Does Carbones Pizzeria provide an estimate of the financial impact of COVID-19 in this document?

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the auditor's report includes an emphasis of matter regarding COVID-19. Specifically, it acknowledges that on March 11, 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures. However, the report states that the ultimate financial impact and duration of these events could not be reasonably estimated at the time the financial statements were prepared. This statement indicates uncertainty about the long-term financial effects of the pandemic on Carbones Pizzeria.

For a prospective franchisee, this means that the historical financial statements may not fully reflect the potential ongoing impact of COVID-19 on the business. While the FDD acknowledges the pandemic, it does not provide specific figures or projections regarding its financial consequences. This lack of concrete estimates introduces a level of risk and uncertainty for anyone considering investing in a Carbones Pizzeria franchise.

Given this uncertainty, it is crucial for potential franchisees to conduct their own due diligence and seek additional information from Carbones Pizzeria. They should inquire about any internal assessments or analyses the company has performed regarding the pandemic's impact since the date of the auditor's report. Furthermore, prospective franchisees should consider consulting with financial advisors to evaluate the potential risks and rewards of investing in a Carbones Pizzeria franchise in light of the ongoing economic climate.