What was the amount of common stock shares for Carbones Pizzeria as of October 31, 2023?
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 number of common stock shares as of October 31, 2023, was 2,500. The amount allocated to these shares was $2,500. The additional paid-in capital was $266,117, and the retained earnings amounted to $887,390. There was also a treasury stock deduction of $34,556, resulting in a total equity of $1,121,451.
For a prospective franchisee, understanding the equity structure of the franchisor can provide insights into the financial stability and capitalization of Carbones Pizzeria. The common stock shares represent the ownership stake in the company, and the retained earnings reflect the accumulated profits that have not been distributed as dividends.
The treasury stock represents shares that the company has repurchased from the market, which can impact the overall equity. Reviewing these figures over time, as presented in the FDD, can help potential franchisees assess the financial health and growth trajectory of Carbones Pizzeria. It is important to note that these figures are part of the consolidated financial statements, which include M & T Pizza Incorporated and its subsidiaries.