What was the balance of total equity for Aunt Millies Bakeries on September 30, 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
in other comprehensive income (loss) - Effective Portion | (281,013) | 307,182 | | Gain recognized in net income - Ineffective portion | 177,184 | - |
NOTE 14 - RELATED PARTY TRANSACTIONS
The Company has subordinated debt through stockholders and has various leases with related parties. Refer to Note 5 and Note 6 for further information of the related party debt and lease transactions, respectively.
NOTE 15 - STOCKHOLDERS' EQUITY
Changes in stockholders' equity for the years ended September 30, 2023 and 2022 is as follows:
| Total Equity | $ 11,736,622 (5,256,940) | (458,749) | 307,182 (9,684) | 6,318,431 | 14,199,697 | (281,013) (4,946,915) | $ 15,846,911 | |
|---|---|---|---|---|---|---|---|---|
| Retained | (Accumulated Deficit) | 2,515,210 (5,256,940) | • | _ | (2,751,414) | 14, 199,097 | (4,946,915) | $ 6,501,368 |
| Earnings | (9,684) | |||||||
| Accumulated | prehensive | 993,393 | (458,749) | 307,182 | 841,826 | 556,711 | (281,013) | $ 1,117,524 |
| Other Com- | Income | |||||||
| Contributed Capital | 8,070,989 | • | 8,070,989 | , , | $ 8,070,989 | |||
| ting | Amount | 141,327 | ' | 1 1 | 141,327 | $ 141,327 | ||
| Stock | ||||||||
| Non-voting | Number | 3,423,254 | a | 1 1 | 3,423,254 | 3,423,254 | ||
| Common Stock | of |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the balance of total equity on September 30, 2023, was $15,846,911. The FDD includes consolidated balance sheets for Perfection Bakeries, Inc. as of September 30, 2024 and 2023, and September 30, 2023 and 2022. These balance sheets are part of the audited consolidated financial statements of Perfection Bakeries, Inc.
The total equity figure is a critical indicator of the company's financial health. It represents the owners' stake in the company, calculated as the difference between assets and liabilities. A positive and growing equity balance generally suggests financial stability and profitability, which can be reassuring for prospective franchisees.
However, it's important to note that this figure is part of the consolidated financial statements, which include Perfection Bakeries, Inc., Perfection Distribution LLC, Perfection Associates LLC, and First Capital Acceptance Corporation. These entities operate under common management and ownership. Therefore, the total equity reflects the combined financial position of these entities, not just the Aunt Millies Bakeries brand itself.
Prospective franchisees should carefully review the complete financial statements and consult with a financial advisor to understand the implications of the total equity balance and the overall financial health of Perfection Bakeries, Inc. and its related entities. Understanding the financial stability of the entire organization is crucial for assessing the risks and opportunities associated with investing in an Aunt Millies Bakeries franchise.