What was the total rebate revenue for Carbones Pizzeria for the year ended October 31, 2023?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
Additionally, the Company owned and operated one corporate location, Carbone's Pizzeria, during the year ended October 31, 2023.
2. Summary of Significant Accounting Policies
Fiscal Year
The Company's fiscal year is October 31.
Basis of Accounting and Financial Statement Presentation
The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").
Principles of Consolidation
The consolidated financial statements include M & T Pizza Incorporated (M&T), a Minnesota corporation, and its wholly-owned subsidiaries, Carbone & Sons, Inc. (C&S), a Minnesota corporation, and Carbone Pizza, Inc. (CPI), a Minnesota corporation. All material intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates
The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements as well as related disclosures. On an ongoing basis, the Company evaluates its estimates and assumptions based on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results could differ from these estimates.
Concentrations
The Company holds cash and cash equivalents at times may exceed federal insurance limits; however, the Company does not anticipate any losses related to this balance.
Notes to Consolidated Financial Statements For the Year Ended October 31, 2023
2. Summary of Significant Accounting Policies (Continued)
Cash and Cash Equivalents
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
Based on the 2025 Carbones Pizzeria Franchise Disclosure Document, information regarding total rebate revenue for the year ended October 31, 2023, is not disclosed. The provided excerpts from the FDD focus on various aspects of the company's financial statements, including revenue recognition policies, advertising expenses, and accounting practices, but do not specifically mention or quantify any rebate revenue.
While the FDD details revenue recognition from royalties and company restaurant sales, it does not break down other potential revenue sources like rebates. The document does mention advertising expenses, noting that for the year ended October 31, 2023, these expenses amounted to $278,545. However, this figure relates to advertising expenses rather than any form of rebate revenue.
A prospective Carbones Pizzeria franchisee should directly ask the franchisor for detailed information about all potential revenue streams, including any rebates or incentives the company receives from suppliers or other sources. Understanding these additional revenue sources can provide a more complete picture of the company's financial performance and potential profitability for franchisees.
Understanding all revenue streams is crucial for assessing the overall financial health and potential profitability of a Carbones Pizzeria franchise. Therefore, it is essential for potential franchisees to seek clarification from the franchisor regarding any revenue sources not explicitly detailed in the FDD.