What was the reported value of buildings and leasehold improvements for Aunt Millies Bakeries in 2023?
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 – distributor routes | 804,703 | 770,663 |
| Other | 114,056 | 159,337 |
| 27,353,042 | 30,290,841 | |
| Less: Allowance for credit losses/customer deductions | 3,385,937 | 3,154,008 |
| 2000. / Howarios is Grount reconstruction assessment | 23,967,105 | 27,136,833 |
| In materies and | 15 222 101 | 14,157,347 |
| Inventories, net | 15,323,181 4,515,283 | 2,899,113 |
| Prepaid expenses and other assets Total current assets | 61,193,858 | 53,780,430 |
| Total Culterit assets | 01,100,000 | 00,700,400 |
| Property, plant and equipment, at cost | ||
| Land improvements | 2,538,132 | 2,546,882 |
| Buildings and leasehold improvements | 26,293,901 | 26,063,406 |
| Machinery and equipment | 117,439,946 | 115,716,590 |
| Furniture and fixtures | 1,589,426 | 1,018,126 |
| 10,851,862 | 10,331,975 | |
| Computer hardware and software | 11,656,078 | 12,797,586 |
| Delivery and automotive equipment | 170,369,345 | 168,474,565 |
| ,,. | , , | |
| Less: accumulated depreciation and am |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the reported value of buildings and leasehold improvements in 2023 was $26,063,406. This figure reflects the company's investment in its physical infrastructure, including buildings and any improvements made to leased properties.
For a prospective franchisee, this number provides insight into the scale of Aunt Millies Bakeries' operations and its commitment to maintaining and upgrading its facilities. It's important to note that this value represents the historical cost of these assets, not necessarily their current market value. Depreciation, which is accounted for separately, reduces the book value of these assets over time.
Understanding the company's investment in buildings and leasehold improvements can help a franchisee assess the stability and long-term viability of the franchise system. While franchisees typically do not directly own these assets, the condition and functionality of these facilities can impact the overall efficiency and brand image of Aunt Millies Bakeries.