Nothing Bundt Cakes
Source filing: WI · filed 2026-05-06
Item 5 — Initial franchise fee
$45,000 [p.20 · WI · 2026-05-06]
Item 6 — Recurring fees (royalty & advertising)
| Royalty | See FDD [p.21 · WI · 2026-05-06] |
|---|
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$475,200 [p.29 · WI · 2026-05-06] – $994,100 [p.29 · WI · 2026-05-06]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 643 [p.78 · WI · 2026-05-06] |
|---|---|
| Franchised outlets at end of year | 771 [p.78 · WI · 2026-05-06] |
| Net change in franchised outlets | 128 [p.78 · WI · 2026-05-06] |
| Transfers | 117 [p.83 · WI · 2026-05-06] |
| Terminations | 0 [p.89 · WI · 2026-05-06] |
| Non-renewals | 0 [p.89 · WI · 2026-05-06] |
| Ceased operations (other) | Not disclosed |
| Company-owned outlets at end of year | 8 [p.78 · WI · 2026-05-06] |
Item 19 — Financial performance representation
Headline cohort
All 545 franchised Bakeries operating at least 2 full fiscal years FY2025 · December 30, 2024 through December 28, 2025
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 545 [p.69 · WI · 2026-05-06] | $1,477,163 [p.69 · WI · 2026-05-06] | $1,336,380 [p.69 · WI · 2026-05-06] | $3,804,891 [p.69 · WI · 2026-05-06] | $334,360 [p.69 · WI · 2026-05-06] |
All disclosed cohorts (31)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| All 545 franchised Bakeries operating at least 2 full fiscal years FY2025 December 30, 2024 through December 28, 2025 |
545 [p.69 · WI · 2026-05-06] | $1,477,163 [p.69 · WI · 2026-05-06] | $1,336,380 [p.69 · WI · 2026-05-06] | $3,804,891 [p.69 · WI · 2026-05-06] | $334,360 [p.69 · WI · 2026-05-06] |
| Top 1/3 of 545 franchised Bakeries by Net Revenues FY2025 December 30, 2024 through December 28, 2025 profit/expense-type measure, not gross revenue |
182 [p.69 · WI · 2026-05-06] | $2,109,292 [p.69 · WI · 2026-05-06] | $1,990,303 [p.69 · WI · 2026-05-06] | $3,804,891 [p.69 · WI · 2026-05-06] | $1,574,722 [p.69 · WI · 2026-05-06] |
| Mid 1/3 of 545 franchised Bakeries by Net Revenues FY2025 December 30, 2024 through December 28, 2025 profit/expense-type measure, not gross revenue |
181 [p.69 · WI · 2026-05-06] | $1,358,821 [p.69 · WI · 2026-05-06] | $1,336,380 [p.69 · WI · 2026-05-06] | $1,562,223 [p.69 · WI · 2026-05-06] | $1,182,801 [p.69 · WI · 2026-05-06] |
| Bottom 1/3 of 545 franchised Bakeries by Net Revenues FY2025 December 30, 2024 through December 28, 2025 profit/expense-type measure, not gross revenue |
182 [p.69 · WI · 2026-05-06] | $962,724 [p.69 · WI · 2026-05-06] | $986,618 [p.69 · WI · 2026-05-06] | $1,182,216 [p.69 · WI · 2026-05-06] | $334,360 [p.69 · WI · 2026-05-06] |
| 101 franchised Bakeries opened in 2024 with 1 full year of operation FY2025 December 30, 2024 through December 28, 2025 |
101 [p.69 · WI · 2026-05-06] | $1,023,390 [p.69 · WI · 2026-05-06] | $941,492 [p.69 · WI · 2026-05-06] | $3,095,443 [p.69 · WI · 2026-05-06] | $318,533 [p.69 · WI · 2026-05-06] |
| 162 franchised Bakeries with leased space <=1,800 sq. ft. FY2025 December 30, 2024 through December 28, 2025 |
162 [p.70 · WI · 2026-05-06] | $1,571,830 [p.70 · WI · 2026-05-06] | $1,486,129 [p.71 · WI · 2026-05-06] | $3,657,303 [p.71 · WI · 2026-05-06] | $334,360 [p.71 · WI · 2026-05-06] |
| 383 franchised Bakeries with leased space >1,800 sq. ft. FY2025 December 30, 2024 through December 28, 2025 |
383 [p.70 · WI · 2026-05-06] | $1,437,121 [p.70 · WI · 2026-05-06] | $1,312,247 [p.71 · WI · 2026-05-06] | $3,804,891 [p.71 · WI · 2026-05-06] | Not disclosed |
| All 358 franchised Bakeries with P&L data operating at least 24 months FY2025 December 30, 2024 through December 28, 2025 |
358 [p.71 · WI · 2026-05-06] | $1,474,849 [p.71 · WI · 2026-05-06] | $1,344,437 [p.71 · WI · 2026-05-06] | Not disclosed | Not disclosed |
| Top 1/3 of 358 franchised Bakeries with P&L data by Net Revenues FY2025 December 30, 2024 through December 28, 2025 profit/expense-type measure, not gross revenue |
120 [p.71 · WI · 2026-05-06] | $2,094,047 [p.71 · WI · 2026-05-06] | Not disclosed | Not disclosed | Not disclosed |
| Mid 1/3 of 358 franchised Bakeries with P&L data by Net Revenues FY2025 December 30, 2024 through December 28, 2025 profit/expense-type measure, not gross revenue |
119 [p.71 · WI · 2026-05-06] | $1,353,396 [p.71 · WI · 2026-05-06] | Not disclosed | Not disclosed | Not disclosed |
| Bottom 1/3 of 358 franchised Bakeries with P&L data by Net Revenues FY2025 December 30, 2024 through December 28, 2025 profit/expense-type measure, not gross revenue |
119 [p.71 · WI · 2026-05-06] | $971,903 [p.71 · WI · 2026-05-06] | Not disclosed | Not disclosed | Not disclosed |
| 2018+ Vintages Year 1 (419 Bakeries open full 1-year period by December 28, 2024) First full year of operation |
419 [p.74 · WI · 2026-05-06] | $976,000 [p.74 · WI · 2026-05-06] | $906,000 [p.74 · WI · 2026-05-06] | $3,420,000 [p.74 · WI · 2026-05-06] | $293,000 [p.74 · WI · 2026-05-06] |
| 2018+ Vintages Year 2 (319 Bakeries open full 2-year period by December 28, 2024) Second full year of operation |
319 [p.74 · WI · 2026-05-06] | $1,038,000 [p.74 · WI · 2026-05-06] | $991,000 [p.74 · WI · 2026-05-06] | $2,404,000 [p.74 · WI · 2026-05-06] | $320,000 [p.74 · WI · 2026-05-06] |
| 2018+ Vintages Year 3 (236 Bakeries open full 3-year period by December 28, 2024) Third full year of operation |
236 [p.74 · WI · 2026-05-06] | $1,163,000 [p.74 · WI · 2026-05-06] | $1,114,000 [p.74 · WI · 2026-05-06] | $2,760,000 [p.74 · WI · 2026-05-06] | $560,000 [p.74 · WI · 2026-05-06] |
| 2018+ Vintages Year 4 (185 Bakeries open full 4-year period by December 28, 2024) Fourth full year of operation |
185 [p.73 · WI · 2026-05-06] | $1,232,000 [p.74 · WI · 2026-05-06] | $1,173,000 [p.74 · WI · 2026-05-06] | $2,477,000 [p.74 · WI · 2026-05-06] | $604,000 [p.74 · WI · 2026-05-06] |
| 2018+ Vintages Year 5 (136 Bakeries open full 5-year period by December 28, 2024) Fifth full year of operation |
136 [p.73 · WI · 2026-05-06] | $1,305,000 [p.74 · WI · 2026-05-06] | $1,242,000 [p.74 · WI · 2026-05-06] | $2,521,000 [p.74 · WI · 2026-05-06] | $660,000 [p.74 · WI · 2026-05-06] |
| 2018+ Vintages Year 6 (91 Bakeries open full 6-year period by December 28, 2024) Sixth full year of operation |
91 [p.73 · WI · 2026-05-06] | $1,376,000 [p.74 · WI · 2026-05-06] | $1,298,000 [p.74 · WI · 2026-05-06] | $2,634,000 [p.74 · WI · 2026-05-06] | $768,000 [p.74 · WI · 2026-05-06] |
| 2018+ Vintages Year 7 (42 Bakeries open full 7-year period by December 28, 2024) Seventh full year of operation |
42 [p.73 · WI · 2026-05-06] | $1,563,000 [p.74 · WI · 2026-05-06] | $1,432,000 [p.74 · WI · 2026-05-06] | $2,599,000 [p.74 · WI · 2026-05-06] | $874,000 [p.74 · WI · 2026-05-06] |
| 2022+ Vintages Year 1 (236 Bakeries open full 1-year period by December 28, 2024) First full year of operation |
236 [p.74 · WI · 2026-05-06] | $1,033,000 [p.74 · WI · 2026-05-06] | $967,000 [p.74 · WI · 2026-05-06] | $3,420,000 [p.74 · WI · 2026-05-06] | $293,000 [p.74 · WI · 2026-05-06] |
| 2022+ Vintages Year 2 (134 Bakeries open full 2-year period by December 28, 2024) Second full year of operation |
134 [p.74 · WI · 2026-05-06] | $1,067,000 [p.74 · WI · 2026-05-06] | $1,016,000 [p.74 · WI · 2026-05-06] | $2,404,000 [p.74 · WI · 2026-05-06] | $320,000 [p.74 · WI · 2026-05-06] |
| 2022+ Vintages Year 3 (51 Bakeries open full 3-year period by December 28, 2024) Third full year of operation |
51 [p.74 · WI · 2026-05-06] | $1,227,000 [p.74 · WI · 2026-05-06] | $1,134,000 [p.74 · WI · 2026-05-06] | $2,760,000 [p.74 · WI · 2026-05-06] | $747,000 [p.74 · WI · 2026-05-06] |
| Year 1 Net Revenues Density Group 1-25 First full year of operation as of FYE 2025 profit/expense-type measure, not gross revenue |
121 [p.75 · WI · 2026-05-06] | $644,000 [p.75 · WI · 2026-05-06] | $600,000 [p.75 · WI · 2026-05-06] | $1,564,000 [p.75 · WI · 2026-05-06] | $228,000 [p.75 · WI · 2026-05-06] |
| Year 1 Net Revenues Density Group 26-50 First full year of operation as of FYE 2025 profit/expense-type measure, not gross revenue |
125 [p.75 · WI · 2026-05-06] | $794,000 [p.75 · WI · 2026-05-06] | $769,000 [p.75 · WI · 2026-05-06] | $1,788,000 [p.75 · WI · 2026-05-06] | $219,000 [p.75 · WI · 2026-05-06] |
| Year 1 Net Revenues Density Group 51-75 First full year of operation as of FYE 2025 profit/expense-type measure, not gross revenue |
114 [p.75 · WI · 2026-05-06] | $864,000 [p.75 · WI · 2026-05-06] | $824,000 [p.75 · WI · 2026-05-06] | $1,822,000 [p.75 · WI · 2026-05-06] | $378,000 [p.75 · WI · 2026-05-06] |
| Year 1 Net Revenues Density Group 76+ First full year of operation as of FYE 2025 profit/expense-type measure, not gross revenue |
292 [p.75 · WI · 2026-05-06] | $1,025,000 [p.75 · WI · 2026-05-06] | $950,000 [p.75 · WI · 2026-05-06] | $3,420,000 [p.75 · WI · 2026-05-06] | $311,000 [p.75 · WI · 2026-05-06] |
| Resale analysis $1mm+ group Year Prior Full 12 months before resale transaction |
71 [p.76 · WI · 2026-05-06] | $1,414,000 [p.76 · WI · 2026-05-06] | $1,330,000 [p.76 · WI · 2026-05-06] | $2,567,000 [p.76 · WI · 2026-05-06] | $1,003,000 [p.76 · WI · 2026-05-06] |
| Resale analysis $1mm+ group Year After Full 12 months after resale transaction closed |
71 [p.76 · WI · 2026-05-06] | $1,502,000 [p.76 · WI · 2026-05-06] | $1,469,000 [p.76 · WI · 2026-05-06] | $2,773,000 [p.76 · WI · 2026-05-06] | $885,000 [p.76 · WI · 2026-05-06] |
| Resale analysis $1mm-$750K group Year Prior Full 12 months before resale transaction |
27 [p.77 · WI · 2026-05-06] | $880,000 [p.77 · WI · 2026-05-06] | $880,000 [p.77 · WI · 2026-05-06] | $989,000 [p.77 · WI · 2026-05-06] | $759,000 [p.77 · WI · 2026-05-06] |
| Resale analysis $1mm-$750K group Year After Full 12 months after resale transaction closed |
27 [p.77 · WI · 2026-05-06] | $979,000 [p.77 · WI · 2026-05-06] | $969,000 [p.77 · WI · 2026-05-06] | $1,330,000 [p.77 · WI · 2026-05-06] | $713,000 [p.77 · WI · 2026-05-06] |
| Resale analysis Sub-$750K group Year Prior Full 12 months before resale transaction |
14 [p.77 · WI · 2026-05-06] | $535,000 [p.77 · WI · 2026-05-06] | $617,000 [p.77 · WI · 2026-05-06] | $747,000 [p.77 · WI · 2026-05-06] | $111,000 [p.77 · WI · 2026-05-06] |
| Resale analysis Sub-$750K group Year After Full 12 months after resale transaction closed |
14 [p.77 · WI · 2026-05-06] | $845,000 [p.77 · WI · 2026-05-06] | $750,000 [p.77 · WI · 2026-05-06] | $1,385,000 [p.77 · WI · 2026-05-06] | $549,000 [p.77 · WI · 2026-05-06] |
“For purposes of this Part I, "Net Revenues" includes all revenues generated from all business conducted at or from a Bakery during the 2025 Fiscal Year, including amounts received from the sale, shipping and delivery of food items, other products” [p.69 · WI · 2026-05-06]
Extraction notes
- One or more Item 19 figures failed source verification and were removed.
- Item 7 totals were extracted with model assistance and verified against the cited page.
- An Item 19 cohort was relabeled as a profit-type measure and is not eligible as the headline revenue figure.