Detailed Information On Nothing Bundt Cakes Initial Franchise Fee Royalty Fee + 39 Other Fees
1. Initial Franchise Fee: $35,000
- You must pay Nothing Bundt Cakes an initial franchise fee of $35,000 when you sign a Franchise Agreement . The Franchise Fee is payable in full and deemed fully earned and non-refundable upon payment.
- Except as provided in this Item, the Franchise Fee is uniform to all franchisees in the System.
- Nothing Bundt Cakes does not offer financing for the Franchise Fee.
2. Additional Locations for Existing Franchisees: $30,000
- If you are an existing franchise owner and wish to acquire a franchise for another territory, and if you are qualified to purchase an additional franchise, Nothing Bundt Cakes will reduce the initial franchise fee to $30,000, which is payable in full upon executing an additional franchise agreement and deemed fully earned and nonrefundable upon payment.
3. Area Development Fee: $35,000 for your first Bakery, plus $30,000 for each additional Bakery developed under the Area Development Agreement
- In addition to Nothing Bundt Cakes single unit offering, it grants qualified individuals the right to own and operate multiple Bakeries in a designated territory through an Area Development Agreement.
- The area development fee is $35,000 for your first Bakery, plus $30,000 for each additional Bakery developed under the Area Development Agreement.
- Nothing Bundt Cakes will not charge an initial franchise fee for Bakeries developed under the Area Development Agreement.
4. Initial Purchases: $16,034
- Due Date: Must be spent monthly.
How Much Does A General Manager Make At Nothing Bundt Cakes In The United States
Average Nothing Bundt Cakes General Manager yearly pay in the United States is approximately $41,337, which is 26% below the national average.
Please note that all salary figures are approximations based upon third party submissions to Indeed. These figures are given to the Indeed users for the purpose of generalized comparison only. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures.
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.
Nothing Bundt Cakes Serves Up Nothing Bundt Quality Ingredients
According to Food and Drink International, Nothing Bundt Cakes is dedicated to using quality ingredients, so rest assured that youll never find preservatives or additives in any of their desserts. Only real eggs, fresh butter, and real cream cheese make the cut, resulting in a cake that tastes just like home. Nothing Bundt Cakes are baked fresh on-site, daily. And while the dry ingredients are shipped from corporate, all of the dairy and eggs are purchased locally, per Munchie Musings.
Theres such a focus on flavor, in fact, that founders Dena Tripp and Debbie Shwetz tested over 100 varieties of vanilla before landing on the perfect organic one they currently use. Each cake is outrageously moist and will stay fresh in your refrigerator for up to five days. Want to buy one in advance of a big party? No problem, they freeze beautifully! Just be sure to thaw at room temperature a few hours before serving. For comprehensive instructions on storing and serving your Nothing Bundt Cake, check out their website.
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They’re Earning Nothing Bundt Rave Reviews
With hundreds of locations nationwide, Nothing Bundt Cakes has captured the hearts and appetites of people from all corners of the country. The bakery chain earns glowing praise across multiple websites including Yelp apparently people just can’t get enough of that magnificently moist, cream cheesy goodness.
One TripAdvisor user titles their review: “I Have No Words” and goes on to write , “I don’t like cake, honestly, but I LOVE these Bundt cakes. They are quite possibly the most delicious dessert I have ever eaten! They have new flavors regularly and have different sizes to fit all needs!” Another user gushes, “This is one of the best baked goods on earth in my book. I had a sample at a show in another town and was so excited to see a store in Cary on my visit. I had a lemon Bundlet, and it was perfection.”
Nothing Bundt Cakes Uses Sba Loan And Resource Partner To Open Bakery Business
It all started when Yomi and Beth Adejokun decided to stop at a bakery in San Antonio called Nothing Bundt Cakes to celebrate Yomis birthday. Yomi was never a huge cake enthusiast, but after some persistence from his wife to try the cake, Yomi was a changed man. He enjoyed the cake so much that he started to visit the bakery five to six times a month.
It wasnt until the owner told me that I visited the bakery more times in one month than most people visit in a year that I decided I should open my own franchise, said Adejokun.
Nothing Bundt Cakes is a bakery and gift shop franchise that specializes in creating custom bundt cakes for any occasion. Customers can choose from 10 different cake flavors, 40 unique cake designs, and a variety of gifts and cards to brighten anyones day.
We like to be the centerpiece of every celebration, said Adejokun. Whether it is for a birthday, baby shower, or any special holiday, we can provide a great tasting cake that is sure to please everyone.
I just really want to thank the SBDC for the level of support and encouragement that they gave me. It helped tremendously in taking the next step in this endeavor, said Adejokun. It can be overwhelming knowing that you have to write all of these checks without guaranteeing that the business will pay off, but the SBDC assisted me through the entire process and I am extremely grateful.
Another struggle has been finding the right employees for the business.
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Nothing Bundt Cakes Franchising Guide
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.
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.
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
Things You Need To Know About The Nothing Bundt Cakes Franchise
Acquired by Roark Capital
1. In mid-May 2021, Levine Leichtman Capital Partners , a Los Angeles-based private equity firm, announced that it has sold its portfolio company Nothing Bundt Cakes to Roark Capital. Nothing Bundt Cakes is the market-leading franchisor and operator of gourmet bakeries offering specialty Bundt cakes and retail gift items.
2. The companys products are handcrafted and baked on-site daily with high-quality ingredients and proprietary formulations distributed by its in-house facilities. At the time of the announcement, Nothing Bundt Cakes had nearly 400 locations in the U.S. and Canada.
3. Matthew Frankel, managing partner of LLCP, said, 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.
4. 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, said Frankel.
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How Do You Preserve A Cake For A Long Time
Wrap an unfrosted cake layer tightly in plastic wrap be sure and secure the top, sides and bottom of the layers. Then place the wrapped layers in a plastic zip-top bag and store on the kitchen counter at room temperature for up to five days. If you need to keep a unfrosted layers longer than that, freeze them.
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Nothing Bundt Cakes Salary Faqs
The average salary for an Owner Operator is $74,460 per year in United States, which is 51% higher than the average Nothing Bundt Cakes salary of $49,076 per year for this job.
The salary trajectory of an Owner Operator ranges between locations and employers. The salary starts at $74,460 per year and goes up to $74,460 per year for the highest level of seniority.
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Nothing Left Bundt Fun
There is a lot that goes into franchising a company its not all fun and games. But when you choose an incredible company that matches your needs and passion, youll be set.
With Nothing Bundt Cakes, they offer an exceptional opportunity that is filled with great tasting cakes and profit. Their requirements are not as bad as some of the competition and they have an excellent rating.
Overall, I believe this is one of the better franchise opportunities out there. It would always depend on your specific requests and needs for a franchise.
There will always be something better, but there will never be something better for you than what you desire. And if bundt cakes are your thing, then there is no greater than Nothing Bundt Cakes!
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Nothing Bundt Cakes Franchise
Nothing Bundt Cakes franchise competes primarily with grocery stores and local bakeries within the larger bakery industry. They also compete with other bakery franchises such as Gigis Cupcakes, Golden Krust, and Cold Stone Creamery but separate themselves by offering luxury products made from high-quality ingredients at a low price. They also pride themselves on their shops mom and pop feel, which allows them to compete particularly with local bakeries.
While it is at this point very mature, the bakery industry is still achieving modest growth. Between 2016 and 2021, it grew at an annual rate of 2.9% to $11.2 billion in revenues and is projected to grow at an annual rate of 1.0% between 2021 and 2026.
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Can Nothing Bundt Cakes Be Left Out
Angie Mireles WilsonNothing Bundt Cakes Our cakes are best enjoyed at room temperature, so be sure to take them out of the fridge 23 hours before serving. They can stay unrefrigerated for up to 48 hours. If you still have cake left, its time to either dive in and finish that yummy cake or refrigerate it.
How Much Does A Owner Operator At Nothing Bundt Cakes Make
Owner Operator salaries at Nothing Bundt Cakes can range from $46,103-$52,390. This estimate is based upon 2 Nothing Bundt Cakes Owner Operator salary report provided by employees or estimated based upon statistical methods. See all Owner Operator salaries to learn how this stacks up in the market.
How accurate does $46,103 – $52,390 look to you?
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Nothing Bundt Cakes Comments And Reviews
Here’s what people are saying about Nothing Bundt Cakes. Company reviews can provide helpful insights into the company culture, working conditions, benefits, compensation, and training opportunities in Nothing Bundt Cakes. They may also reveal information or provide tips on interviewing skill requirements, and other factors that could help when applying for a position at that company. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer.
It was a good experience for a part-time job. The hours were less than I would have liked but they were also really flexible so I can’t complain. Coworkers were friendly and made the day go by quicker. Pay was not great and there were very few raises given.
Managers and shift leaders were always great. Positive energy and always looking forward to a fun new flavor or decorations. I enjoyed my time at NBC and would do it again .
the job is was given did not match the work I did and the pay I received. The trainers are not good at teaching and the managers are difficult and hard to cooperate with. The pay is very low for the type of work and amount youll be doing. The managers do not communicate anything among each other.
I highly enjoyed my time working here, and never forget my coworkers. I really have no complaints. The manager was good to work with and always communicative.
The Untold Truth Of Nothing Bundt Cakes
If you arent a big baker , you may be wondering what on earth a Bundt cake even is. Turns out that the funny looking cake pan hanging in your moms kitchen with the hole in the center is, in fact, a Bundt cake pan. Greatist explains that the peculiar shape of the pan serves for both taste and structure. The hole in the center creates more surface area for a buttery edge with a deliciously crispy crust. The sturdy cake is able to stand up to hearty frostings and decorations. While serving many wonderful purposes, the unique shape of the Bundt pan can cause some pesky problems, too, if a baker isnt careful. Bundts run a risk of drying out as they are baked for an unusually long time and have more surface area exposed to direct heat while baking.
If youre hankering for a slice, but you dont want deal with the stress of making a whole cake from scratch, Nothing Bundt Cakes has you covered. As its name suggests, the ever-growing, much beloved chain focus on incredibly moist and delectable cakes of the Bundt variety. From Bundtinis to business ownership and everything in between, Nothing Bundt Cakes is a sweet company frosted with possibilities. Lets take a look at the expanding bakery chain serving up these insanely delicious cream cheese frosted cakes, and all of the flavors they offer.
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