What was the franchise administration expense for C12 Group in 2022?
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 C12 Group's 2025 Franchise Disclosure Document, the franchise administration expense for the year 2022 was $11,708. This figure represents the costs C12 Group incurred for administering its franchise system during that year. Franchise administration expenses are part of the overall operating expenses that C12 Group incurs to support its franchisees.
Understanding the franchise administration expenses can provide potential franchisees with insight into how C12 Group manages its resources and supports its franchise network. Lower administration costs might suggest efficiency, while higher costs could indicate more extensive support services or other factors.
It's important to note that this figure is just one component of C12 Group's overall financial performance. Prospective franchisees should consider this number in the context of other financial data, such as revenue, other operating expenses, and overall profitability, to gain a comprehensive understanding of the financial health and stability of C12 Group.