For what fiscal years are the audited financial statements of GoTo Foods provided in the Carvel FDD?
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 for the fiscal years ended December 29, 2024, and December 31, 2023. These financial statements offer insight into the financial health and performance of GoTo Foods during those periods.
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 direct party to the Franchise Agreement. The financial statements are included for informational purposes only, and GoTo Foods does not guarantee Carvel's obligations to its franchisees.
Prospective Carvel franchisees should carefully review these financial statements along with the other exhibits to gain a comprehensive understanding of the financial stability of both GoTo Foods and GoTo Systems, as GoTo Systems guarantees Carvel's obligations under the Franchise Agreement. Understanding the financial standing of these entities can help franchisees assess the overall risk and potential rewards of investing in a Carvel franchise.