What was the amortization amount for Nothing Bundt Cakes as of December 31, 2023?
Nothing_Bundt_Cakes Franchise · 2025 FDDAnswer from 2025 FDD Document
| March 30, 2025 | |
|---|---|
| Assets | |
| Current assets | |
| Cash and cash equivalents | $ 1,227,831 |
| Accounts receivables, net | 1,326,256 |
| Prepaid expenses | 49,488 |
| Total current assets | 2,603,575 |
| Goodwill | 350,529,756 |
| Other intangible assets, net | 573,503,014 |
| Other non-current assets | 965,414 |
| Total assets | $ 927,601,759 |
| Liabilities and member's equity | |
| Current liabilities | |
| Deferred revenue, current portion | $ 1,090,678 |
| Amounts due to related parties | 10,000 |
| Other current liabilities | 59,257 |
| Total current liabilities | 1,159,935 |
| Long-term liabilities | |
| Deferred revenue | 14,431,221 |
| Other non-current liabilities | 557,411 |
| Total liabilities | 16,148,567 |
| Member's equity | 91 |
Source: Item 23 — RECEIPTS (FDD pages 93–309)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the unaudited statement of operations for Nothing Bundt Cakes includes depreciation and amortization expenses. However, the statement provided covers the period from December 30, 2024, through March 30, 2025, and lists a combined depreciation and amortization figure of $3,689,863.
This document does not provide the specific amortization amount for December 31, 2023. Instead, it offers a combined figure for depreciation and amortization for a later period.
For a prospective franchisee, it's important to note that depreciation and amortization are non-cash expenses that reflect the reduction in value of assets over time. To obtain the specific amortization amount for December 31, 2023, it is recommended that a prospective franchisee ask the franchisor directly for this information during their due diligence process to gain a clearer understanding of the company's financial performance in that specific year.