What is the unit of currency used in the balance sheets and statements of operations for Nothing Bundt Cakes?
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)
According to Nothing Bundt Cakes' 2025 Franchise Disclosure Document, the Unaudited Statement of Operations shows revenues, costs, and expenses denominated in U.S. dollars. For example, the statement of operations from December 30, 2024, through March 30, 2025, shows "Royalty, franchise fee, and other revenue" as $14,122,929 and "Net income (loss)" as $8,025,315. This indicates that the financial reporting for Nothing Bundt Cakes is presented in United States Dollars.
Prospective franchisees can rely on these figures to understand the scale of revenues and expenses involved in the Nothing Bundt Cakes franchise system. Understanding the currency used in financial statements is crucial for accurate financial planning and comparison with other investment opportunities.
It is important for potential franchisees to review the full financial statements and notes within the FDD to gain a comprehensive understanding of Nothing Bundt Cakes' financial performance. Consulting with a financial advisor is recommended to properly interpret these statements in the context of their investment goals.