What was the reported amount of cash and cash equivalents for Aunt Millies Bakeries in 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
es, Inc.'s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, s
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 cash and cash equivalents at the end of 2024 totaled $13,448,624. This figure reflects the amount of readily available cash and assets that can be quickly converted to cash that Aunt Millies Bakeries had on hand.
For a prospective franchisee, understanding the franchisor's cash position can be important. A healthy cash balance suggests financial stability and the ability to support franchisees. It can also indicate the company's capacity to invest in new products, marketing initiatives, or technology upgrades that could benefit the franchise system.
However, it is important to note that this figure represents a snapshot in time. A franchisee should consider this number in the context of Aunt Millies Bakeries's overall financial performance, including its revenues, expenses, and debt levels, to gain a more complete picture of its financial health. Reviewing the trend in cash and cash equivalents over several years, as presented in the table, can also provide valuable insights.