What is the prospective Carbones Pizzeria franchisee advised regarding the financial statements as of and for the 4-month period 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)
According to the 2025 Carbones Pizzeria Franchise Disclosure Document, the 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. Because of this, the accountants do not express an opinion, a conclusion, nor provide any assurance on them.
In addition, the disclaimer states that substantially all disclosures and the statement of stockholders' equity required by the income tax basis of accounting are omitted.
This means that the financial statements provided have not been independently verified for accuracy or completeness, and a potential franchisee should be aware of the limitations of these statements when evaluating the financial health of Carbones Pizzeria.