What was the cash and cash equivalents at the beginning of the year for Carbones Pizzeria?

Based on the 2025 Franchise Disclosure Document, Carbones Pizzeria provides information on cash and cash equivalents in its financial statements. For the year ending October 31, 2024, Carbones Pizzeria reported that there were no cash equivalents.

For the year ending October 31, 2023, the FDD states that the company held cash and cash equivalents, which at times exceeded federal insurance limits. However, the company did not anticipate any losses related to this balance. The company considers all highly liquid debt instruments purchased with original maturities of three months or less to be cash equivalents.

For the year ended October 31, 2022, Carbones Pizzeria maintained cash balances primarily in one financial institution located in Minnesota. At times, the cash in bank balances may have been in excess of the federally insured limits. The company considered money market funds and other highly liquid investments with original maturities of three months or less to be cash equivalents.

While the FDD excerpts provide definitions and policies regarding cash and cash equivalents, the specific cash and cash equivalents at the beginning of each year (November 1st) is not disclosed. A prospective franchisee should inquire directly with Carbones Pizzeria's management for these figures to gain a clearer understanding of the company's financial position at the start of each fiscal year.