What was the total amount due from stockholder for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
torical levels of taxable income, expectations, and risks associated with estimates of future taxable income, and ongoing prudent and feasible tax planning strategies in assessing the need for a valuation allowance.
As of October 31, 2023, the Company's returns are subject to examination by federal and state taxing authorities, generally for three years and four years, respectively, after they are filed.
3. Related Party Transactions
Due from stockholder
The Company has note receivables from its sole stockholder in the amount of $492,605 as of October 31, 2023. This balance has
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, as of October 31, 2023, the amount due from the stockholder was $492,605. This is documented in the notes to the consolidated financial statements. The note receivable from its sole stockholder has no set repayment terms, is due on demand, unsecured, and noninterest bearing.
This related party transaction indicates that the stockholder owes a significant amount of money to Carbones Pizzeria. The fact that the balance is due on demand and is noninterest bearing suggests flexible repayment terms that are favorable to the stockholder.
For a prospective franchisee, this related party transaction highlights the importance of understanding the financial relationships between Carbones Pizzeria and its stakeholders. It is important to evaluate how such transactions could affect the financial stability and operations of the franchise system.
Prospective franchisees should seek clarification from Carbones Pizzeria regarding the nature of this debt, the stockholder's repayment plans, and the potential impact on the company's financial health. Understanding these details will help franchisees assess the financial risks and stability of the franchise system.