What were the total royalty revenues for Carbones Pizzeria for the year ended October 31, 2023?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
d renewal franchise fees in the year ended October 31, 2023.
Company Restaurant Sales
The Company earns revenue from sales at the Company owned restaurant and is recognized at the time of sale.
Advertising
In accordance with signed franchise agreements, franchisees contribute royalties to an advertising fund. The fund is to be used to maximize pu
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 the specific figure for total royalty revenues for Carbones Pizzeria for the year ended October 31, 2023. The excerpts do mention that Carbone's Pizzeria generates revenue primarily from restaurant royalties and franchise fees from franchised locations in Minnesota, Wisconsin, and Montana.
However, the financial statements do include the advertising expenses for the year ended October 31, 2023, which amounted to $278,545. This figure represents the expenses incurred for advertising, which franchisees contribute to via royalties, but it is not the total royalty revenue itself.
A prospective franchisee should ask Carbones Pizzeria for the specific amount of royalty revenues received for the year ended October 31, 2023, to understand the financial performance and revenue streams of the franchise system. This information is crucial for evaluating the financial health and stability of the franchise.