What were the curriculum and kits expenses for The C12 Group, LLC in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of The C12 Group, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in members' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The C12 Group, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements of The C12 Group, LLC for the year 2023 were audited. However, the provided excerpts do not contain a specific line item detailing the expenses for "curriculum and kits." The excerpts include the independent auditor's report and statements of operations for 2023, but these do not break down expenses to that level of detail. The financial statements include summaries of revenues and expenses, but not with the granularity to identify curriculum and kits expenses separately.
Prospective franchisees should note that while the FDD confirms the existence of training kits and materials provided to new franchisees, the exact cost attributed to these materials in the company's financial accounting is not disclosed in these excerpts. Item 22 includes the audited financial statements, but the specific details of curriculum and kits expenses are not listed as a separate line item.
For a clearer understanding of these costs, it is recommended that potential C12 Group franchisees ask the franchisor directly for a detailed breakdown of expenses related to curriculum and kits. This information would be helpful in assessing the overall investment and operational costs associated with the franchise. Understanding these costs can aid in better financial planning and decision-making for new franchisees.