Daisy Cakes Shark Tank Update | Daisy Cakes After Shark Tank Pitch
What is Daisy Cake?
Daisy Cakes is a dessert enterprise with a southern flair and a personal touch.
Each cake is baked by hand, fresh to order, and transported all over the United States by the company, which is based in South Carolina.
Four-layer cakes and “Cake in a Jar” Minikins, as well as gluten-free and vegan alternatives, are currently available from the brand.
Red Velvet, Carrot Cake, South Carolina Peaches and Cream, and Chocolate & Marshmallow Fluff are just a few of the flavours available.
For those interested in trying their hand at baking, they also have a recipe book available on their website.
Her mother and Great Aunt Daisy handed down the recipes to her, hence the name.
Who founded Daisy Cakes?
Kim Nelson is the founder of Daisy Cakes.
What happen to Daisy cakes at the Shark Tank pitch?
Kim left her work at a small company in May of 2009. To start the business, her parents handed $93,000.
She created a website and went out and got a commercial mixer, supplies, cake pans, and shipping containers.
Kim had taken over Daisy Cakes full-time by June.
With a cake recipe passed down from Grandmother to Grandmother, Kim Nelson, founder of Daisy Cakes, made it to prime time on Shark Tank.
The Sharks were drawn to her sweaty Southern charm, hard ethic, and foresight.
She dished up her delectable treats once she was focused, all the while watching Shark after Shark gobble every last crumb on each plate.
Kim used to sell her cakes via her website, which she wrapped in dry ice and shipped everywhere.
She was also working to get her homemade lemon curd on the shelves of Whole Foods Markets.
Kim entered the Tank in search of a $50,000 investment in exchange for a 25% stake in the company.
Daisy Cakes have a healthy profit margin: they cost $18 to create and $44 to sell.
She sold around $27,000 worth of merchandise in the three months leading up to filming.
Kim manufactures all of her cakes in the United States, from the ingredients to the packaging and shipping containers.
The Sharks’ main concern is that, as a two-person operation, Kim will be able to keep up with rising demand.
Mr. Wonderful and Kevin Harrington both believe the company is too little to succeed and that it will require too much effort; they’re out.
Daymond and Robert agree and leave, leaving Barbara Corcoran behind.
Despite the fact that all of the boys had gone out, Barbara finds that they had completed their cake! She likes Kim (and the cake) and thinks the commitment to manufacturing in the United States is a wonderful idea.
Barbara offers Kim $50,000 in exchange for a quarter-share of the company and a one-dollar-per-cake royalty until she recoups her investment.
Barbara accepts Kim’s offer, and the two women start brainstorming ways to help Daisy Cakes expand.
Daisy Cakes after Shark Tank Pitch
Kim got commercial kitchen space after appearing on Shark Tank and began producing Daisy Cakes by the TON.
Barbara has recouped her investment by selling over $100,000 every month.
Daisy Cakes have been purchased in all 50 states, and the brand continues to grow in popularity.
This is one of Barbara’s most profitable transactions to date.
It simply goes to show that if you want to win a Shark over, give them cake!
Kim gave an update on Daisy Cakes, revealing that outsourcing her recipes had been difficult. Due to the errors of a contract bakery, the company suffered a $165,000 loss.
Daisy Cakes have continued to sell well since she moved production back closer to home, where she can keep an eye on things.
Kim has gotten the company back on track and doing big numbers.
She’s closer to her manufacturing facility, and past quality control issues have been resolved.
She launched a second bakery in Las Vegas in 2019 to cut shipping expenses for orders from the west coast.
She’s still in business with $4 million in annual income as of July 2021.
Daisy cakes net worth
The Company is estimated to have a net worth of $3million.
Daisy cakes FAQS
What year was Daisy Cakes started?
Daisy Cakes was started in 2009.
Where is Daisy Cakes’s headquarters?
Daisy Cakes’s headquarters is located Durham, North Carolina, United States.
How long do 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 Cake’s 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 is 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 serves 16 – 20 people.
How are 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.