Are there any financial thresholds mentioned in this section of the Aunt Millies Bakeries FDD?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
mount monthly over 12 months starting 30 days after closing date | | > $200k * | Even amount monthly over 24 months starting 30 days after closing date | * FCAC (First Capital Acceptance Corp.) would pay interest at current rate on line of credit but not greater than 5% annually.
Payment terms are subject to change at the determination of FCAC.
Exhibit D Bill of Sale
PERFECTION BAKERIES, INC. BILL OF SALE
KNOW ALL MEN BY THESE PRESENTS THAT PERFECTION BAKERIES, INC., d/b/a AUNT MILLIE'S an Indiana business corporation with its principal offices at 350 Pearl Street, Fort Wayne, Indiana 46802 (herein referred to as "AUNT MILLIE'S"), for and in consideration of the sum of PURCHASE PRICE ($__________), and for other good and valuable consideration, all to it in hand paid at or before the execution and delivery of these presents by [DISTRIBUTOR'S CORPORATE NAME], residing at [DISTRIBUTOR'S ADDRESS], (herein referred to as "DISTRIBUTOR"), hereby sells, transfers, conveys, assigns and delivers to DISTRIBUTOR, all of PERFECTION'S right, title and interest in and to the following assets, properties, rights and interests (collectively, the "Assets"):
- (a) The Distribution Rights the right to sell and distribute Products to Outlets in the geographic territory described on Schedule A attached hereto, which Products, Outlets and Distribution Rights are defined by, subject to and further evidenced by a written Distribution Agreement of even date herewith executed by the parties (the "Distribution Agreement");
- (b) customer data and customer lists relating to the Distribution Rights and governed by the Distribution Agreement.
TO HAVE AND TO HOLD the same, with the appurtenances thereof, unto the DISTRIBUTOR, its successors and assigns, forever, to its own proper use and behalf. AUNT MILLIE'S hereby represents and warrants to DISTRIBUTOR for itself and its successors that AUNT MILLIE'S is the sole owner of and has good and marketable title to all of the Assets and conveys them to DISTRIBUTOR free and
clear of any mortgage, lien, claim, right, security interest, encumbrance, covenant, easement or restriction of any kind or nature.
This Bill of Sale shall, in all respects, be governed and construed in accordance with the laws of the State of Indiana, without respect to choice of law rules.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, several financial thresholds and fees are specified. The document mentions a "PURCHASE PRICE ($__________)" in the Bill of Sale, indicating that the actual purchase price for the distribution rights is determined separately.
Additionally, there are fees associated with operational aspects, such as a "Special Delivery Fee" of $60 per hour and a "Truck Drop Shipment Fee" of $30 per hour. A "Short-Term Company Route Relief Fee" is listed at $275 per day. Furthermore, a "Settlement Inventory Report Failure" incurs a charge of $300 per occurrence during the Quarterly Inventory Settlement.
These financial details provide prospective Aunt Millies Bakeries distributors with an understanding of the costs involved in acquiring distribution rights and potential operational expenses. It is important for potential franchisees to clarify the exact purchase price and understand the conditions under which these additional fees may be incurred to accurately assess the financial implications of the franchise.