Does the Nothing Bundt Cakes FDD include an unaudited statement of operations?
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 21 — FINANCIAL STATEMENTS (FDD page 93)
What This Means (2025 FDD)
According to the 2025 Nothing Bundt Cakes FDD, an unaudited statement of operations is included. The statement covers the period from December 30, 2024, through March 30, 2025.
The statement shows total revenues of $14,122,929, which are derived from royalty, franchise fee, and other revenue. General and administrative expenses totaled $2,387,833, while depreciation and amortization expenses amounted to $3,689,863. The operating income is reported as $8,045,233.
Other expenses, net of income, are listed as $89. The income before income taxes is $8,045,144, with income tax expenses of $19,829. The net income (loss) is reported as $8,025,315. This statement provides insight into the financial performance of Nothing Bundt Cakes over the specified period.
Prospective franchisees should review this statement carefully to understand the revenue streams and expenses associated with the franchisor's operations. Keep in mind that past performance does not guarantee future results, and it is important to conduct thorough due diligence before investing in a franchise.