What was the approximate fair value of Aunt Millies Bakeries' investments at September 30, 2023?
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 fair value of their investments at September 30, 2023, was approximately $67,400. These investments primarily consist of common stock, treasury bonds, and mutual funds. The fair value is determined using level 1 inputs, which typically involve readily available market prices for identical assets.
For a prospective franchisee, this information provides insight into how Aunt Millies Bakeries manages its assets and ensures financial stability. Knowing the types and values of investments can give franchisees confidence in the company's financial health. The fact that the investments are valued using level 1 inputs suggests a transparent and reliable valuation process.
It's important to note that the value of these investments can fluctuate based on market conditions. While the FDD provides a snapshot of the fair value at a specific point in time, it does not guarantee future performance. Franchisees should consider this information as part of a broader assessment of Aunt Millies Bakeries's financial standing and risk profile.