Many families have secret recipes that they pass down from generation to generation. Kim Nelson’s great aunt taught her how to make a cake that would always satisfy the palate, and she converted the recipe into Daisy Cakes, a company. Kim was able to make a deal with Barbara Corcoran who is very selective with his investments. As of 2024, Daisy Cake net worth is estimately $3 million.
About Daisy Cakes
Daisy Cakes had its start in the South, where Kim Nelson’s passion for baking had been passed down through the generations in her family.
Nelson’s grandmother and Great Aunt Daisy created cake recipes with ingredients straight from the farm, which he was exposed to as a child. Nelson continues to use those same recipes and some of the same kitchenware even as an astute adult. For instance, Nelson only makes lemon curd in her mother’s vintage enamel kettle.
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Who is Kim Nelson?
Kim Nelson was reared by a family with a rich tradition of cooking in Pauline, South Carolina.. In 1980, she attended Wofford College in Spartanburg and received a bachelor’s degree in history in 1984. Her family’s enduring heritage began with “The Southern Misses,” a group of talented bakers who were the family’s primary cooks. They used only farm-fresh ingredients for all their dishes.
At school, Daisy excelled in her studies, especially science and math. He was always looking for ways to challenge himself and went on to study at the University of California, Los Angeles. After graduating with honors, Daisy decided to follow her passion for baking and opened her own bakery.
Establishing Daisy Cakes
The Misras recorded their recipes even though they knew them off by heart so that subsequent generations may use them.Their exclusive techniques are usually passed down from grandmother to grandmother. When it was time for Kim to learn her family’s secret, she didn’t waste the opportunity.
His great aunt Daisy taught him. So, when she started her company in 2009, she called it Daisy Cakes.He reportedly started the operation after receiving a $93,000 loan from his parents. Kim makes all her cakes herself from scratch. The South Carolina native handles ingredients, cooking, packing, and marketing.
Daisy Cake Price
As of 2024, Daisy Cake is worth $3 million. In 2012, Kim Nelson appeared on the second season of Shark Tank, asking for $50,000 in exchange for 25% of her startup. Her business was by no means revolutionary, but the founder believed her cake’s taste was good enough to land a deal. The final shark was Barbara Corcoran, and she was the only one to recognize Daisy Cake’s potential.Barbara offered $50,000 for 25% equity and $1 per cake royalty. Despite paying royalties, Nelson accepted the offer.
Following on from Shark Tank
Kim sold 2,000 cakes over the weekend just one day after her show was broadcast on national television! It was beneficial to the company but harmful to his health. So, the entrepreneur changed. To scale the operation, Kim set up large bakeries in New York, Tennessee, and Georgia. This helped him earn $100,000 per month. However, the company took a $165,000 hit due to contractual issues.
Because of this, production was moved back to South Carolina. In 2019, Cake Enterprise got back on its feet and opened another facility in California. By November 2021, Daisy Cake was bringing in $4 million annually and was believed to be worth $3 million.
Is Daisy Cake Still in Business?
Nelson makes Daisy’s “Cake in a Jar” minikins for people who like a portable sweet treat on the go. She is working with Goldbelly, an online gourmet food store, to ship her cakes across the country as she expands her company.
How is Daisy Cake doing now?
Currently, Kim Nelson of Daisy Cakes sells 18,000 cakes annually. The multi-million dollar enterprise was created by Kim “Daisy” Nelson using an old family cake recipe. Her Pauline, South Carolina-based bakery, Daisy Cakes, is best known for its hand-crafted, home-baked cakes, which are distributed across the country.
Who owns Daisy Cake?
This evening, the brand-new Food Network program Chopped Sweets features Kim Nelson, owner of Daisy Cakes, which operates a bakery in Las Vegas. Each episode of the newly cut spin-off features a challenge using sweets and mystery ingredient baskets.
Conclusion
Shark Tank Really Has Success Our analysis of Daisy Cake’s net worth reveals a thriving company that makes a profit.
