What was the approximate cost of Aunt Millies Bakeries' investments at September 30, 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
e entity has the ability to access as of the measurement date.
- Level 2 Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
- Level 3 Significant unobservable inputs that reflect a Company's own assumption
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the company's investments, consisting primarily of common stock, treasury bonds, and mutual funds, had an approximate cost of $2,843,000 as of September 30, 2024. The fair value of these investments was also approximately $2,843,000 on the same date.
In comparison, the cost of these investments at September 30, 2023, was approximately $67,000, with a fair value of approximately $67,400. This indicates a substantial increase in the company's investment portfolio over the course of one year.
For a prospective franchisee, this information provides insight into the financial management and investment strategies of Aunt Millies Bakeries. While franchisees are not directly involved in these investment decisions, the financial health and stability of the parent company can impact the support and resources available to franchisees. A significant increase in investments may suggest strong financial performance and a commitment to long-term growth.