What were the proceeds received from the sale of property for Aunt Millies Bakeries in 2023?
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 2023 resulted in a gain from property disposal of $(339,370). This figure represents a reduction in cash flow, as it is shown as a negative number.
For a prospective franchisee, this information is relevant in understanding the financial performance and cash flow activities of Aunt Millies Bakeries. Gains or losses from property disposal can impact the overall profitability of the company, which in turn could affect the support and resources available to franchisees.
It's important to note that this figure reflects the gain from property disposal at the corporate level and may not directly correlate with the financial performance of individual franchise locations. However, understanding the financial health of the overall Aunt Millies Bakeries organization is crucial for assessing the stability and potential growth of the franchise system.