What was the amount of the other liabilities for Aunt Millies Bakeries as of September 30, 2022?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
The following pages in Exhibit I contain the audited consolidated balance sheets of Perfection Bakeries, Inc. as of September 30, 2024 and 2023, and September 30, 2023 and 2022, and the related consolidated statements of income and/or operations, comprehensive income and/or loss and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
I am unable to provide the exact figure for "other liabilities" for Aunt Millies Bakeries as of September 30, 2022, based on the excerpts from the 2025 Franchise Disclosure Document. While the document references consolidated balance sheets, it does not specify the amount listed as "other liabilities".
To get this information, a prospective franchisee should carefully review Exhibit I, which contains the financial statements, or ask the franchisor directly for the specific figure of other liabilities as of September 30, 2022. Understanding this number is important for assessing the overall financial health and stability of Aunt Millies Bakeries.
Specifically, the franchisee should request a complete copy of the financial statements and review the liabilities section. This will provide a clearer picture of what constitutes "other liabilities" and their magnitude in relation to the company's total liabilities and assets. This due diligence is essential for making an informed investment decision.