Nothing Bundt Cakes has a franchise fee of up to $35,000, with a total initial investment range of $430,200 to $624,300. Royalty Fee: 5.0% The initial cost of a franchise includes several fees — Unlock this franchise to better understand the costs such as training and territory fees.
How much do Nothing Bundt Cakes franchise owners make?
| Calendar Year | Number of Included Franchisee Bakeries | Average Net Revenues |
|---|---|---|
| 2019 | 270 | $1,168,968 |
| 2020 | 270 | $1,295,169 |
Save even more with this Free Shipping Nothing Bundt Cakes Promotion code. Check out all Nothing Bundt Cakes promotions and promos for up to 10% OFF. Codes is guaranteed to work online. MOREWith. Expires: Oct 24, 2020. Click to Save Bargain. Satisfy Everyone’s Sweet Tooth, & Choose From A …
How many Nothing Bundt bakeries are there in the US?
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 (“Included Franchisee Bakeries”).
What happened to Nothing Bundt cakes?
10. In 2016, Nothing Bundt Cakes was acquired by Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, for an undisclosed amount. As part of the sale, Tripp retained significant ownership in the company and serves as chairperson of the board of directors.
Who is Nothing Bundt cakes’ PR agency?
In early May 2018, SPM Communications – a public relations, crisis management, and social media marketing agency – was named as PR agency of record for Nothing Bundt Cakes.
What franchise makes the most money?
Most Profitable Franchises
What POS system does nothing bundt cakes use?
Ready to learn more about Acumatica cloud ERP? Bill and the Nothing Bundt Cakes team are very pleased they chose Acumatica cloud ERP. “It’s all about serving our team, giving them the tools that they need. Acumatica has enough capabilities to serve each department uniquely and very quickly,” Bill says.
Are Nothing Bundt cakes made daily?
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.
Who is the owner of Bundt cakes?
Founders Debra Shwetz and Dena Tripp started Nothing Bundt Cakes in Las Vegas in 1997, simply to please their family and friends.
What is the number 1 franchise in the world?
Top 100 Franchises 2021
| Rank | Name | Country |
|---|---|---|
| 1 | McDonald’s | United States of America |
| 2 | KFC | United States of America |
| 3 | Burger King | United States of America |
| 4 | 7-Eleven | United States of America |
How much do 7-Eleven owners make?
How does the salary as a Franchise Owner at 7-Eleven compare with the base salary range for this job? The average salary for a Franchise Owner is $72,286 per year in United States, which is 58% higher than the average 7-Eleven salary of $45,667 per year for this job.
How many Bundtinis does a person have?
Because Bundtinis are single servings, you’ll need quite a few. “We suggest 1.5 to 2 Bundtinis per person if it will be the only dessert. If the couple is serving other goodies, we suggest a 1:1 ratio.” It can be quite beautiful to have a two-tiered bundt cake with an array of Bundtinis surrounding it.
How long do Nothing Bundt cakes last in the refrigerator?
Cake will keep in your refrigerator for up to 5 days.
Can you leave a cake in a bundt pan overnight?
In short, yes. Since cakes need to cool completely before frosting or adding other decorations, it’s feasible to let non-perishable cakes sit in the pan overnight.
How much does it cost to make a Bundt cake?
Nothing Bundt Cakes Prices
| Food | Size | Price |
|---|---|---|
| Decorated | 8″ | $29.50 |
| 10 Inch Bundt Cakes Serves 18 – 20 | ||
| Frosted in a Bakery Box | 10″ | $28.50 |
| Decorated | 10″ | $39.50 |
How to get free Bundt cakes from Nothing Bundt cakes?
How to get perfect Bundt cakes out of the Pan?
– Flip your bundt pan over. Put your bundt pan down on a clean surface so that the bottom of the cake is touching the counter. – Wet a dish towel. Grab a dish towel or cloth napkin and run it under hot water. – Place the wet dish towel over the bundt pan. – Gently shake the bundt pan. – Repeat if necessary.
How many calories are in a bundtini Nothing Bundt cake?
There are 220 calories in 1 bundtini (57 g) of Nothing Bundt Cakes Lemon Bundtini. Calorie breakdown: 37% fat, 60% carbs, 4% protein.
Nothing Bundt Cakes Franchise Review
Franchise Grade has designated Nothing Bundt Cakes as a Made The GradeTM franchise, which means it has been rated favorably by our experts!
Franchise Facts
How much does a Nothing Bundt Cakes franchise cost?
- With a franchise fee of up to $35,000 and a total initial investment range of $440,800 to $636,500 under the Nothing Bundt Cakes business model, it is possible to start your own business. Royalty Fee: 5.0 percent
- Initial Franchise Fee: $35,000
- Total Investment Range: $440,800 to $636,500
- Working Capital Range: $30,000 to $50,000
- Initial Franchise Fee: $35,000
A number of expenses are included in the initial cost of a franchise – Unlock this franchise to have a deeper understanding of the expenditures associated with it, including as training and territory charges.
How much does a Nothing Bundt Cakes franchise make?
A variety of factors influence franchise income and profitability, including local demand for your product, labor expenses, commercial leasing rates and a variety of other considerations.We can assist you in determining how much money you can make by examining your individual scenario and determining your earning potential.Please unlock this franchise in order to obtain further information.
How many franchise locations do they have?
As of the 2021 Franchise Disclosure Document, there are 361 Nothing Bundt Cakes franchise sites in the United States of America.
Are there any Nothing Bundt Cakes franchise opportunities near me?
According to the 2021 Franchise Disclosure Document, Nothing Bundt Cakes has franchise sites in 41 states.With 161 franchise sites, the Southern United States is the most populous area.AL AR AZ CA AL AR AZ CA AL AR AZ CA CO CT FL CO CT FL CO CT FL CO CT FL CO CT FL GA Iowa, Illinois, Indiana, Kansas, and Kentucky LA MA MD ME Michigan, Minnesota, and Missouri Mr.Mr.Mrs.
- Mrs.
- Mrs.
- Mrs.
- Mrs.
Mrs.Mrs.Mrs.
Mrs.Mrs.Mrs.
Mrs.Mrs.Mrs.Mrs.
- Mrs.
- ND NE NJ NM NV NY OH OK PA NE NJ NM NV NY OH OK PA SC SD Tennessee, Texas, Virginia, Washington, and Wisconsin Currently, this brand is growing into new markets, and it may be accessible in a location near you.
- One of our franchise specialists will be well-versed in the specifics of this particular brand.
- Learn more and connect with our professionals by unlocking the door.
- 2021 is the most recent revision.
FDD Talk 2018: Nothing Bundt Cakes Franchise Review (Financial Performance Analysis, Costs, Fees, and More)
You will learn the following things from this FDD Talk post: Introduction to the Nothing Bundt Cakes franchise opportunity, including background information and current news updates.
Section II – An estimate of the initial investment required to open a Nothing Bundt Cakes franchise, based on Item 7 of the company’s 2018 Franchise Disclosure Document.
Items 5 and 6 of the company’s 2018 Franchise Disclosure Document (FDD) set forth the initial franchise fee, royalty charge, marketing cost, and other expenses associated with owning a Nothing Bundt Cakes franchise.
Item 20 of the company’s 2018 Form 10-K provides information on the number of franchised and company-owned Nothing Bundt Cakes locations at the beginning of the year and at the end of the year for 2015, 2016, and 2017. Section IV – Number of franchised and company-owned Nothing Bundt Cakes locations at the beginning and end of the year for 2015, 2016, and 2017.
Nothing Bundt Cakes’ financial performance statements are presented and analyzed in Section V of the company’s 2018 Form 10-K, which includes information on the following:
On December 31, 2017, the average net revenues of 146 franchised bakeries (collectively referred to as ″Included Franchisee Bakeries″), all of which had been in operation for at least 24 months, were reported.
Nothing Bundt Cakes received complete 2017 financial statements from 141 Included Franchisee Bakeries prior to the issuance of the 2018 Disclosure Document, which included average net revenues, cost of goods sold, gross profit, payroll costs, occupancy expenses, marketing and advertising, other expenses, interest expense, depreciation and amortization, taxes, net income, EBITDA, and total franchisee principal’s benefit achieved by 141 Included Franchisee Bakeries prior to the issuance of the 2018 Disclosure Document.
All 38 franchised Bakeries that opened during the 2015 calendar year and have been operational for a minimum of 24 months as of December 31, 2017 generated average net revenues for the first and second full 12 months of operations.
Section I – Background Information
11 Things You Need to Know About the Nothing Bundt Cakes Franchise
The company is celebrating its 20th year in business.One of the most memorable events of 2017 was the 20th anniversary of Nothing Bundt Cakes on National Bundt Day in early November.″We’re celebrating 20 years of making people’s lives sweeter with our wonderful cakes all around the country,″ said Dena Tripp, co-founder and chairman of Nothing Bundt Cakes.We are particularly pleased of the fact that we have encouraged female entrepreneurs throughout the years, with 95 percent of our franchised bakeries owned by female entrepreneurs.″ 2.Similarly, Nothing Bundt Cakes stated in the same press release that the firm intended to focus on expansion in 2018 and that it intended to launch 40 new bakeries by the end of the year.
- SPM Communications’ Client Roster has been updated.
- Nothing Bundt Cakes has appointed SPM Communications as its official public relations and social media marketing firm, effective May 1, 2018.
- SPM Communications is a public relations, crisis management, and social media marketing consultancy.
- SPM will serve as the official public relations firm for Nothing Bundt Cakes, assisting the company in increasing brand recognition and connecting bakeries with visitors through continuing media relations, executive positioning, and influencer programs.
In addition, SPM will assist with the implementation of various new brand initiatives in 2018.Three, Nothing Bundt Cakes CEO Kyle Smith stated: ″I’ve worked with SPM over the years and have been pleased with their innovative campaigns that not only engage with consumers, but also link to particular business results.″ ″I have complete faith in their capacity to create and maintain the Nothing Bundt Cakes brand,″ says the author.Fourteenth and final point: Suzanne Miller, the founder and president of SPM, stated, ″Our relationship with Nothing Bundt Cakes dates back years, and now that SPM has taken over as agency of record, we can really dive deep into this brand as an ongoing, strategic partner alongside the marketing team.″ The fact that this is a well-loved, famous company that is still growing means that we are prepared to pitch in, roll up our sleeves, and assist in their development.″ The most recent location The company has been concentrating on its expansion, and one of its newest bakeries, Algonquin Commons in a suburb of Chicago, Illinois, opened its doors in late March 2018.
While visiting other sites, Danny Sorensen became enamored with Nothing Bundt Cakes and decided to open his own shop.While visiting other locations, Danny saw how enthusiastic people were about the cakes and decided to open his own location.Nothing Bundt Cakes’ branch in Sorensen is the second Nothing Bundt Cakes bakery to operate in the region since the bakery’s founding in late 2017.
6.According to Sorensen, the community was ecstatic to learn that there will be another Nothing Bundt Cakes outlet in the region.″It’s really enthralled the public,″ he explained.They adore our sampling and the variety we provide.
- So far, everything has gone well, and the community has been wonderful.
- ″We have been warmly welcomed by the community.″ 7.
- Every day, Soresen’s store, like all Nothing Bundt Cake locations, offers a selection of 10 distinct flavors of bundt cakes in four different sizes to customers.
- A total of nine main flavors are available, with a tenth flavor available on a monthly rotation.
- In addition, the store sells any party-related accessories you would want, such as balloons, greeting cards, decorations, and other such items.
- ″We’re really a one-stop shop for throwing a party,″ Sorensen explained.
- The History of the Company 8.
- In 1997, Debra Shwetz and Dena Tripp founded Nothing Bundt Cakes in Las Vegas, Nevada, as a hobby for themselves and their friends.
- Shwetz and Tripp began baking together for their own use and the consumption of their friends and family.
As a result of employing high-quality ingredients and creating distinctive embellishments for their bundt cakes, the demand for their creations increased.Finally, Shwetz and Tripp decided to transform their side interest into a genuine business that would maintain their scratch-made food and pleasant ambiance while expanding their customer base.Shwetz and Tripp built their firm quietly over time, and in 2006 they began franchising the Nothing Bundt Cakes idea.Even when it began franchising, the firm worked hard to ensure that all of its sites retained a ″mom and pop shop″ atmosphere..Ten.
Nothing Bundt Cakes was bought by Levine Leichtman Capital Partners (LLCP), a private equity firm headquartered in Los Angeles, in 2016 for an unknown sum.Tripp retained a considerable amount of ownership in the firm as a result of the transaction and continues to serve as its chairman of the board of directors.None other than LLCP’s other franchises, which include Beef ‘O’ Brady’s, Cici & Son’s Pizza, and Wetzel & Son Pretzels, will be joining Nothing Bundt Cakes.Nothing Bundt Cakes is a bakery that has outlets around the United States and Canada.500 most successful franchises in the world, according to Entrepreneur magazine.11.
Nothing Bundt Cakes did not appear on the Entrepreneur Magazine’s 2018 Franchise 500 list of top franchises.
Section II – Estimated Costs
Please see Item 7 of the company’s 2018 Franchise Disclosure Document (FDD) for further information on full projections of Nothing Bundt Cakes franchise expenses.
Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
For further information about Nothing Bundt Cakes’ initial franchise fee, royalties fee, marketing charge, and other costs (as outlined in Items 5 and 6 of the company’s 2018 Franchise Disclosure Document), please see the following link.
Section IV – Number of Franchised and Company-Owned Outlets
Franchised
- In 2015, there were 113 outlets at the start of the year
- there were 151 outlets at the end of the year
- the net change was +38.
- In 2016, there were 151 outlets at the start of the year and 187 outlets at the end of the year, a net change of +36.
- 2017 outlets at the beginning of the year: 187
- outlets at the end of the year: 234
- net change: +47
- 2017 outlets at the beginning of the year: 187
- 2017 outlets at the end of the year: 234
Company-Owned
- In 2015, there were two outlets at the start of the year and two outlets at the end of the year.
- Change in net terms: 0
- 2016 outlets at the beginning of the year were two
- outlets at the end of the year were six
- net change was four.
- Outlets at the beginning of the year were 6
- outlets at the end of the year were 6
- net change was 0 for 2017.
Section V – Financial Performance Representations (Item 19, 2018 FDD) and Analysis
Specifically, this Item presents historical net revenue and cost information for Nothing Bundt Cakes’ company-owned, founder-operated, and franchised Bakeries, which was submitted to the franchisor by the company’s founder and franchisees and made available to the public over the Internet.
Nothing Bundt Cakes has 234 franchised Bakeries and six company-owned Bakeries open and functioning in the United States as of December 31, 2017.
Part I of this Item presents the net revenues generated by 146 franchised bakeries (hereafter referred to as ″Included Franchisee Bakeries″).All 146 Included Franchisee Bakeries are included in the Measurement Period in Part 1, which runs from January 1, 2016 to December 31, 2017.As of December 31, 2017, each of these 146 Bakeries have been in operation for a minimum of 24 consecutive months.Due to the fact that these Bakeries were not open and operational for the whole Measurement Period, nothing Bundt Cakes has omitted from the Part I net revenue statistics of the 88 remaining Franchisee Bakeries.
In Part II of this Item, the 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, are presented in Table A.
Nothing Bundt Cakes received comprehensive 2017 financial accounts from each of the 141 Included Franchisee Bakeries before issuing its annual disclosure document in 2018.None of the Franchisee Bakeries were included since they did not furnish Nothing Bundt Cakes with complete 2017 financial statements prior to the release of the 2018 Disclosure Document.This resulted in the exclusion of 93 Franchisee Bakeries.
Part III of this Item presents the average net revenues earned by all 38 franchised Bakeries that opened during the 2015 calendar year and had been in operation for a minimum of 24 months as of December 31, 2017.The average net revenues earned by all 38 franchised Bakeries during the first and second full 12 months of business are presented in Part III of this Item.From January 1, 2015, to December 31, 2017, the measurement period for these bakeries in Part III will be in effect.
Nothing Bundt Cakes has not audited or independently validated the information provided by the participating Bakeries, and no guarantee can be given that the information does not contain inaccuracies that an audit could reveal. In the event that you make a reasonable request, Nothing Bundt Cakes will supply you with documented substantiation for its financial performance representation.
Part I – Included Franchisee Bakeries’ Average Net Revenues and Growth in Average Net Revenues During the Measurement Period
In this definition, ″Net Revenues″ refer to the total amount of revenue generated by all business conducted at or from a Bakery during the Measurement Period.This includes amounts received from the sale, shipping, and delivery of food items, amounts received through the E-Commerce program, amounts received from gift card sales, and other products and services, merchandise, and tangible property of any nature whatsoever, received in cash or on credit, whether collected or uncollected.
Net Revenues do not include the amount of any applicable sales tax levied by any federal, state, municipal, or other governmental authority when the Guest is charged, and the franchisee is responsible for remitting such amounts to the appropriate taxing authority as and when they are owed by the taxing authority.
In addition, the amount of any recorded refunds, chargebacks, credits, and allowances issued to Guests in good faith in accordance with Nothing Bundt Cakes’ customary processes for granting such refunds are deducted from Net Revenues in the same manner.
Calculating the ″Average Net Revenues″ for the Included Franchisee Bakeries was as simple as adding up the Net Revenues from all of the Included Franchisee Bakeries and dividing that figure by the total number of Included Franchisee Bakeries.
Amounts reported as ″Percentage Growth in Average Net Revenues″ were calculated by subtracting 2017 from 2016 from the sum of the Average Net Revenues achieved by the Included Franchisee Bakeries in 2017 and dividing that total by the sum of the Average Net Revenues achieved by the Included Franchisee Bakeries in 2016. The result was a percentage growth in average net revenues of 5%.
Franchisee Bakeries are included on the 2016 list.Subscribe Now or Log In to have access to the remainder of this article as well as other premium, income-enhancing content.Learn the insider secrets (as well as actual earnings data) that you’ll need to make a safe and profitable franchise investment decision.More information may be found by clicking here.Obtain the insider information (as well as actual earnings data) that you want to make a safe and wise franchise investment.
- – More information may be found at:
How much does a nothing bundt cake franchise make?
- A McD’s.
- The dunk was about to begin.
- The UPS Store may be found at this location.
- A once-in-a-lifetime getaway
- A maid can be found in any family.
- A workout center that is open 24 hours a day, seven days a week.
- It is referred to as ‘Pearle Vision’.
- JAN-PRO
What is the net worth of Nothing Bundt cakes?
There were 330 Nothing Bundt Cakes locations in all 50 states by the end of the year 2019. Sales of the system reached $332 million, representing a 23 percent increase over the previous year. The brand occupies a distinct niche in the specialized retail market.
How much profit does nothing bundt cakes make?
The items in question were examined in great detail.″ In the year 2019, there were more than 330 Nothing Bundt Cakes sold throughout the United States. Sales of the system reached $332 million, representing a 23 percent increase over the previous year. The brand occupies a distinct niche in the specialized retail market.
Is Nothing Bundt cake a good franchise?
Bundt Cakes were ranked last on the list of favorite desserts. 45 businesses are included in Entrepreneur magazine’s list of the top 500 franchises for 2020.
How much does it cost to make a Bundt cake?
Cake TypeAverage PriceType of Cake 10-inch Cake (serves 18–20 people) – $31 for a frosted bakery box – $40 for a decoratedTiered Bundt Cake (an 8-inch cake over a 10-inch cake). – $67Bite-sized Bundtinis are available. The cost per dozen is $18.75. Bundtlet Towers are available for $6 for one, $10 for two, and $15 for three.
How much does a Nothing Bundt cake make a year?
Job DescriptionAnnual Salary Payments are made on a monthly basis. Cakes for Small Groups$37,677$3,140 Nothing But Bundt Cakes$30,402$2,534 Nothing But Bundt Cakes Cakes$27,267$2,272 Cake in a Bundt pan $2,240$26,878
Who Is Nothing Bundt cakes owned by?
Nothing Bundt Cakes was started in 1997 by Debra Shwetz and Dena Tripp as a means to make themselves and their family happy with baked goods.
How many franchises Does Nothing Bundt cakes have?
As of December 29, 2019, Nothing Bundt Cakes had 317 franchisees and 13 affiliates operating across the United States, according to their website.
How much do nothing bundt cake managers make?
Was wondering what a Manager’s wage range was at Nothing Bundt Cakes. An annual average compensation of $80,343 is earned by managers in the United States of America. That’s about 110 percent more than the typical Nothing Bundt Cakes pay of $38,361 per year, according to Payscale.
How much do bundt cakes sell for?
FoodSizePrice Decorated8″$29.50 10 inch Bundt Cakes serve 18–20 people when iced in a Bakery Box. 10″$28.50 Decorated10″$39.50
What is the profit of owning a franchise?
This is the first outlay of funds.If your franchise firm is linked with a brand and industry that you are acquainted with, you will earn more money as a franchisee.Franchise owners make an average of $82,000 per year in the restaurant sector, which is a respectable wage when you consider that nonfranchise restaurant owners can earn anywhere from $24,000 to $155,000 per year in their respective industries.
How does franchise owner make money?
Typically, franchisees own a portion of a corporation through equity, which means they have a financial stake in the enterprise. It is possible that the profitability of a firm does not correctly represent its underlying profitability. The owner might make a substantial amount of money if he or she sells the franchise.
What Are Nothing Bundt cakes worth?
Nothing Bundt Cakes franchisees are not needed to make any upfront financial commitment.Price varies depending on the location.A Nothing Bundt Cakes franchise may be purchased for $326,003 to $422,293.It is also necessary for owners to have a net worth of $600,000 in addition to the required liquid capital of $600,000.At the grand opening, a $5,000 franchise allotment will be distributed, with a $25,000 initial franchise fee to be paid by the franchisee.
How much does owner of Nothing Bundt cakes make?
As of 2017, the average compensation for an Owner Operator in the United States was $74,460 per year, which was 63 percent higher than the average wage for a Nothing Bundt Cakes, which was $45,434 per year in the same country.
How much does a Nothing Bundt cake make a year?
| Job Title | Annual Salary | Monthly Pay |
| Small Cakes | $37,677 | $3,140 |
| Nothing But Bundt Cakes | $30,402 | $2,534 |
| Cakes | $27,267 | $2,272 |
| Bundt Cake | $26,878 | $2,240 |
How much does it cost to make a Bundt cake?
| Type of Cake | Average Price |
| 10-inch Cake (18–20 servings) | – $31 frosted in a bakery box – $40 decorated |
| Tiered Bundt Cake (an 8-inch cake over a 10-inch cake). | – $67 |
| Bite-sized Bundtinis | $18.75 per dozen |
| Bundtlet Towers | – $6 for one – $10 for two – $15 for three |
How much do bundt cakes sell for?
| Food | Size | Price |
| Decorated | 8″ | $29.50 |
| 10 Inch Bundt Cakes Serves 18 – 20 | ||
| Frosted in a Bakery Box | 10″ | $28.50 |
| Decorated | 10″ | $39.50 |
Do franchise owners make money?
According to the Franchise Business Review*, franchisees in the United States earn an average of $63,000 pre-tax per year. It is estimated that the project will cost around $80,000. In the United States, the majority of franchise owners make less than $50,000, with only 7% earning more than $250,000.
Does owning a franchise make you rich?
Even though a franchise can assist you in becoming wealthy on your own, you should not rely on it to do so. You may still have limited revenue generating potential if you do not select the proper business in the right industry and do not enter the business with prior entrepreneurial expertise and/or money.
Who is the owner of Nothing Bundt Cakes?
Nothing Bundt Cakes was started in 1997 by Debra Shwetz and Dena Tripp as a means to make themselves and their family happy with baked goods. We had no idea how much joy thousands of other people would have experienced from our beautiful cakes, and we had no way of knowing.
How Much Does a Nothing Bundt Cakes Franchise Make (Average Revenues/Profits)?
On this FDD Speak submission, you’ll learn about the following topics: Part I – Background information on the Nothing Bundt Truffles franchise alternative, as well as information updates on the franchise opportunity
A tentative investment estimate for a Nothing Bundt Truffles franchise based on Merchandise 7 of the company’s 2021 Franchise Disclosure Document (FDD) is shown in Part II.
Nothing Bundt Truffles franchisees should expect to pay a preliminary franchise fee, royalty fee, advertising and marketing fee, and other fees depending on items 5 and 6 of the company’s 2021 franchise disclosure document.
According to Product 20 of the company’s 2021 FDD, the number of franchised and company-owned Nothing Bundt Truffles stores opened at the start of the year and closed at the end of the year for 2018, 2019, and 2020.
Nothing Bundt Truffles’ financial performance projections are presented and evaluated in Section V of the company’s 2021 Formal Disclosure Document (FDD), which includes information on the following:
As of December 27, 2020, the following online revenues for 270 franchised bakeries (″Included Franchisee Bakeries″) were calculated: 2019 and 2020 common, median, highest, and lowest web revenues for 270 franchised bakeries (″Included Franchisee Bakeries″).
236 Included Franchisee Bakeries that offered Nothing Bundt Truffles with full 2020 financial statements prior to the issuance of the 2021 Disclosure Document generated 2020 average web revenues, value of products offered, gross margin, payroll costs, occupancy bills, advertising and marketing and promoting, different bills, interest expense, depreciation and amortization, taxes, web earnings, EBITDA, and total franchisee principal’s profit.
On December 27, 2020, all 42 franchised Bakeries that launched throughout the 2018 calendar year and have been operational for a minimum of 24 months will report their common and median online revenues earned over their first and second full years of enterprise.
Part I – Background Data
20 Issues You Have to Know Concerning the Nothing Bundt Truffles Franchise
Roark Capital has acquired the company.1.In mid-May 2021, Levine Leichtman Capital Partners (LLCP), a non-public equity firm located in Los Angeles, announced that it had offered its portfolio company Nothing Bundt Truffles to Roark Capital, who accepted the offer.Nothing Bundt Truffles is the market-leading franchisee and operator of gourmet bakeries that specialize in speciality Bundt truffles and retail incentive devices.Nothing Bundt Truffles is headquartered in New York City.
- 2.
- Products are handmade and baked on-site every day by the company’s in-house services, using high-quality components and proprietary formulae that are delivered by the company’s internal services.
- Nothing Bundt Truffles operated at around 400 locations across the United States and Canada at the time of the announcement.
- three.
″Kyle Smith and the whole Nothing Bundt Truffles team have built a really distinctive organization that is well-positioned for ongoing growth, with an incredible culture built around wonderful people,″ said Matthew Frankel, managing partner of LLCP.″The Nothing Bundt Truffles investment has proven to be extremely beneficial for LLCP, resulting in significant same-store sales growth as well as significant franchise expansion.″ four.″This was spurred on by the efforts of the Company’s management team, as well as value creation initiatives such as technical advancements, menu innovation, supply chain improvements, and the introduction of company stores through both strategic M&A and de novo openings.
″ We’re appreciative for what the administration team and the company’s creator, Dena Tripp, have achieved to build value for the company’s shareholders, bakery owners, and other customers and friends.Our warmest wishes for the staff in their upcoming chapter,″ Frankel expressed his hope for them.5.
Kyle Smith, president and CEO of Nothing Bundt Truffles, stated, ″Right now marks an important milestone for the Firm, and we want to express our gratitude to LLCP for his or her close relationship with our staff, as well as for his or her valuable contributions and strategic perception over the years.″ Due to LLCP’s extensive expertise in franchising, along with their management-centric strategy, they proved to be the ideal partner in helping us scale our firm and further develop our one-of-a-kind concept.″ 6.North Level served as the principal financial adviser to Nothing Bundt Truffles, with assistance from Baird, and Honigman LLP provided as legal advice to Nothing Bundt Truffles in connection with the transaction.Two new areas have been established.7) In the beginning of November 2021, Nothing Bundt Truffles launched two additional locations, one in the Dayton, Ohio region, and the other in the Virginia Beach, Virginia area.
- The franchise house owners Jeff and Renee Corridor have opened a second site in Dayton, bringing their total number of locations to two.
- The Virginia Seashore site is owned by Sean and Dana Whitaker, and it is their third property in the area.
- Nothing Bundt Truffles Beavercreek is now in the process of being built up for a smooth opening, and the Halls want to have a big opening some time in January following the holiday rush.
- The Halls built their first Nothing Bundt Truffles store in Miamisburg, Ohio, in 2018, as part of the Shoppes on the Change retail center, which is located north of the Austin Touchdown.
- According to Renee Corridor, the bakery’s first three years have been lucrative, with over 12,000 customers who have signed up for the bakery’s eClub.
- 9.
- According to the Halls, ″(Clients) have unquestionably been tremendously supportive and enthusiastic about us.″ It’s been really interesting to observe how shoppers have responded.
- As soon as we notify them (that we are building a second store), they are ecstatic for us, and they are entirely satisfied with our decision.
- In the end, it’s a really pleasant sensation.″ 10.
The bakery is exclusively open for takeout, and it offers four various sizes of Bundt truffles that may be purchased in advance.If a customer does not find a cake in the flavor they choose that is ready to go, Corridor promised that they will bake a fresh, hand-crafted Bundt cake within 15 to 20 minutes at no additional cost.There is also a store area within the bakery where you may purchase items such as balloons, little gifts, candles, and other small gifts.11.When it comes to the new site, the Halls are particularly looking forward to being closer to Wright-Patterson Air Force Base and supporting the army group.
″We already give to them and work on various issues via them,″ they explained (WPAFB).As a result, we’re quite thrilled to continue to build our connection with them, as well as with the rest of the group in general.We really adore the area, and it looked to be a great location for a variety of reasons to open a second bakery,″ said the couple.According to Robert and Sherry Whitaker’s daughter-in-law Dana Whitaker’s statement, the couple became Nothing Bundt Truffles franchisees in 2015 with the intention of passing a legacy to their sons and grandkids.And the opportunity to operate a business is enticing the next generation to join forces.The Whitaker family’s third site, which is owned by Sean and Dana Whitaker, opened its doors on October 27 at Virginia Beach’s Haygood Purchasing Center.
13.The mother and father had created the first site in Newport Information Technology Center and a second location in Virginia Seashore’s Hilltop area, all of which are now owned and controlled by their son Brandon, who was born into the business.Dana Whitaker, who holds a bachelor’s degree in applied mathematics and had worked as a highschool math teacher, remarked that when her in-laws extended the business offer, it was a smooth transition.″Baking has always been a passion of mine, and I learned to do it with my grandma,″ she continued.
- 14.
- Her husband, Sean Whitaker, works in computer development but helps out in the evenings and whenever he has the opportunity.
- Dana Whitaker claimed that preparations are in the works to establish the fourth Nothing Bundt Truffles location in Norfolk somewhere between 2022 and 2023, with Sean Whitaker eventually joining the board full-time and achieving the older Whitakers’ ambition of opening the fourth location.
15.″It’s a pleasure to collaborate with the Whitaker family, particularly since the project is for such a fun, utterly happy, and joyous model,″ Dana Whitaker said.Nothing Bundt Truffles, with the assistance of the company, is always attempting to reward organizations and causes that have a positive influence on the community with gratitude and engaging truffles, according to the owner.″Shortly before school started,″ Whitaker explained, ″I visited all of the nearby schools and distributed free truffles to teachers as a way of thanking them for their efforts, particularly during the epidemic.″ 16.
- Significant training is necessary to ensure that design and model specifications are followed, and Dana Whitaker has indicated that she is capable of dealing with each aspect of the creative process.
- ″It’s been a wonderful experience working with the family and with a countrywide organization that’s dedicated to spreading happiness via the creation of special truffles and giving back to the community,″ she remarked.
- ″ ″I’m just overjoyed.″ Historical past of the organization 17.
- Nothing Bundt Truffles was founded in 1997 by Dena Tripp and Debbie Shwetz in Las Vegas, Nevada, and has been in business ever since.
Since they had been baking together for years, Tripp and Shwetz had received several recommendations from family and friends, who encouraged them to open their own bakery in their hometown.After being intrigued by it and after some research, Tripp and Shwetz came to the conclusion that there was a niche in the market for truffles made from pure, high-quality ingredients.Tripp and Shwetz were resolved to devote their time and attention to Bundt truffles, something that no other model was doing at the moment.18.
- After successfully expanding Nothing Bundt Truffles over the next decade, Tripp and Shwetz made the decision to begin franchising the company in 2006.
- Even when they began franchising, Tripp and Shwetz sought for each site to maintain a ″mother and pop store″ atmosphere in order to emphasize that their Bundt truffles are made from scratch using only the finest ingredients.
- 19.
- In 2016, Nothing Bundt Truffles was bought by Levine Leichtman Capital Partners, a non-public equity firm located in Los Angeles that specializes in private equity (LLCP).
- LLCP made an offer to Roark Capital in the year 2021 for Nothing Bundt Truffles.
- There are Nothing Bundt Cake bakeries all throughout North America at the moment, which is great news.
- 500 most successful franchises in the world, according to Entrepreneur magazine.
20.According to Entrepreneur magazine’s 2021 Franchise 500 ranking, Nothing Bundt Truffles is rated 16th.
Part II – Estimated Prices
Part III – Preliminary Franchise Charge, Royalty Charge, Advertising and marketing Charge, and Different Charges
Part IV – Variety of Franchised and Firm-Owned Retailers
Franchised
- In 2018, 234 retailers opened their doors at the start of the year
- 276 retailers closed their doors at the end of the year
- and the internet changed by 42 percent.
- 2019 Retailers at the start of the year: 276
- Retailers at the end of the year: 318
- Internet Change: +42
- 2019 Retailers at the end of the year: 276
- 2020 Retailers at the start of the year were 318
- Retailers at the end of the year were 362
- Internet Change was +44
- and 2020 Retailers at the end of the year were 318.
Firm-Owned
- The number of retailers at the start of the year was six
- at the end of the year, there were six
- and the number of retailers on the internet changed to zero.
- 2019 Retailers at the start of the year: 6
- Retailers at the end of the year: 13
- Internet Change: +7
- 2019 Retailers at the end of the year: 6
- 2019 Retailers at the start of the year: 6
- 2019 Retailers at the end of the year: 13
- 2019 Retailers at the start of the year: 6
- 2019 Retailers at the end of the year: 13
- 2019 Retailers at the start of the year: 6
- 2019 Retailers at the start of the year: 6
- 2020 Retailers at the start of the year: 13
- Retailers at the end of the year: 14
- Internet Change: +1
- 2020 Retailers at the end of the year: 13
Part V – Monetary Efficiency Representations (Merchandise 19, 2021 FDD) and Evaluation
This Merchandise contains historical online income and price information for Nothing Bundt Truffles’ franchised Bakeries, which was provided to Nothing Bundt Truffles by the franchisees who own the businesses.
As of December 27, 2020, there were 361 franchised Bakeries and 14 company-owned Bakeries in operation in the United States of America.
On December 27, 2020, half of this Merchandise will generate online revenues from 270 franchised Bakeries (collectively referred to as ″Included Franchisee Bakeries″), all of which will have been in operation for at least 24 months at that time. From January 1, 2019 to December 27, 2020, the measurement interval for Half I is in effect.
There are five franchised bakeries owned and managed by the proprietors of Nothing Bundt Truffles that are included on this Merchandise 19.
Bundt Truffles did not omit anything from the Half I online revenue information of the 91 remaining Franchisee Bakeries because these Bakeries were not open and operating during the whole Measurement Interval, according to the company.
Previously, the information included in Half I was derived from the POS system.
Half II of this Merchandise presents common web revenues, common value of products offered, common gross margin, common payroll costs, common occupancy bills, common promoting bills, common different bills, common interest bills, common depreciation and amortization bills, common web earnings, and common EBITDA realized by 236 of the Included Franchisee Bakeries from January 1, 2020, to December 27, 2020 (the ″2020 Calendar 12 months″).Half III of this Merchandise presents common web revenues, common value of products offered
The 236 Included Franchisee Bakeries provided Nothing Bundt Truffles with complete 2020 financial statements prior to the issuance of the 2021 Disclosure Doc, whereas 34 of the Franchisee Bakeries were excluded on the grounds that they did not provide Nothing Bundt Truffles with complete 2020 financial statements prior to the issuance of the 2021 Disclosure Doc.
Half III of this Merchandise presents the typical web revenues earned by all 42 franchised Bakeries throughout their first and second full years of operation. These Bakeries had been open for a minimum of 24 months as of December 27, 2020, and had been open for a minimum of one year as of January 1, 2018.
Not a single cookie from Bundt Truffles has been audited or independently validated, and no guarantee can be given that the information produced by the Included Franchisee Bakeries is free of errors that an audit could uncover. Nothing Bundt Truffles will provide you with written confirmation of the monetary efficiency illustration upon request at a reasonable price.
Half I – Included Franchisee Bakeries’ Common Internet Revenues and Progress in Common Internet Revenues In the course of the Measurement Interval
Internet Revenues include all revenues generated by a Bakery throughout the Measurement Period, including amounts earned from the sale, delivery, and supply of food items, amounts earned by way of the E-Commerce program and from reward card sales, and other services, merchandise, and tangible property of any nature earned in any way, whether or not collected or incurred.
If any relevant gross sales tax is imposed by any federal, state, municipal, or other governmental authority and such taxes are stated separately when the Visitor is charged and the franchisee pays such amounts to the appropriate taxing authority when and as they become due, the term ″Internet Revenues″ does not include the amount of any relevant gross sales tax.
Internet Revenues omit the amount of any recorded refunds, chargebacks, credit, and allowances issued to Visitors in good faith and in accordance with Nothing Bundt Truffles’ standard processes for issuing such refunds, which are in addition excluded from Internet Revenues.
Previously, the ″Common Internet Revenues″ for the Included Franchisee Bakeries had been computed by summing the Internet Revenues of all of the Included Franchisee Bakeries and dividing the result by the total number of Included Franchisee Bakeries.
For the purpose of calculating the ″Proportion Progress in Common Internet Revenues,″ we took a difference between the Common Internet Revenues achieved by the Included Franchisee Bakeries in 2020 and 2019, and divided that difference by the Common Internet Revenues achieved by the Included Franchisee Bakeries in 2019.
Franchisee Bakeries are included on the 2019 list.To gain access to the remainder of this article, as well as other premium, revenue-enhancing content material, please click here.Subscribe Now or Log In to continue.Obtain the insider information (as well as precise earnings information) that you want in order to make a secure and good franchise funding decision.More information may be found by clicking right here.
- Obtain the insider information (as well as precise earnings information) that you want in order to make a secure and good franchise funding decision – Additional information can be found at:
FDD Talk: How Much Does a Nothing Bundt Cakes Franchise Make (Average Revenues and/or Profits)?
You will learn the following things from this FDD Talk post: Introduction to the Nothing Bundt Cakes franchise opportunity, including background information and current news updates.
Based on Item 7 of the company’s 2021 Franchise Disclosure Document, Section II presents an estimate of the initial investment required to open a Nothing Bundt Cakes franchise.
Items 5 and 6 of the company’s 2021 Franchise Disclosure Document (FDD) govern the initial franchise fee, royalty charge, marketing cost, and other payments associated with a Nothing Bundt Cakes franchise.
The number of franchised and company-owned Nothing Bundt Cakes locations at the beginning and end of each year for 2018, 2019, and 2020, as reported in Item 20 of the company’s 2021 Franchise Disclosure Document.
Nothing Bundt Cakes’ financial performance representations, based on Item 19 of the company’s 2021 FDD, are presented and discussed in Section V. This section includes information on the following topics:
As of December 27, 2020, the average, median, highest, and lowest net revenues for 270 franchised bakeries (collectively referred to as ″Included Franchisee Bakeries″), all of which have been in operation for at least 24 months, were calculated.
Nothing Bundt Cakes received complete 2020 financial statements from 236 Included Franchisee Bakeries prior to the issuance of the 2021 Disclosure Document, which included net revenues, cost of goods sold, gross margin, payroll costs, occupancy expenses, marketing and advertising, other expenses, interest expense, depreciation and amortization, taxes, net income, EBITDA, and total franchisee principal’s benefit achieved by the 236 Included Franchisee Bakeries prior to the issuance of the 2021 Disclosure Document.
All 42 franchised Bakeries that opened during the 2018 calendar year and have been operational for a minimum of 24 months as of December 27, 2020 have reported average and median net revenues for the first and second full 12 months of operations.
Section I – Background Information
20 Things You Need to Know About the Nothing Bundt Cakes Franchise
Roark Capital has acquired the company.1.Levine Leichtman Capital Partners (LLCP), a private equity firm located in Los Angeles, announced in mid-May 2021 that it had sold its portfolio business Nothing Bundt Cakes to Roark Capital.The market’s top franchisee and operator of gourmet bakeries specializing in unique Bundt cakes and retail gift products, Nothing Bundt Cakes is headquartered in San Diego, California.2.
- Products are handmade and baked on-site everyday using high-quality ingredients and patented recipes that are supplied via the firm’s in-house facilities, according to the company.
- Nothing Bundt Cakes operated approximately 400 stores in the United States and Canada at the time of the announcement.
- Mr.
- Kyle Smith and the rest of the Nothing Bundt Cakes team have created a very unique organization that is poised for ongoing development, with an exceptional culture built around fantastic people, according to Matthew Frankel, managing partner of LLCP.
″The Nothing Bundt Cakes venture has proven to be extremely profitable for LLCP, with great same-store sales growth and a thriving franchise development program.″ 4.″This was fueled by the efforts of the Company’s management team, as well as value creation initiatives such as technology advances, menu innovation, supply chain improvements, and the introduction of corporate locations through both strategic M&A and de novo openings, among other things.″ For everything the management team and its creator, Dena Tripp, have done to build value for its shareholders, bakery owners, and customers, we are appreciative.″We wish the team the best of luck as they embark on their next chapter,″ Frankel added.
Nothing Bundt Cakes’ president and CEO, Kyle Smith, stated that ″today represents a key milestone for the Company, and we would want to express our gratitude to LLCP for their tight connection with our team and for their substantial contributions and strategic acumen over the years.″ Due to LLCP’s extensive knowledge in franchising, along with their management-centric approach, they proved to be the ideal partner for us as we scaled our business and further developed our recognizable brand.″ North Point acted as Nothing Bundt Cakes’ primary financial adviser, with help from Baird, and Honigman LLP served as the company’s legal counsel in connection with the transaction.Two new locations have been established.7.
Nothing Bundt Cakes established two additional sites in early November 2021, one in the Dayton, Ohio region and the other in the Virginia Beach area, both in the Dayton, Ohio area.Jeff and Renee Hall, the franchise owners of the Dayton facility, have opened a second shop in the region.The Virginia Beach facility is owned by Sean and Dana Whitaker, and it is the family’s third location overall.8.
- Nothing Bundt Cakes Beavercreek is now in the process of establishing a soft opening, with the Halls hoping to have a grand opening sometime in January following the Christmas rush.
- The Halls established its first Nothing Bundt Cakes location in Miamisburg at the Shoppes at the Exchange retail development, just north of Austin Landing, in the spring of 2018.
- According to Renee Hall, the bakery’s first three years have been fruitful, with over 12,000 clients subscribing to the bakery’s electronic club.
- Nine.
- According to the Halls, ″(Customers) have obviously been really supportive and thrilled for us.″ It’s been really interesting to see how customers have reacted.
- When we inform them (that we’re establishing another shop), they’re ecstatic for us and delighted that we’re doing well.
- Consequently, it’s a pleasant sensation.″ 10.
- The bakery is only a take-out establishment, with four various sizes of Bundt cakes available for purchase.
- If a consumer does not find a cake in the flavor they want that is ready to be picked up, they can order one.
Hall claims that they can whip up a fresh, hand-crafted Bundt cake in 15 to 20 minutes, depending on the recipe.In addition, there is a store space in the bakery where you can purchase balloons, little presents, candles, and other items.11.The Halls are particularly looking forward to being closer to Wright-Patterson Air Force Base and serving the military community at their new site.″We already give to them and do certain things via them,″ they explained (WPAFB).
As a result, we’re very thrilled to continue to build our connection with them, as well as with the rest of the community.Our family and friends adore the region, and it just felt like a fantastic location for a variety of reasons to open another bakery.″ According to Robert and Sherry Whitaker’s daughter-in-law Dana Whitaker, Robert and Sherry Whitaker became Nothing Bundt Cakes franchise owners in 2015 with the goal of passing a legacy to their sons and grandkids.In addition, the possibility to operate a business is getting the children on board with you.It was on October 27 when the Whitaker family’s third shop, operated by Sean and Dana Whitaker, debuted in Virginia Beach’s Haygood Shopping Center.14.They opened the first shop in Newport News Tech Center and a second in Virginia Beach’s Hilltop district, both of which are currently owned and run by their son Brandon, who is also the company’s president.
Dana Whitaker, who holds a bachelor’s degree in applied mathematics and previously worked as a high school math teacher, said that when her in-laws made the business offer, it was an easy decision to make.″I’ve always enjoyed baking, and I used to do it with my grandma,″ she continued.Sean Whitaker, her husband, works in computer programming but comes in to assist out in the evenings and whenever he has the opportunity.It is anticipated that the fourth Nothing Bundt Cakes location in Norfolk would open anytime between 2022 and 2023, with Sean ultimately joining the team full-time and allowing them to realize their father’s ambition of opening a bakery in Norfolk.
- The Whitaker family enjoys working together, especially when the company is ″fun, lively, and wonderful,″ as Dana Whitaker put it in a recent interview.
- Nothing Bundt Cakes, with the help of corporate sponsorship, is constantly seeking for opportunities to recognize and reward organizations and causes that have a beneficial impact on the community through the provision of delicious cakes, according to the owner.
- ″A few days before school resumed,″ Whitaker said, ″I went to all of the neighboring schools and delivered complimentary cakes to the teachers, expressing my gratitude for everything they do, particularly during the epidemic.″ 16.
In order to guarantee that design and brand standards are maintained, extensive training is necessary, and Dana Whitaker claims she is prepared to manage every facet of the creative process.The experience of working with the family and with a nationwide organization devoted to spreading happiness via excellent cakes and giving back to the community has been a ″joyful one,″ she added.″It’s just plain happy.″ The History of the Company In 1997, Dena Tripp and Debbie Shwetz opened Nothing Bundt Cakes in the Las Vegas, Nevada neighborhood of South Las Vegas.Tripp and Shwetz had been baking together for years, and their family and friends had always encouraged them to pursue their dream of opening a bakery business.
- After some deliberation and investigation, Tripp and Shwetz came to the conclusion that there was a void in the market for cakes manufactured from pure, high-quality ingredients.
- Tripp and Shwetz made the decision to concentrate on Bundt cakes because no other company was offering them at the time.
- 18.
- After spending the next decade perfecting Nothing Bundt Cakes, Tripp and Shwetz decided to expand their business by franchising in 2006.
In order to stress that their Bundt cakes are created from scratch with only the highest quality ingredients, Tripp and Shwetz desired that each site have a ″mom and pop shop″ vibe even after franchising began.19.Nothing Bundt Cakes was bought by Levine Leichtman Capital Partners, a private equity firm located in Los Angeles, in 2016.(LLCP).
- LLCP sold Nothing Bundt Cakes to Roark Capital in 2021 for an undisclosed sum.
- Currently, there are Nothing Bundt Cake bakeries in every major city in North America.
- 500 most successful franchises in the world, according to Entrepreneur magazine.
- 20.
- Nothing Bundt Cakes was placed No.
- 16 on Entrepreneur magazine’s Franchise 500 list for the year 2021.
Section II – Estimated Costs
Nothing Bundt Cakes franchise expenses are estimated in detail based on Item 7 of the company’s 2021 Franchise Disclosure Document.
Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
Items 5 and 6 of the company’s 2021 Franchise Disclosure Document (FDD) provide detailed information on Nothing Bundt Cakes’ initial franchise fee, royalty fee, marketing fee, and other fees, among other things.
Section IV – Number of Franchised and Company-Owned Outlets
Franchised
- In 2018, there were 234 outlets at the start of the year
- there were 276 outlets at the end of the year
- the net change was +42.
- In 2019, there were 276 outlets at the start of the year
- there were 318 outlets at the end of the year
- the net change was +42.
- In 2020, there were 318 outlets at the start of the year, and 362 outlets at the end of the year, for a net change of +44.
Company-Owned
- There were 6 outlets open when 2018 began
- there were 6 outlets open when 2018 ended
- there was no difference between the two.
- The number of 2019 outlets available at the start of the year is six.
- Availability of outlets at the end of the year: 13
- Change in net value: +7
- By the beginning of 2020, there were 13 outlets
- at the end of 2020, there were 14 outlets
- the net change was one.
Section V – Financial Performance Representations (Item 19, 2021 FDD) and Analysis
Presented in this Item is historical net revenue and cost information for Nothing Bundt Cakes’ franchised Bakeries, which was submitted to Nothing Bundt Cakes by its franchisees and is based on information provided by Nothing Bundt Cakes.
The United States had 361 franchised Bakeries and 14 company-owned Bakeries operational and functioning as of December 27, 2020, according to the National Bakery Association.
Part I of this Item contains the net revenues of 270 franchised bakeries (collectively referred to as ″Included Franchisee Bakeries″), all of which have been in operation for at least 24 months as of December 27, 2020 (the ″Included Franchis