What was the total value of assets for Aunt Millies Bakeries in 2022?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Reporting Entity: The consolidated financial statements contain the accounts of Perfection Bakeries, Inc., Perfection Distribution LLC, Perfection Associates LLC, and First Capital Acceptance Corporation, (collectively, the "Company") which operate under common management and are of common ownership. Perfection Distribution LLC, Perfection Associates LLC, and First Capital Acceptance Corp., are all 100% wholly owned subsidiaries of Perfection Bakeries, Inc. Perfection Bakeries, Inc. produces and distributes various bread, bun and bakery products throughout the Midwest, predominantly in Indiana, Michigan, Illinois, Kentucky, Wisconsin, and Ohio. The Company also sells its product nationally and internationally through its Bakehouse division, which is the Company's frozen baked goods division, representing approximately 21% and 16% of the Company's total net sales for the years ended September 30, 2023 and 2022, respectively. Perfection Distribution LLC operates as the transportation distribution function for Perfection Bakeries, Inc. as a "carrier for hire" and results in maximizing savings related to sales and use tax. Perfection Associates LLC functions as an employee leasing company, which leases employees back to Perfection Bakeries, Inc. and Perfection Distribution LLC. First Capital Acceptance Corporation serves as the finance company for the routes that are sold to independent distributors (see Note 4).
All significant intercompany account balances and transactions have been eliminated in the consolidated financial statements.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the consolidated financial statements include the accounts of Perfection Bakeries, Inc., Perfection Distribution LLC, Perfection Associates LLC, and First Capital Acceptance Corporation, collectively referred to as "the Company". These entities operate under common management and ownership.
According to the FDD, Perfection Bakeries, Inc. produces and distributes bakery products throughout the Midwest. Additionally, the Bakehouse division, which handles frozen baked goods, accounted for approximately 16% of the company's total net sales for the year ending September 30, 2022. Perfection Distribution LLC manages the transportation and distribution, while Perfection Associates LLC functions as an employee leasing company. First Capital Acceptance Corporation serves as the finance company for the routes sold to independent distributors.
While the excerpt identifies the entities included in the consolidated financial statements and the percentage of net sales from the Bakehouse division, it does not specify the total value of assets for Aunt Millie's Bakeries (Perfection Bakeries, Inc.) for the year 2022. To obtain this information, prospective franchisees should review the complete financial statements within the FDD or directly request this information from the franchisor.