What is the state of the Carvel franchisee 'Michael Arnone'?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, GoTo Foods Systems LLC, a Delaware limited liability company (the "Guarantor"), located at 5620 Glenridge Drive NE, Atlanta, Georgia 30342, absolutely and unconditionally guarantees to assume the duties and obligations of Carvel Franchisor SPV LLC, located at 5620 Glenridge Drive NE, Atlanta, Georgia 30342 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This Guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor signs this guarantee at Atlanta, Georgia on this 28th day of March 2025.
Guarantor:
GOTO FOODS SYSTEMS LLC
Name: Michael J. Dixon
Title: Chief Financial Officer
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
Based on the 2025 Carvel Franchise Disclosure Document, there is no mention of a franchisee named Michael Arnone. However, the document does mention a 'Michael J. Dixon' who is the Chief Financial Officer of GoTo Foods Systems LLC. GoTo Foods Systems LLC guarantees the obligations of Carvel Franchisor SPV LLC under its franchise registration and Franchise Agreement. This guarantee remains in effect until all obligations are satisfied or the liability of the Franchisor to its franchisees has been completely discharged.
Prospective Carvel franchisees should note that while Michael J. Dixon is not a franchisee, his role as CFO of GoTo Foods Systems LLC means he plays a significant part in guaranteeing the financial obligations of Carvel. This guarantee provides a level of financial security for franchisees, ensuring that Carvel has a financially stable entity backing its commitments.
It is important for potential franchisees to carefully review the financial statements of GoTo Foods Systems LLC, included as Exhibit A in the Franchise Disclosure Document, to assess the guarantor's financial health and ability to meet its obligations. Understanding the guarantor's financial standing can help franchisees evaluate the overall risk associated with investing in a Carvel franchise.
To gain a comprehensive understanding of the relationship between GoTo Foods Systems LLC and Carvel, prospective franchisees should consider asking the franchisor for additional information about the guarantee, including any limitations or conditions that may apply. This due diligence will help ensure that franchisees are fully informed about the financial backing behind the Carvel franchise system.