What was the gain from the sale of subsidiary for C12 Group in 2023?

The 2025 Franchise Disclosure Document for C12 Group does not explicitly state the gain from the sale of its subsidiary, C12 Atlanta, in 2023. However, it does mention that C12 Group wrote off $80,862 in goodwill related to the sale of C12 Atlanta in 2023.

Goodwill, in accounting terms, represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business acquisition. When C12 Group sold C12 Atlanta, they had to adjust their books to reflect the removal of this goodwill, which resulted in a write-off. This write-off does not directly represent a gain or loss on the sale but rather an adjustment to the balance sheet to reflect the changed asset structure of the company after the sale.

To determine the actual gain from the sale of the subsidiary, a prospective franchisee should request the C12 Group to provide a detailed income statement or other financial documents that specifically outline the proceeds from the sale, any direct costs associated with the sale, and the resulting net gain or loss. This information is crucial for understanding the financial implications of such transactions and assessing the overall financial health of C12 Group.