What was the amount of cash paid during the year for interest by Aunt Millies Bakeries in 2024?
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 cash paid during the year for interest in 2024 was $1,482,822. This information is derived from the consolidated statements of cash flows for Perfection Bakeries, Inc., which includes Aunt Millie's Bakeries. The document also provides a comparative figure for the year 2023, which was $1,786,912.
This figure represents the actual cash outflow for interest expenses incurred by Aunt Millies Bakeries during its operations. Prospective franchisees can use this information to understand the company's financial obligations and how interest payments impact its overall cash flow. It's a component of assessing the financial health and stability of the franchisor.
Understanding the franchisor's cash flow management is crucial for franchisees. Knowing how much Aunt Millies Bakeries spends on interest can provide insights into its debt levels and financing strategies. This information, combined with other financial data in the FDD, helps potential franchisees evaluate the financial risks and opportunities associated with investing in an Aunt Millies Bakeries franchise.