What was the change in pension plan withdrawal liability for Aunt Millies Bakeries in 2022?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |||
|---|---|---|---|---|
| LIABILITIES | ||||
| Pension plan withdrawal liability | 11,746,895 | 12,288,529 |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the pension plan withdrawal liability decreased by $541,634 in 2023. In 2023, the pension plan withdrawal liability was $11,746,895, while in 2022, it was $12,288,529.
This information is relevant for prospective franchisees as it provides insight into the financial liabilities of Aunt Millies Bakeries. Pension plan withdrawal liabilities can be substantial and impact the company's overall financial health. A decrease in this liability could indicate improved financial stability or successful management of pension obligations.
It's important to note that this data reflects the overall financial position of Aunt Millies Bakeries and not necessarily the financial obligations of individual franchisees. However, understanding the financial health of the franchisor is crucial for assessing the stability and long-term viability of the franchise system. Prospective franchisees should review the full FDD and consult with financial advisors to fully understand the implications of these liabilities.