In the Nothing Bundt Cakes Franchise Agreement, what do the terms 'we', 'us', and 'our' refer to?
Nothing_Bundt_Cakes Franchise · 2025 FDDAnswer from 2025 FDD Document
NBC Franchisor LLC ("we", "our" and the "Company"), a special purpose Delaware limited liability company, was organized on June 14, 2021. The Company is a direct, wholly owned subsidiary of NBC Funding LLC (the "Issuer"), which is a special purpose Delaware limited liability company that is a direct, wholly owned subsidiary of NBC SPV Guarantor LLC ("SPV Holdco") and an indirect, wholly owned subsidiary of NBC Holdings, LLC ("Parent").
The Company was formed in connection with a financing transaction (the "Securitization Transaction"), which was completed on July 30, 2021 (see Note 4), and serves as the "franchisor" of the Nothing Bundt Cakes Brand and owns all Franchise Assets, which includes all franchise agreements and intellectual property related to the business. The Company grants the rights to own and operate Nothing Bundt Cakes bakeries, which specialize in selling decorated bundt cakes and other related gift items. The Company grants each franchisee a transferable right and license to use the "System," the proprietary marks, and to market, sell, and provide the approved products in accordance with the Syste
Source: Item 23 — RECEIPTS (FDD pages 93–309)
What This Means (2025 FDD)
According to Nothing Bundt Cakes' 2025 Franchise Disclosure Document, the terms "we", "us" and "our" refer to NBC Franchisor LLC (the Company). NBC Franchisor LLC is a limited liability company organized in Delaware on June 14, 2021. The company is a direct, wholly owned subsidiary of NBC Funding LLC, which itself is a subsidiary of NBC SPV Guarantor LLC and an indirect subsidiary of NBC Holdings, LLC.
NBC Franchisor LLC was formed in connection with a financing transaction completed on July 30, 2021. The company serves as the franchisor of the Nothing Bundt Cakes brand. It owns all franchise assets, including franchise agreements and intellectual property related to the business.
As the franchisor, Nothing Bundt Cakes grants rights to own and operate Nothing Bundt Cakes bakeries. These bakeries specialize in selling decorated bundt cakes and related gift items. Nothing Bundt Cakes grants each franchisee a transferable right and license to use the "System," proprietary marks, and to market, sell, and provide approved products in accordance with the System.