Daisy Cakes Shark Tank Net Worth 2023 | Daisy Cakes Shark Tank Updates

Daisy Cakes Shark Tank Net Worth 2023

Daisy Cakes is a cake business that appeared on Shark Tank in Season 3 Episode 311. The founder, Kim Nelson, asked for $50,000 for 25% equity in her cake business, valuing the company at $200,000.

After successfully pitching to the Sharks, Daisy Cakes scaled from selling 2,000 cakes per year to 18,000 and built an estimated net worth of over $3 million. In the first two years of operating, Daisy Cakes sold 2,000 cakes per year.
Soon after the episode aired on Shark Tank, Daisy Cakes received 75,000 hits in just three minutes and its website crashed. Within 24 hours of the show airing, Daisy Cakes received 2,000 orders. In June of 2012 Forbes did a Round Table featuring all the Sharks on the Shark Tank Show.

They were all asked what has been their most successful investment so far. Barbara Corcoran mentioned that her best investment was Daisy Cakes.
As of 2022-06-29, Daisy Cakes’ net worth is $3 million. The business is still active and shipping nationwide on Goldbelly. Within the last three months (at the time of taping), Nelson sold over $27.000 worth of Daisy Cakes from just three shows.

What Is Daisy Cake and Who Found Daisy Cakes?

Daisy Cakes is a dessert business that has a southern charm and a personal touch, offering hand-baked cakes fresh to order and shipped nationwide from their South Carolina base.

The founder of Daisy Cakes is Kim Nelson, who inherited the recipes from her mother and Great Aunt Daisy, after whom the business is named.

The brand offers a variety of options, including four-layer cakes, “Cake in a Jar” Minikins, and gluten-free and vegan alternatives. Flavors range from Red Velvet, Carrot Cake, and South Carolina Peaches and Cream, to Chocolate & Marshmallow Fluff.

In addition to its baked goods, the brand also offers a recipe book on its website for those interested in baking their own treats.\

Summary Table: Nuchas Shark Tank

Daisy Cakes Shark Tank Pitch

Kim Nelson quit her job in May 2009 and was given $93,000 from her parents to start her business. She launched a website, obtained a commercial mixer, supplies, cake pans, and shipping containers, and became a full-time Daisy Cakes owner in June.

With a recipe passed down from her grandmother, Kim appeared on Shark Tank and impressed the Sharks with her Southern charm, work ethic, and foresight.

Despite the Sharks’ concerns about her ability to keep up with demand as a two-person operation, Barbara Corcoran offered her $50,000 in exchange for a 25% stake in the company and a $1-per-cake royalty until she recouped her investment. Kim accepted, and the two women worked together to expand Daisy Cakes.

After appearing on Shark Tank, Kim obtained commercial kitchen space and began producing Daisy Cakes in bulk. Barbara recouped her investment by selling over $100,000 per month, and Daisy Cakes became popular across all 50 states. In 2019, Kim opened a second bakery in Las Vegas to reduce shipping costs for west coast orders.

However, outsourcing the company’s recipes led to problems and a $165,000 loss. Kim moved production closer to home and resolved quality control issues. As of July 2021, Daisy Cakes has an annual income of $4 million and is still in business.

Daisy cakes net worth

The Company is estimated to have a net worth of $ 3 million.

Table: Daisy Cakes’ Shark Tank Summary

INFORMATION	DETAILS
Business Name	Daisy Cakes
Pitched on Shark Tank Season	2
Episode	6
Valuation proposed	$200,000
Deal	Barbara Corcoran invested $50,000 for 25% equity and $1 per cake royalty until she recouped her investment
Sales Before Shark Tank	2,000 cakes per year
Sales After Shark Tank	18,000 cakes per year
Net Worth in 2023	$3 million
Annual Income (as of 2021)	$4 million
Founder	Kim Nelson
Specialties	Southern-style desserts including four-layer cakes, “Cake in a Jar” Minikins, and gluten-free and vegan alternatives
Expansion	Opened a second bakery in Las Vegas in 2019
Partnership	With online marketplace Goldbelly

Daisy Cakes Shark Tank Updates

Daisy Cakes is a cake business that appeared on Shark Tank in Season 2, Episode 6, which originally aired in 2011.

The founder, Kim Nelson, offered her cake recipe handed down from grandmother to grandmother and secured a deal with Barbara Corcoran, who invested $50,000 in return for a one-dollar royalty per cake until the $50,000 had been repaid.

After appearing on Shark Tank, Kim secured commercial kitchen space and began turning out Daisy Cakes by the ton. She is doing over $100K per month in sales, and Barbara has recouped her investment. Daisy Cakes is one of Barbara’s most successful deals ever.

Daisy Cakes has benefited from the “Shark Tank” bump, securing an average of $100,000 in sales each month. The company continues to gather sales momentum, and people in all 50 states purchased Daisy Cakes.

As of today, Daisy Cakes remains open for business and growing exponentially. The company recently partnered with online marketplace Goldbelly.

Daisy cakes FAQS

What Is Daisy Cakes And How Does It Work?

Daisy Cakes is a dessert business that specializes in traditional Southern-style desserts made with fresh ingredients using recipes passed down by Kim Nelson’s mother Geraldine and great aunt Daisy. The company was founded in Pauline, South Carolina, and is now shipping nationwide on Goldbelly.

Daisy Cakes was featured on Shark Tank, where Kim Nelson pitched for a $50,000 investment for a 25% share in the business. Barbara Corcoran invested in the dessert venture and offered $50,000 in return for a one-dollar royalty per cake until the $50,000 had been repaid.

After appearing on Shark Tank, Kim secured commercial kitchen space and began turning out Daisy Cakes by the ton. She’s doing over $100K per month in sales, and Barbara has recouped her investment.

Daisy Cakes has also been featured on “Rachael Ray,” the Food Network, “Good Morning America,” and other popular programs. Kim Nelson continues to grow the business and is partnering with Goldbelly, an online gourmet food marketplace, to ship her cakes nationwide.

Kim Nelson also wrote a cookbook published in 2018, “Daisy Cakes Bakes: Keepsake Recipes for Southern Layer Cakes, Pies, Cookies, and More: A Baking Book,” which features 100 dessert recipes.

What Was The Outcome Of The Daisy Cakes Shark Tank Pitch?

During the Shark Tank pitch, Kim Nelson, the owner of Daisy Cakes, asked for $50,000 for 25% equity in her cake business, valuing the company at $200,000. Barbara Corcoran offered $50,000 in return for a one-dollar royalty per cake until the $50,000 had been repaid.

After the show, Daisy Cakes experienced a significant increase in sales, from $27,000 to $5 million. The company has benefited from the “Shark Tank” bump and secured an average of $100,000 in sales each month.

Daisy Cakes is still open for business and growing exponentially, and has recently partnered with online marketplace Goldbelly to ship cakes nationwide.

Did Daisy Cakes Secure A Deal With Any Of The Sharks?

Yes, Daisy Cakes secured a deal with Barbara Corcoran on Shark Tank. Corcoran invested $50,000 in exchange for 25% of the company. With Corcoran’s help, Daisy Cakes was able to secure a commercial kitchen space and began turning out cakes by the ton.

After appearing on Shark Tank, Daisy Cakes experienced a significant increase in sales, from $27,000 to $5 million. The company has benefited from the “Shark Tank” bump and secured an average of $100,000 in sales each month.

Daisy Cakes is still in business and growing exponentially, and has recently partnered with online marketplace Goldbelly to ship cakes nationwide.

What Happened To Daisy Cakes After Its Appearance At The Shark Tank?

After appearing on Shark Tank, Daisy Cakes experienced a significant increase in sales, securing an average of $100,000 in sales each month. The company received 75,000 hits in just three minutes and its website crashed. Within 24 hours of the show airing, Daisy Cakes received 2,000 orders.

The business secured a deal with Barbara Corcoran, who invested $50,000 in exchange for 25% of the company. With Corcoran’s help, Daisy Cakes was able to secure a commercial kitchen space, which allowed them to make a lot more cakes.

The company is still open for business and growing exponentially, and has recently partnered with online marketplace Goldbelly to ship cakes nationwide.

What year was Daisy Cakes started?

Daisy Cakes was started in 2009.

Where is Daisy Cakes’s headquarters?

Daisy Cakes’s headquarters is located in Durham, North Carolina, United States.

How long does Daisy Cakes last?

1 week at room temperature. 2 weeks in the refrigerator. 3 months in the freezer.

What is the price of a daisy cake?

Daisy Cakes cost $44.50.

How did Daisy Cakes do after shark tank?

After an appearance on “Shark Tank,” Nelson went from selling 2,000 cakes in a year to selling 2,000 cakes in a single day.

Where are Daisy Cakes from?

Daisy Cakes was founded in Pauline, SC by Kim Nelson using the traditions and recipes handed down to her by her mother Geraldine and Great Aunt Daisy.

What is the size of a Daisy Cake?

Our cakes are greater than 8 inches round and measure over 4 inches in height and serve 16 – 20 people.

How is Daisy Cakes prepared?

All of Daisy’s delicious cakes are hand-sifted, made from scratch with all-natural ingredients, and topped with a whole lotta Southern love.

What is their current shipping schedule?

They currently ship on Monday, Tuesday, and Wednesday.

Due to increased demand, and to ensure that your cake is made and shipped with care, they are only able to take online orders for the following week.

If you need expedited service, please contact our office and they will do their best to accommodate.

Do they ship to other countries?

At the moment they are only shipping to the United States.

Do they ship to P.O. Boxes?

At the moment they are only able to ship to physical addresses, as required by our freight company.

Does Daisy Cakes accept corporate orders?

Daisy Cakes make delicious gifts for your employees and customers, year ’round.

Corporate discounts are available. Call them at 877-316-CAKE (2253) or 864-595-7440.

They will be happy to talk to you about special pricing and delivery.

What is Daisy Cakes Cancellation Policy?

To change, postpone or cancel your order is not a problem.

Just give us 48 hours’ notice to make the changes and they will give you a full refund.

NO CHANGES can be made after an order is shipped.

Did Daisy cakes secure a deal with Sharks?

To be on the show Daisy Cakes got a deal with Barbara Corcoran, who said she would invest $50,000 in exchange for 25% of the company.

Have there been any lawsuits?

Kim Nelson is still using recipes handed down to her by her mother and aunt. She has no patent pending or trademark filed.

Which episode is Daisy cakes featured on Shark tank?

Daisy Cakes is a delicious, all-natural alternative to regular cupcakes that was featured on the hit show Shark Tank.

Since its debut in Season 2, episode 6, Daisy Cakes has grown exponentially and continues to grow today.

Daisy Cakes Shark Tank Pitch Episode