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What was the total value of prepaid expenses for Carbones Pizzeria?

Carbones_Pizzeria Franchise · 2025 FDD

Answer from 2025 FDD Document

cant audit findings, and certain internal control related matters that we identified during the audit.

Sherman Oaks, California March 20, 2023

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Consolidated Balance Sheet October 31, 2022

ASSETS

Cash and equivalents $ 102,916

Source: Item 22 — CONTRACTS (FDD page 30)

What This Means (2025 FDD)

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the company's prepaid expenses totaled $24,490 as of October 31, 2023. This figure represents payments made in advance for goods or services that Carbones Pizzeria will receive in the future.

For a prospective franchisee, understanding the level of prepaid expenses can offer insights into the company's financial management and obligations. Prepaid expenses are considered assets on the balance sheet because they represent future economic benefits for the company.

It is important to note that this figure is a snapshot at a specific point in time (October 31, 2023) and may not be representative of other periods. Reviewing these expenses in relation to other financial metrics can provide a more comprehensive understanding of the company's financial health.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.