What was the loan payable amount, net of the current portion, for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Cash and cash equivalents | $ 161,252 |
|---|---|
| Accounts receivable, net of allowance for doubtful accounts of $109,133 | 287,928 |
| Due from stockholder | 492,605 |
| Accounts receivable, related party | 107,489 |
| Inventory | 3,650 |
| Prepaid expenses | 19,005 |
| Total current assets | 1,071,929 |
| Note receivable | 60,500 |
| Deferred tax assets | 13,000 |
| Property and equipment, net | 164,212 |
| Total assets | $ 1,309,641 |
| Liabilities and Stockholder's Equity | |
| Current liabilities: | |
| Loan payable, current portion | $ 29,854 |
| Accounts payable and accrued expenses | 31,744 |
| Income taxes payable | 113,000 |
| Total current liabilities | 174,598 |
| Loan payable, net of current portion | 13,592 |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the loan payable amount, net of the current portion, was $13,592 as of October 31, 2023. This figure represents the long-term portion of the company's loan obligations, indicating the amount due beyond the next 12 months.
This information is part of the consolidated financial statements, which include M & T Pizza Incorporated and its subsidiaries. These statements provide a snapshot of the company's financial health, including its assets, liabilities, and equity. The loan payable amount is a key indicator of Carbones Pizzeria's debt structure and its ability to manage long-term obligations.
For a prospective franchisee, understanding the franchisor's financial stability is crucial. A significant loan payable amount could indicate financial strain, while a manageable amount suggests a healthy financial position. Reviewing these figures over several years, if available, can provide a more comprehensive view of the franchisor's financial trends and risk factors. It is important to note that these figures pertain to the franchisor's corporate entity and not the financial performance of individual franchise locations.