For what fiscal years are the consolidated statements of operations, changes in member's equity, and cash flows provided for GoTo Systems regarding 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 Systems, the parent company, include 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 statements are part of Exhibit A to the FDD. GoTo Systems guarantees Cinnabon's obligations under the Franchise Agreement.
In addition to GoTo Systems' financials, the FDD includes audited financial statements for GoTo Foods as of and for the fiscal years December 29, 2024, and December 31, 2023. However, these statements are provided for disclosure purposes only, as GoTo Foods is not a party to the Franchise Agreement and does not guarantee Cinnabon's obligations.
Prospective Cinnabon franchisees can review these financial statements to assess the financial health and performance of GoTo Systems and GoTo Foods. Understanding the parent company's financial stability is crucial, as GoTo Systems guarantees Cinnabon's obligations under the franchise agreement. While GoTo Foods provides support and services to franchisees, it's important to remember that its financials are for informational purposes only and do not represent a direct guarantee or obligation related to the franchise agreement.