To whom is the Independent Auditor's Report addressed for Carbones Pizzeria?

According to the 2025 Carbones Pizzeria Franchise Disclosure Document, the Independent Auditor's Report is addressed to the Stockholder M & T PIZZA INCORPORATED AND SUBSIDIARIES, located in St. Paul, Minnesota. This indicates that the audit was conducted on the parent company and its subsidiaries, providing assurance to the stockholder regarding the financial statements' accuracy and reliability.

This is a standard practice in franchising, where the franchisor's financial statements are audited to ensure transparency and compliance with accounting principles. The auditor's report provides an independent opinion on whether the financial statements present fairly the company's financial position, results of operations, and cash flows.

Prospective Carbones Pizzeria franchisees should review these audited financial statements and the auditor's report carefully. This will help them assess the financial health and stability of the franchisor, which is a critical factor in evaluating the franchise opportunity. Understanding the financial standing of M & T Pizza Incorporated and Subsidiaries can offer insights into the potential risks and rewards associated with investing in a Carbones Pizzeria franchise.