What was the balance at the beginning of the period for Nothing Bundt Cakes as of December 29, 2024?
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 provided excerpts do not contain information regarding the balance at the beginning of the period for Nothing Bundt Cakes as of December 29, 2024. The excerpts include an unaudited statement of operations from December 30, 2024, through March 30, 2025, which details revenues, costs, expenses, and net income, but it does not specify the beginning balance.
Additionally, the excerpts provide information about the nature of the Nothing Bundt Cakes business, including its organization, the number of franchised bakeries, and significant accounting policies. However, these details do not address the specific financial balance at the beginning of the period in question.
To obtain this information, a prospective franchisee should directly request the beginning balance from Nothing Bundt Cakes. This figure would provide a clearer picture of the company's financial standing at the start of the period and allow for a more comprehensive financial analysis.