What was the net income (loss) for Aunt Millies Bakeries in 2022?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
-voting | | 141,327 8,070,989 | | 141,327 8,070,989 | | Contributed capital | | 1,117,524 | | 841,826 | | Accumulated other comprehensive income | | 6,501,368 | | (2,751,414) | | Retained earnings (accumulated deficit) | - | 15,846,911 | - | 6,318,431 | | Total stockholders' equity | | 13,040,911 | ( | 0,310,431 | | Total liabilities and stockholders' equity | $ | 117,073,938 | $ | 85,363,706 |
PERFECTION BAKERIES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS Years ended September 30, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Net sales | $ 437,724,626 | $ 368,147,696 |
| Cost of sales | 299,600,612 | 255,372,028 |
| Gross profit | 138,124,014 | 112,775,668 |
| Delivery and selling expenses |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the net income (loss) for the company in 2022 was a loss of $(5,256,940). This figure is derived from the consolidated statements of comprehensive income (loss) for Perfection Bakeries, Inc., the parent company of Aunt Millies Bakeries. This reflects the overall financial performance of the company during that year.
For a prospective franchisee, understanding the franchisor's financial health is crucial. A net loss, as indicated here for 2022, could signal potential financial instability or challenges within the company. While a single year's loss doesn't necessarily indicate long-term problems, it warrants further investigation. Franchisees should look for trends over several years to assess the franchisor's financial trajectory.
It's important to note that the FDD also includes financial data for 2023, which shows a net income of $14,199,697. This significant turnaround from a loss in 2022 to a substantial profit in 2023 suggests that Aunt Millies Bakeries may have implemented successful strategies to improve its financial performance. However, prospective franchisees should still conduct thorough due diligence, including consulting with financial advisors, to fully understand the implications of these financial results and assess the risks and opportunities associated with investing in an Aunt Millies Bakeries franchise.