What assets did the Manager contribute to the Company as part of the Securitization Transaction for Nothing Bundt Cakes?
Nothing_Bundt_Cakes Franchise · 2025 FDDAnswer from 2025 FDD Document
On July 30, 2021, as part of the Securitization Transaction, the Manager contributed to the Company substantially all of its intellectual property, including all trademarks and internet domains (collectively, the "Securitization IP"), as well as all franchise agreements, development agreements, and all rights to develop and expand substantially all franchising and licensing activities with respect to the Nothing Bundt Cakes brand (collectively, the "Franchise Assets").
Source: Item 23 — RECEIPTS (FDD pages 93–309)
What This Means (2025 FDD)
According to Nothing Bundt Cakes's 2025 Franchise Disclosure Document, as part of the Securitization Transaction on July 30, 2021, the Manager contributed specific assets to the Company. These assets included substantially all of its intellectual property, which encompasses all trademarks and internet domains, collectively referred to as the "Securitization IP."
In addition to intellectual property, the Manager also contributed all franchise agreements, development agreements, and all rights to develop and expand substantially all franchising and licensing activities related to the Nothing Bundt Cakes brand. These agreements and rights are collectively known as the "Franchise Assets."
For a prospective Nothing Bundt Cakes franchisee, this means that the core intellectual property and franchising rights are held by the Company due to this transaction. The Manager, Nothing Bundt Franchising, LLC, an affiliated company, performs services for the Company under a management agreement.