What was the amount of accrued stockholder distributions not paid by Aunt Millies Bakeries in 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
ailable for sale and are carried at fair value, determined using level 1 inputs. The investments consist principally of common stock, treasury bonds and mutual funds and had a cost of approximately $2.843.000 and $67,000 at September 30, 2024 and 2023, respectively. Fair value approximated $2,843,000 and $67,400 at September 30, 2024 and 2023, respectively.
NOTE 3 - CASH FLOWS
Supplemental disclosures of cash flow information for the year ended September 30, 2024 and 2023 are as follows:
| 2024 | 2023 | |
|---|---|---|
| Noncash investing and financing activities | ||
| Issuance of notes receivable - distributor routes, offset | ||
| by deferred revenue, net of adjustments | $ 907,561 | $ 665,946 |
| Accrued stock |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the amount of accrued stockholder distributions not paid in 2023 was $4,946,915. This figure reflects the accumulated profits or earnings allocated to stockholders that had not yet been disbursed by the end of the 2023 fiscal year.
For a prospective franchisee, this information provides insight into the financial management and capital allocation practices of Aunt Millies Bakeries. A high figure for accrued but unpaid distributions could suggest that the company is reinvesting profits back into the business rather than distributing them to shareholders, which may indicate a focus on growth and expansion.
However, it could also raise questions about the company's financial obligations and its ability to meet those obligations, including payments to its stockholders. It is important to note that this figure represents accrued distributions, not necessarily a debt owed to franchisees. Nevertheless, understanding how Aunt Millies Bakeries manages its finances is crucial for any potential franchisee assessing the overall stability and reliability of the franchise system.