What were the total current assets of Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
dentified during the audit.
Arcadia, California
May 31, 2024
M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Balance Sheet October 31, 2023
Assets
| Cash and cash equivalents | $ 161,252 |
|---|
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the provided excerpts do not contain a consolidated balance sheet or a statement of assets for Carbones Pizzeria. However, the notes to the consolidated financial statements for the year ended October 31, 2024, and October 31, 2023, discuss various aspects of the company's accounting policies, including cash and cash equivalents, accounts receivable, and inventory. These items are typically classified as current assets.
While the excerpts mention specific figures related to cash and cash equivalents ($161,252) and accounts receivable ($287,928 net of allowance), they do not provide a comprehensive list of all current assets or a total figure for current assets. The excerpts also mention "Due from stockholder" ($492,605) and "Accounts receivable, related party" ($107,489), but it is not clear whether these are classified as current assets.
For a prospective Carbones Pizzeria franchisee, understanding the company's current asset position is crucial for assessing its financial health and stability. Since the FDD excerpts do not provide a total figure for current assets, it is recommended that prospective franchisees request a full copy of the company's financial statements, including the balance sheet, from the franchisor. This will allow them to conduct a thorough financial analysis and make an informed investment decision.