Does Aunt Millies Bakeries make any representations about a franchisee's future financial performance?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting George Long, Vice President of Risk Management, at 230 Bluffton Road, Fort Wayne, Indiana 46809, phone: 260/424- 8245, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS REPRESENTATIONS REGARDING EARNINGS CAPABILITY (FDD page 37)
What This Means (2025 FDD)
According to the 2025 FDD, Aunt Millie's Bakeries does not make any representations about a franchisee's future financial performance, nor do they provide information on the past financial performance of company-owned or franchised outlets. This means that Aunt Millie's Bakeries does not offer any guarantees or projections regarding potential earnings for franchisees. Furthermore, Aunt Millie's Bakeries does not authorize its employees or representatives to make any financial performance representations, either verbally or in writing.
However, if a prospective franchisee is purchasing an existing Aunt Millie's Bakeries outlet, the franchisor may provide the actual records of that specific outlet. This allows the potential franchisee to review the financial history of the business they are considering acquiring. The FDD stipulates that if a potential franchisee receives any other financial performance information or projections about their future income, they should report it to George Long, Vice President of Risk Management, at 230 Bluffton Road, Fort Wayne, Indiana 46809, phone: 260/424- 8245, the Federal Trade Commission, and the appropriate state regulatory agencies.
Given this policy, it is crucial for potential Aunt Millie's Bakeries franchisees to conduct their own thorough financial analysis and due diligence. This may involve creating a detailed business plan, consulting with financial advisors, and carefully evaluating market conditions in their specific territory. Relying solely on one's own investigation is particularly important since Aunt Millie's Bakeries provides no earnings claims in its FDD.