Blondies Cookies Shark Tank Update | What happened to Blondies Cookies after the Shark Tank Pitch?
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What is Blondies Cookies?
Blondie’s Cookies is a bakery brand established in Indiana that specializes in gourmet cookies, cookie cakes, and brownie bars.
Blondie’s Cookies was founded in 1984 and now has 12 retail locations in Indiana and Florida. The Florida stores are completely new and the first outside of their “home region” of Indiana, where the Blondie’s Cookies brand is well-known.
Who is the Founder of Blondie Cookies?
It all started in 1984 on the campus of Indiana State University. Brenda Coffman, a business student, started the Cookie Cabin from her Married Student Housing apartment.
Her main clients were ISU students and teachers, as well as Rose-Hulman Institute of Technology, where her husband studied.
Brenda began negotiating for the first retail shop in January 1985 with the Simon Property Group, the country’s leading mall developer and owner of the Markland Mall in Kokomo, Indiana.
Blondie’s Cookies incorporated as a company in Indiana in 1985.
The first store debuted in Kokomo on September 3, 1985, and more sites followed in the years that followed.
What happened to Blondies Cookies at the Shark Tank?
Blondie’s Cookies appeared on Shark Tank in search of a $200,000 investment in exchange for a 3% stake in the company. This translates to a $6.6 million valuation.
Brenda, like any good food entrepreneur, provided the Sharks with samples of Blondie’s Cookies.
They adored the cookies, as well as the fact that Blondie’s had 2.3 million in sales the previous year.
Blondie’s Cookies had around $800,000 in outstanding loans, the majority of which was used to fund the growth of retail stores into Florida, which irritated the Sharks.
Unfortunately, the Florida businesses were losing money at the time of the first broadcast, despite the fact that they were still relatively new.
This was attributed, in part, to their “newness,” since they had not yet secured the corporate clients that the Indiana outlets had.
Kevin O’Leary doesn’t agree with Brenda’s value, so he’s out right away. Robert Herjavec loves the logo, but believes Brenda should return to Blondie’s roots and focus on the Indiana locations; he’s out.
Cuban informs her that, despite having amazing cookies, she has done something incredibly awful for her business by expanding, making it impossible for an investor to get their money back because it all depends on how well the stores in Florida do, therefore he’s out.
Brenda, according to Barbara Corcoran, needs to know when to quit: she doesn’t like the idea that the Florida stores are losing money, therefore she’s out.
Yes, John was swept away by the flavour of her cookies, and her cheerful demeanour had him eager to work out a deal, but Blondie’s Cookies lost its attraction when she started talking about her debt and overestimating the whole worth of her firm. As a result, he, too, is unable to assist her.
Coffman must exit the Shark Tank with no investments.
Blondies Cookies after the Shark Tank Pitch
At least one of the Blondie’s Cookies Florida stores has closed after the initial show date, but the others are still open, and the Shark Tank attention has benefited sales. A trip to the Sarasota shop is planned during the spring of 2013.
Blondie’s shuttered all of their Florida locations. The seven original Indiana businesses are still operational as of July 2021, and they may purchase online. Annual revenue is between $9 and $10 million.
Blondies Cookies Net Worth
Coffman was seeking $200k for a 3% ownership, valuing the cookie firm at more than $6.6 million.
Blondies Cookies Competitors
There is no competitor identified for Blondies Cookies?
Blondies Cookies FAQS
What is Blondies Cookies?
Blondie’s Cookies is a bakery brand established in Indiana that specializes in gourmet cookies, cookie cakes, and brownie bars.
Blondie’s Cookies was founded in 1984 and now has 7 retail locations in Indiana.
Who is the founder of Blondies Cookies?
It all started in 1984 on the campus of Indiana State University. Brenda Coffman, a business student, started the Cookie Cabin from her Married Student Housing apartment.
How much was she seeking in the Shark Tank?
Brenda Coffman was seeking $200k for a 3% ownership, valuing the cookie firm at more than $6.6 million.
Did they get the deal from the Shark Tank?
No. Blondie’s Cookies did not received any offer from the Sharks.
Is Blondie’s Cookies still in business?
Yes, the seven original Indiana businesses are still operational as of July 2021, and they may purchase online. Annual revenue is between $9 and $10 million.
Where are they located?
Regional chain with 7 retail locations in Indiana (Bloomington, Glenbrook Mall, Honey Creek, Keystone Fashion Mall, Kokomo, Muncie Mall and South Bend.)
What is the shelf life of blondies cookies?
Their cookies may be stored for up to a week in an airtight container or for up to 2-3 days in the box they arrive in.
Can blondies cookies be frozen?
Brownies, blondies, and bar cookies all freeze well after baking, however their fudgy texture may lead them to become somewhat more wet after thawing.
Cut into chunks, cover securely in plastic wrap, and place on a sheet pan to freeze until hard. Place in a sealed freezer bag.
Is it necessary to refrigerate blondies?
Unless they contain a cream cheese icing, blondie bars or other cookie bars do not need to be refrigerated.
These Blondies may be kept in an airtight jar at room temperature for approximately a week.
Should they keep the blondies in the refrigerator?
If they are preparing them for a particular occasion, such as a bake sale, they may want to make them 1-2 days ahead of time to ensure that they are at their finest.
In really hot weather, store the brownies in the refrigerator and remove them about an hour before serving.
How many calories are in a blondies cookie?
1 blondie has 102 calories, 4 grams of fat (2 grams of saturated fat), 19 milligrams of cholesterol, 72 milligrams of sodium, 16 grams of carbohydrate (12 grams of sugar, 0 fibre), and 1 gram of protein.
How many Blondies Cookies are there?
Today, they have over twenty cookie kinds, three types of brownies, and their newest product, Chewies. Blondie’s cookies and brownies are made from scratch every day.
When was Blondies Cookies aired on Shark Tank?
Blondie’s Cookies was aired on April 13th, 2012.
Why is shipping so expensive?
They ship via USPS Priority Mail. This takes about 2-3 business days to most addresses and ensures that their cookies are as fresh as possible because they do not use preservatives.
Furthermore, as compared to their competition, their cookies are LARGE and HEAVY. With today’s gasoline rates, shipping FAST, HEAVY items is pricey.
How can they contact Blondies Cookies?
They can email them at [email protected]comcast.net.
What is net worth of Brenda Coffman?
Brenda Coffman’s net worth is unavailable.
What are the ingredients of Blondies Cookies?
Blondie’s employs all-natural ingredients such as farm fresh eggs, pure vanilla, pure cane sugar, plump juicy raisins, fancy pecans, Hawaiian Macadamia nuts, English walnuts, creamy peanut butter, and rich velvety chocolate to produce their cookies.