Finding unique dessert options can be a challenge since many ice cream shops offer similar treats. Jeremy Carlson found something special on a mission trip to the Czech Republic: dough cones that are cooked rotisserie-style. These warm, crispy cones filled with ice cream aren’t found in the U.S., so he decided to bring the idea back home.
Teaming up with Kaitlyn Carlson, they launched Crispy Cones, a dessert experience where customers can enjoy freshly made dough cones filled with soft-serve ice cream and a variety of toppings. The cones are prepared right in front of the customers, adding an entertaining aspect to the wait. Customers can customize their cones with options like Nutella, crushed Oreos, or fresh fruit.
In Season 14 of Shark Tank, Jeremy and Kaitlyn pitched their business, seeking $200,000 for 10% ownership to help grow and franchise their business. The Sharks liked the idea but were concerned about how to expand it successfully. Eventually, Barbara Corcoran struck a deal with them, offering $200,000 for 20% ownership instead.
Crispy Cones Net Worth Shark Tank Update 2025
Jeremy and Kaitlyn were looking for an investment of $200k in exchange for 10% equity in the company. At the time of the episode, they valued their company at $2 million. Jeremy and Kaitlyn successfully secured a deal with Barbara for an investment of $200k for 20% equity in the company. The investment adjusted the company’s net worth to around $1 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Crispy Cones in 2025 is around $5 million.
Jeremy Carlson discovered rotisserie dough cones while visiting the Czech Republic and thought they were unique and fun. He felt that there was nothing quite like them in America, so when he got back home, he and Kaitlyn began trying out their own recipes to create an exciting dessert.
They started their business in 2018 by selling these cones from a small roadside stand, making $20,000 in their first year. As people began to hear about them, their sales increased significantly: $70,000 in 2019, $80,000 in 2020, and then they skyrocketed to $200,000 in 2021, finally hitting $500,000 in 2022 after opening locations in Idaho and Utah.
The cones are relatively inexpensive to make, costing about $1.50 each, and they sell for $7.50. Customers enjoy the experience of seeing their cones freshly grilled and loaded with various toppings.
When Jeremy and Kaitlyn appeared on Shark Tank, they shared their goal of turning Crispy Cones into a well-known national brand. They sought investment to help grow their business through franchising and marketing efforts. The Sharks were impressed but had some questions about their plans and operations.
Queries + Shark’s Responses, and Final Deal
Kevin O’Leary: He thought the business was too small and wanted to see more locations before investing in it. So, he decided not to invest.
Mark Cuban: He liked the ice cream product but was worried that other big ice cream companies might start copying their idea. Because of this concern, he chose not to invest.
Robert Herjavec: He was uncertain about the idea of franchising (allowing other people to run their own branches of the business). He felt that the brand wasn’t strong enough yet, so he also decided not to invest.
Lori Greiner: She liked the concept but was worried about how the business would grow. Since she didn’t think it was the right fit for her, she opted out of investing.
Barbara Corcoran: She saw a lot of potential in the business and offered to invest $200,000 in exchange for 20% ownership. Although the business owner, Jeremy, tried to negotiate for a smaller share, Barbara stood her ground, and they eventually agreed on her offer.
Product Availability
Crispy Cones specializes in delicious treats that combine freshly made dough cones and creamy soft-serve ice cream. You can customize your cone with a variety of toppings, including popular choices like Nutella, Oreos, and fresh fruit.
If you’re looking to buy one, Crispy Cones has locations in Utah, Arizona, and Idaho, and they plan to open more stores soon. Each cone is made right in the store, ensuring that you enjoy a fresh and unique treat every time you visit.
What Happened To The Crispy Cones After Shark Tank?
After appearing on Shark Tank, Crispy Cones experienced rapid growth. They opened new restaurants in Provo, Utah, and Chandler, Arizona. By March 2024, they had grown to 7 locations. They sold 27 franchise agreements, with aspirations to grow to 100 locations in the future.
They formed a partnership with Sysco, a major food supplier, to streamline their supplies. Their yearly earnings exceeded $1 million. Barbara’s investment and support from Shark Tank significantly accelerated their growth and expansion.
Conclusion
Jeremy and Kaitlyn introduced a new dessert called Crispy Cones on Shark Tank, which helps entrepreneurs get funding for their ideas. While some Sharks were unsure about how much their business could grow, Barbara Corcoran decided to support them by investing $200,000 in exchange for owning 20% of the company.
After their appearance on the show, Crispy Cones began to grow beyond their initial locations, opening new stores in different states and allowing others to operate their own Crispy Cones shops as franchises. This unique dessert idea is quickly becoming popular across the country.
Hey, I’m Amna Habib, an undergraduate student pursuing a Bachelor’s in Business Administration. Shark Tank has always been one of my favorite TV shows because it offers a unique glimpse into the world of entrepreneurship. The way entrepreneurs present innovative solutions to everyday problems aligns with my academic interests and fuels my curiosity about business strategies. Each pitch showcases creativity and strategic decision-making, which I find both insightful and inspiring. Watching the show has deepened my passion for business and motivated me to explore the world of entrepreneurship even further. Beyond business and writing, I love food, shopping, and spending time with my friends and family.
