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Nothing Bundt Cakes vs Breadsmith — which franchise is the better buy?

Side by side from the public FDDs — no franchisor spin.

	Nothing Bundt Cakes	Breadsmith
Disclosure honesty	B	B
Investment from	$667,100	$330,210
Total fees	11%	8.5%
Outlets	660	32
Lawsuits	1	0

Nothing Bundt Cakes: what their numbers say

Discloses average Net Revenues ($1.48M), 4-Wall EBITDA (~21.6% avg), COGS, labor, occupancy breakdowns for 297 bakeries. Excludes owner salary from EBITDA, omits D&A, interest, taxes; cherry-picks mature, top-performing subset.

Breadsmith: what their numbers say

2024 calendar year gross sales for 16 franchised main stores (avg $1.21M, range $390K-$5M) and 6 satellite stores. Excludes transfers. COGS 20-25%, labor 35-46%. Does not include operating expenses, royalties, or fees.

Get the real owner take-home for either — $149

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