What were the capital expenditures for Perfection Bakeries, Inc., which is affiliated with Aunt Millies Bakeries, in 2023?
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 capital expenditures for Perfection Bakeries, Inc. in 2023, based on the 2025 Aunt Millies Bakeries Franchise Disclosure Document excerpts provided. While the excerpts include financial statements of Perfection Bakeries, Inc. and its subsidiaries, they do not contain a specific line item or discussion of capital expenditures. The financial documents included 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.
A prospective Aunt Millies Bakeries franchisee would need to consult the full 2025 FDD or request additional financial information from the franchisor to determine the capital expenditures of Perfection Bakeries, Inc. for a specific year. This information would be essential for understanding the financial health and investment activities of the affiliated company.
Specifically, a potential franchisee should ask Aunt Millies Bakeries for the complete audited financial statements of Perfection Bakeries, Inc., including the statement of cash flows, which typically details capital expenditures (also known as investments in property, plant, and equipment).