Why You May Want To Start A Nothing Bundt Cakes Franchise
Nothing Bundt Cakes prides itself on only using the highest quality of ingredients to make its cakes, which has given it a solid base of customers.
Nothing Bundt Cakes is an award-winning franchise that has ranked in Entrepreneurs Franchise 500 multiple times in recent years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
Private Equity Firm Buys Nothing Bundt Cakes
LOS ANGELES Levine Leichtman Capital Partners , a Los Angeles-based private equity firm, has acquired Nothing Bundt Cakes. Based in Addison, Texas, Nothing Bundt Cakes is a franchisor of gourmet bakeries offering specialty Bundt cakes and related merchandise items in more than 175 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.
Financial terms of the transaction were not disclosed.
We are excited to partner with Dena Tripp , Kyle Smith , and the rest of the management team who have led the company through a period of rapid growth, said Lauren Leichtman, co-founder and chief executive officer of LLCP. We look forward to working with management as they continue to increase system-wide sales, expand NBCs unit count and solidify NBCs position as the market leading franchisor of gourmet bakeries.
Ms. Tripp will retain significant ownership in the company and will serve as chairperson on the board of directors.
LLCPs long history of successfully investing in franchise businesses was attractive in selecting our new financial partner, Ms. Tripp said. LLCPs franchise expertise and resources will be critical in helping us move into our next phase of growth.
Roark Capital Buys Nothing Bundt Cakes
Roark Capital has acquired the 390-unit bakery chain Nothing Bundt Cakes from Levine Leichtman Capital Partners, the two private equity firms said on Friday.
Terms of the deal were not disclosed.
Nothing Bundt Cakes, or NBC, has more than doubled in size since Levine Leichtman bought the firm in 2016, when the chain had 175 locations. The chain generates $470 million in system sales in the U.S. and Canada.
Debbie Shwetz and Dena Tripp founded NBC in 1997. The chain is headquartered in Addison, Tex. It is known for its Bundt cakes made on site, ranging in size from bite-sized Bundtinis” to tiered Bundt cakes that serve 26.
The niche bakery shop is largely franchised, which is one of Roark Capitals primary specialties. In addition to numerous restaurant chainsincluding Dunkin owner Inspire Brands, Cinnabon owner Focus Brands and CKE Restaurantsthe private equity firm also owns a number of non-restaurant franchises. It recently acquired the cleaning services company ServiceMaster Brands, for instance. It is also a major investor in The Cheesecake Factory.
This is the 29th restaurant investment for Roark. Kyle Smith, CEO of Nothing Bundt Cakes, called Roark a best-in-class partner that shares our values of transparency and excellence and has a deep expertise with its incredible portfolio of brands.
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The Untold Truth Of Nothing Bundt Cakes
If you aren’t 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 mom’s 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 isn’t 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 you’re hankering for a slice, but you don’t 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. Let’s take a look at the expanding bakery chain serving up these insanely delicious cream cheese frosted cakes, and all of the flavors they offer.
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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Meet The Owners: Local Family Opens 1st Nothing Bundt Cake Location In Topeka
TOPEKA, Kan. Topeka is getting a sweet new business centered around bundt cakes.
If youve been driving on Wanamaker and 21st street in Topeka, youve probably seen a Nothing Bundt Cakes sign going up.
Nothing Bundt Cakes is a national bakery that sells, well, bundt cakes, and some other goodies as well. A bundt cake is a, cake that typically has a hole in the middle, owner Connie Casper said. And it has nice ridges. When you take it out of the pan, youre taking it out upside down so that it has a nice smooth curve top.
A Manhattan family is behind the reason for helping get the shop here, but for them, its more than cake. Its a memory that helped bring some happiness after a nearly fatal car crash. Owning a business has always been a goal for mom and son duo, Connie and Drew Casper.
I always dreamed of opening my own business, Drew said. So I decided this is a perfect opportunity to see exactly how it works, and what it takes.
For Connie, it took Drews life changing event for her to become a business owner.
For the last few years, Ive thought about owning my own business, Connie said. But after his accident, it really made me decide that I better do it now because you dont know what life brings from day to day.
In April of 2019, Drew was at Heartland Motorsports Park in Topeka. He was in the passenger seat when the driver lost control of the car, leaving Drew in the hospital and in a coma.
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 aGolden 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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Nothing Bundt Cakes Franchise Opportunities
In 1997, Friends Dena Tripp and Debra Shwetz cofounded Nothing Bundt Cakes outof Las Vegas. What started as an operation out of the womens kitchens meantto cater to their friends and family soon expanded to a full-fledged business.Nine years later, the business partners franchised their company, which hasspread to several states.
It’s A Business Born From A Shared Love Of Baking
Established in 1997 by Dena Tripp and Debbie Shwetz, Nothing Bundt Cakes is the result of two friends’ shared passion for delicious desserts . Baking up tempting treats for their friends and family was a specialty of both women. When the two combined forces, however, those little hobbies started to morph into a burgeoning business.
Told by many that their cakes were unlike anything they had ever tasted, how could the two friends do anything but go into business together? Realizing that, at the time, there was a giant need in the baking world for delicious cake, readily available, that didn’t compromise on quality, the pair launched Nothing Bundt Cakes with a shop in Las Vegas. Per their website, even though Nothing Bundt Cakes is now a nationwide success with over 410 bakeries nationwide, it still maintains the warmth and nostalgia of it’s home kitchen roots.
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Levine Leichtman Capital Partners Sells Nothing Bundt Cakes
Levine Leichtman Capital Partners , a Los Angeles-based private equity firm, announced today that it has sold its portfolio company NBC Holdings, LLC to Roark Capital .
Nothing Bundt Cakes is the market-leading franchisor and operator of gourmet bakeries offering specialty Bundt Cakes and retail gift items. The Companys products are handcrafted and baked on-site daily with high quality ingredients and proprietary formulations distributed by its in-house facilities. Nothing Bundt Cakes currently has nearly 400 locations in the U.S. and Canada. The Company was founded in 1997 and is headquartered in Addison, Texas.
Matthew Frankel, Managing Partner of LLCP, 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. 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.
Local Resident Excited To Share The Joy This Cake Brings
To me, Bundt Cakes equal happiness bringing happiness to others and receiving so much joy in return! exclaimed Amy DeLuca, who, along with husband Jay, owns the new bakery in Westerville. They opened a Nothing Bundt Cakes bakery in Columbus , where they both grew up and families still reside, and have now opened in the community that they now call home. Opening our second bakery is exciting and is allowing us to share our Bundt Cakes with so many more people! We love Westerville and hope to positively impact the community by bringing joy with our cakes. The community is invited to join in their grand opening festivities next week.
GRAND OPENING EVENTS
- 11:30 a.m. Ribbon cutting with the Westerville Area Chamber of Commerce
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About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 37-year track record of successfully investing across various targeted sectors, including franchising, professional services, education and engineered products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. This unique structure provides a less dilutive solution for management teams and entrepreneurs, while delivering growth and income with a significantly lower risk profile.
LLCPs global team of dedicated investment professionals is led by seven partners who have worked at LLCP for an average of 21 years. Since inception, LLCP has managed approximately $11.7 billion of institutional capital across 15 investment funds and has invested in over 90 portfolio companies. LLCP currently manages $8.2 billion of assets including its most recent flagship fund, Levine Leichtman Capital Partners VI, L.P., which closed in 2018 with $2.5 billion of committed capital and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm and The Hague.
Experience Consistency And Customizable Features
We have a very lean IT team here at our support office, so its challenging to manage any type of changes or configurations.
I was looking for a provider with knowledgeable customer support that could implement the basic system consistently each time we open a new bakery location, while also supporting franchisees who want to customize features.
Torregrossa also said he knew he wanted to use a VoIP-based provider.
The driving factor to go out and look for a new phone system was the quality. The capabilities you get with VoIP is far superior to traditional telephone lines, Torregrossa said.
Nothing Bundt Cakes learned about Nextiva from their Channel Partner, TRCA, an Intelisys subagent, who connected them with a Nextiva sales representative.
After going through a demo, the Nextiva sales representative was able to show us the back-end configuration. It looked user-friendly, which was important, Torregrossa explained.
Our bakery owners are busy and dont have the time to dedicate to learning complicated systems. They rely on tech support for proper configuration.
Therefore, the interface and the Nextiva Support team were a big selling point.
Before making the switch, Torregrossa thoroughly vetted the system to figure out how it would work in practice, and how they could scale it efficiently to both the headquarters and franchise locations.
After the analysis, Nothing Bundt Cakes decided to make Nextiva their preferred phone vendor.
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Who Owns Nothing Bundt Cakes In Troy Michigan
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Jones also announced that jazmyn, who owns and operates nothing bundt cakes in troy, michigan, is expecting a baby girl in february. Nothing bundt cakes was founded in las vegas in.
Bringing The Joy: Nothing Bundt Cakes Comes To Gainesville
Any occasion can be made better with cake! said Jocelyn King, co-owner/co-manager of the Gainesville bakery Nothing Bundt Cakes, which opened in April. My first two experiences with these cakes were at funerals, actually, so you might think I would have a negative connotation, but no! The bakery franchise specializes in perfect bundt cakes baked daily and expertly decorated. From red velvet to lemon to falls pumpkin spice, and from weddings to birthdays, and yes, funerals Nothing Bundt Cakes is built to elevate all types of celebrations.
Jocelyn and co-owner and partner Brianne Hout both live in Gainesville. The two met as youth ministers, working together on activities and budgets. Jocelyn and I are both mothers we each have four children and we hadnt been in the workforce for over a decade, shared Brianne. Jocelyn and her husband Jason had tried the cakes at Nothing Bundt Cakes in Fairfax, and they were such fans that they asked when the bakery was coming to Gainesville. Marge Kelly and Liz Wallen, who own both the Fairfax and Vienna locations, suggested the couple open that Gainesville shop, and with that the idea was born.
The Nothing Bundt Cakes franchise process is significant, including an application and discovery process period, Brianne said. As part of that, you do research through the corporate office, reaching out through them to bakeries around the country. We could ask them anything, and we learned so much.
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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.”