What was the amount of income taxes payable for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Royalties | $ 906,513 |
|---|---|
| Company restaurant sales | 765,521 |
| Advertising fund revenues | 268,596 |
| Rebate revenue | 140,146 |
| Total revenues | 2,080,776 |
| Cost of company restaurant sales | |
| Food and beverage | 288,977 |
| Labor | 602,817 |
| Direct expenses | 174,042 |
| Total cost of company restaurant sales | 1,065,836 |
| Operating expenses | |
| Marketing and advertising | 278,545 |
| General and administrative | 571,564 |
| Total operating expenses |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the provision for income taxes for the year ended October 31, 2023, was $100,000. This figure reflects the company's estimated income tax expense for that fiscal year. It's important to note that this is a 'provision,' meaning it's an estimated amount set aside to cover income tax liabilities.
This provision for income taxes affects Carbones Pizzeria's net income, which was reported as $179,901 after deducting the $100,000 for income taxes. Understanding the tax obligations and how they impact the company's profitability can be valuable for prospective franchisees assessing the financial health of the franchisor.
It is important to note that the FDD excerpts provided do not include a comprehensive balance sheet or income statement. A prospective franchisee should request the full financial statements from Carbones Pizzeria to fully understand the company's tax liabilities and financial performance.