What were the chair development and training expenses for The C12 Group, LLC in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
3,449 | | Members' Equity Total Liabilities and Members' Equity | 2,682,453 | 2,689,110 | | | $ 5,446,125 | $ 3,501,390 |
THE C12 GROUP, LLC Statements of Operations Years Ended December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Revenues: | ||
| Franchise fees: | ||
| Continuing fees | $ 6,812,735 | $ 5,935,902 |
| Initial fees | 424,292 | 379,430 |
| International license fees | 302,381 | 196,251 |
| New member registration fees | 458,500 | 465,175 |
| Training fees | 208,676 | 150,266 |
| Merchandise and promotion | 94,810 | 169,815 |
| Dues, Atlanta | :=: | 37,890 |
| Total revenues | 8,301,394 | 7,334,729 |
| Operating Expenses: | ||
| Salaries and benefits | 3,999,631 | 3,206,864 |
| Contract labor | 619,592 | 693,362 |
| Curriculum and kits | 530,221 | 513,885 |
| Staff development and training | 187,798 | 127,432 |
| Chair development and training | 481,081 | 402,591 |
| Recruiting expenses | 106,230 | 229,383 |
| Chair services | 80,855 | 64,356 |
| New chair training | 111,210 | 113,517 |
| International markets | 98,908 | 111,041 |
| Business travel | 220,151 | 176,139 |
| Technology | 176,936 | 162,582 |
| Merchandise | 27,385 | 91,142 |
| Content production | 68,526 | 46,121 |
| Office expenses | 279,219 | 235,988 |
| Advertising | 261,415 | 185,953 |
| Depreciation and amortization | 145,909 | 115,318 |
| Charitable contributions | 109,616 | 124,198 |
| Other operating expenses | 123,305 | 125,337 |
| Total operating expenses | 7,627,988 | 6,725,209 |
| Income from Operations | 673,406 | 609,520 |
| Other income (expenses): | ||
| Conference revenue, net of expenses of $0 and $1,218,944 | = | 285,555 |
| Interest income | 109,126 | 32,477 |
| Gain on sale of subsidiary | := | 276,066 |
| Other | (105,8 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the chair development and training expenses for 2023 were $402,591. This figure represents the expenses C12 Group incurred for the development and training of its chairs during that year.
For a prospective franchisee, this number provides insight into C12 Group's investment in its franchise network's ongoing development. It suggests that C12 Group allocates a significant portion of its resources to ensure that its chairs are well-trained and equipped to manage their respective territories effectively. This investment could translate to better support and resources for franchisees, potentially leading to improved performance and satisfaction.
It's important to note that this figure is just one component of the overall support system C12 Group provides. Franchisees should also consider other factors, such as the initial training provided, ongoing marketing support, and the availability of resources and tools, to get a comprehensive understanding of the support they can expect from C12 Group. Reviewing these expenses in comparison to previous years, such as the $481,081 spent in 2024, can also reveal trends in C12 Group's commitment to chair development and training.