As of what date are the consolidated financial statements presented in the notes for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
Notes to Consolidated Financial Statements For the Year Ended October 31, 2024
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the consolidated financial statements are presented as of October 31, 2024. Specifically, the notes to the consolidated financial statements cover the year ended on this date. This information is crucial for prospective franchisees as it provides a snapshot of the company's financial health and performance during that period.
The FDD includes financial statements and related notes for the year ending October 31, 2024. These statements offer insights into the financial position, results of operations, and cash flows of M & T Pizza Incorporated and its subsidiaries, which include Carbone & Sons, Inc. and Carbone Pizza, Inc. The notes provide additional details on significant accounting policies, such as the fiscal year, basis of accounting, principles of consolidation, and use of estimates.
For a potential Carbones Pizzeria franchisee, understanding these financial statements is essential for assessing the financial stability and performance of the franchisor. Reviewing the notes, particularly those related to accounting policies, can help in understanding how the financial data is presented and interpreted. This knowledge can inform decisions about investing in a Carbones Pizzeria franchise and managing their own franchise's finances effectively.