What was the balance at the beginning of the period for Nothing Bundt Cakes as of December 25, 2022?
Nothing_Bundt_Cakes Franchise · 2025 FDDAnswer from 2025 FDD Document
0,864,000 and $49,904,000 for the 53-week period ended December 31, 2023 and the 52-week period ended December 25, 2022, respectively.
Estimated amortization expense for both goodwill and franchise agreements is as follows:
| 2024 | $ 49,904,126 |
|---|
Source: Item 23 — RECEIPTS (FDD pages 93–309)
What This Means (2025 FDD)
According to Nothing Bundt Cakes' 2025 Franchise Disclosure Document, the balance at the beginning of the period as of December 25, 2022, was $330,398,559. The FDD also provides the balance at the beginning of the period as of December 31, 2023, which was $295,253,884.
It is important to note that the company's fiscal year ends on the last Sunday in December. The fiscal year 2022 encompasses a 52-week period, while the fiscal year 2023 reflects a 53-week period. This difference in the number of weeks could potentially impact the financial figures reported for each year.
Prospective franchisees should consider these figures in the context of the overall financial health of Nothing Bundt Cakes. Understanding the balance at the beginning of the period, along with other financial data, can help franchisees assess the stability and potential profitability of the franchise system.