Vegan cinnamon roll bakery Cinnaholic has announced that it has signed agreements for new franchise locations across 20 new markets in the United States including Ann Arbor, Portland, Philadelphia, New Jersey and Phoenix.
As Cinnaholic sets its sights on continued growth in 2021, it is looking for qualified single-unit and multi-unit investors with the goal of expanding to Austin, New York City, Boston, Miami, Orlando, Tampa and Nashville.
“Our franchise model has proven successful time and time again. Amid the pandemic, our existing franchisees were able to continue operations without temporarily closing their doors,” says Spencer Reid, president of Cinnaholic. “We’ve closed an extremely successful year in terms of franchise sales and are excited to continue the momentum as we look to excel growth in 2021.”
The company closed out 2020 with an overall system growth of 29%, thanks in large part to a new, technology-advanced online pick-up and third-party delivery ordering platform.