What was the reported amount of prepaid expenses and other assets 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.
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Crown LIP
Fort Wayne, Indiana January 31, 2025
PERFECTION BAKERIES, INC. CONSOLIDATED BALANCE SHEETS September 30, 2024 and 2023
| ASSETS | 2024 | 2023 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 13,448,624 | |
| Marketable securities | 2,843,259 | 67,400 |
| Routes held for sale | 1,096,406 | 1,720,086 |
| Receivables | ||
| Trade | 26,434,283 | 29,360,841 |
| Current maturities of notes receivable – distri |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the total amount listed for prepaid expenses and other assets in 2024 was $4,515,283. This figure is part of the company's overall assets, which are detailed in the balance sheets within the FDD. These assets are classified as current assets, reflecting their liquidity and expected conversion to cash within a year.
Prepaid expenses typically include items like insurance premiums or rent that have been paid in advance, while other assets can encompass a variety of items not easily classified elsewhere. For a prospective franchisee, understanding the composition and value of these assets can provide insights into the financial health and operational efficiency of Aunt Millies Bakeries.
It's important to note that these figures are based on the company's accounting practices and may be subject to change. Reviewing these figures in context with the full financial statements and seeking professional financial advice is recommended for any potential franchisee to fully assess the financial implications of investing in an Aunt Millies Bakeries franchise.