Exhibit 99.3

PARKS! AMERICA, INC. and SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

On April 27, 2020, Parks! America, Inc. (“Parks” or the “Company”), through a newly formed subsidiary, Aggieland-Parks, Inc., a Texas corporation, simultaneously entered into and closed an Asset Purchase Agreement with Aggieland Safari LLC, a Texas limited liability company (“Aggieland”), Ferrill Creek Ranch LLC, a Texas limited liability (“FCR”), and Vernell Investments LLC, a Texas limited liability company (together with Aggieland and FCR the “Sellers”). Pursuant to the Asset Purchase Agreement Aggieland-Parks, Inc. acquired substantially all of Sellers’ assets related to Aggieland Safari Adventure Zoo and Safari Park located in Bryan, Texas (“Aggieland Safari”), including animal inventory, real estate, mineral rights, equipment, and other assets necessary to operate the Aggieland Safari. Aggieland Safari is situated on 250 acres of a 450-acre property, located in Bryan, Texas, approximately 25 miles northeast of College Station and 120 miles northwest of downtown Houston. The total purchase price for the Aggieland Assets was $7,125,000. The transaction was financed with a loan (the “2020 Term Loan”) from First Financial Bank, N.A. (“First Financial”), a seller note for $750,000 (the “Aggieland Seller Note”) and cash totaling $1,375,000. The 2020 Term Loan is evidenced by a promissory note in the original principal amount of $5,000,000 from First Financial (the “2020 Bank Note”), is secured by substantially all of the Aggieland Assets, as well as guarantees from the Company and its subsidiaries. The 2020 Bank Note bears interest at a rate of 5.0% per annum, has a maturity date of April 27, 2031, with interest only payable monthly through April 2021. The Aggieland Seller Note represents a deferred payment of the purchase price, bears no interest, has a maturity date of June 30, 2021 and is secured by a second priority subordinated lien and security interest in the acquired mineral rights and the animal inventory.

Parks and Aggieland Safari have different fiscal year ends. Parks fiscal year ends on the Sunday closest to September 30 (most recently September 29, 2019), whereas Aggieland Safari’s fiscal year ends on December 31. As this difference is less than 93 days, as permitted by Regulation S-X Article 11, the unaudited pro forma condensed combined statement of operations for the year ended September 29, 2019 combines the Parks audited consolidated statement of operations for the year ended September 29, 2019 and the Aggieland Safari audited combined statement of operations for the year ended December 31, 2019.

The unaudited pro forma condensed combined statement of operations for the six months ended March 29, 2020 combines the Parks unaudited consolidated statement of operations for the six months ended March 29, 2020 and the Aggieland Safari unaudited combined statement of operations for the six months ended March 31, 2020. The Aggieland Safari unaudited combined statement of operations for the six months ended March 31, 2020 has been calculated by subtracting its unaudited combined statement of operations for the nine months ended September 30, 2019 from its audited financial statements for the year ended December 31, 2019, then adding its unaudited combined statement of operations for the three months ended March 31, 2020.

Both the full-year and six month unaudited pro forma condensed combined statements of operations give effect to the Aggieland Safari acquisition as if it had been consummated on October 1, 2018 and include adjustments which are directly attributable to the acquisition, are expected to have continuing impact on the combined results of operations, and are factually supportable.

The unaudited pro forma condensed combined balance sheet combines the Parks unaudited consolidated balance sheet as of March 29, 2020 and the Aggieland Safari unaudited combined balance sheet as of March 31, 2020, giving effect to the Aggieland Safari acquisition as if it had been consummated on March 29, 2020.

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The unaudited pro forma condensed combined balance sheet and the unaudited pro forma condensed combined statements of operations are also referred to herein as the unaudited pro forma financial statements.

The unaudited pro forma financial statements are presented for information purposes only and should be read in conjunction with the accompanying notes to the unaudited pro forma financial statements. In addition, the unaudited pro forma financial statements are based on and should be read in conjunction with the following historical consolidated financial statements and accompanying notes for Parks, and historical combined financial statements and accompanying notes of Aggieland Safari:

·Separate unaudited historical financial statements and the related notes of Parks as of and for the six months ended March 29, 2020 included in Parks’ Quarterly Report on Form 10-Q for the fiscal quarter ended March 29, 2020, as well as the audited historical financial statements and the related notes of Parks as of and for the fiscal year ended September 29, 2020 included in its Annual Report on Form 10-K for the fiscal year ended September 29, 2019; 

·Separate audited historical financial statements of Aggieland Safari as of December 31, 2019 and for the year then ended, which are included as Exhibit 99.1 to this Current Report on Form 8-K/A; and 

·Separate unaudited historical financial statements of Aggieland Safari as of March 31, 2020 and for the three months then ended, which are included as Exhibit 99.2 to this Current Report on Form 8-K/A. 

The unaudited pro forma financial statements have been prepared by management in accordance with SEC Regulation S-X Article 11, Pro Forma Financial Information. The unaudited pro forma financial statements are not necessarily indicative of what Parks’ financial position or results of operations actually would have been had the Company completed the acquisition of Aggieland Safari on the dates indicated, nor do they purport to project the future financial position or operating results of the combined businesses.

The unaudited pro forma financial statements have been prepared using the acquisition method of accounting under accounting principles generally accepted in the United States of America (“U.S. GAAP”) with Parks being the acquirer. The pro forma adjustments are preliminary, based upon available information and made solely for the purpose of providing these unaudited pro forma financial statements. Differences between these preliminary adjustments and the final acquisition accounting may occur and these differences could have a material impact on the future results of operations and financial position of the combined company.

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PARKS! AMERICA, INC.

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

As of March 29, 2020

See Notes to the Unaudited Pro Forma Condensed Combined Financial Statements

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PARKS! AMERICA, INC.

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

For the Six Months Ended March 29, 2020

See Notes to the Unaudited Pro Forma Condensed Combined Financial Statements

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PARKS! AMERICA, INC.

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

For the Year Ended September 29, 2019

See Notes to the Unaudited Pro Forma Condensed Combined Financial Statements

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PARKS! AMERICA, INC.

NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

1. Description of the Acquisition 

On April 27, 2020, Parks! America, Inc. (“Parks” or the “Company”), through a newly formed subsidiary, Aggieland-Parks, Inc., a Texas corporation, simultaneously entered into and closed an Asset Purchase Agreement with Aggieland Safari LLC, a Texas limited liability company (“Aggieland”), Ferrill Creek Ranch LLC, a Texas limited liability (“FCR”), and Vernell Investments LLC, a Texas limited liability company (together with Aggieland and FCR the “Sellers”). Pursuant to the Asset Purchase Agreement Aggieland-Parks, Inc. acquired substantially all of Sellers’ assets related to Aggieland Safari Adventure Zoo and Safari Park located in Bryan, Texas (“Aggieland Safari”), including animal inventory, real estate, mineral rights, equipment, and other assets necessary to operate the Aggieland Safari. Aggieland Safari is situated on 250 acres of a 450-acre property, located in Bryan, Texas, approximately 25 miles northeast of College Station and 120 miles northwest of downtown Houston. The total purchase price for the Aggieland Assets was $7,125,000. The transaction was financed with a loan (the “2020 Term Loan”) from First Financial Bank, N.A. (“First Financial”), a seller note for $750,000 (the “Aggieland Seller Note”) and cash totaling $1,375,000. The 2020 Term Loan is evidenced by a promissory note in the original principal amount of $5,000,000 from First Financial (the “2020 Bank Note”), is secured by substantially all of the Aggieland Assets, as well as guarantees from the Company and its subsidiaries. The 2020 Bank Note bears interest at a rate of 5.0% per annum, has a maturity date of April 27, 2031, with interest only payable monthly through April 2021. The Aggieland Seller Note represents a deferred payment of the purchase price, bears no interest, has a maturity date of June 30, 2021 and is secured by a second priority subordinated lien and security interest in the acquired mineral rights and the animal inventory.

2. Basis of Pro Forma Presentation 

The accompanying unaudited pro forma condensed combined balance sheet presents Parks’ historical financial position combined with Aggieland Safari as if the acquisition had occurred on March 29, 2020. The unaudited pro forma condensed combined statements of operations present the combined results of Parks as if the Aggieland Safari acquisition occurred on October 1, 2018. The accompanying unaudited pro forma condensed combined financial statements include management’s assumptions and certain adjustments as described in greater detail herein.

Parks and Aggieland Safari have different fiscal year ends. The unaudited pro forma condensed combined balance sheet and statements of operations have been prepared utilizing period ends that differ by less than 93 days, as permitted by Regulation S-X Article 11.

The unaudited pro forma condensed combined balance sheet information is based on the following:

·With respect to Parks, the Parks unaudited consolidated balance sheet as of March 29, 2020; and 

·With respect to Aggieland Safari, the Aggieland Safari unaudited combined balance sheet as of March 31, 2020. 

The unaudited pro forma condensed combined statement of operations for the six months ended March 29, 2020 is based on the following:

·With respect to Parks, the Parks unaudited consolidated statement of operations for the six months ended March 29, 2020 included in Parks’ Quarterly Report on Form 10-Q for the fiscal quarter ended March 29, 2020; and 

·With respect to Aggieland Safari, the Aggieland Safari unaudited combined statement of operations for the six months ended March 29, 2020, which has been calculated by subtracting the its unaudited combined statement of operations for the nine months ended September 30, 2019 from its audited combined statement of operations ended December 31, 2019, then adding its unaudited combined statement of operations for the three months ended March 31, 2020. 

The unaudited pro forma condensed combined statement of operations for the year ended September 29, 2019 is based on the following:

·With respect to Parks, the Parks audited consolidated statement of operations for the fiscal year ended September 29, 2019 included in Parks’ Annual Report on Form 10-K for the year ended September 29, 2019; and 

·With respect to Aggieland Safari, the Aggieland Safari audited combined statement of operations for the year ended December 31, 2019.  

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PARKS! AMERICA, INC.

NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

2. Basis of Pro Forma Presentation (Continued) 

As a result of the construction of the Aggieland Safari historical combined statement of operations for the six months ended March 29, 2020 noted above, the following Aggieland Safari combined statement of operations for the three month period ended December 31, 2019 is included in both the pro forma unaudited statement of operations for the six months ended March 29, 2020 and the fiscal year ended September 29, 2019.

The accompanying unaudited pro forma condensed combined financial statements were prepared using the acquisition method of accounting in accordance with Accounting Standards Codification 805, “Business Combinations” (“ASC 805”) and are based on the audited annual and unaudited interim historical financial statements of Parks and Aggieland Safari. The unaudited pro forma financial statements are presented for illustrative purposes only. The historical financial statements have been adjusted in the accompanying unaudited pro forma financial statements to give effect to the pro forma events that are (a) directly attributable to the acquisition, (2) factually supportable, and (3) with respect to the unaudited pro forma condensed combined statement of operations, expected to have a continuing impact on the consolidated results.

As the acquirer for accounting purposes, Parks has estimated the fair value of the Aggieland Safari assets acquired and liabilities assumed, and conformed the accounting policies of Aggieland Safari to its own accounting policies. The acquisition method of accounting uses the fair value concepts defined in ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”). Fair value is defined in ASC 820 as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” Fair value measurements can be highly subjective, and it is possible the application of reasonable judgment could result in different assumptions resulting in a range of alternative estimates using the same facts and circumstances. The allocation of the purchase price is preliminary, pending the finalization of various estimates and analyses. Since these unaudited pro forma condensed combined financial statements have been prepared based on preliminary estimates of fair values attributable to the acquisition, the actual amounts eventually recorded for the acquisition, may differ materially from the pro forma information presented.

The unaudited forma condensed combined financial statements do not necessarily reflect what the combined company’s financial condition or results of operations would have been had the acquisition occurred on the dates indicated. They may also not be useful in predicting the future financial condition or results of operations of the combined company. The actual financial position and results of operations may differ significantly from the pro forma amounts reflected herein due to a variety of factors.

The unaudited pro forma condensed combined financial statements do not reflect any cost savings from operating efficiencies, synergies that could result from the acquisition, or additional expenses which could also result from the acquisition. Additionally, the unaudited pro forma condensed combined financial statements do not reflect additional revenue opportunities following the acquisition.

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PARKS! AMERICA, INC.

NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

3. Accounting Policies and Reclassifications 

As a result of the continuing review of Aggieland Safari’s accounting policies, Parks may identify differences between the accounting policies of the two businesses that, when conformed, could have a material impact on the combined financial statements. The unaudited pro forma condensed combined financial statements do not assume any differences in accounting policies other than the assumptions regarding useful lives for certain elements of property and equipment impacting depreciation expense.

As described in further detail in Note 6, certain reclassifications have been made relative to Aggieland Safari’s historical financial statements to conform to the financial statement presentation of Parks.

4. Purchase Price and Allocation 

The following table sets forth the purchase consideration paid to the members of Aggieland Safari as of April 27, 2020, the date of the acquisition. The preliminary purchase price allocation set forth below assumes the acquisition had closed on March 29, 2020:

For the purposes of this pro forma analysis, the purchase price has been preliminarily allocated based on an estimate of the fair value of assets acquired and liabilities assumed as of the acquisition date. The determination of estimated fair value requires management to make significant estimates and assumptions. The final valuation of assets acquired and liabilities assumed is expected to be completed as soon as possible but no later than one year from the acquisition date. The Company will adjust its estimates as needed upon the final valuation.

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PARKS! AMERICA, INC.

NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

5. Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet 

Explanations of the adjustments to the unaudited pro forma balance sheet are as follows:

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PARKS! AMERICA, INC.

NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

6. Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations 

Explanations of the adjustments to the unaudited pro forma statement of operations are as follows:

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