What was the total liabilities and stockholders' equity for Aunt Millies Bakeries as of September 30, 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
progress | 6,691,112 | 3,102,063 | | Land | 2,446,173 | 2,471,173 | | | 39,539,220 | 38,210,298 | | Notes receivable – distributor routes, less current maturities, net | 4,862,381 | 3,256,368 | | Right of use assets | 20,264,988 | 20,972,254 | | Other assets | 769,267 | 854,588 | | Noncurrent assets held for sale | 25,000 | • 447.070.000 | | Total assets | $ 126,654,714 | $ 117,073,938 |
PERFECTION BAKERIES, INC. CONSOLIDATED BALANCE SHEETS September 30, 2024 and 2023
| LIABILITIES | 2024 | 2023 | ||
|---|---|---|---|---|
| Current liabilities | ||||
| Current maturities of long-term obligations | $ | 1,704,850 | $ | 1,677,001 |
| Subordinated revolving credit facility | 1,973,937 | 2,740,852 | ||
| Current portion of pension plan withdrawal liability | 578,437 | 541,636 | ||
| Accounts payable | 21,890,353 | 24,501,524 | ||
| Accrued expenses | 26,086,770 | 22,040,792 | ||
| Lease liability, current | 4,691,689 | 4,481,275 | ||
| Deferred revenue | 835,063 | _ | 864,603 | |
| Total current liabilities | 57,761,099 | 56,847,683 | ||
| Long-term obligations, less current maturities | 3,313,680 | 6,414,044 | ||
| Deferred revenue, long-term | 1,263,177 | 534,139 | ||
| Accrued postretirement life and health benefits and pension plan | 4,079,343 | 3,698,115 | ||
| Pension plan withdrawal liability | 11,168,457 | 11,746,895 | ||
| Lease liability, long-term | 14,781,089 | 15,696,871 | ||
| Other liabilities | 7,429,566 | 6,289,280 | ||
| Total liabilities | 99,796,411 , | 101,227 |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the consolidated balance sheets of Perfection Bakeries, Inc. include the total liabilities and stockholders' equity. As of September 30, 2023, the total liabilities and stockholders' equity was $117,073,938.
This figure represents the sum of all debts and obligations that Aunt Millies Bakeries owes to outside parties (liabilities) plus the value of the company's net worth attributable to its owners (stockholders' equity). It is a fundamental accounting equation (Assets = Liabilities + Equity) that provides a snapshot of the company's financial position at a specific point in time.
Prospective franchisees should note that this figure reflects the financial status of Perfection Bakeries, Inc., which includes Aunt Millie's Bakeries. Reviewing these figures can provide insight into the overall financial health and stability of the parent company behind the Aunt Millie's Bakeries franchise system. Understanding the liabilities and equity can help potential franchisees assess the financial risk and potential rewards associated with investing in an Aunt Millie's Bakeries franchise.