What is the Aunt Millies Bakeries distributor required to remit to Aunt Millies Bakeries?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
rdance with §3.2 above, and receivables purchased pursuant to §3.5, below. The profit margins on the Products sold by DISTRIBUTOR will be established by AUNT MILLIE's and are subject to change at any time.. DISTRIBUTOR agrees that Non-Recurring Charges noted on Form IO13 attached to this Agreement as Schedule "C" will be assessed and deducted from the weekly settlement, whether or not DISTRIBUTOR signs said form. DISTRIBUTOR acknowledges and agrees that the charges on Schedule C" (Form IO13) are subject to change by AUNT MILLIE's at any time.
- §3.5 PURCHASE OF RECEIVABLES: AUNT MILLIE'S shall purchase from DISTRIBUTOR, and the DISTRIBUTOR HEREBY sells, assigns and transfers to AUNT MILLIE'S, all of DISTRIBUTOR'S right, title and interest in and to all of DISTRIBUTOR'S properly filled out and executed charge slips, all existing and future Accounts arising from the sale of Products to Chains or Outlets in the Sales Area and all proceeds thereof from the DISTRIBUTOR, at their face value, net of all discounts, free and clear of all liens, security agreements and encumbrances, other than in favor of, or permitted (in writing) by, AUNT MILLIE'S and its principal lender. AUNT MILLIE'S shall credit DISTRIBUTOR'S account therefor. DISTRIBUTOR shall promptly remit all such slips to AUNT MILLIE'S. If any Chain elects to settle with DISTRIBUTOR on the basis of scan results, rather than charge slips, the credit to DISTRIBUTOR shall be adjusted for any difference between the charge slip and the actual sales reflected by the scan sale data.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, distributors are required to remit several payments to Aunt Millies Bakeries. Specifically, Aunt Millies Bakeries purchases the distributor's rights, title, and interest in charge slips and accounts from the sale of products to chains or outlets at face value, after discounts. The distributor must promptly remit all such charge slips to Aunt Millies Bakeries. If a chain settles with the distributor based on scan results instead of charge slips, the credit to the distributor will be adjusted to reflect any difference between the charge slip and the actual sales data from the scan.
Additionally, Non-Recurring Charges noted on Form IO13 attached to the agreement as Schedule "C" will be assessed and deducted from the weekly settlement, regardless of whether the distributor signs the form. The charges on Schedule C (Form IO13) are subject to change by Aunt Millies Bakeries at any time.
Furthermore, on or before Friday of each week, the distributor and Aunt Millies Bakeries must settle their accounts for all products delivered to the distributor during the preceding week. This settlement acknowledges the distributor's credit for any off-code or damaged products that Aunt Millies Bakeries repurchased, as well as receivables purchased according to Section 3.5 of the agreement.