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Preheat oven to 350°F.
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To prepare caramel sauce, bring to a boil sugar and water in a saucepan over high heat, stir once to incorporate sugar. Once sugar water mixture boils, reduce heat and allow to cook for five minutes or until syrup turns to a caramel color.
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Carefully pour caramel into an 8-inch round cake pan swirling pan to coat with caramel sauce. Place cake pan into a larger roasting pan.
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To prepare flan, to a blender add sweetened condensed milk, heavy cream, eggs, espresso, vanilla, cinnamon, and salt.
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Blend until smooth. Pour flan mixture into caramel prepared cake pan. Place roasting pan with cake pan into oven, carefully fill pan halfway with warm water to create a water bath for the flan.
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Bake for 1 hour, or until toothpick inserted into center comes out clean. Carefully remove roasting pan from oven, remove cake pan from roasting pan and allow to cool for at least 30 minutes.
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After 30 minutes, cover with plastic film and place in fridge to chill for at least 3 hours or overnight.
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When ready to serve, carefully run a sharp knife around cake pan to loosen flan, place a larger plate over cake pan and flip over to release flan.
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Optional: Serve garnished espresso powder and cinnamon sticks.