What were the net distributions to the member for Auntie Annes as of December 25, 2022?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
ell as evaluate the overall presentation of the consolidated financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company'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 identif
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, the net distributions to the member as of December 25, 2022, was ($243,307). This figure represents the distributions to the member, net of any offsets or reductions, for the period leading up to that date. The balance at December 25, 2022 was $277,647.
It's important to note that this number reflects the distributions made to the member (likely the parent company or major shareholder) and not directly to individual franchisees. Franchisees typically receive distributions based on their individual store's profitability, not from these broader member distributions.
Prospective franchisees should focus on understanding their own potential earnings and expenses at the store level. Reviewing Item 19 in the FDD, which provides financial performance representations, and speaking with existing franchisees are crucial steps in assessing the financial viability of an Auntie Annes franchise.