The 2026 Nothing Bundt Cakes FDD moves the Item 7 estimated initial investment range from $667,100–$906,500 to $475,200–$994,100, and the system grows from 660 to 779 outlets (+18.0%) year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $667,100 | $475,200 | −$191,900 (−28.8%) |
| High end of range | $906,500 | $994,100 | +$87,600 (+9.7%) |
| Full range | $667,100–$906,500 | $475,200–$994,100 |
The 2026 filing puts the Item 7 estimated initial investment at $475,200–$994,100, against $667,100–$906,500 in the 2025 filing. The low end moves by −$191,900 (−28.8%) and the high end moves by +$87,600 (+9.7%), widening the band from $239,400 to $518,900.
2025 filing: Item 7 provides separate total estimated initial investment ranges based on bakery size (≤1,800 sq. ft. vs. >1,800 sq. ft.). 2026 filing: The estimated initial investment range in Item 7 is provided for a bakery sized 1,600 to 1,800 sq. ft.; larger bakery investment ranges and associated details are also disclosed in Item 7.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 660 | 779 | +119 (+18.0%) |
| Franchised outlets | 643 | 771 | +128 (+19.9%) |
| Company-owned outlets | 17 | 8 | −9 |
| Openings during the year | 101 | 129 | +28 |
| Closures during the year | 0 | 1 | +1 |
Nothing Bundt Cakes reports 779 outlets in the 2026 FDD, against 660 in the 2025 filing — a change of +119 (+18.0%).
Outlet counts as each filing states them — 2025: Fiscal year end 2024; 2026: Fiscal year ended December 31, 2025. Counts reflect only outlets in operation at fiscal year-end per Item 20. Transfer counts are detailed by state over a three-year period; use care as transfers are counted separately from non-renewals and terminations. Company-owned locations are operated by Bakery Holdco and reported distinctly.
Nothing Bundt Cakes included an Item 19 financial performance representation in both the 2025 and 2026 filings. The 2026 filing discloses net revenues, average sqft, average ye eclub count and avg large cake % and 13 further measures, broken out across 5 outlet segments for Fiscal year 2025; some tables also show historical ramp and recent resale performance (see notes).
Item 19 disclosures are based on FY 2025, with population sizes and segmentations varying by analysis (see headings and notes). Expense and profit data are provided only for those locations submitting complete financials and meeting operational duration requirements;
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Standard royalty rate | 6% | 6% | unchanged |
The standard royalty rate holds at 6% of Net Revenues across both filings.
2025 filing: Due on Tuesday of each week on Net Revenues during previous week ending Sunday; paid by EFT.