How many company-owned Aunt Millies Bakeries outlets were operating at the start of 2023?

According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, at the start of 2023, there were 376 company-owned outlets. This information is part of a broader overview of outlet status and changes within the Aunt Millies Bakeries system over the years. The document provides a detailed breakdown of both franchised and company-owned outlets, including the number of outlets at the beginning and end of each year, as well as the net change. This data helps prospective franchisees understand the overall dynamics of the Aunt Millies Bakeries network.

Specifically, the table in Item 20 outlines the number of company-owned outlets at the start of 2023, which is a key indicator of the company's operational footprint. The table also shows how the number of company-owned outlets changed throughout 2023, increasing from 376 to 391 by the end of the year, representing a net increase of 15 outlets. This detailed tracking of outlet numbers provides transparency and allows potential franchisees to assess the growth and stability of the Aunt Millies Bakeries business model.

For a prospective franchisee, understanding these numbers is crucial for evaluating the health and expansion of Aunt Millies Bakeries. The data on company-owned outlets, in comparison to franchised outlets, can offer insights into the company's strategic focus and resource allocation. It is important to note that these figures are as of September 30th, so the numbers may vary slightly if calculated at a different point in time. Reviewing these figures in conjunction with other sections of the FDD, such as Item 19 (Financial Performance Representations), can provide a more comprehensive understanding of the Aunt Millies Bakeries franchise opportunity.