What was the end date of the most recent fiscal year mentioned in the Aunt Millies Bakeries FDD?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
Item 21 FINANCIAL STATEMENTS
The attached Exhibit I includes the following:
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.
Our fiscal year ends on September 30.
Source: Item 5 — INITIAL FEES (FDD page 12)
What This Means (2025 FDD)
According to the 2025 Aunt Millie's Bakeries Franchise Disclosure Document, the company's fiscal year ends on September 30th. The document includes audited consolidated balance sheets as of September 30, 2024 and 2023, along with related financial statements for the years then ended.
This means that the financial performance and position of Aunt Millie's Bakeries are assessed and reported annually up to September 30th. Prospective franchisees reviewing the FDD can examine these financial statements to understand the company's recent financial health and trends.
Understanding the fiscal year-end is crucial for interpreting the financial data presented in the FDD. Franchisees can use this information to benchmark Aunt Millie's Bakeries' performance against other companies in the industry and assess the potential risks and rewards of investing in the franchise.