table_specific

What was the gain from property disposal for Aunt Millies Bakeries in 2023?

Aunt_Millies_Bakeries Franchise · 2025 FDD

Answer from 2025 FDD Document

----------------------------------------------|-------------------------------------|---------------------------------------| | Net income (loss) | $ 14,199,697 | $ (5,256,940) | | Other comprehensive income (loss) Interest rate swap Change in benefit plans, net | | | | | (281,013) | 307,182 | | | 556,711 | (458,749) | | | 275,698 | (151,567) | | Comprehensive income (loss) | $ 14,475,395 | $ (5,408,507) |

PERFECTION BAKERIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Years ended September 30, 2023 and 2022

| | | 2023 | | 2022 | |------------

Source: Item 23 — RECEIPT (FDD pages 44–196)

What This Means (2025 FDD)

According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the gain from property disposal in 2023 was a loss of $339,370. This figure is part of the adjustments used to reconcile net income to net cash provided by operations.

A "gain from property disposal" typically refers to the profit or loss realized when a company sells or disposes of assets like land, buildings, or equipment. In Aunt Millies Bakeries's case, the figure is negative, indicating a loss on disposal. This loss could result from selling assets for less than their book value (original cost less accumulated depreciation) or from scrapping assets that are no longer usable.

For a prospective franchisee, this information provides insight into Aunt Millies Bakeries's asset management and financial performance. While a single year's loss on property disposal may not be a major concern, consistent losses could indicate issues with asset valuation, maintenance, or disposal strategies. It's important to note that this figure reflects the performance of the overall company, Perfection Bakeries, Inc., and may not directly impact the operations of an individual franchised location. However, the financial health of the franchisor is always a relevant consideration for franchisees.

Franchisees should consider this information in the context of the company's overall financial performance and ask the franchisor about the reasons for any significant gains or losses on property disposal. Understanding the franchisor's asset management practices can help franchisees assess the long-term stability and financial health of the franchise system.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.