What specific financial statements are included for Carbones Pizzeria as of February 28, 2025?

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the financial statements for 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. Additionally, the statement of stockholders' equity and substantially all disclosures required by the income tax basis of accounting are omitted.

This disclaimer means that the financial statements provided have not been independently verified for accuracy or completeness. A prospective Carbones Pizzeria franchisee should understand that these financial statements may not provide a reliable basis for evaluating the financial health or performance of the company. The absence of an audit, review, or compilation indicates a higher risk of inaccuracies or omissions in the financial information.

Given these limitations, it is crucial for potential franchisees to exercise caution and conduct their own due diligence. This may involve consulting with a financial advisor or accountant to review the provided financial statements and assess the potential risks and opportunities associated with investing in a Carbones Pizzeria franchise. Requesting additional financial information or clarification from the franchisor may also be a prudent step in the evaluation process.