FunCakes Rental Net Worth
FunCakes Rental appeared on Shark Tank and was valued at $1.14 million. As of 2023, the company’s net worth is $1 million. FunCakes Rental offers rental cakes for weddings and other events.
What is FunCakes Rental? Who is FunCakes Rentals’ founder?
FunCakes Rental is a company that offers fake tiered cakes made of styrofoam layers and topped with genuine fondant icing, designed to resemble real wedding cakes. These cakes are not only easy to transport to the wedding venue, but they are also a more affordable option for couples.
Kimberly Aya is the founder of FunCakes Rental, and she is a skilled baker based in Grand Rapids who used to operate a bakery in Europe before returning to Michigan.
Kimberly has a lifelong passion for baking and cake decorating, and she has worked as a teacher at the SECCHIA Institute of Culinary Education.
In Grand Rapids, Kimberly co-owns FunCakes Rental with her son, and the company specializes in creating faux wedding cakes. The concept behind the company is to offer couples a less expensive option for their wedding cake.
Kimberly first learned about the idea of using artificial cakes in 2007 when attending a bridal expo. She discovered that styrofoam cakes can have a concealed compartment that holds a small piece of genuine cake, which the bride and groom can cut as a symbolic gesture. This idea inspired her to start FunCakes Rental.
Initially, Kimberly created fake cakes for display purposes, while providing a sheet cake for guests to enjoy. However, nobody could tell the difference between a fake and a real cake. This led to the creation of FunCakes Rental, which offers couples an affordable and practical alternative to traditional wedding cakes.
FunCakes Rental Shark Tank Pitch
Kimberly and Koray appeared on Season 6 Episode 4 of Shark Tank seeking $285,000 for a 25% stake in their company, which valued the business at $1.14 million.
FunCakes Rental creates fake cakes for weddings, which are made from styrofoam layers covered in fondant icing, and they are much cheaper than real wedding cakes. They made $150,000 in sales the previous year.
However, the Sharks were not impressed with their business, and several of them dropped out of the deal. Lori was not interested, and Mark believed that Kimberly and Koray were not devoted enough to the business.
Mr. Wonderful was particularly negative about the idea of fake cakes, and Robert was worried about the company’s shaky financial status.
Despite this setback, FunCakes Rental went on to secure a deal with 200 Jewel Osco grocery stores and started selling their cakes in over 180 locations in Illinois. They were also available in SpartanNash locations in Michigan. Kimberly believes that their products will be in thousands of retailers over the next five years.
In 2017, FunCakes Rental celebrated its tenth anniversary and began selling its products on Amazon. They offer seven different three-tiered cakes for $199 each. As of August 2021, they have been in business for 14 years and have an annual revenue of $1.1 million.
FunCakes Rental Net Worth
Kimberly and Koray entered Shark Tank searching $285, 000 for a 25% stake in their company. This translates to a $1.14 million valuation.
FunCakes Rental Competitors
There are no competitors identified for FunCakes Rental.
FunCakes Rental FAQS
What is FunCakes Rental?
FunCakes are fake tiered cakes composed of styrofoam layers and topped with genuine fondant icing to resemble true wedding cakes.
Who is FunCakes Rentals’ founder?
Kimberly Aya, a Grand Rapids-based baker, used to operate a bakery in Europe before returning to Michigan is the founder of FunCakes Rental.
How much was they seeking in the Shark Tank?
They were seeking $285, 000 for a 25% stake in their business. This translates to a $1.14 million valuation.
Did he get the deal from the Sharks?
No, it looks like the Sharks did not feel that FunCakes Rental was a “good fit” for them and declined.
Is FunCakes Rental still business?
FunCakes is still a booming business and has made its way into Hollywood. A FunCakes was featured in the film The Hangover, and they have appeared on television.
How much do fake wedding cakes cost?
Depending on the size, weight, and design of the cake, they may wind up spending between $150 and $250, with some cakes costing up to $400.
Do people have fake wedding cakes?
Yes! Many artificial wedding cakes are made with a’slice’ removed to make them appear more lifelike.
Or they’ve seen some three-tiered cakes, with the top being the only’real’ cake (the bottom two are dummies). So, sure, they can still have a wedding cake cutting ceremony.
If they want a special design, can they make it?
Send them their concept ideas, and they’ll design it, get their permission, and produce it.
If they want a really oversize cake design, is it possible?
Yes, tell them their estimated dimensions, and they’ll create it and ship it to them with installation instructions.
It may also be arranged if they want their aid with installation.
If they want to change the colour or the trim, is it a new design?
Yes, it is; it must be created from the ground up, exactly like a completely new design.
How many cake flavours do they have?
There is just one: Styrofoam! They do not supply any edible cake part; they must furnish their own.
Is the top later edible?
No, the edible cake component is buried in the bottom layer’s secret chamber.
Are their cakes kosher?
Yes, they are both kosher and rabbi approved.
How much time do they need before the wedding?
Normally, they prefer one month’s notice, but in emergencies, they have been able to supply with two days.
If the pre-designed cake is in stock, it can be shipped the following business day.
Where can they ship?
Essentially, anywhere. Outside of the United States and Canada, they can only sell owing to customs rules; renting is not an option, at least for the time being.
How is the cake shipped?
They transport all of their cakes via FedEx ground since they have proved to take excellent care of their lovely cakes.
If they are in a hurry and the cake requires Express 1, 2, or 3 day delivery to reach by a specified date, they will have to pay for the shipping increase. They provide FREE ground shipment via FedEx.
Where is FunCakes Rental located?
They are based at Grand Rapids, Michigan.
What is net worth of Kimberly Aya?
Kimberly Aya’s net worth is unavailable.