What balance sheet dates are included in the audited financial statements of GoTo Systems for Cinnabon?
Cinnabon Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit A to this Disclosure Document are the audited financial statements of GoTo Systems, our parent company, which include the consolidated balance sheets as of December 29, 2024 and December 31, 2023 and the related consolidated statements of operations, changes in member's equity, and cash flows for the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022. GoTo Systems guarantees the performance of our obligations under the Franchise Agreement. A copy of the guaranty of GoTo Systems is attached as Exhibit A.
Source: Item 21 — Financial Statements (FDD page 113)
What This Means (2025 FDD)
According to Cinnabon's 2025 Franchise Disclosure Document, the audited financial statements of GoTo Systems, the parent company, include consolidated balance sheets as of December 29, 2024, and December 31, 2023. These statements also encompass the related consolidated statements of operations, changes in member's equity, and cash flows for the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022.
These financial statements are crucial for prospective Cinnabon franchisees as they provide an overview of the financial health and performance of GoTo Systems. Since GoTo Systems guarantees Cinnabon's obligations under the Franchise Agreement, its financial stability directly impacts the security of the franchise agreement.
By reviewing these balance sheets and related statements, potential franchisees can assess the parent company's assets, liabilities, equity, profitability, and cash flow trends. This information helps in evaluating the overall risk associated with investing in a Cinnabon franchise and the ability of GoTo Systems to support its franchise network. Franchisees should carefully examine these statements and consult with a financial advisor to fully understand the financial implications.