What was the reported amount for common stock, voting, for Aunt Millies Bakeries in 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
Both the voting and non-voting common stock have no par value. At September 30, 2023 and 2022, the voting common stock had 31,406 shares authorized, while the non-voting common stock had 3,423,254 shares authorized.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, both voting and non-voting common stock have no par value. As of September 30, 2023, the voting common stock had 31,406 shares authorized, while the non-voting common stock had 3,423,254 shares authorized.
This information is relevant to potential franchisees as it provides insight into the capital structure of Perfection Bakeries, Inc., the parent company of Aunt Millie's Bakeries. Understanding the authorized shares of voting and non-voting stock can help a franchisee assess the ownership and control dynamics within the company.
While the number of authorized shares is disclosed, the FDD does not specify the actual amount of common stock, voting, for Aunt Millies Bakeries in 2023. A prospective franchisee may want to ask the franchisor for more detailed financial statements to understand the actual value of the common stock.