What were the total current liabilities for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Cash and cash equivalents | $ 161,252 |
|---|---|
| Accounts receivable, net of allowance for doubtful accounts of $109,133 | 287,928 |
| Due from stockholder | 492,605 |
| Accounts receivable, related party | 107,489 |
| Inventory | 3,650 |
| Prepaid expenses | 19,005 |
| Total current assets | 1,071,929 |
| Note receivable | 60,500 |
| Deferred tax assets | 13,000 |
| Property and equipment, net | 164,212 |
| Total assets | $ 1,309,641 |
| Liabilities and Stockholder's Equity | |
| C |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the company's total current liabilities as of October 31, 2023, were $174,598. Current liabilities represent the company's obligations that are due within one year. These liabilities include items such as the current portion of a loan payable, accounts payable, accrued expenses, and income taxes payable.
Specifically, the current liabilities consisted of a loan payable (current portion) of $29,854, accounts payable and accrued expenses totaling $31,744, and income taxes payable amounting to $113,000. These figures provide a snapshot of Carbones Pizzeria's short-term financial obligations at the end of their fiscal year in 2023.
A prospective franchisee should consider these liabilities in the context of the company's overall financial health and stability. Understanding the nature and extent of these obligations can help in assessing the financial risk associated with investing in a Carbones Pizzeria franchise. It is also important to compare these figures with previous years and industry benchmarks to identify any trends or potential areas of concern.