I Included Franchisee Bakeries Average Net Revenues And Growth In Average Net Revenues During The Measurement Period
- Net Revenues includes all revenues generated from all business conducted at or from a Bakery during the Measurement Period, including amounts received from the sale, shipping, and delivery of food items, amounts received through the E-Commerce program and from gift card sales, and other products and services, merchandise, and tangible property of any nature whatsoever, whether in cash or for credit, and whether collected or uncollected.
- Net Revenues does not include the amount of any applicable sales tax imposed by any federal, state, municipal, or other governmental authority if such taxes are stated separately when the Guest is charged and franchisee pays such amounts, as and when due, to the appropriate taxing authority.
- Also excluded from Net Revenues are the amount of any documented refunds, chargebacks, credits, and allowances given to Guests in good faith pursuant to Nothing Bundt Cakes standard procedures for issuing such refunds.
- The Average Net Revenues for the Included Franchisee Bakeries were calculated by taking the sum of the Included Franchisee Bakeries Net Revenues and dividing it by the total number of Included Franchisee Bakeries.
- The Percentage Growth in Average Net Revenues was calculated by taking the difference between the Average Net Revenues achieved by the Included Franchisee Bakeries in 2017 and 2016, and dividing it by the Average Net Revenues achieved by the Included Franchisee Bakeries in 2016.
Included Franchisee Bakeries
Helping Bakery Owners Delight Customers With Tasty Treats
A legendary bakery franchise, Nothing Bundt Cakes, delights with customers with remarkable customer service using Nextiva Business Communications Suite.
In 1997, friends Dena Tripp and Debbie Shwetz joined their kitchens with a simple mission in mind to create delicious cakes using real, high quality ingredients for family and friends. They knew that by working together, they could turn their warmth, wisdom, and home-kitchen roots into delicious treats to mark important moments in the lives of the people they loved most.
More than two decades later, the partnership has blossomed into a beloved, nationally-recognized dessert brand.
With headquarters in Addison, Texas, Nothing Bundt Cakes has grown to encompass over 270 franchises nationwide, each one managed with care to carry out the companys original commitment to warmth, hospitality, and, of course, delicious cakes for any occasion.
Our bakery owners are busy and dont have the time to dedicate to learning complicated systems. They rely on tech support for proper configuration. Therefore, the interface and the Nextiva Support team were a big selling point.
Private Equity Firm Acquires Nothing Bundt Cakes
ATLANTA Roark Capital, an Atlantabased private equity firm with $25 billion in assets under management, has acquired Nothing Bundt Cakes from Levine Leichtman Capital Partners, a Los Angeles-based private equity firm. Financial terms of the transaction were not disclosed.
Founded in 1997 and based in Addison, Texas, Nothing Bundt Cakes is a franchisor of gourmet bakeries offering specialty Bundt cakes and related merchandise items in more than 390 locations in the United States and Canada. The companys products are hand-crafted and baked on-site with ingredients and proprietary formulations distributed by its in-house distribution operation.
Roark is a best-in-class partner that shares our values of transparency and excellence and has deep expertise with its incredible portfolio of brands, said Kyle Smith, chief executive officer of Nothing Bundt Cakes. We look forward to working with them to enhance support for our bakery owners and continue growing our system while maintaining the joy-giving experience our brand has offered guests for nearly 25 years.
Clay Harmon, managing director at Roark, said, Nothing Bundt Cakes is a special brand with delicious products that are beloved by guests. We have great admiration for what Kyle and his team have accomplished and are excited to partner with them.
Levine Leichtman Capital Partners acquired Nothing Bundt Cakes in the fall of 2016.
Don’t Miss: Where Can I Buy A Hennessy Cake
Nothing Bundt Cakes Opening New Spot On 4th Street
Nothing Bundt Cakes is one of the most popular spots for sweets in the Tampa Bay region and its opening a new location in St. Petersburg at 2458 4th Street North. The bakery will celebrate its Grand Opening on December 4 from 9am-7pm.
20% of their sales from December 4 will benefit the Johns Hopkins All Childrens Hospital Institute for Brain Protection Sciences.
Guests can enjoy bite-sized bundtinis, custom tiered bundt cakes, bundtlet towers and more. Guests can choose from a variety of flavors including red velvet, pecan praline marble, white chocolate raspberry, and chocolate chocolate chip.
Nothing Bundt Cakes Gets New Owner
Related tags:, , , divestment
Nothing Bundt Cakes is a franchisor and operator of almost 400 gourmet bakeries across the US and Canada, specialising in Bundt cakes and retail gift items. Products are handcrafted and baked on-site daily using ingredients and proprietary formulations distributed by its in-house facilities.
The company was founded in 1997 and is headquartered in Addison, Texas.
Kyle Smith and the entire Nothing Bundt Cakes team have built a truly unique business that is positioned for continued growth, with an incredible culture built around great people, said Matthew Frankel, managing partner of Levin Leichtman Capital Partners .
The Nothing Bundt Cakes investment has been very successful for LLCP, with exceptional same-store sales growth and robust franchise development. This was driven by the efforts of the companys management team along with value creation initiatives, including technological enhancements, menu innovation, supply chain improvements, and the introduction of corporate stores through both strategic M& A and de novo openings.
We are grateful for everything the management team and founder, Dena Tripp, have done to create value for its shareholders, bakery owners, and guests. We wish the team all the best in their next chapter.
Also Check: Who Has The Best Ice Cream Cakes
Experience Consistency And Customizable Features
We have a very lean IT team here at our support office, so its challenging to manage any type of changes or configurations.
I was looking for a provider with knowledgeable customer support that could implement the basic system consistently each time we open a new bakery location, while also supporting franchisees who want to customize features.
Torregrossa also said he knew he wanted to use a VoIP-based provider.
The driving factor to go out and look for a new phone system was the quality. The capabilities you get with VoIP is far superior to traditional telephone lines, Torregrossa said.
Nothing Bundt Cakes learned about Nextiva from their Channel Partner, TRCA, an Intelisys subagent, who connected them with a Nextiva sales representative.
After going through a demo, the Nextiva sales representative was able to show us the back-end configuration. It looked user-friendly, which was important, Torregrossa explained.
Our bakery owners are busy and dont have the time to dedicate to learning complicated systems. They rely on tech support for proper configuration.
Therefore, the interface and the Nextiva Support team were a big selling point.
Before making the switch, Torregrossa thoroughly vetted the system to figure out how it would work in practice, and how they could scale it efficiently to both the headquarters and franchise locations.
After the analysis, Nothing Bundt Cakes decided to make Nextiva their preferred phone vendor.
Section V Financial Performance Representations And Analysis
- This Item sets forth historical net revenue and cost information for Nothing Bundt Cakes company-owned, founder-operated, and franchised Bakeries which was provided to the franchisor by its founder and franchisees.
- As of December 31, 2017, Nothing Bundt Cakes had 234 franchised Bakeries and 6 company-owned Bakeries open and operating in the United States.
- Part I of this Item sets forth the net revenues of 146 franchised Bakeries . The Measurement Period in Part 1 is January 1, 2016 to December 31, 2017 for all 146 Included Franchisee Bakeries. All of these 146 Bakeries have been operating for at least 24 months as of December 31, 2017. Nothing Bundt Cakes has excluded from Part I net revenue information of the 88 remaining Franchisee Bakeries because these Bakeries were not open and operating for the entire Measurement Period.
- Part II of this Item sets forth Average Net Revenues, Average Cost of Goods Sold, Average Gross Profit, Average Payroll Costs, Average Occupancy Expenses, Average Advertising Expenses, Average Other Expenses, Average Interest Expenses, Average Depreciation and Amortization Expenses, Average Net Income, and Average EBITDA achieved by 141 of the Included Franchisee Bakeries from January 1, 2017 through December 31, 2017, which is the Measurement Period in Part II.
Read Also: 9×13 Stainless Steel Cake Pan With Lid
Features Designed With You In Mind
Torregrossa stated that overall, Nextivas technology has transformed communication between their corporate office and franchise bakeries.
Keeping in touch with colleagues and guests have become much simpler.
Theres Voicemail to Email, so youre notified if youre not at your desk, and having the ability to ring your cell phone is convenient and helpful to stay available, Torregrossa said.
In bakeries, call quality is a big feature. To be able to ensure order accuracy and hear what the guest wants without making them repeat information is the kind of efficiency and experience we want.
I would stress the importance of having that support team behind you. I think thats invaluable for our bakery owners to pick up the phone and get in touch with someone at support. I would also tell them about my positive experiences with Nextiva so far.
Torregrossa has had positive interactions with Nextiva Account and Channel Managers, Support, and Implementation.
Working with our Account Manager to help support the system has been great, and anytime Ive called Support, Ive gotten answers, what the next steps are, or how to do something.
The constant communication between all departments is really top-notch, keeping the end-user in the loop.
Roark Capital Purchases Nothing Bundt Cakes
Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, announced today that it has sold its portfolio company NBC Holdings, LLC to Roark Capital.
Nothing Bundt Cakes is the market-leading franchisor and operator of gourmet bakeries offering specialty Bundt cakes and retail gift items. The Company’s products are handcrafted and baked on-site daily with high quality ingredients and proprietary formulations distributed by its in-house facilities. Nothing Bundt Cakes currently has nearly 400 locations in the U.S. and Canada. The Company was founded in 1997 and is headquartered in Addison, Texas.
Matthew Frankel, Managing Partner of LLCP, says, “Kyle Smith and the entire Nothing Bundt Cakes team have built a truly unique business that is positioned for continued growth, with an incredible culture built around great people. The Nothing Bundt Cakes investment has been very successful for LLCP, with exceptional same-store sales growth and robust franchise development. This was driven by the efforts of the Company’s management team along with value creation initiatives, including technological enhancements, menu innovation, supply chain improvements, and the introduction of corporate stores through both strategic M& A and de novo openings. We are grateful for everything the management team and founder, Dena Tripp, have done to create value for its shareholders, bakery owners, and guests. We wish the team all the best in their next chapter.”
You May Like: Healthy Cake Recipes For Cancer Patients
Nothing Bundt Cakes Delivery : Areas Hours Fees
Nothing Bundt Cakes delivery was founded by Debbie Shwetz and Dena Trip. In 1997, the two women started baking Bundt cakes together for their families and friends. Their cakes proved wildly popular, and Shwetz and Tripp thus realized there was enough demand for homemade Bundt cakes made from real eggs, cream cheese, butter and other tasty ingredients. A year later, they opened their first bakery in Las Vegas.
Meet Felipe Valdez And Nothing Bundt Cakesthese Bundts Are A Real Home Run
Nothing Bundt Cakes, located in the Cranberry Shoppes, 20215 Route 19, Suite 106, specializes in made-to-order cakes baked in house with 40 unique designs, 10 flavors and 4 sizes.
The Cranberry location is operated by Jessica and Felipe Valdez and has served as a homecoming of sorts for Jessica, a Harmony native.
This is part of the homecoming that Jessica and I have been building for years, Felipe said. We are excited about raising our daughters in this wholesome environment and creating a legacy for them.
How did the idea to open this location come about?
We first tried Nothing Bundt Cakes in 2014 when we lived in Illinois. We immediately fell in love with the cakes because they were just so good. Our love for the cakes and our desire to open a business for ourselves led to opening the store in Cranberry – it was many years in the making.
What do you offer thats unique in Cranberry Township?
We offer high-quality cakes with trademarked frosting designs at an affordable price. Beyond the uniqueness of the flavor and size combinations, there are packaging and decoration options well-matched for just about any celebration imaginable. We also offer comfort and convenience with our curbside and delivery options.
What has the reaction been since opening?
What types of events and celebrations can cakes be created for? How much lead time is needed to place an order for an event?
For more information,
2525 Rochester Road Suite 400 Cranberry Township, PA 16066-6499
Also Check: Where Can I Get A Birthday Cake For A Dog
A System That Fits Your Schedule
They could now easily adjust their schedules when needed, such as during the busy holiday season.
Scheduling is one of the biggest features we rely on because we dont want a guest waiting for an answer while no one is in the bakery, Torregrossa said.
Another aspect of their experience that the company is highly satisfied with is Nextivas device rental program.
The price point really drove that decision, because it was hard to beat, Torregrossa said.
Having a device that is under maintenance was a no-brainer for me since it would have taken a few years to break even otherwise. Its been great: the devices are versatile, and we utilize all our current phones on power-over-ethernet at the corporate office. They were easy to plug and play and its been a good decision.
Additional Information About Nothing Bundt Cakes Delivery Services
Nothing Bundt Cakes offers cakes in several different sizes. The full-sized cakes can be eight or ten inches. Bundtlets are about the size of cupcakes, and bundtinis are bite-sized. The bakery also makes tiered cakes in which an 8 cake is stacked on top of a 10 cake.
Bundtlets can be sold in a tower with two or three cakes stacked on each other, and the bundtinis are only sold by the dozen. Also, tiered cakes can serve 26 to 30 people. The cakes come with a thick frosting in a petal-like design. Moreover, these cakes can be decorated to celebrate such occasions like birthdays, Christmas or baby showers.
The cakes come in the following flavors:
- White Chocolate Raspberry.
- Chocolate Chocolate Chip.
Ordering a cake is a simple matter of using their websites Find a Bakery to locate the nearest bakery. Then, you must click on the Order for Delivery button and follow the instructions.
Don’t Miss: Calphalon 8 Inch Round Cake Pan