As of what dates are the audited financial statements of GoTo Foods provided 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.
As reflected in Item 1, GoTo Foods will be providing required support and services to franchisees under a management agreement with us. 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 113)
What This Means (2025 FDD)
According to Cinnabon's 2025 Franchise Disclosure Document, the audited financial statements of GoTo Foods are included as Exhibit A. These statements consist of consolidated balance sheets as of December 29, 2024, and December 31, 2023. The exhibit also includes 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 offer prospective Cinnabon franchisees insight into the financial health and performance of Cinnabon's parent company, GoTo Foods. Because GoTo Foods guarantees Cinnabon's obligations under the Franchise Agreement, its financial stability is an important factor for franchisees to consider. Reviewing these statements can help potential franchisees assess the level of risk associated with investing in a Cinnabon franchise.
It is important to note that while GoTo Foods provides financial support and services to franchisees, the audited financial statements of GoTo Foods are provided for disclosure purposes only. GoTo Foods is not a party to the Franchise Agreement or other agreement Cinnabon signs with franchisees, nor does it guarantee Cinnabon's obligations under the Franchise Agreement or other agreements. Therefore, prospective franchisees should carefully examine the financial statements of both GoTo Foods and GoTo Systems to gain a comprehensive understanding of the financial backing behind the Cinnabon franchise.