What were the distributions for C12 Group in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The consolidating balance sheet, consolidating statement of operations and members' capital, and the condensed consolidated statements of operations and members' capital on pages 11 through 13, respectively, are presented for purposes of additional analysis and is not a required part of the consolidated financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the consolidated financial statements. The information for the year ended December 31, 2022 has been subjected to the auditing procedures applied in the audit of the 2021 consolidated financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the consolidated financial statements or to the consolidated financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information for the year ended December 31, 2022 is fairly stated in all material respects in relation to the 2022 consolidated financial statements as a whole. The comparative information for the years ended December 31, 2018 through 2021 has been derived from The C12 Group, LLC's 2018 through 2021 financial statements of which an unmodified opinion was expressed on those financial statements.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
I am unable to provide information on the distributions for C12 Group in 2021, as this specific financial data is not present within the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts contain the independent auditor's report, consolidated balance sheets as of December 31, 2022 and 2021, notes to the consolidated financial statements, and information on the company's operations, accounting policies, and revenue recognition. The excerpts also mention that the comparative information for the years ended December 31, 2018 through 2021 has been derived from The C12 Group, LLC's 2018 through 2021 financial statements of which an unmodified opinion was expressed on those financial statements. However, the specific distribution amounts are not detailed.
A prospective franchisee would likely want to know the exact amount and nature of distributions to understand the financial performance and stability of C12 Group. This information would be helpful in assessing the overall financial health of the company and its ability to support its franchisees.
To obtain this information, a potential franchisee should specifically ask C12 Group's franchisor for the detailed statements of changes in members' equity, or equivalent financial statements, that show the distributions made in 2021. Reviewing these statements would provide a clear picture of how profits were allocated and distributed during that year.