This is the season for possibilities and opportunities. Franchising that is. Whether or not you’re new to the franchising game, you landed here. Which means that you’re considering the possibility of adding a franchise business to your growing list of responsibilities. Or maybe you really have no responsibilities and are looking for something to get into.
So why not franchise?
Franchising can have many benefits as well as challenges. And before you ever think about signing into the agreement, you need to make sure that you know everything there is to know about the company and the requirements.
Chances are since you’re reading this, you thought about considering Nothing Bundt Cakes. Or maybe you landed here by accident and have no idea what I’m even talking about.
Regardless, you’re here now and you’re stuck with me. So step inside and walk with me as I take you on the journey of Nothing Bundt Cakes.
I’ll be going through the entire franchise opportunity that the company offers so that you can be clued in and have a better understanding of the entire process.
Ready or not, let’s dive in!
Contents
Nothing Bundt Cakes and a Wonderful Opportunity
If you’ve never heard of the company Nothing Bundt Cakes, where have you been hiding and can I hide out there every once in a while?
Just kind of kidding.
Anyway, Nothing Bundt Cakes is an incredible establishment that offers bundt cakes of course. But not just any regular bundt cakes. These cakes are beautifully made in different shapes and sizes. They are wonderfully made for every season and celebration.
It’s a taste of childhood from grandma’s bundt cakes mixed with a new-age flavor and edge. These cakes can be made as little ‘cupcakes’, regular-sized bundt cakes, tiered level cakes, and beautiful towers.
The frosting is beautifully drizzled on with a light and creamy texture. It really is a taste from home with that extra special touch. With ingredients that are always real and always fresh, you can’t go wrong with having one of these delectable treats at your table this holiday season.
And now that there is a franchise opportunity, you can enjoy these cakes at your dinner table (or hiding away from the kids) every night of the year.
Sounds pretty great, right?
But how does their franchise opportunity work? Let’s check it out.
The Technicalities
You can learn a lot about the franchise opportunity of a company just by looking into the records and data of previous and present franchises. The growth of franchise outlets can give you an idea of whether or not there is even any interest in the company’s opportunity.
And if there isn’t much growth, you may be able to assume that some franchises decided on not renewing or terminating their agreement, which would bring us to the next question.
What does the turnover rate say about the opportunity?
The turnover rate is calculated by adding up the total number of non-renewals, terminations, transfers, and ceased operations. That number is then divided by the total number of outlets that are currently running.
If this number is too high, it could indicate the poor health of the company’s franchises.
Since the beginning of the franchise opportunity in 2006, there has been a very generous growth. In 2010, there were only 21 outlets operating.
In 2016 that number grew to become 186. But what good is knowing the growth if we don’t know the turnover?
Well, the good news is, Nothing Bundt Cakes also has a great turnover rate. The rate is pretty low at only 3. Together, the growth and turnover rate gives us a good clue that the company is decently healthy and has a fabulous franchise opportunity.
Another factor that we need to check into is the financial transparency that the company does or does not offer its franchises. With Nothing Bundt Cakes, the company offers a high level of transparency, which is extremely beneficial for you if you are interested in this opportunity.
The company provides data on detailed expenses, average revenue, sales numbers from locations that are run by the company, and a few others when it comes to data and location.
This information is exceptionally helpful to have clarity and understanding on because you would not want to go in blind on a financial problem if there was to be any.
Cost and Requirements
Spending money is a necessity if you are going to be making money. And that’s no different when it comes to franchising. In fact, you’ll be investing quite a lot of your savings into the franchise business, but every company is different.
So how much will you shell out for Nothing Bundt Cakes? Their franchise fee is $30,000 and the total investment is anywhere from $400,000 to $570,000.
It’s a lot of money, but it is definitely worth it for this type of opportunity. Especially with the benefits that you get, like amazing tasting cakes!
This company also requires an ongoing royalty fee of 5% and an advertising fee of 1%. The ongoing fees are a little lower compared to the competition.
Just keep in mind that you will have to pay these fees based on your gross revenue. Since the initial term agreement is 10 years, you will have to keep these fees going every year.
The renewal term is also another 10 years. And while the ongoing fees will be the same, the franchise renewal fee may be different. So, it would be in your best interest to check with the company on what that cost is.
Nothing Left Bundt Fun
There is a lot that goes into franchising a company; it’s not all fun and games. But when you choose an incredible company that matches your needs and passion, you’ll be set.
With Nothing Bundt Cakes, they offer an exceptional opportunity that is filled with great tasting cakes and profit. Their requirements are not as bad as some of the competition and they have an excellent rating.
Overall, I believe this is one of the better franchise opportunities out there. It would always depend on your specific requests and needs for a franchise.
There will always be something better, but there will never be something better for you than what you desire. And if bundt cakes are your thing, then there is no greater than Nothing Bundt Cakes!
Why I Love Lead Generation Business More Than Anything Else Versus Franchising In 2019
I’ve been into different businesses over the years and none of them worked for me as much as the lead generation business did. Ever since I got into this in 2014—while I work 8 to 9 hours in a dreading day job – I am earning a steady passive income without constant worries.
This is because of the financial confidence I’ve developed through the lead generation coaching program I came across back then. Through my mentor, Dan, I learned the vital lesson I should’ve possessed earlier. The high-income skill.
Any business models you’d try, it won’t work unless if you have the skill every businessman should have. That kind of skill nobody can take away since it’s yours forever. That kind of skill that brings you fortune, wealth, and influence. That kind of skill that changes your life.
Compared to a franchising business, especially for an average Joe like me, I don’t have enough money to spend as much as $100,000 for the initial startup. And because I had my day job, I couldn’t take time to spend on a comprehensive market research the company wants me to comply.
And I’m certain you’re in the same situation as I was. You’re stuck in a day job. You have lots of bills to pay. You want a side income, a passive income that is.
You’re in a dire circumstance wanting a quick escape from a boring life and become a person of influence. This is where the lead generation business becomes enticing. Why?
Among other business models I’ve learned, nothing gives me a 100% guaranteed 90 to 95% profit margin. That’s almost a 100% ROI from a few hundred-dollar-investment. The other percentage is spent on the monthly expenses need for my lead gen sites to work.
Whereas in a franchising business, according to research, only 50% among the franchisees earn $50,000 and only 7% earn $250,000. If you are lucky enough to belong to that group, you’re indeed fortunate. But that isn’t the case for everyone.
Another plus point is that the longevity of the business is certain because the lead generation business itself has a long viability. Therefore, even in the next 20 years, your online business thrives. Why is this possible?
If you take a look at how Facebook and other online marketers do on the web to attract potential customers, you’d observe they’re using interrupt marketing to promote several—even the craziest ones—products.
They’re aware that their target market lurks around the internet. Nowadays, there are more and more internet users around the globe. Once you put this ad live on the worldwide web, you’re sure that this will be distributed to any part of the world. Across 7 continents.
This is what the Giants of the industry are taking advantage. They’re using every possible way to attract customers en route to the services they provide. But, here’s the problem.
Among the 30 million registered small business across the 42,000 zip codes in the US, only a few of them know how to position their selves right to their target market.
They know they have to put a website to increase their online visibility, however, they don’t actually know what they’re doing. They’re having their fingers crossed all the time. This isn’t what they want. Of course, they’re doing business. It’s essential for businesses to earn.
This is where you can be of help. Through our lead generation coaching program, you’ll learn how to erect the client’s virtual billboards to help them increase their visibility without annoying their potential market.
You’ll learn the exact steps I, as well as other successful online entrepreneurs, had undergone all these years en route to where I am now. To date, I am owning 88 lead gen sites generating leads for the clients with $50,000 monthly residual income.
Take a look at my first lead gen site I created for a Limo company in Lansing, MI. I only spent 6 hours to create the simple website as well as the ranking on Google search engine.
It doesn’t take that much time and effort to make one lead gen site but it gives me $750 monthly income for 4 years now. In 2019, I earned $36,000 from that site alone.
When it comes to maintenance, I don’t spend that much as I spend more or less $30 to $50 per month for these lead gen sites to run and continue generating leads for them, in exchange for the payment as agreed.
If you want to have the laptop lifestyle as a successful online entrepreneur, I encourage you to go and try our lead generation coaching program to give you the following:
- The High-Income Skill. This is the most essential part of our program, wherein you’ll learn how to be financially confident by honing this skill. It gives you the capacity to earn millions without being too sales-y to your clients. Further, it gives you the freedom you crave for by not worrying what happens to your digital assets because you know how to build your wealth quickly.
- The EXACT blueprint to 6- to 7-figure in residual income just like I and other successful online entrepreneurs learned and mastered over the years. This will guide you in building your own digital assets (lead gen sites) and generate many leads for your clients.
This is how powerful our program is. It’s amazing that you could be of help to other struggling small business owners through the knowledge and skills you learn from this. Go here to get started.