What was the total balance for Carbones Pizzeria as of October 31, 2021?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
nse | 56,702 | | Net income | $ 163,788 |
M & T Pizza Incorporated and Subsidiaries Consolidated Statement of Changes in Stockholder's Equity For the Year ended October 31, 2022
Controlling interest in equity
| Commo | on Stock | Additional paid in | Retained | Treasury | ||
|---|---|---|---|---|---|---|
| Shares | Amount | capital | earnings | Stock | Total | |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to the 2025 FDD, the total balance for Carbones Pizzeria as of October 31, 2021, was $777,762. This figure is derived from the consolidated financial statements which include M & T Pizza Incorporated and its wholly-owned subsidiaries. The balance is calculated by considering several components, including common stock, additional paid-in capital, retained earnings, and treasury stock.
Specifically, the balance is the sum of $2,500 in common stock, $266,117 in additional paid-in capital, $543,701 in retained earnings, and a deduction of $34,556 for treasury stock. This total provides a snapshot of the company's net worth at the end of the fiscal year 2021.
For a prospective franchisee, this information offers insight into the financial health and structure of Carbones Pizzeria. A positive total balance generally indicates financial stability, which can be a reassuring factor when considering investing in a franchise. However, it's essential to review the individual components and understand how they contribute to the overall balance to gain a comprehensive understanding of the company's financial position.