Nothing Bundt Cakes Shark Tank Episode

Nothing Bundt Cakes Shark Tank Episode

Nothing Bundt Cakes is a bakery chain specializing in bundt cakes, founded in 1997 by Dena Tripp and Debbie Shwetz in Las Vegas. The company has grown significantly since its inception, currently boasting over 600 locations across the United States and aiming to reach 1,000 locations by 2027.

Key Features of Nothing Bundt Cakes:

• Product Offering: The bakery is known for its moist bundt cakes topped with cream cheese frosting, available in various sizes, including Bundtinis, Bundtlets, and larger cakes for celebrations. They focus on using high-quality ingredients, avoiding preservatives and additives.
• Business Model: Nothing Bundt Cakes operates primarily as a franchise, with 98% of its locations being franchise-owned. The average bakery generates over $950,000 in revenue in its first year, potentially increasing to over $1.4 million by the fifth year.
• Financial Growth: In 2023, the company reported sales nearing $750 million, with plans to become a $1 billion brand by the end of 2027. The average unit volume is approximately $1.5 million, with top-performing locations achieving around $2 million in sales.
• Franchising Opportunities: The initial franchise fee is $35,000, with total investment costs ranging from $483,600 to $699,700. Franchisees are required to have a net worth of at least $750,000 and liquid capital of $250,000.
• Market Position: Nothing Bundt Cakes has positioned itself as a leader in the dessert shop category, which has seen a 52% increase in openings recently. The brand’s growth is fueled by a rising consumer trend towards sweet treats and gift-giving.

• Save

Nothing Bundt Cakes Shark Tank Episode Details

Entrepreneurs: Dena Tripp and Debbie Shwetz
Business: Bakery selling bundtlet cakes
Ask: Unknown
Result: No deal
Episode: Season 2, Episode 5

Pitch Details:

• Dena and Debbie pitched their bakery concept, which focused on selling bundtlet cakes in various flavors
• They provided samples of their cakes to the Sharks, which were well-received
• At the time, they had $27,000 in sales over 3 months, with cakes selling for $44.50 each at a cost of $18 to make

Shark Reactions:

• The Sharks were concerned about the founders’ ability to scale production, as they were the only ones baking the cakes at the time
• Kevin O’Leary, Kevin Harrington, Robert Herjavec, and Daymond John all went out due to the small size of the business
• Barbara Corcoran offered a deal of $1 per cake sold until she recouped her $50,000 investment, which the founders accepted

Aftermath and Update:

• The deal with Barbara Corcoran ultimately did not close
• However, Nothing Bundt Cakes continued to grow after the show, expanding to over 300 locations across the U.S.
• As of 2022, the company has an estimated annual revenue of over $500 million and is considered highly profitable

While Nothing Bundt Cakes did not secure a deal on Shark Tank, the exposure from the show helped propel the company’s growth. Today, it is a successful and profitable bakery franchise with a strong presence across the country.

What Was The Final Deal Offered To Nothing Bundt Cakes

The final deal offered to Nothing Bundt Cakes during their appearance on Shark Tank was from Barbara Corcoran, who proposed $50,000 for a 50% stake in the company. However, the deal ultimately did not close after the show.

Despite not securing a deal, the company has experienced significant growth and success since its appearance on Shark Tank. They have expanded to over 600 locations and are on track to reach 1,000 locations by 2027, indicating a strong market presence and profitability.

Was Nothing Bundt Cakes On Shark Tank?

Yes, Nothing Bundt Cakes did appear on Shark Tank. They were featured in Season 2, Episode 5, where founders Dena Tripp and Debbie Shwetz pitched their bakery concept focused on bundt cakes.During their pitch, they sought a deal but ultimately did not secure one. Barbara Corcoran offered $50,000 for 50% equity, but the deal did not close after the show.

Despite this, Nothing Bundt Cakes has since grown significantly, expanding to over 600 locations across the U.S. and becoming a highly successful franchise brand known for its quality cakes.

The exposure from Shark Tank contributed to their growth, and they have maintained a strong market presence since their appearance.

What Episode was Nothing Bundt Cakes in Shark Tank Episode?

Nothing Bundt Cakes appeared on Shark Tank in Season 2, Episode 5. This episode aired on October 30, 2010. The founders, Dena Tripp and Debbie Shwetz, pitched their bakery concept focused on bundt cakes, seeking investment to expand their business.