What was the total amount of assets reported by 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's 2025 Franchise Disclosure Document, the company's total assets in 2023 were $117,073,938. This figure represents the sum of all resources owned by Perfection Bakeries, Inc., including cash, marketable securities, accounts receivable, inventory, property, plant, equipment, and other tangible and intangible assets.
For a prospective franchisee, understanding the franchisor's asset base can provide insights into the financial stability and overall health of the company. A substantial asset base may indicate that Aunt Millies Bakeries has the resources to support its franchisees and invest in the brand's future growth. It is important to note that the assets include not only physical items like buildings and equipment but also financial instruments and intangible assets, each carrying its own level of risk and liquidity.
It is also important to note that the consolidated financial statements include Perfection Bakeries, Inc., Perfection Distribution LLC, Perfection Associates LLC, and First Capital Acceptance Corporation. These entities operate under common management and ownership, which means the total assets figure reflects the combined financial position of the entire group. A potential franchisee should consider this consolidated view when assessing the financial strength of Aunt Millies Bakeries.