Where can I find additional information about the consolidated entities of Carbones Pizzeria in the financial statements?

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, additional information regarding the consolidated entities can be found within the notes to the consolidated financial statements. Specifically, the financial statements include M & T Pizza Incorporated (M&T), a Minnesota corporation, and its wholly-owned subsidiaries, Carbone & Sons, Inc. (C&S), a Minnesota corporation, and Carbone Pizza, Inc. (CPI), a Minnesota corporation. All material intercompany accounts and transactions have been eliminated in consolidation.

The notes provide further details on the nature of the business, accounting policies, and other relevant financial information for these entities. These notes are essential for understanding the financial position and performance of Carbones Pizzeria and its related companies.

Prospective franchisees should carefully review these consolidated financial statements and the accompanying notes to gain a comprehensive understanding of the financial structure and operations of Carbones Pizzeria. Understanding the relationships between the parent company and its subsidiaries can provide valuable insights into the overall financial health and stability of the franchise system.