What was the value of routes held for sale by Aunt Millies Bakeries as of September 30, 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
e entity has the ability to access as of the measurement date.
- Level 2 Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
- Level 3 Significant unobservable inputs that reflect a Company's own assumption
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
Based on the 2025 Aunt Millies Bakeries Franchise Disclosure Document, the fair value of marketable securities held for sale was approximately $67,400 as of September 30, 2023. These marketable securities are classified as available for sale and are carried at fair value, which is determined using level 1 inputs. The investments consist principally of common stock, treasury bonds and mutual funds and had a cost of approximately $67,000 at September 30, 2023.
For a prospective Aunt Millies Bakeries franchisee, this information provides insight into the company's financial management and investment strategies. The fact that the company holds marketable securities indicates a level of financial stability and liquidity. The difference between the cost and fair value of these securities may reflect market conditions and the performance of the investments.
It's important to note that this figure represents the value of marketable securities, not necessarily the value of 'routes held for sale.' The document does not explicitly state the value of routes held for sale as of September 30, 2023. To obtain information about the value of routes held for sale, a prospective franchisee should directly ask Aunt Millies Bakeries for specific details on route valuation and sales processes.