How many Nothing Bundt Cakes franchises were transferred in the state of Washington during 2023?
Nothing_Bundt_Cakes Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Washington | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 80–93)
What This Means (2025 FDD)
According to Nothing Bundt Cakes's 2025 Franchise Disclosure Document, there was one franchise transfer in Washington during 2023. This information is based on the provided table that outlines the number of franchise transfers by state and year. Franchise transfers occur when an existing franchisee sells their business to a new owner, subject to the franchisor's approval.
For a prospective franchisee, the number of transfers can be an indicator of the health and stability of the franchise system. A low number of transfers could suggest franchisee satisfaction, while a high number might warrant further investigation into the reasons behind the transfers. It is important to note that transfers are a normal part of any franchise system as franchisees retire or pursue other opportunities.
In addition to the specific number of transfers, the FDD provides further details in Exhibit F and G regarding current and former franchisees. This information can be valuable for prospective franchisees to gain insights into the experiences of others within the Nothing Bundt Cakes system. However, it's important to be aware that some franchisees may have signed confidentiality agreements that limit their ability to speak openly about their experiences.