What was the value of cash and cash equivalents for Aunt Millies Bakeries on September 30, 2022?
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 consolidated balance sheets show the value of cash and cash equivalents for the years 2023 and 2022. On September 30, 2022, Aunt Millies Bakeries had cash and cash equivalents totaling $737,775. In the following year, on September 30, 2023, this value increased to $7,799,651.
This information is crucial for prospective franchisees as it provides a snapshot of Aunt Millies Bakeries's financial health and liquidity. Cash and cash equivalents are highly liquid assets that a company can quickly use to meet its short-term obligations. A higher value of cash and cash equivalents generally indicates a stronger financial position, suggesting that the company has sufficient resources to cover immediate liabilities and invest in future growth.
For a potential franchisee, this data point can be useful in assessing the stability and reliability of Aunt Millies Bakeries as a franchisor. While a single data point doesn't provide a complete picture, it contributes to a broader understanding of the company's financial management and its ability to support its franchisees. It's also worth noting the significant increase in cash and cash equivalents from 2022 to 2023, which could indicate improved financial performance or strategic financial decisions.
It is important to consider these figures in conjunction with other financial metrics and information provided in the FDD, such as revenue, expenses, and debt levels, to gain a comprehensive understanding of Aunt Millies Bakeries's financial condition. Additionally, prospective franchisees should consult with financial advisors to interpret these figures in the context of their own investment goals and risk tolerance.