Crispy Cones Opens Denver Store After $200K Shark Tank Deal

Crispy Cones, the ice cream franchise that landed a “Shark Tank” investment from Barbara Corcoran, is opening a Denver location at 3000 W. 23rd St. Franchisees Abu and Sharmeen Parvez bought the building at Federal and 23rd for $400,000 a year ago, according to city filings.

Founder Jeremy Carlson started the business in 2018 from a tent in Idaho, selling $21,000 in four months. He moved to a trailer and hit $70,000 the next year. Revenue rose to $80,000 in 2020 and $207,000 in 2021. Carlson projected $500,000 for 2022 after adding a second store.

The growth convinced Corcoran to invest $200,000 for a 20% stake, more equity than the 10% Carlson initially offered. The company has since expanded through franchising, with dozens of locations across 18 states, per its website.

The Denver store will be the second in Colorado. The first outpost opened in Centennial earlier this year.