What was the C12 Group's Board of Directors expense in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Less imputed interest | 167,342 (1,156) | | Present value of lease liability | $ 166,186 |
NOTE D - OTHER OPERATING EXPENSES
Other operating expenses include the following for the years ended December 31:
| 2023 | 2022 | |
|---|---|---|
| Franchise administration | 9,418 | 1 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, C12 Group's Board of Directors expense for the year 2023 was $29,442. This figure is part of the company's other operating expenses, which totaled $125,337 in 2023. For comparison, the Board of Directors expense in 2022 was $12,141, and the total other operating expenses were $99,560.
These expenses are important for prospective franchisees to consider as they provide insight into how C12 Group manages its corporate overhead. A significant increase in Board of Directors expenses from one year to the next, as seen from 2022 to 2023, could indicate changes in the company's governance or strategic direction. Franchisees should be aware of these trends, as they can impact the overall financial health and stability of the franchisor.
Understanding the breakdown of these operating expenses can help a potential C12 Group franchisee assess the financial efficiency of the company. While franchise administration, professional fees, and merchant fees also contribute to the total, the Board of Directors expense specifically reflects costs associated with the company's leadership and decision-making processes. Monitoring these expenses over time can provide a clearer picture of the franchisor's financial management and priorities.