As of and for what fiscal years are the audited financial statements of GoTo Foods provided for Cinnabon?
Cinnabon 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 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 cover the fiscal years ending December 29, 2024, and December 31, 2023.
These financial statements offer insights into GoTo Foods' financial health, which is relevant because GoTo Foods will provide support and services to Cinnabon franchisees under a management agreement. However, the FDD clarifies that GoTo Foods is not a party to the Franchise Agreement with Cinnabon franchisees and does not guarantee Cinnabon's obligations.
Prospective franchisees should carefully review these financial statements and consider the relationship between GoTo Foods and Cinnabon. Understanding the financial stability of GoTo Foods can help franchisees assess the reliability of the support and services they will receive. It is also important to note that while GoTo Foods' financials are provided, the parent company, GoTo Systems, also provides a guarantee of performance, and its financial statements are included as well.