For what period were the consolidated statements of operations, changes in stockholder's equity, and cash flows audited for M & T Pizza Incorporated and Subsidiaries, according to the opinion for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
DNJ & ASSOCIATES
Certified Public Accountants 601 Las Tunas Drive, #108, Arcadia, CA 91007 310-989-8507 www.dnjassociates.com
Independent Auditor's Report
To the Stockholder M & T PIZZA INCORPORATED AND SUBSIDIARIES St. Paul, Minnesota
Opinion
We have audited the accompanying consolidated financial statements of M &T Pizza Incorporated and Subsidiaries (the "Company") (a Minnesota Corporation), which comprise the consolidated balance sheet as of October 31, 2024, and the related consolidated statements of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes to consolidated financial statements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of the Company as of October 31, 2024, and the consolidated results of its operations and cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the consolidated statements of operations, changes in stockholder's equity, and cash flows for M & T Pizza Incorporated and Subsidiaries were audited for the year ending October 31, 2024. The audit was conducted by DNJ & Associates, Certified Public Accountants. Their opinion states that the financial statements present fairly the consolidated financial position of the company as of October 31, 2024, and the results of its operations and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
Similarly, the consolidated statements were also audited for the year ending October 31, 2023, by DNJ & Associates, and for the year ending October 31, 2022, by another firm of Certified Public Accountants and Business Consultants. These audits provide an independent assessment of the company's financial position and performance for those years.
Prospective franchisees should review these audited financial statements and the accompanying notes carefully to understand Carbones Pizzeria's financial performance, including revenues, expenses, assets, liabilities, and cash flows. Understanding these statements is crucial for assessing the financial health and stability of the franchisor, which can impact the support and resources available to franchisees.