What was the total value of cash and cash equivalents held by Aunt Millies Bakeries in 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
t Perfection Bakeries, Inc.'s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Crown LP
Fort Wayne, Indiana January 29, 2024
PERFECTION BAKERIES, INC. CONSOLIDATED BALANCE SHEETS September 30, 2023 and 2022
| ASSETS | 2023 | 2022 | |
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 cash and cash equivalents totaled $7,799,651 in 2023. This figure represents the amount of liquid assets readily available to Aunt Millies Bakeries for immediate use.
For a prospective franchisee, understanding the franchisor's financial health is crucial. The level of cash and cash equivalents can indicate the company's ability to meet its short-term obligations, invest in growth, and support its franchisees. A higher number generally suggests a more stable and financially sound franchisor.
It is important to note that while this figure provides a snapshot of Aunt Millies Bakeries's financial position at a specific point in time, it does not offer a complete picture of the company's overall financial health. A prospective franchisee should review the entire financial statement and consider other factors, such as revenues, expenses, and liabilities, to gain a comprehensive understanding of the franchisor's financial stability.