According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the notes to the consolidated financial statements cover the years ended October 31, 2022, October 31, 2023, and October 31, 2024. These notes provide additional details and explanations regarding the financial figures presented in the statements, offering a deeper understanding of the company's financial performance and position.

Specifically, the document includes "Notes to Consolidated Financial Statements As of and For the Year ended October 31, 2022", "Notes to Consolidated Financial Statements For the Year Ended October 31, 2023", and "Notes to Consolidated Financial Statements For the Year Ended October 31, 2024". These notes would include information about accounting policies, revenue recognition, advertising expenses, income taxes, and other relevant financial details for those respective years.

For a prospective Carbones Pizzeria franchisee, reviewing these notes is crucial for understanding the financial health and accounting practices of the company. It allows them to see trends and assess the financial stability of Carbones Pizzeria over these three years. Understanding advertising expenses, for example, can give a franchisee insight into how the franchisor supports the brand. Similarly, details about revenue recognition and accounting policies provide transparency into how the company manages and reports its finances.