Full Answer
How much do nothing bundt cake owners make?
The median salary for a Nothing Bundt Cakes owner-operator is $74,614 annually as of 2021. This estimate is significantly higher than the average baker salary of $23,000 – $43,000 per year.
How much does a Nothing Bundt cake franchise earn?
2019 Nothing Bundt Cakes Franchise Median Sales: $1,127,873Initial investment (midpoint)% Profit margin of median franchise salesEstimated Profits$ 538,65010%$ 112,78715%$ 169,18120%$ 225,575Aug 4, 2022
How much does a nothing but bundt franchise cost?
The cost of a Nothing Bundt Cakes franchise ranges from $326,003 - $422,293. Owners must have a $600,000 net worth with $100,000 of that in liquid capital. The initial franchise is $25,000, with a grand opening allocation of $5,000.
Who Are Nothing Bundt Cakes competitors?
Top Competitors of Nothing Bundt CakesGigi's Cupcakes LLC. 264. $62 Million.Dropoff Inc. $16 Million.The Eli's Cheesecake Co. 205. $38 Million.Cupcake Royale. 102. $21 Million.Sprinkles. 695. $211 Million.Just Desserts. 105. $22 Million.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
What is so special about Nothing Bundt Cakes?
While some bakeries have a smorgasbord of sweets to select, Nothing Bundt Cakes doubles down on one product in various sizes and 11 different flavors, topped with a signature butter cream cheese frosting. Rinda Norberg, owner, says they are not just a bakery; they are a “bundt”tique.
Did Nothing Bundt Cakes start on Shark Tank?
0:002:48Tank Away: Nothing Bundt Cakes - YouTubeYouTubeStart of suggested clipEnd of suggested clipIt in 2007.MoreIt in 2007.
Who is the owner of Nothing Bundt Cakes?
That's what our founders Dena Tripp and Debbie Shwetz were for each other. In 1997, Dena and Debbie founded Nothing Bundt Cakes in their Las Vegas home kitchens, and it has since grown to more than 430 bakery locations in 40+ states and Canada, offering a modern spin on a classic treat.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
How many employees does nothing Bundt cakes have?
Nothing Bundt Cakes corporate office is located in 4560 Belt Line Rd Ste 350, Addison, Texas, 75001, United States and has 2,746 employees.
What is another name for bundt cake?
The Bundt cake derives in part from a European brioche-like cake called Gugelhupf. In the north of Germany and the southern Anglia peninsula Gugelhupf is traditionally known as Bundkuchen (German pronunciation: [ˈbʊntkuːxn̩]), a name formed by joining the two words Bund and Kuchen (cake).
What industry is nothing bundt cakes in?
bakeryOur Difference. Nothing Bundt Cakes is a unique, yet successful bakery franchise concept with more than 430 bakeries across the U.S. and Canada.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
Is Cinnabon a franchise?
Cinnabon is a well-known bakery franchise that started in Seattle, Washington in 1985. The company's first franchise opened a year later in Pennsylvania, and since then, it has opened more than 1,500 franchises across the United States and in dozens of other countries.
Where was nothing Bundt founded?
1997, Las Vegas, NVNothing Bundt Cakes / Founded
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 Gigi’s Cupcakes franchise ($227k-$432k) and can be more expensive than opening a Golden Krust franchise ($226k-$620k).
Franchise Fee
The initial Nothing Bundt Cakes Franchise Fee is $35,000. You have to pay this upfront fee when opening a Nothing Bundt Cakes franchise.
Franchise Requirements
Franchise candidates and their partners must have combined liquid capital of at least $150,000 and a net worth of at least $600,000. Ideal franchise candidates also have business management, HR, or marketing experience, a strong belief in the Nothing Bundt Cakes product, and a passion for customer service.
Is the Nothing Bundt Cakes Franchise Profit Worth the Cost?
To assign a valuation multiple for Nothing Bundt Cakes franchises, we leverage estimates from the Business Reference Guide.
How many Nothing Bundt Cakes locations have opened and closed?
Over the last three years, 136 new Nothing Bundt Cakes locations have opened for an average of around 45 new locations a year. This consistent growth suggests a favorable business environment for new franchises.
Conclusion
Nothing Bundt Cakes provides potential franchisees with high-profit margins and the opportunity to make a relatively quick return on investment.
What Is Nothing Bundt Cakes?
Nothing Bundt Cakes is a bakery known for its delicious cakes. In 1997, Dena Tripp and Debbie Shwetz started the bakery with the aim of serving cakes.
How Much Does A Nothing Bundt Cakes Franchise Owner Make?
As per records, Nothing Bundt Cakes generate $332 million through its sales. An individual Nothing Bundt Cake franchise owner can make 15-20% of the investment.
What Is Nothing Bundt Cakes Best Known For?
Nothing Bundt cakes are known for the thick foresting petals that adorn each of their cakes that are made with cream cheese and butter.
Is Nothing Bundt Cakes Franchise Profitable?
Yes, Nothing Bundt Cakes is a profitable franchise. Profit is considered one of the most important factors when it comes to investment.
Wrap Up
As we discussed above, the Nothing Bundt Cakes franchise has a flexible policy, so anyone can buy this franchise without any prior experience.
How much does it cost to franchise nothing bundt cakes?
How much does a Nothing Bundt Cakes franchise cost? Nothing Bundt Cakes has a franchise fee of up to $35,000, with a total initial investment range of $440,800 to $636,500. Initial Franchise Fee: $35,000.
When did Bakery franchise start?
They began franchising in 2006. The average Bakery franchise began franchising in 2007.
How many franchise locations do they have?
As of the 2021 Franchise Disclosure Document, there are 361 franchised Nothing Bundt Cakes locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Does Bundt Cakes have territorial rights?
Nothing Bundt Cakes offers territory protections . For an explanation of territorial rights, unlock this franchise for important details.
Competition
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 Gigi’s Cupcakes, Golden Krust, and Cold Stone Creamery but separate themselves by offering luxury products made from high-quality ingredients at a low price.
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 Gigi’s Cupcakes franchise ($227k-$432k) and can be more expensive than opening a Golden Krust franchise ($226k-$620k).
Franchise Fee
The initial Nothing Bundt Cakes Franchise Fee is $35,000. You have to pay this upfront fee when opening a Nothing Bundt Cakes franchise.
Franchise Requirements
Franchise candidates and their partners must have combined liquid capital of at least $150,000 and a net worth of at least $600,000. Ideal franchise candidates also have business management, HR, or marketing experience, a strong belief in the Nothing Bundt Cakes product, and a passion for customer service.
Is the Nothing Bundt Cakes Franchise Profit Worth the Cost?
To assign a valuation multiple for Nothing Bundt Cakes franchises, we leverage estimates from the Business Reference Guide.
How many Nothing Bundt Cakes locations have opened and closed?
Over the last three years, 136 new Nothing Bundt Cakes locations have opened for an average of around 45 new locations a year. This consistent growth suggests a favorable business environment for new franchises.
Conclusion
Nothing Bundt Cakes provides potential franchisees with high-profit margins and the opportunity to make a relatively quick return on investment.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is net worth?
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
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Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Nothing Bundt Cakes Franchise Opportunity
Nothing Bundt Cakes is looking for franchise owner/operators who are ready to jump at the opportunity of joining a growing and successful family of franchisees. The company offers a positive work environment and family-friendly work schedules.
Nothing Bundt Cakes Cost & Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
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Why do I go through the franchise opportunity?
I’ll be going through the entire franchise opportunity that the company offers so that you can be clued in and have a better understanding of the entire process.
What does it mean if your franchise number is too high?
If this number is too high, it could indicate the poor health of the company’s franchises.
How much do franchisees make?
Whereas in a franchising business, according to research, only 50% among the franchisees earn $50,000 and only 7% earn $250,000. If you are lucky enough to belong to that group, you’re indeed fortunate. But that isn’t the case for everyone.
Is Nothing Bundt Cakes bad?
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.
Is it necessary to spend money on franchising?
Spending money is a necessity if you are going to be making money. And that’s no different when it comes to franchising. In fact, you’ll be investing quite a lot of your savings into the franchise business, but every company is different.
Is it worth it to bake cakes?
It’s a lot of money, but it is definitely worth it for this type of opportunity. Especially with the benefits that you get, like amazing tasting cakes!
Is Bundt Cakes a good franchise?
Well, the good news is, Nothing Bundt Cakes also has a great turnover rate. The rate is pretty low at only 3. Together, the growth and turnover rate gives us a good clue that the company is decently healthy and has a fabulous franchise opportunity.
Nothing Bundt Cakes Franchise Opportunities
Nothing Bundt Cakes is a successful, niche bakery concept with more than 260 bakeries across the U.S. Our specialty is providing an incomparable gift food product; which, when given or received, leaves a lasting impression both on presentation and taste. We compete by offering a delectable, new luxury product at an affordable price.
Territory
We offer our franchisees a protected territory for their Nothing Bundt Cakes franchise. Our protected territory is built around your location based upon our target customer demographics. The territory’s size and shape depend on the nature of the geographic area.
How to open a Nothing Bundt Cakes franchise?
Ensure you have adequate capitalization. In order to open a Nothing Bundt Cakes franchise, you must have a net worth of more than $408,000.
