What was the amount of dues from Atlanta for C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
embers' Capital | 1,843,880 | 1,312,531 | | Total Liabilities and Members' Capital | $ 3,534,314 | $ 1,840,832 |
Consolidated Statements of Operations and Members' Capital Years Ended December 31, 2022 and 2021
| 2022 | 2021 | |
|---|---|---|
| Revenues: | ||
| Franchise Fees | $ 5,362,125 | $ 4,232,334 |
| Dues - C12 Atlanta |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the dues from C12 Atlanta in 2022 amounted to $429,500. This figure represents the revenue C12 Group recognized from its Atlanta franchise location during that year. It's important to note that C12 Atlanta was a wholly-owned subsidiary of The C12 Group, LLC until it was sold to a third party on January 31, 2023. Therefore, the dues reflect the financial performance of that specific location under C12 Group's ownership for the year 2022.
For a prospective franchisee, this information provides insight into the potential revenue that a C12 Group franchise in a specific market (in this case, Atlanta) could generate. However, it is crucial to understand that this number reflects the performance of a company-owned location and may not be directly comparable to the potential performance of a franchised location. Factors such as market conditions, local competition, and the franchisee's management capabilities can significantly impact revenue.
Furthermore, the FDD indicates that C12 Group sold C12 Atlanta in January 2023. This sale could be due to various strategic reasons, and a potential franchisee should inquire about the reasons behind the sale and how it might affect the overall franchise system. Understanding the context behind this transaction can provide valuable insights into C12 Group's business strategy and its approach to managing company-owned versus franchised locations.
In summary, while the $429,500 in dues from C12 Atlanta in 2022 offers a data point for potential revenue, prospective franchisees should conduct thorough due diligence, considering market-specific factors and the strategic context of C12 Atlanta's sale, to assess the potential financial performance of a C12 Group franchise in their desired location.