What was the gross profit for Aunt Millies Bakeries for the year ending September 30, 2022?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Perfection Bakeries, Inc., which comprise the consolidated balance sheets as of September 30, 2023 and 2022, and the related consolidated statements of operations, comprehensive income (loss), and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Perfection Bakeries, Inc. as of September 30, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements of Perfection Bakeries, Inc., which include Aunt Millies Bakeries, were audited for the years ending September 30, 2023, and 2022. While the FDD includes consolidated statements of operations, comprehensive income (loss), and cash flows, it does not explicitly state the gross profit for Aunt Millie's Bakeries for the year ending September 30, 2022.
To determine the gross profit, a prospective franchisee should carefully review the complete audited financial statements included as exhibits in the FDD. Gross profit is typically calculated as revenue less the cost of goods sold. This figure is a key indicator of the company's efficiency in managing its production costs and pricing strategies.
Since the specific gross profit figure is not provided, it is essential for potential franchisees to ask Aunt Millies Bakeries' franchisor for clarification on this number during their due diligence. Understanding the gross profit margin can help franchisees assess the potential profitability and financial health of the franchise.