Latest news with #FSInvestors
Miami Herald
08-05-2025
- Business
- Miami Herald
Popular cake chain sells multiple bakeries to make a major move
Nearly every mother or grandmother has a secret recipe passed down for generations. This dish becomes everyone's favorite and is always the star at every family gathering, but it stays within family and friends most of the time. One popular cake chain began as a fun hobby for two Las Vegas moms with excellent baking skills and a dream of opening their own specialty cake shop. The two got together to fuse their secret recipes and made a chocolate Bundt cake with cream cheese frosting that was a big hit. Don't miss the move: Subscribe to TheStreet's free daily newsletter Their community became enamored with the pair's homemade Bundt cakes, and after realizing how lucrative their creations could be, they took a leap of faith and founded their cake shop in 1997. Related: McDonald's menu adds experimental new items fans will love Although it all began inside a home kitchen, this chain has become the largest specialty cake company nationwide, with nearly 700 locations in over 40 U.S. states and Canada. Image source: Bisping/Star Tribune via Getty Images Nothing Bundt Cakes has sold nine of its company-owned bakeries in San Diego, California, to the private equity firm FS Investors. Although this surprising business move might seem like a concerning development, it's actually the first step in a huge expansion plan and a milestone in the brand's long-term growth strategy. Neither Nothing Bundt Cakes nor FS Investors has disclosed any specifics of the deal. However, they made one shocking revelation that will make the San Diego community very happy. Related: Another fast-food burger chain is quietly closing locations As part of the sale of its bakeries, FS Investors also signed a development agreement to build 16 new bakeries throughout the San Diego area to accelerate the cake chain's expansion. Although 10 states have yet to taste Nothing Bundt Cakes' creations, this major development is another step toward making its cakes available in every state, as the company aims to more than double its units in the next few years. "Our focus at Nothing Bundt Cakes is to accelerate growth and build upon the record that we set of over 100 new bakeries in 2024," said Nothing Bundt Cakes CEO Dolf Berle. "Selling our San Diego company-owned bakeries to FS Investors gives them a platform from which they can build a significant number of new bakeries in this region." In celebration of Mother's Day on May 11, Nothing Bundt Cakes is launching the "Nothing Bundt Moms Mother's Day Sweepstakes." From April 29 through May 12, customers can enter the sweepstakes for the chance to win a $3,000 prize or one of 10 $100 Nothing Bundt Cakes gift cards to gift to their mothers or a special woman in their lives. More Retail News: Iconic fast-food burger chain unveils surprising new locationsBurger King lawsuit over questionable Whopper claim moves forwardAfter closing stores, Walmart makes a big addition However, that's not all. The cake chain has also unveiled its new Mother's Day-themed Bundt Cakes, Bundtinis, and Bundtlet Towers, as well as its seasonal flavor, Lemon Blueberry. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
07-05-2025
- Business
- Yahoo
Nothing Bundt Cakes divests nine company-owned San Diego bakeries
Dallas, US-based bakery chain Nothing Bundt Cakes has sold nine company-owned bakeries in the San Diego market to private equity firm FS Investors. Nothing Bundt Cakes has not disclosed the terms of the agreement, which represents a key milestone in the brand's long-term growth strategy and allows it to further speed up expansion in one of its most promising regions. FS Investors has signed a development agreement to construct 16 further bakeries in the San Diego area. Nothing Bundt Cakes has around 700 locations in the US and Canada. The company's Bakeries Bring the Joy offers handcrafted Bundt Cakes for pickup or delivery in a range of flavours and sizes including Bundtinis, the brand's cupcake-sized Bundt Cakes, personal-sized Bundtlets and 8-inch and 10-inch Bundt Cakes. Nothing Bundt Cakes CEO Dolf Berle stated: "Our focus at Nothing Bundt Cakes is to accelerate growth and build upon the record that we set of over 100 new bakeries in 2024. "Selling our San Diego company-owned bakeries to FS Investors gives them a platform from which they can build a significant number of new bakeries in this region.' FS Investors will spearhead the regional growth of Nothing Bundt Cakes, aiming to more than double its bakery count. Commenting on the acquisition, a spokesperson for FS Investors stated: "As owners and operators who live in the San Diego area, we are tremendously excited to add the Nothing Bundt Cakes brand to our family of companies. "The opportunity to be owners in this fast-growing concept — with strong return-on-capital characteristics for new bakery builds — is very exciting for us. We look forward to bringing joy to the San Diego community through this award-winning product and guest experience." "Nothing Bundt Cakes divests nine company-owned San Diego bakeries" was originally created and published by Verdict Food Service, a GlobalData owned brand.
Malaysian Reserve
06-05-2025
- Business
- Malaysian Reserve
Nothing Bundt Cakes Sells Nine San Diego Company-Owned Bakeries to FS Investors to Accelerate Regional Expansion; Continues Rapid Growth
DALLAS, May 6, 2025 /PRNewswire/ — Nothing Bundt Cakes, a leading, high-growth franchisor of specialty bakeries, today announced the sale of nine company-owned bakeries in the San Diego market to FS Investors. Along with the sale, FS Investors has signed a development agreement to build 16 additional bakeries in the San Diego area. The transaction represents a key milestone in the brand's long-term growth strategy and positions the company to further accelerate expansion in one of its most promising regions. The transaction positions the company to further accelerate expansion in one of its most promising regions. Nothing Bundt Cakes was recently named America's No. 1 Overall Restaurant Chain in Technomic's America's Favorite Chains survey. It was also the top choice among Gen Z and millennial consumers in the limited-service category. Nothing Bundt Cakes' passionate and growing consumer following has supported continued unit expansion to nearly 700 locations across the U.S. and Canada. The brand continues to deliver strong performance driven by a beloved product with new and exciting flavors, industry-leading unit-level economics, and significant whitespace for continued expansion. With this sale, FS Investors will take the lead in expanding Nothing Bundt Cakes' presence throughout the region, with plans to more than double the number of bakeries in the years ahead. 'Our focus at Nothing Bundt Cakes is to accelerate growth and build upon the record that we set of over 100 new bakeries in 2024,' said Dolf Berle, CEO of Nothing Bundt Cakes. 'Selling our San Diego company-owned bakeries to FS Investors gives them a platform from which they can build a significant number of new bakeries in this region. FS Investors brings deep knowledge of the San Diego market, a strong cultural alignment with Nothing Bundt Cakes, and a commitment to growth. Their local roots and track record as operators make them ideal stewards of the brand in Southern California. We are delighted to partner with FS Investors to build out the San Diego region in the coming years.' 'As owners and operators who live in the San Diego area, we are tremendously excited to add the Nothing Bundt Cakes brand to our family of companies,' said a spokesperson for FS Investors. 'The opportunity to be owners in this fast-growing concept—with strong return-on-capital characteristics for new bakery builds—is very exciting for us. We look forward to bringing joy to the San Diego community through this award-winning product and guest experience.' With broad consumer appeal, strong unit-level performance, and substantial room for expansion, Nothing Bundt Cakes is well-positioned to continue its trajectory as a category leader in the years ahead. About Nothing Bundt Cakes Founded in 1997, Dallas-based Nothing Bundt Cakes is the nation's largest specialty cake company, with nearly 700 franchised and corporate bakeries in 40-plus states and Canada and growing. Bakeries Bring the Joy® by offering handcrafted Bundt Cakes for pickup or delivery in a variety of flavors and sizes, such as Bundtinis®, the brand's cupcake-sized Bundt Cakes, personal-sized Bundtlets and 8- and 10-inch Bundt Cakes, plus decorations and gift options for life's 'just because' moments and special celebrations. Named by Technomic as America's No. 1 Favorite Restaurant Chain and by Yelp as its 2023 No. 2 Most Loved Brand, Nothing Bundt Cakes has also earned industry recognition that includes Entrepreneur's Franchise 500® ranking and Franchise Business Review's Franchise Hall of Fame. For more information about Nothing Bundt Cakes, visit To learn more about franchising opportunities, visit Media Contact: Amy Lawler Good Good Marketing 972-467-0392 cell View original content to download multimedia: SOURCE Nothing Bundt Cakes
