What was the gain on sale of subsidiary for C12 Group in 2023?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Goodwill is amortized over a 10 year period. Amortization is expected to be $11,995 annually through 2031. Accumulate
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
I am unable to provide the gain on the sale of subsidiary for C12 Group in 2023, as the excerpt from the 2025 Franchise Disclosure Document does not contain this specific figure. However, the FDD does mention the sale of C12 Atlanta, LLC, which was a wholly-owned subsidiary, to a third party on January 31, 2023. The document also notes that as a result of this sale, C12 Group wrote off $80,862 in goodwill related to the subsidiary.
To get a clear picture of the financial implications for C12 Group, a prospective franchisee should ask the franchisor for the specific amount of the gain or loss recognized on the sale of C12 Atlanta. Understanding the details of this transaction can provide insight into the company's financial decisions and overall financial health.
While the FDD excerpts provide information on the sale of C12 Atlanta and the resulting write-off of goodwill, it lacks the specific figure for the gain on the sale. Therefore, further inquiry is necessary to obtain a complete understanding of the financial impact of this transaction on C12 Group.