If my equity is $75,000, what is the payment time frame for Aunt Millies Bakeries?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
ording to the payment schedule below:
| Amount of Your Equity | Payment Time Frame |
|---|---|
| <=$10,000 | 30 days after closing |
| >$10k, but <= $50k | Evenly at 30, 60, 90 da |
Source: Item 10 — FINANCING (FDD pages 21–24)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, if your equity is $75,000, the payment timeframe is evenly split across six installments. These payments are due at 30, 60, 90, 120, 150, and 180 days, starting 30 days after closing. This payment schedule applies if your equity falls within the range of greater than $50,000 but less than or equal to $100,000.
This structured payment plan could help franchisees manage their cash flow during the initial months of operation. By spreading the equity payment over six months, franchisees have more time to generate revenue and allocate funds accordingly. This can be particularly beneficial for covering startup costs and other immediate expenses.
It's important to note that these payment terms are subject to change at the discretion of FCAC (First Capital Acceptance Corp.). Prospective franchisees should confirm the current payment terms and conditions with Aunt Millies Bakeries and FCAC before finalizing any agreements. Understanding the specific payment schedule and any potential changes is crucial for financial planning and ensuring a smooth transition into the franchise system.