What was the reported value for Aunt Millies Bakeries as of September 30, 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, 2024 and 2023, the voting common stock had 31,406 shares authorized, while the non-voting common stock had 3,423,254 shares authorized.
All marketable securities are classified as available for sale and are carried at fair value, determined using level 1 inputs. The investments consist principally of common stock, treasury bonds and mutual funds and had a cost of approximately
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the voting common stock had 31,406 shares authorized, while the non-voting common stock had 3,423,254 shares authorized as of September 30, 2023. Both the voting and non-voting common stock have no par value.
Additionally, the FDD mentions marketable securities. The investments consist principally of common stock, treasury bonds and mutual funds and had a cost of approximately $67,000 at September 30, 2023. The fair value approximated $67,400 at September 30, 2023.
Prospective franchisees should note that authorized shares do not represent the actual value of the company. Rather, it indicates the number of shares that the company is legally permitted to issue. The value of marketable securities is provided, but this is not the overall value of the company. To fully understand the financial health and valuation of Aunt Millies Bakeries, potential franchisees should consult the complete audited financial statements and seek advice from a financial professional.