Franchise venture produces $470M in systemwide sales
Private equity firm Roark Capital has acquired Nothing Bundt Cakes, a 390-unit gourmet bakery chain that offers specialty bundt cakes, through an affiliate. The franchisor and operator of 390 locations across the Untied States and Canada, with systemwide sales around $470M, will now tap the expertise and resources of Roark, which has invested thus far in franchise and multi-location brands with approximately $54B in sales.
“Roark is a best-in-class partner that shares our values of transparency and excellence and has deep expertise with its incredible portfolio of brands,” said Kyle Smith, Nothing Bundt Cakes chief executive. “We look forward to working with them to enhance support for our bakery owners and continue growing our system while maintaining the joy-giving experience our brand has offered guests for nearly 25 years.”
Nothing Bundt Cakes becomes Roark’s 29th restaurant investment and 92nd franchise/multi-location brand. The private equity firm has a particular knack of growing retail and restaurant chains.
“Nothing Bundt Cakes is a special brand with delicious products that are beloved by guests,” added Clay Harmon, managing director at Roark. “We have great admiration for what Kyle and his team have accomplished, and are excited to partner with them.”
Atlanta-based Roark Capital has invested in several noteworthy restaurant brands through its affiliates and restaurant companies that it has controlled. These include Miller’s Ale House, Corner Bakery (sold to Pandya Restaurant Group in 2020) and Arby’s Restaurants. Additional brands have been purchased through Roark’s Inspire Brands and Focus Brands restaurant companies, including Baskin-Robbins, Buffalo Wild Wings, Dunkin’ Brands, Jamba Juice, Jimmy John’s, and Sonic.
Click here for information about the publisher of this restaurant news site.