Cereal Killerz Kitchen is a breakfast restaurant. Their specialty is bowls of cereals. They also sell many dishes and snacks which are made from cereals like pop tarts, waffles, candies, and cookies. Basically, it’s a retail franchise that sells snacks and treats which are based on cereals only.
They have more than 100 types of cereals. This is Southern Nevada’s first-ever cereal bar. Their mission is to create happiness one bowl at a time. They opened their first restaurant in Galleria at sunset and are now planning to open at 2 more locations.
Cereal Killerz at a glance:
- Cereal specialized breakfast restaurants in Las Vegas & The Phoenix Area.
- Founder: Christopher and Jessica Burns
- Asked for $125,000 for 10% at a $1.25 million valuation on Shark Tank.
- Received no deal.
Who are the Founders of Cereal Killerz?
Christopher and Jessica Burns is a husband-wife duo who founded Cereal Killers Kitchen in 2018. They are based in Las Vegas, Nevada. Jessica used to work in an Insurance company. But after losing her job, she decided to do what she loves. Jessica has always been passionate about cooking and wanted to start her own business.
Chris said that his daughter has down syndrome and she wants to eat cinnamon toasties every night. He used to make different variations of it so that she doesn’t get bored with eating the same food every night.
Out of their love for cooking, they opened their first restaurant at Galleria in Sunset. This became the first-ever cereal bar in southern Nevada.
How was the Cereal Killerz Shark Tank pitch?
Chris and Jessica appeared in season 12 of Shark Tank. they were seeking $125,000 for 10% equity. The sharks loved the idea.
Lori said that she liked the idea but she has already invested in a similar company so she is out. Robert said that the concept is nice but it is too risky for him. So he is out too. Mark and Daymond John did not want to invest in this company so they both decided not to take this deal further. That’s why they have to leave the show without any deal.
What happened to Cereal Killerz after Shark Tank?
The founders opened their first store in 2019 at Galleria in Sunset. Since then they have opened 2 more branches of the restaurant. Even in times of pandemic, their business is going pretty well. Their new stores were able to turn in profit in just 7 weeks.
Cereal Killerz Kitchen sells 100+ types of cereals. They also sell snacks, cookies, cupcakes, waffles, and treats made of cereals. They have recently started selling coffees, teas, icecreams, and cereal tacos.
These snacks are available in their stores. They have recently opened two more shops in Las Vegas & The Phoenix Area. Cereal Killerz Kitchen has become Southern Nevada’s first-ever cereal bar.
What’s the Valuation of the Cereal Killerz?
As of 2020, Cereal Killerz Kitchen values over $1,250,000. The founders plan to invest their personal money which is about $40,000 to $50,000 for expansion. They have opened 2 more stores in Las Vegas and each one costs about $25,000 to start.
Investor details
Cereal Killerz Kitchen went to Shark Tank seeking an investment of $125,000 but they failed to make deal with any of the investors. The founders are planning to invest their personal money for expansion which is about $40,000 to $50,000.
Competitor analysis:
Kellogg’s
Kellogg’s is an American food manufacturing company. Their cereals are sold all over the world and are really famous. It can be said that Kellogg’s is the world’s biggest cereal and food company. Their sales are $3.5 billion in 2019.
Is the company profitable?
In October 2020, they closed their restaurant from its original location. But they are planning to open 2 restaurants in different locations. On October 30, 2020, they opened their second store on Vegas Strip.
The couple in a Facebook post wrote that they are really thankful for the response they have been receiving. And even in the times of COVID, they have new stores opening soon. And their new store turned in the profit in just 7 weeks.
Interesting Facts
- Chris and Jessica’s daughter used to ask for cinnamon toasties for dinner every night. They used to give her variations of it so she doesn’t get bored with the same food. This inspired them to start their own business.
- Even though Cereal Killers Kitchen had to leave Shark Tank without a deal, they are doing very well and their business is expanding.
- Even in times of pandemic, their business was booming, they opened 2 new stores in Las Vegas in October 2020.
Do Share Your Thoughts
Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.
Also, do check the useful Startup Resources and Tools below and do join our newsletter 📰 for free for more interesting Business Case Studies 💰, Startup knowledge 🚀, and Startup founders podcast 🎙️ delivered to your inbox every Sunday morning.
Related Articles:
- Root Suit: What Happened After Shark Tank?
- Boot Illusion: What Happened After Shark Tank?
- Plop Star: What Happened After Shark Tank?
- Cookie Kahuna: What Happened After Shark Tank?
- How Shark Tank’s FinalStraw works?
- How does Shark Tank’s BoxLock works?
- How does Shark Tank’s Boxlock work?
- Thin Gloss: What Happened After Shark Tank?
What is Cereal Killers Kitchen?
Cereal Killerz Kitchen is a breakfast restaurant. Their specialty is bowls of cereals. They also sell many dishes and snacks which are made from cereals like pop tarts, waffles, candies, and cookies. Basically, it’s a retail franchise that sells snacks and treats which are based on cereals only.
Who Founded Cereal Killers Kitchen?
Christopher and Jessica Burns is a husband-wife duo who founded Cereal Killers Kitchen in 2018. They are based in Las Vegas, Nevada.
Best Shark tank analysis on this website.
Thanks for the pleasant read!