Where can I find the audited financial statements of GoTo Foods related to the Carvel franchise?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit A are the audited financial statements of GoTo Foods as of and for the fiscal years December 29, 2024 and December 31, 2023. These financial statements are being provided for disclosure purposes only. GoTo Foods is not a party to the Franchise Agreement or other agreement we sign with franchisees nor does it guarantee our obligations under the Franchise Agreement or other agreements we sign with franchisees.
Source: Item 21 — Financial Statements (FDD page 99)
What This Means (2025 FDD)
According to the 2025 Carvel FDD, the audited financial statements of GoTo Foods as of and for the fiscal years December 29, 2024, and December 31, 2023, are attached as Exhibit A to the Disclosure Document. These financial statements are provided for disclosure purposes.
It's important to note that while GoTo Foods provides support and services to Carvel franchisees under a management agreement, GoTo Foods is not a party to the Franchise Agreement or any other agreement Carvel signs with its franchisees. Additionally, GoTo Foods does not guarantee Carvel's obligations under the Franchise Agreement or other agreements.
Prospective franchisees should carefully review these financial statements to understand the financial health and stability of GoTo Foods, as it plays a role in supporting the Carvel franchise system. However, they should also recognize that the direct contractual relationship and guarantees lie with Carvel itself.