What was the lease expense for Aunt Millies Bakeries in 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| HIS ADVERTISING AGREEMENT | C (this " | Agreen | nent") is |
|---|---|---|---|
| made effective, 20 | , by | and | between |
| PERFECTION BAKERIES, INC., d/b | /a AUN] | MIL | LIE'S an |
| Indiana business corporation with its prin | ncipal of | ice at 3 | 350 Pearl |
| Street, Fort Wayne, Indiana 46802 (herein referred to as "A | AUNT M | ILLIE | 'S") and |
| [DISTRIBUTOR'S CORPORATE NAME], a | busii | ess co | rporation |
| with its principal office at [DISTRIBUTOR'S ADDRES | S], (here | n refei | rred to as |
| LESSOR"). |
In consideration of the mutual promises contained herein the parties agree as follows:
- DELIVERY VEHICLE ADVERTISING AGREEMENT: LESSOR agrees to rent to AUNT MILLIE'S for the limited purposes of advertising AUNT MILLIE'S Products, the outside painted surfaces of the primary delivery vehicle utilized by LESSOR in the operation of its business.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, specific lease expenses for Aunt Millies Bakeries in 2024 are not detailed. However, the document does mention advertising agreements where Aunt Millie's leases space on delivery vehicles and clothing worn by personnel.
The agreement for delivery vehicles states that Aunt Millie's agrees to pay $60 per week for advertising space on the primary delivery vehicle used by the lessor. Similarly, for clothing advertising, Aunt Millie's also agrees to pay $60 per week. These payments are in exchange for the lessor maintaining the vehicle and clothing in good condition, consistent with Aunt Millie's image.
It is important to note that these figures relate to advertising space rental, not traditional property leases. To understand the full scope of Aunt Millie's Bakeries' leasing obligations, a prospective franchisee should inquire about real estate leases, equipment leases (other than computer equipment), and other potential leasing costs associated with operating a franchise.