Does Nothing Bundt Cakes charge an initial franchise fee in connection with a transfer?

According to Nothing Bundt Cakes's 2025 Franchise Disclosure Document, the company does not charge an initial franchise fee when a franchise is transferred. However, the transferee must still meet certain requirements to be approved.

The proposed transferee must follow the same application procedures as a new franchisee. This includes meeting the brand's educational, managerial, and business standards, possessing a good moral character, business reputation, and credit rating, having the aptitude and ability to conduct the business, and having adequate financial resources and capital to meet the performance obligations under the franchise agreement. The transferee also cannot be in the same business as Nothing Bundt Cakes as either a licensor, independent operator, or licensee of any other bakery or chain of bakeries which is similar in nature or in competition with them, unless the transferee is an existing Nothing Bundt Cakes franchisee.

In addition to meeting the above requirements, the transferee must satisfactorily complete Nothing Bundt Cakes's initial training program at the transferee's expense within the timeframe specified by the company. The proposed transferee must also execute the then-current form of franchise agreement for the remaining unexpired term of the original agreement. The franchisee must pay a transfer fee of (i) Ten Thousand Dollars ($10,000) in the event of a transfer under Section 17.3(i); or (ii) Five Thousand Dollars ($5,000) in the event of a transfer under Sections 17.3(ii), (iii) and (iv).