As of what dates are the consolidated balance sheets 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 stability of GoTo Systems. Since GoTo Systems guarantees Cinnabon's obligations under the Franchise Agreement, its financial strength directly impacts the security of the franchise agreement for franchisees.
By reviewing these balance sheets, potential franchisees can assess the assets, liabilities, and equity of GoTo Systems, gaining insight into its ability to support Cinnabon and fulfill its obligations. The statements of operations and cash flows offer further understanding of the parent company's profitability and cash management over the specified periods, which are vital indicators of long-term sustainability and reliability.