What was the approximate total rent expense for C12 Group's operating leases in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
ntive is forfeited.
The accrual for the LTIP is updated annually based on the Company's valuation. As of December 31, 2024, the balance accrued under the LTIP was $222,768.
NOTE D – OPERATING LEASES
The Company has operating leases for certain office space and equipment expiring in 2025 and 2029. The leases do not contain op
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the company's rent expense under operating leases totaled approximately $134,000 in 2023. This figure reflects the cost of leasing certain office spaces and equipment used by C12 Group.
For a prospective franchisee, understanding C12 Group's leasing expenses can provide insight into the operational costs at the corporate level. While franchisees will have their own independent expenses, this information offers a benchmark for understanding typical office and equipment costs within the C12 Group business model.
It's important to note that these expenses relate to C12 Group's corporate operations and not the individual franchise units. Franchisees should conduct their own due diligence to estimate their specific rent and leasing costs based on their chosen location and operational needs. Reviewing these figures in conjunction with other financial disclosures in the FDD can help potential franchisees develop a comprehensive understanding of the financial aspects of operating a C12 Group franchise.