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 Shark Tank Updates
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. The company appeared on Shark Tank and was valued at $1.14 million.
FunCakes Rental offers seven different three-tiered cakes for $199 each. The company has been in business for 15 years and has been featured in Hollywood movies, nationwide TV, and commercials.
Due to Covid, FunCakes Rental no longer rents cakes but sells them outright instead. The cakes are no longer rented but are yours to keep.
The company has switched from cake rentals to a different business model, selling the cakes outright instead. Customers can view and purchase their fake cakes on the FunCakes company website.
FunCakes Rental has been successful in its niche by focusing on creating delicious and attractive cakes using only natural ingredients. The company has managed to differentiate itself from competitors and create a unique market position for its products.
FunCakes Rental also provides cakes for numerous corporate events, including those hosted by prestigious brands like Budweiser and Calvin Klein.
The sales and popularity of FunCakes Rental skyrocketed after its appearance on Shark Tank. As of 2023, the company’s net worth is $1 million, and it generates $1.1 million in annual income.
The Table Below Summarizes Information About FunCakes Rental
|Grand Rapids, Michigan
|Offers rental cakes made of styrofoam and fondant icing
|Shark Tank Valuation
|$1.14 million (for a 25% stake)
|Current Net Worth
|$1 million (as of 2023)
|Seven different three-tiered cakes for $199 each
|Sells cakes outright instead of renting
|Jewel Osco, SpartanNash, Budweiser, Calvin Klein
|FunCakes Rental Updates
|No longer rents cakes due to Covid switched to selling cakes outright
|FunCakes Rental FAQS
|Offers rental cakes for weddings and parties at an affordable price only does a real cake if requested
FunCakes Rental FAQS
What Is Funcakes Rental, Founder, And How It Work?
FunCakes Rental is a company that offers rental cakes for weddings and parties at an affordable price. Kimberly Aya is the founder of FunCakes Rental, which was opened in 2007 at the request of brides from a local bridal show.
The company creates fake tiered cakes made of styrofoam layers covered in fondant icing, designed to resemble real wedding cakes.
These cakes are easy to transport to the wedding venue and are a more affordable option for couples. FunCakes Rental has been in business for over 14 years and has an annual revenue of $1.1 million.
FunCakes Rental offers seven different three-tiered cakes for $199 each. The company rents the cake stand and faux cake only, and only does a real cake if requested.
Real cake goes in the back of the display, and brides pick up a cake locally that matches their FunCakes creation. Using FunCakes saves people up to 75% over having a huge, real cake.
FunCakes Rental has appeared on The Today Show, GMA, The Early Show, Regis & Kelly, Rachael Ray, CNN Successful Small Business, and hundreds of radio interviews and print.
The company made the cake for the first Hangover Movie, Martha Stewart at Macy’s, MAC Cosmetic line of “Baking Beauties”, Drop Dead Diva, Opening of “Breaking Dawn” with Fandango, Budweiser, Calvin Klein, and TLC, among others.
What Happened To Funcakes Rental After Shark Tank?
FunCakes Rental is a company based in Grand Rapids, Michigan that rents fake cakes to customers for weddings and other events. The outside of the cake is covered with real fondant, but the inside is made of Styrofoam.
There is a section in the back of the cake where real cake is placed, which is an inexpensive sheet cake. The company was founded in 2007 by Kimberly Aya, a baker who used to operate a bakery in Europe before returning to Michigan.
Kimberly Aya pitched FunCakes Rental on Shark Tank in October 2014, seeking an investment of $285,000 in exchange for 25% equity, which valued the business at $1.14 million. However, none of the Sharks chose to invest in the company.
Despite this setback, FunCakes Rental is still a booming business and has made its way into Hollywood. As of 2023, the company’s net worth is $1 million. In 2016, FunCakes Rental secured an agreement with Michigan-based retailer SpartanNash, which operates over 160 stores in nine states.
Four years after appearing on Shark Tank, FunCakes Rental celebrated its 10th anniversary and announced that FunCakes are available for purchase on Amazon. There are seven different 3-tier cakes to choose from, and they are selling for $199.
How Much Was Funcakes Rental Seeking In The Shark Tank?
Fun Cakes Rental, a cake rental business, appeared on Shark Tank seeking $285,000 for 25% of their business. The episode aired on October 10, 2014, during season 6 of the show.
The mother and son duo, Kimberly and Koray Aya, called their faux cakes the future of wedding cakes and had done $150,000 in sales in the current year. However, none of the Sharks made a deal with them, and they left the show without an investment.
Four years after appearing on Shark Tank, FunCakes is still in business and selling their products on Amazon. They celebrated their 10th anniversary in 2017 and offer seven different 3-tier cakes for purchase, selling for $199 each.
The cakes are made of Styrofoam on the inside and covered with real fondant on the outside. There is a section in the back of the cake where real cake can be placed, but it is not necessary.
Did Funcakes Rental Get The Deal From The Sharks?
No, FunCakes Rental did not get a deal from the Sharks on Shark Tank. Kimberly and Koray Aya, the founders of FunCakes Rental, appeared on Shark Tank seeking an investment of $285,000 in exchange for a 25% stake in their business.
However, none of the Sharks chose to invest in FunCakes Rental. Despite not securing a deal on the show, FunCakes Rental continued to grow its brand and generate revenue. In fact, the sales and popularity of FunCakes Rental skyrocketed after its appearance on Shark Tank, generating $1.1 million in annual income.
As of 2023, FunCakes Rental is still in business and has made its mark in the wedding industry by offering rental cakes for weddings and other events.
What Is The Current Valuation Of Funcakes Rental?
As of 2023, FunCakes Rental has a net worth of $1 million. The company appeared on Shark Tank in 2014 and was valued at $1.14 million. FunCakes Rental offers rental cakes for weddings and other events.
These cakes are made of styrofoam layers covered in fondant icing and are designed to resemble real wedding cakes. They are a more affordable option for couples and are easy to transport to the wedding venue.
FunCakes Rental has experienced tremendous growth and success since appearing on Shark Tank.
They have secured additional funding and partnerships, leading to an estimated net worth of $1 million. The company generates $1.1 million in annual income and is in its 14th year of operation in 2023.
They also provide cakes for numerous corporate events, including those hosted by prestigious brands like Budweiser and Calvin Klein. FunCakes Rental’s founders, Kimberly Aya, have a net worth of $1 million as of 2023.
Is Funcakes Rental Still Business?
Yes, FunCakes Rental is still in business. FunCakes Rental was founded in 2007 and has been seen on nationwide TV, movies, commercials, and now weddings.
The company rents fake cakes to customers, which are covered with real fondant on the outside and have Styrofoam on the inside. There is a section in the back of a FunCake where real cake is hidden and can be cut and served to party guests.
The company was featured on Shark Tank in 2014, where the founder, Kimberly Aya, pitched her business but left empty-handed.
Despite the setback, FunCakes carried on and switched from cake rentals to a different business model during the COVID-19 pandemic, selling the cakes outright instead.
FunCakes overcame the pandemic by allowing customers to keep the cakes they ordered, which likely led to higher overheads and more time spent making the cakes.
The company has a large following of thousands of users on its Facebook and Instagram accounts and has stocked its designs in stores operated by SpartanNash. FunCakes celebrated its 10th anniversary in 2017 and is still going strong.
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 color 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 flavors do they have?
There is just one: Styrofoam! They do not supply any edible cake parts; 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 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 proven 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 shipping via FedEx.
Where is FunCakes Rental located?
They are based in Grand Rapids, Michigan.
What is the net worth of Kimberly Aya?
Kimberly Aya’s net worth is unavailable.