Gourmet vegan cinnamon roll bakery Cinnaholic has kept up its momentum despite the effects of the COVID-19 pandemic.
The brand has seen a 137% increase in year-over-year same store sales with online ordering, third-party delivery and new menu items driving much of that success this year. Valentine’s Day and Mother’s Day also played a role as they were two of the highest grossing weeks of 2021 so far.
“The pandemic still has its impacts on our locations with restrictions or store closings — but we have done an amazing job as a franchise system to rise to the challenge so that our fans are able to get the desserts that they’ve fallen in love with, and our franchisees remain successful,” says Spencer Reid, president of Cinnaholic. “As a result, many of our franchisees have had a great year thus far, and we look forward to the opportunities to come.”
Cinnaholic has signed 16 new franchise agreements since January 2021 and opened five new locations in two brand new markets, bringing the total number of open locations to 56 with 60 more in development and plans to add 10 more bakeries by the end of 2021.
The brand is seeking out qualified single-unit and multi-unit investors in a range of market sizes throughout the United States and Canada. The flexible business model works well in upscale lifestyle centers, major city centers and near college campuses.