What was the amount of Common Stock shares for Carbones Pizzeria as of October 31, 2022?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net income | $ 179,901 |
M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Statement of Changes in Stockholder's Equity For the Year Ended October 31, 2023
| Commo Shares | on Stock Amount | Common Stock nares Amount | Retained Earnings | Treasury stock | Total Equity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, October 31, 2022 | 2,500 | $ | 2,500 | $ 266,117 | $ | 707,489 | $ |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the balance of Common Stock shares as of October 31, 2022, was 2,500. The corresponding Common Stock amount was $2,500. The Additional paid in capital was $266,117, Retained Earnings was $707,489, Treasury stock was $(34,556), and Total Equity was $941,550.
These figures reflect the company's equity structure at the end of its fiscal year on that date. It shows the number of shares issued and the accumulated earnings retained within the business. The treasury stock represents shares that Carbones Pizzeria has repurchased from the open market.
For a prospective franchisee, understanding these figures provides insight into the financial health and capitalization of Carbones Pizzeria. It's important to review these numbers in the context of the company's overall financial statements and to compare them with previous years to identify any trends or changes. This information can be useful in assessing the stability and potential growth of the franchise system.
It is also important to note that the net income for the year ended October 31, 2023, was $179,901. This information, along with the equity structure, can help potential franchisees evaluate the financial performance of Carbones Pizzeria and make informed decisions about investing in the franchise.