What was the net loss for Carbones Pizzeria for the four months ended February 28, 2025?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
To Management M & T Pizza Incorporated and Subsidiaries St. Paul, Minnesota
The accompanying financial statements of M & T Pizza Incorporated and Subsidiaries as of February 28, 2025 and for the four months ended February 28, 2025 were not subjected to an audit, review, or compilation engagement by us and we do not express an opinion, a conclusion, nor provide any assurance on them. Substantially all disclosures and the statement of stockholders' equity required by the income tax basis of accounting are omitted.
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements for M & T Pizza Incorporated and Subsidiaries, which includes Carbones Pizzeria, for the four months ended February 28, 2025, were not subjected to an audit, review, or compilation. This means that an independent accountant did not verify the accuracy or completeness of these financial statements. The disclaimer indicates that no opinion or assurance is provided on them.
For a prospective Carbones Pizzeria franchisee, this lack of independent verification introduces a higher level of risk. The financial data presented has not been scrutinized by an objective third party, so its reliability is uncertain. It is important to note that substantially all disclosures and the statement of stockholders' equity required by the income tax basis of accounting are omitted.
Therefore, potential franchisees should approach this unaudited financial information with caution and conduct their own due diligence. This may include consulting with a financial advisor to review the statements and possibly requesting additional, verified financial information from Carbones Pizzeria to make a more informed investment decision.