What was the total equity for Carbones Pizzeria as of October 31, 2024?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
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M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Statement of Changes in Stockholder's Equity For the Year Ended October 31, 2024
| Commo Shares | on Stock Amount | Common Stock Shares Amount | Additional paid in capital | Retained Earnings | Гreasury stock | Total Equity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, October 31, 2023 | 2,500 | $ | 2,500 | $ 266,117 | $ 887,390 | $ (34,556) | $ 1,121,451 | ||||||
| Net income | 198,42 |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the consolidated statement of changes in stockholder's equity shows the total equity as of October 31, 2024. The total equity for Carbones Pizzeria on this date was $1,319,877.
This figure represents the net worth of Carbones Pizzeria at the end of its fiscal year. It is calculated by totaling the value of common stock shares ($2,500), additional paid-in capital ($266,117), and retained earnings ($1,085,816), then subtracting treasury stock ($34,556).
For a prospective franchisee, this number provides insight into the financial stability and overall capitalization of Carbones Pizzeria. A higher equity amount generally indicates a stronger financial position, which can be reassuring for franchisees who are considering investing in the brand. It is important to note that this equity figure is part of a consolidated statement, reflecting the financial status of M & T Pizza Incorporated and its subsidiaries.
It is also important to consider the trend in equity over time. The FDD shows that the net income for the year ended October 31, 2024, was $198,426, which contributed to the increase in total equity from the previous year. Reviewing these changes can provide a more comprehensive understanding of the company's financial performance.