For what fiscal years are the audited financial statements of GoTo Foods provided in the Carvel Disclosure Document?
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 Carvel's 2025 Franchise Disclosure Document, the audited financial statements of GoTo Foods are included as Exhibit A and cover the fiscal years ended December 29, 2024, and December 31, 2023. These financial statements are provided for disclosure purposes.
It is important to note that GoTo Foods is not a party to the Franchise Agreement with Carvel franchisees. Additionally, GoTo Foods does not guarantee Carvel's obligations under the Franchise Agreement or other agreements Carvel signs with its franchisees.
Prospective franchisees should carefully review these financial statements to understand the financial health of GoTo Foods, as it provides support and services to franchisees under a management agreement with Carvel. While GoTo Foods' financials are disclosed, the parent company, GoTo Systems, also has its financial statements included, covering the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022. GoTo Systems guarantees Carvel's obligations under the Franchise Agreement.