What was the value of Common Stock shares for Carbones Pizzeria as of October 31, 2023?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net income | $ 179,901 |
M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Statement of Changes in Stockholder's Equity For the Year Ended October 31, 2023
| Commo Shares | on Stock Amount | Common Stock nares Amount | Retained Earnings | Treasury stock | Total Equity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, October 31, 2022 | 2,500 | $ | 2,500 | $ 266,117 | $ | 707,489 | $ |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the value of Common Stock shares as of October 31, 2023, was $2,500. The number of shares was 2,500. The document also indicates a balance of retained earnings of $(34,556) and total equity of $1,121,451 as of the same date.
These figures are part of the consolidated financial statements, which include M & T Pizza Incorporated and its wholly-owned subsidiaries. These statements provide a snapshot of the company's financial position at the end of the fiscal year. The fiscal year for Carbones Pizzeria ends on October 31.
For a prospective franchisee, this information offers insight into the equity structure and overall financial health of Carbones Pizzeria. Understanding the common stock value, retained earnings, and total equity can help in assessing the financial stability and potential risks associated with investing in a Carbones Pizzeria franchise. Reviewing these figures in comparison to previous years and industry benchmarks can provide a more comprehensive understanding.