What was the net income for Aunt Millies Bakeries in 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
on-voting | | 141,327 | | 141,327 | | Contributed capital | | 8,070,989 | | 8,070,989 | | Accumulated other comprehensive income | | 1,398,589 | | 1,117,524 | | Retained earnings | _ | 17,231,695 | | 6,501,368 | | Total stockholders' equity | | 26,858,303 | | 15,846,911 | | Total Statistical System | | | | | | Total liabilities and stockholders' equity | $ | 126,654,714 | $ | 117,073,938 |
PERFECTION BAKERIES, INC. CONSOLIDATED STATEMENTS OF INCOME Years ended September 30, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Net sales | $ 462,702,057 | $ 437,724,626 |
| Cost of sales | 311,115,028 | 299,549,850 |
| Gross profit | 151,587,029 | 138,174,776 |
| Delivery and selling expenses G |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the company's net income for the year 2023 was $14,199,697. This figure represents the profit remaining after deducting all expenses, including the cost of sales, delivery and selling expenses, general and administrative expenses, interest expense, and income tax expense, from the net sales.
Net income is a key indicator of a company's profitability and financial health. For a prospective Aunt Millies Bakeries franchisee, this information provides insight into the overall financial performance of the company. A higher net income generally suggests a more stable and successful franchisor, which can be a positive sign for potential franchisees.
It's important to note that this net income reflects the consolidated financial performance of Perfection Bakeries, Inc., along with its subsidiaries, including Perfection Distribution LLC, Perfection Associates LLC, and First Capital Acceptance Corporation. These entities operate under common management and ownership, contributing to the overall financial picture presented in the FDD.