Nothing Bundt Cakes Franchise Fee Revenue And Profit Margin
Is Nothing Bundt Cakes a franchise? Founded by the duo of Dena Tripp and Debbie Shwetz in 1997, Nothing Bundt Cakes has maintained a steady growth over the years into what it currently is today.
This article will provide the reader with all the basic information he/she needs to know about the Nothing Bundt Cakes franchise.
These would include the financial requirements, the advantages, how to apply, and more.
Background Information
With over 240 units/locations spread across the United States, Nothing Bundt Cakes franchise specializes in making a variety of Bundt cakes.
Some of these variants include the 8 Bundt Cakes, Tiered Bundt Cakes, Bundtlets, Bundtlet Towers, and Bundtinis.
At Nothing Bundt Cake franchise bakeries, exciting gifts are offered. These include cake utensils, serving platters, greeting cards, and candles among others.
Financial Requirements
If you wish to own a Nothing Bundt franchise, you will have to fulfil all of its financial requirements. These include the Initial investment that ranges from $392,875 to $545,475, a net-worth requirement of $600,000 and the initial franchise fee starting from $30,000.
Franchisees are also required to pay an ongoing royalty fee of 5% and an ad royalty fee of 4%.
Other Important Fees
There are several other franchise fees you need to pay. These are contained within items 5 and 6 of its Financial Disclosure Document . Below are details of some of these fees
- Additional Locations
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.
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Contents
Nothing Bundt Cakes
Nothing Bundt Cakes started out when a couple of friends started baking Bundt cakes for friends and family with only the freshest ingredients. The concept quickly caught on as a viable business concept worthy of franchising. The key here is that the chain is filling a unique niche and offering a luxury product at an affordable price tag.
Many are surprised this is a franchise because of the mom and pop feel with personalized service established at each location. On the menu of this company are 8-inch Bundt cakes, 10-inch Bundt cakes, tiered Bundt cakes, miniature Bundtlets, Bundtlet towers, and bite-sized Bundtins in nine signature flavors, along with the occasional new flavor.
Nothing Bundt Cakes are made fresh every day with the best ingredients to make for a delicious, deluxe dessert experience. The cakes retail in single serving sizes , as well as larger cakes designed to cater to birthday and anniversary parties.
Large custom orders are also accommodated. Nothing Bundt Cakess flavors include Red Velvet, Carrot, Lemon, Chocolate Chocolate Chip, White White Chocolate, Cinnamon Swirl, White Chocolate Raspberry, Pecan Praline, Marble, and a special flavor of the month.
Financial Requirements
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Roark Capital Acquires Nothing Bundt Cakes
Roark Capital is making another sweet deal. This time, the sprawling private equity firm acquired Nothing Bundt Cakes, its 29th restaurant acquisition and its 92nd franchise or multi-location brand investment.
Terms of the deal were not disclosed, but anonymous chatter in the deal community says the company outbid other investors by a wide margin. Rumor has it, the price was more than 20 times earnings. While it’s impossible to measure the price compared to other potential buyers, that does match Roark’s willingness to pay a premium for brands that fit its investment thesis. It did the same with Dunkin’ Brands, in October 2020, paying $11.3 billion, a 20 percent premium compared to the latest share price for the company.
Inspire Brands CFO David Pipes explained the premium for Dunkin’ as a smart investment for the overall Inspire Group, which Roark formed in 2018.
“There are a lot of things we benefit from” beyond the magnitude of the sales. “They provide things we weren’t necessarily the best at before. Think of things like the international side. Before, Inspire Brands was 2 percent international, but with Dunkin, it takes us to 29 percent,” Pipes told Franchise Times’ Beth Ewen after the sale. “It opens the door for further expansion internationally, but not just of Dunkin’ and Baskin-Robbins, but they clearly have the better infrastructure.”
CEO Kyle Smith said he’s happy to be in the mix with Roark and its other leading brands.
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Nothing Bundt Cakes Franchise Cost Recoup Fast With A 20%+ Profit Margin
Free Download Our Exclusive Food and Beverage Industry Guide
Nothing Bundt Cakes franchise specializes in the sale and delivery of specialty bundt cakes and also sells other food items and retail merchandise. They offer a variety of cake flavors, with red velvet, chocolate chocolate chip, and white chocolate raspberry among their most popular. Nothing Bundt Cakes also makes cakes for holidays, birthdays, weddings, and other special occasions.
Nothing Bundt Cakes was started in 1997 when Dena Tripp and Debbie Shwetz joined forces to make cakes for their friends and family. Their friends and family kept asking for more and more cakes, and they soon realized that they could make a business out of it. In the years since Nothing Bundt Cakes has grown nationwide.
The current CEO is Kyle Smith, who has been in this role since 2017. Previously, he has served as President and as Chief Operating Officer for the company.
As of the end of 2020, Nothing Bundt Cakes operated 362 franchised units and 14 corporate unitsBusinesses in different locations owned by a larger parent company.
Contact Us Today For A Due Diligence On All Current And Past Sba Loans Issued To Nothing Bundt Cakes
As part of our due diligence process for franchises, we review the SBA loan success ratio. This is a fundamental indicator for measuring past success for a given franchise brand. We review SBA loan data for the past 30 years . If you engage our services, we will vet Nothing Bundt Cakes for items that influence the business success should you decide to buy a Nothing Bundt Cakes franchise. The SBA loan success ratio is an important factor we consider along with other items included on our franchise search & due diligence page.
Contact us today
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Nothing Bundt Cakes Franchise Cost
The estimated total investment necessary to begin the operation of a Nothing Bundt Cakes Franchise ranges from $440,800 to $636,500. This is more expensive than the cost of opening a Gigis Cupcakes franchise and can be more expensive than opening a Golden Krust franchise .
The following costs are part of the upfront costs included in the initial investment for a Nothing Bundt Cakes franchise.
Many of these are one-time fees that are needed to launch the franchise.
Review the chart below to see how much it costs to buy a Nothing Bundt Cakes franchise in 2021.
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Never Sacrifice Your Top Priorities
As a franchise built on open, honest collaboration that strives to maintain the companys neighborly roots, effective communication is a top priority for Nothing Bundt Cakes.
Thats why the companys IT manager, Vinny Torregrossa, began looking for a new telecom provider in December 2017.
At the time, Nothing Bundt Cakes headquarters had VoIP service while the franchise locations ran on traditional telephone service.
Torregrossa said that he knew the company needed better integration with the locations, as well as more robust levels of support and quality from their providers.
The Popular Bakery Chain Moved Its Corporate Headquarters To North Texas In 2015
8:15 PM on May 15, 2021 CDT
Addison-based gourmet bakery chain Nothing Bundt Cakes is being sold to an Atlanta firm making its 29th food industry investment.
Levine Leichtman Capital Partners, the Los Angeles-based private equity firm that owned the popular bakery, reached the deal Friday with Roark Capital. Terms werent disclosed.
Nothing Bundt Cakes becomes Roarks 92nd franchise or multi-location brand. The investment firms current portfolio includes Arbys, Baskin Robbins, Culvers, Frisco-based Jamba, Dallas-born Rusty Taco, Sonic and the Cheesecake Factory.
Founded in 1997 in Las Vegas by friends Dena Tripp and Debbie Schwartz, Nothing Bundt Cakes moved its corporate headquarters to North Texas in 2015 and has since grown to 390 locations in the U.S. and Canada. Its known for baking its bundt cakes on-site daily.
Kyle Smith, a former executive at Coppell-based CiCis Pizza, has led Nothing Bundt Cakes as its president or chief executive officer since 2012.
Kyle Smith and the entire Nothing Bundt Cakes team have built a truly unique business that is positioned for continued growth, said Levine Leichtman managing partner Matthew Frankel in a statement. The Nothing Bundt Cakes investment has been very successful for , with exceptional same-store sales growth and robust franchise development.
The chain is primarily franchised. An investment of $430,200 to $624,300 is necessary to open a Nothing Bundt Cakes store, according to its website.
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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.
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
Vinny Torregrossa, IT Manager
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.
When asked what advice he would give to other businesses who are considering the switch to VoIP and choosing Nextiva as their provider, Torregrossa stated, 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.
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