- Franchise 500 Rank
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N/R Not ranked last year
- Initial investment
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$131K - $170K
- Units as of 2021
-
1
Bake It On Wheels is a party and event planning franchise that offers a fully equipped mobile bakery and various confectionery treats that satisfy all age groups while providing the wow factor with in-and-out bus details.
The Bake It On Wheels concept came out of founder Natasha O’Connor’s passion for baking cakes, which she’s been doing for over a decade, and her deep love for kids. In 2019, O’Connor founded Bake It On Wheels and hired her first employee - her daughter, Brianna. The company is now offering franchise opportunities to those who want a taste of the sweet world of Bake It On Wheels.
Why You May Want To Start a Bake It On Wheels Franchise
If you love all things cute and candied and are serious about pursuing a franchise opportunity, Bake It On Wheels could be just what you’re looking for. And you will have options, whether you want to invest in a single unit franchise in a protected territory, which you get to choose, or in an area development plan that lets you secure a bigger territory for multiple Bake It On Wheels locations.
With your initial investment, you will get the whole package of a turnkey business that comes with a fixed and repeatable process en route to the potential growth of your franchise. And with the interest and excitement that Bake It On Wheels’s aesthetics may naturally draw, organic marketing for your business becomes inevitable. Party guests will share their photos and experiences everywhere on social media, and you could get more publicity at no extra cost.
What Might Make a Bake It On Wheels Franchise a Good Choice?
What makes the Bake It On Wheels franchise unique is the concept itself. Not many franchises specialize in the baking party, event, and entertainment niche. With less competition, there is more room for your franchise to grow and stand out.
To be part of the Bake It On Wheels team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
Bake It On Wheels has partnered with third party financial lenders that may help you cover the costs of the franchisee fee, startup, equipment, inventory, accounts receivable, and payroll.
How To Open a Bake It On Wheels Franchise
As you decide if opening a Bake It On Wheels franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Bake It On Wheels franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Bake It On Wheels franchising team questions.
Company Overview
About Bake It On Wheels
| Industry | Children's Businesses |
|---|---|
| Related Categories | Children's Enrichment Programs: Miscellaneous, Children's/Family Entertainment, Children's Education/Enrichment |
| Founded | 2019 |
| Leadership | Natasha O'Conner, CEO |
| Corporate Address |
14825 S.W. 137TH St. Miami, FL 33196 |
Business Overview
| Franchising Since | 2021 (3 years) |
|---|---|
| # of employees at HQ | 9 |
| Where seeking |
This company is offering new franchises in the following US states: Florida |
| # of Units | 1 (as of 2021) |
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|
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Information for Franchisees
Here's what you need to know if you're interested in opening a Bake It On Wheels franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
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$25,000 |
|---|---|
|
Initial Investment
|
$131,250 - $170,300 |
|
Net Worth Requirement
|
$25,000 |
|
Cash Requirement
|
$25,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
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7 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Bake It On Wheels has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 62 hours |
|---|---|
| Classroom Training | 15 hours |
| Ongoing Support |
Site Selection
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
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Can this franchise be run from home/mobile unit?
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Yes |
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Can this franchise be run part time?
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No |
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Are exclusive territories available?
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No |
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