What was the total value of land improvements for 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 value of land improvements in 2023 was $2,546,882. This figure represents the company's investment in enhancements to its land, such as landscaping, paving, or other structural additions that increase the land's value.
For a prospective franchisee, this number provides insight into the scale of Aunt Millies Bakeries's infrastructure and property investments. Land improvements are a long-term asset, and a substantial value in this category can indicate a commitment to maintaining and upgrading facilities. It's important to note that this figure reflects the total value for the entire company, not just individual franchise locations.
Understanding the company's asset values can help a franchisee assess the financial stability and investment strategy of Aunt Millies Bakeries. While franchisees typically do not directly own the land and buildings, the franchisor's financial health and investment in its infrastructure can indirectly impact the support and resources available to franchisees. Therefore, reviewing these figures in conjunction with other financial data can provide a more comprehensive understanding of the franchise system's overall financial position.