What was the net income for Carbones Pizzeria as of October 31, 2022?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance, October 31, 2021 | 2,500 | $ 2,500 | $ 266,117 | $ 543,701 | $ (34,556) | $ 777,762 |
|---|---|---|---|---|---|---|
| Net income | - | - | - | 163,788 | - | 163,788 |
| Balance, October 31, 2022 | 2,500 | $ 2,500 | $ 266,117 | $ 707,489 | $ (34,556) | $ 941,550 |
Source: Item 23 — RECEIPTS (FDD pages 30–116)
What This Means (2025 FDD)
According to the 2025 FDD, Carbones Pizzeria's net income as of October 31, 2022, was $163,788. This figure is part of a broader financial overview presented in the receipts section of the FDD. The document provides a comparative balance sheet, showing changes in equity and earnings over time.
Specifically, the table details the progression of Carbones Pizzeria's financial status from October 31, 2021, to October 31, 2022, highlighting the increase in total equity. The beginning balance of earnings was $543,701 on October 31, 2021, which then increased by the net income of $163,788 to reach a balance of $707,489 as of October 31, 2022.
This information is useful for prospective franchisees as it provides insight into the financial performance of Carbones Pizzeria. Reviewing these figures can help potential franchisees understand the profitability and financial stability of the franchise, which is a critical factor in their investment decision-making process. It's important to note that past performance is not indicative of future results, but it does offer a benchmark for evaluating the franchise's potential.