What exhibit contains the financial statements for Aunt Millies Bakeries?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit I Financial Statements
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 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the franchisor's financial statements are found in Exhibit I. This exhibit includes the audited consolidated balance sheets of Perfection Bakeries, Inc. as of September 30, 2024 and 2023, and September 30, 2023 and 2022.
Exhibit I also contains the related consolidated statements of income and/or operations, comprehensive income and/or loss, and cash flows for the years then ended. Notes related to the financial statements are also included in this exhibit.
As a prospective franchisee, reviewing these financial statements is crucial. They provide insight into the financial stability and performance of Aunt Millie's Bakeries, helping you assess the overall risk and potential of investing in the franchise. Analyzing these statements can help determine if the company is profitable, manages its debt effectively, and has a history of consistent financial performance.