Do the C12 Group financial statements include an income statement?
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the financial statements include a statement of operations. Specifically, the independent auditor's report for 2024 and 2023 states that the audited financial statements 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. A separate auditor's report also mentions that the 2022 and 2021 financial statements include consolidated statements of operations and members' capital.
This indicates that C12 Group provides a statement of operations, which is essentially an income statement, as part of its audited financial statements. This statement provides a summary of revenues, expenses, and profits over a period of time, giving franchisees insight into the financial performance of the company.
Prospective franchisees can review these statements to understand C12 Group's revenue streams, profitability, and overall financial health. This information is crucial for assessing the stability and potential risks associated with investing in a C12 Group franchise.