited to continue our expansion into new markets at a rapid rate with new and existing franchisees across North America.”
The brand projects a strong growth trajectory with newly signed agreements in San Antonio and Austin, Texas; Tulsa and Oklahoma City, Okla.; Tampa and Coral Springs, Fla.; Nashua, N.H.; and Birmingham, Ala. With more than 100 locations in the development pipeline, Cinnaholic is on track to reach 50 locations by the end of 2019 and open another 25 by the end of 2020.
The brand is eyeing certain markets for future expansion, including Chicago, New Jersey, New York and Washington D.C. Typical footprints are around 1,000 square feet.
Founded in 2009 in Berkeley, Calif., Cinnaholic is the only gourmet bakery that allows customers to completely customize cinnamon rolls with more than 20 frosting flavors and over 20 topping choices. Each Cinnaholic cinnamon roll is 100% vegan and free of dairy, lactose, eggs or cholesterol. For more information, visit www.cinnaholic.com.
SOURCE: Cinnaholic