What were the proceeds received from the sale of property for Aunt Millies Bakeries in 2022?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
----------------------------------------------|-------------------------------------|---------------------------------------| | Net income (loss) | $ 14,199,697 | $ (5,256,940) | | Other comprehensive income (loss) Interest rate swap Change in benefit plans, net | | | | | (281,013) | 307,182 | | | 556,711 | (458,749) | | | 275,698 | (151,567) | | Comprehensive income (loss) | $ 14,475,395 | $ (5,408,507) |
PERFECTION BAKERIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Years ended September 30, 2023 and 2022
| 2023 | 2022 |
|---|
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the proceeds from the sale of property in 2022 resulted in a gain of $371,313. This figure is categorized as a positive adjustment to reconcile net income (loss) to net cash provided by (used for) operations.
For a prospective franchisee, this information provides insight into Aunt Millies Bakeries's financial activities and how gains from property disposal contribute to their overall cash flow. It indicates that Aunt Millies Bakeries engaged in property sales during that year, which positively impacted their financial results.
It's important to note that this is just one aspect of Aunt Millies Bakeries's financial performance, and prospective franchisees should consider it in conjunction with other financial data and disclosures in the FDD to gain a comprehensive understanding of the company's financial health and stability. Reviewing multiple years of financial statements would provide a more complete picture of Aunt Millies Bakeries's financial trends.